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Access Holdings: Wigwe was a key driving force, larger-than-life Personality

Access Holdings: Wigwe was a key driving force, larger-than-life Personality

The Management of Access Holdings in a Statement released on Sunday, confirmed its Chief Executive Officer, Herbert Wigwe died alongside his Wife and Son on Friday, February 9, in a Helicopter accident in the United States of America.

“The entire Access Family mourns the loss of Herbert, Doreen and Chizi. We extend our deep and sincere sympathies to his Family and loved ones.

“Wigwe was a key driving force and a larger-than-life Personality who brought his remarkable passion, energy, and experience to the transformation of the Access Franchise since joining the Bank in 2002."

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Access Holdings to announce ASAP a replacement for Wigwe as CEO

Access Holdings to announce ASAP a replacement for Wigwe as CEO

Access Holdings has confirmed the passing of its Chief Executive Officer, Herbert Wigwe, along with his Wife and Son, in a Helicopter crash in the U.S.

The Company said in a Statement signed by Sunday Ekwochi, Group Company Secretary, Access Holdings.

“It is with deep sadness that the Board of Directors of Access Holdings Plc (‘the Company’) announces the passing of Herbert Wigwe, CFR, the Company’s Founding Group Chief Executive Officer and former Group Managing Director of its Flagship Subsidiary, Access Bank Plc (‘the Bank’).

“Wigwe died alongside his Wife and Son on Friday, February 9, 2024 in a Helicopter Accident in the United States of America.

“The entire Access Family mourns the loss of Herbert, Doreen and Chizi. We extend our deep and sincere sympathies to his Family and loved ones.

“Wigwe was a key driving force and a larger-than-life Personality who brought his remarkable passion, energy, and experience to the transformation of the Access Franchise since joining the Bank in 2002,” he said.

Commenting on the passage, Abubakar Jimoh, Chairman of Access Holdings, said, “the Access Family has suffered a major loss with the passing of Wigwe who was a great Friend and fine Gentleman.

“He had a prodigious intellect, admirable personal qualities, and vast Business experience which he brought to bear on the Access Family and for which we owe him a debt of gratitude”.

Jimoh said in line with the Company’s Policy, the Board will soon announce the appointment of an Acting Group Chief Executive Officer.

He expressed hope that “the Access Group will build further on Wigwe’s legacy of growth and operational excellence.” 

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Aig-Imoukhuede returns to replace Wige as Helmsman at Access Holdings

Aig-Imoukhuede returns to replace Wige as Helmsman at Access Holdings
14-Mar-2024 / 79
Access Holdings Plc has announced Aigboje Aig-Imoukhuede, Access Bank pioneer Group Chief Executive Officer (Group CEO), as its Non-Executive Chairman.
 
Sunday Ekwochi, Company Secretary, Access Holdings, said this in a Disclosure sent to the Nigerian Exchange Limited. (NGX) on Wenesday in Lagos.
 
Ekwochi said that Aig-Imoukhuede would replace Abubakar Jimoh, the erstwhile Chairman of the Holdings, who remains on the Board as an Independent Non-Executive Director.
 
He stated that return of Aig-Imoukhuede was in response to the untimely passing of the immediate past Group CEO of Access Holdings, Herbert Wigwe.
 
According to him, following extensive consultations with Key Stakeholders, the Holdings Board unanimously decided to invite Aig-Imoukhuede to the Helm of Governance of the Group.
 
Ekwochi said: “This visionary and accomplished Leader is bringing an outstanding record of accomplishments, wealth of expertise and Leadership to guide the Group into a new era of success.
 
“With an illustrious Career spanning several decades in the Banking and Finance Sector, Aig-Imoukhuede has proven to be an exceptional and influential Leader.
 
“Having admirably laid a solid Foundation for Access Bank’s success as Group CEO between 2002 and 2013, ably supported by his Partner and Deputy, the late Herbert Wigwe, who later succeeded him.
 
According to him, under Aig-Imoukhuede’s Leadership, Access Bank experienced remarkable growth and established itself as a trusted Financial Institution within the Community.
 
The Company Secretary noted that the Bank transformed from a minor player into one of Nigeria’s top five Banks with presence in nine other African Countries and the United Kingdom.
 
Ekwochi revealed that under Aig-Imoukhuede’s Stewardship, Access Bank grew its Customer Base from 10 thousand to over six million with more than 5,000 Employees and an Asset Base of $12bn.
 
