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Saturday, December 21, 2013



It was a glorious send off for the outgoing Managing Director/CEO of Access Bank PLC very recently. The bank management in showing how good their outgoing MD was to them didn't spare any expense whatsoever to send off their MD of many years in the person of the bespectacled Mr. Aigboje Aig-Imokhuede at a party that held at the expansive Eko Hotel main hall very recently. 

Many have come out to voice the fact that it  must have been an opportunity for money to be laundered by those that organized the one of a kind shindig for the man that brought so much joy and profit to a bank that many years ago, was not even near the the list of the top 10 banks in Nigeria, but now as the man is leaving the bank that has become one of the top 5 banks in the country in terms of any yardsticks (asset base, profitability, branch network etc) you might want to use to grade the best banks in the country. 


To show that they are not just a brand you can push over any longer, 2 of those that they brought in to celebrate the outgoing MD/CEO are 2 of the biggest personalities in the world.  The first person is one of the most celebrated singer, songwriter, record producer, actress and philanthropist in the world in the person of the extraordinarily gorgeous and gloriously sonorous Mariah Carey, who we heard was at her very best on the night. So good was she on the night as she gave an excellent account of herself, many are still dreaming of a glorious encore even as we speak. For the first class performance it has been speculated that the American singer might have been paid about a million dollars $1,000, 000, that's about N160 million in Naira. Mariah apparently came into the country via a private jet, did what she was paid for and immediately on that same night after her 5-star performance left the shores of this country back to the United States of America. Why such a quick getaway? We cannot just understand, especially after our fantastic reception.

The other big named person that was also part of the activities is none other than the 67 year old former 2 termed President of the United States of America (2001 to 2009), in the person of George W. Bush, the 43rd President of the supposed most powerful nation on earth, the USA. He was the special guest speaker at one of the events organized by the bank. Unconfirmed reports also goes that he was handsomely paid to come in. Though the figure speculated is said to have been between $500, 000 to $1, 000, 000 we doubt it would have been that much. Most probably something between $300, 000 & $500, 000, although his first class flight ticket and 5-star accommodation would have been guaranteed also. The former president's normal speaking fee in America is said to be between $100, 000 & $150,000 dollars, for speaking engagements that's between 20minutes to 60 minutes but since he was coming to Nigeria a supposedly not too safe place to come to, but very rich nation, that fee is most likely to have been doubled or at most tripled to make it easier to make the mind up. 

That's not all oooooo. Remember very very well that to use Eko Hotel alone would have cost them between N10 million & N15 million, this does not include the fee for drinks & food and equipments and other miscellaneous. We can tell you for a fact that one of the main drinks of choice that was served at the event was none other than Dom Perignon Rose Champagne, which we hear is sold in Nigeria for about N100, 000 per bottle (close to $400 dollars per bottle in America).  It was so much at the event, that one of the guests exclaimed that there was about 10 bottles on her table alone. A quick conservative calculation of what might have gone down, 10 bottles per table of 10, multiplied by 150 tables, meaning that if at least 1500 people were guests, at the event it would mean that on Champagne alone close to N150 million might have been spent. Even if only 750 bottles were bought, it means that N75 million would have gone towards champagne alone. 

It didn't just end there. Men!!! All the vendors used for this event would most definitely be having special thanksgiving services at their various churches and mosques already. We heard the goodie bags that each of the lucky guests that came got, couldn't have cost less than N400, 000 par bag. 

Remember there are grades of guests, some more special guests might have even gotten more expensive gifts than those valued at N400,000. So if just a thousand guest got the gift bags, it must just mean that about N400million alone might have gone into making the gifts available.  Wowwwww!!!!

Plus or minus, without calculating some other expenses that are not too glaring, it must mean that Access Bank Plc, one of Nigeria's most profitable banks must have spent nothing less than N500million (Five Hundred Million Naira- Half a Billion) to send off their old boss- Mr. Imokhuede. Hmmmmmmmmmm!!!!!!!!!What a fantastic amount to spend after a meritorious 12 to 13 years at Access Bank. We nearly forgot to mention that there were not less than 7 Governors at the event.

After such a fantastic and profitable stint as the MD/CEO of Access Bank and quitting to a very loud ovation. Many are of the opinion that the next conquest in the life of the astute, brilliant and no nonsense banker is life most probably in charge as the next Central Bank Governor of Nigeria. 2 others also said to be in consideration for the post are the duo of the Group MD/CEO of First Bank PLC, Mr. Bisi Onasanya & the other person is none other than the MD/CEO of Asset Management Corporation of Nigeria (AMCON), in the person of Mr. Mustafa Chike-Obi.


t said...

Una sabi gossip shaaaa

Anonymous said...

If Aig the cowboy does not get CBN job, he would die! Yes, its a do or die affair for him. Awon ti o serious.

Anonymous said...

He will not get the CBN job.

Anonymous said...

For sure naa... He would not get the job.

Anonymous said...

Na wa o

Anonymous said...

And the bank is owing other vendors that have rendered services to the bank in 2013 for more than 6 - 9 months . And they claim to be hosting leadership conference . Smh

Anonymous said...

Na wao ! This spending spree maybe na bcos of christmas!