The passing of Herbert Wigwe, a key figure in Nigerian banking and co-founder of Access Holdings, has unveiled lesser-known details about the billionaire’s impactful career.
As highlighted by billionaires.africa, Wigwe played a vital role in shaping Nigeria’s financial sector growth, transforming Access Bank Plc into Access Holdings, the country’s largest lender by assets, through strategic acquisitions and partnerships.
Mr Wigwe’s career commenced at Coopers & Lybrand Associates, followed by over a decade at Guaranty Trust Bank Plc, managing diverse portfolios.
In 2002, he and business partner Aigboje Aig-Imoukhuede acquired Access Bank, and under his leadership, it became Nigeria’s fourth-largest bank in 2017.
The acquisition of Diamond Bank in 2018 marked a transformative moment, leading to the birth of Access Holdings in March 2022.
Tragically, on February 9, 2024, Wigwe, along with his wife, son, and Abimbola Ogunbanjo, lost their lives in a helicopter accident in the United States. Abubakar Jimoh, Chairman of Access Holdings, affirmed Wigwe’s legacy of growth and operational excellence.
At the time of his passing, Wigwe held a 9.09-percent stake in Access Holdings, valued at $54 million. His impact extended beyond finance, focusing on globally connected ecosystems inspired by Africa and philanthropic efforts, including the HOW Foundation for youth empowerment, leadership, and health.
Following his death, billionaires.africa listed the companies linked to Wigge:
Access Holdings:
A powerhouse in Nigeria’s financial sector operating across 12 African nations, reflecting Wigwe’s vision for a diversified financial ecosystem. He held a 9.09-percent stake valued at $54 million.
Access Bank Plc:
The flagship banking business under Access Holdings, standing as a leading full-service commercial bank with a vast global network. Wigwe, alongside Aig-Imoukhuede, transformed it into Nigeria’s largest bank.
Tengen Holdings:
A Mauritius-based investment holding company representing the financial interests of the Wigwe family, playing a pivotal role in the acquisition of additional shares in Access Holdings.
HOW Foundation:
Founded by Wigwe in 2016, focusing on youth empowerment, leadership, and health initiatives. The foundation extends its impact to education and community welfare.
Wigwe University:
An ambitious project announced in November 2023, with a $500-million investment aiming to address Nigeria’s skills deficit through innovative education. Scheduled to launch soon, it symbolizes Wigwe’s commitment to shaping the future of Nigeria.