He said Access Bank, under the pioneer Group CEO, achieved numerous milestones and became a Globally recognised name, adding that Aig-Imoukhuede’s strategic Vision, innovative thinking, and deep Market insight were instrumental to shaping the Bank’s success.
 
“Following Aig-Imoukhuede’s retirement as the Bank’s CEO in December 2013, he co-founded the Tengen Family Office Limited. The office oversees a significant Portfolio of Investments and Businesses in Banking, Finance, Insurance, Technology, Real Estate, and Energy.
 
“Through the Aig-Imoukhuede Foundation, he is focused on building Nigeria’s next Generation of Government Leaders, helping transform Public Sector effectiveness, and improving access to quality Primary Healthcare.
 
“The decision to bring back Aig-Imoukhuede as the Group’s Non-Executive Chairman reflects the Board’s commitment to our Core Values and determination to build upon the strong Foundation, he jointly established with Wigwe.
 
“With his return, Access Holdings aims to leverage his extensive experience, Industry knowledge, and exceptional Leadership Skills to consolidate on the growth and accomplishments recorded under Wigwe’s Leadership.
 
“In his new role as Non-Executive Chairman, Aig-Imoukhuede will collaborate with the Board of Directors to oversee strategy and provide guidance to the Executive Management Team.
 
“His return is not only a testament to his unwavering dedication to Access Group but also a clear demonstration of the Board’s confidence in his ability to lead the Group to new heights,” the Company Secretary said.
 
According to him, the entire Access Group Family, including Employees, Customers, and Stakeholders, eagerly anticipates Aig-Imoukhuede’s return and looks forward to a promising future under his leadership.
 
Ekwochi said that with Aig-Imoukhuede’s expertise, passion, and commitment, the Access Group is poised to embark on a new chapter of impact and sustainable success.
 
In his reaction, Abubakar Jimoh, past Chairman, Access Holdings expressed his excitement on the development.
 
Jimoh stated that Aig-Imoukhuede’s Appointment to the Board and subsequent election as Chairman is a landmark development for Access Holdings, as the Board Members are excited about their future with the Firm.
 
Commenting, Aig-Imoukhuede said he was thrilled to be back in Active Service to the Access Group Ecosystem.
 
He expressed that the determined shared Vision which Wigwe gave everything for, will be realised.
 
“I am confident that working with our Directors, our exceptional Team of Executives and our best-in-class Banking and Finance Professionals, we will deliver outstanding value to our esteemed Stakeholders,” he said.
 
Access Holdings Plc operates through a Network of more than 600 Branches and Service Outlets, spanning three Continents, 18 Countries and over 60 million Customers.
 
The Company serves its various Markets through four Business segments namely: Retail Business, Commercial and Corporate, and has enjoyed what is Africa’s most successful Banking growth trajectory in the last twenty years.
 
Credit NAN: Texts excluding Headlines

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2023 Financial Year: Access Holdings to pay Shareholders N1.80 Dividend

2023 Financial Year: Access Holdings to pay Shareholders N1.80 Dividend
28-Mar-2024 / 54
Access Holdings has revealed plans to pay a final Dividend of N1.80 for every Ordinary Share of 50k to its Shareholders for the 2023 Financial Year.
 
The payment, slated for April 19, will be made electronically and is subject to appropriate Withholding Tax.
 
Sunday Ekwochi, the Company Secretary of Access Holdings, disclosed this in a Notification to the Nigerian Exchange Limited (NGX) on Wednesday in Lagos.
 
Ekwochi clarified that only Shareholders whose names appear on the Holdings Register of Members as of the Close of Business on April 10 would be eligible for the Dividend.
 
Ekwochi said Shareholders who had completed the e-Dividend Registration and mandated the Registrars to pay their Dividends directly into their Bank Accounts would be paid.
 
This proposed Final Dividend brings the Total Dividend for the 2023 Financial Year to N2.10 per Share.
 
The Bank has also released its Full-Year Results for the period ending December 31, 2023, showcasing an impressive 335 per cent increase in Pre-Tax Profit to N729bn from N167.68bn in 2022.
 
The Company also experienced an 87 per cent surge in Gross Earnings to N2.59trn from N1.39trn in 2022.
 
Access Holdings reported a remarkable 306 per cent growth in Profit After Tax to N619.32bn, up from N152.20bn in 2022.
 
Credit NAN: Texts excluding Headlines

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