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Showing posts with label ACCESS BANK. Show all posts
Showing posts with label ACCESS BANK. Show all posts

Saturday, February 15, 2020

Herbert Wigwe GROUP MD ACCESS BANK PLC- NIGERIA'S SHARPEST DRESSED & MOST STYLISH BILLIONAIRE BANKER.


Herbert Onyewumbu Wigwe 





The Dandy 




He holds sway and has been the head honcho now for 6 years (since 2014), at Nigeria's most current biggest bank or financial institution, which is Access Bank.

With that unbelievable acquisition of Diamond Bank Plc last year, a bank then that was thought to be one of the top 10 banks in Nigeria and in fact one of the most innovative then, by that action alone Access Bank immediately took the mantle/cake as the number 1 bank in Nigeria without a doubt.

That position had always been what the big boys that took over the then Access Bank, a bank that then was the 65th bank out of 80 plus banks in Nigeria, wanted. And the brains behind the extraordinary feat were none other than Aigboje Aig-Imoukhuede, the former MD who initiated the growth that begun over a decade ago and Herbert Wigwe, the current GMD of 6 years running now, who has consolidated that growth fantastically. 2 supremely brilliant & handsome gentlemen, who after having risen to the positions of directors at the GTBank of then, where they were excellent, as they had proven their mettle. That Gtb then was where Fola Adeola then as MD/CEO and then the late Tayo Aderinokun, later as MD after, Mr. Adeola, had held sway and had shown what could happen when new energy and vivacity and calculated risk and more are pumped into a formerly lethargic sector, great things could happen.

GTBank then was one of the institutions that was the great breeding ground for excellent bankers, who when they leave, go on to to do greater things wherever they might berth later.

So Aig and his colleague and best friend/brother Herbert, resigned their commission then in 2002 to go for pastures new and with good investors backing them then, who were ready to support the 2 exceptionally brilliant men to the utmost, the new frontier they had thought to conquer then was none other than, Access Bank.

And so they began to build in earnest. And gradually and quite steadily too, all others began to take notice as they began to grow and like a little acorn then, steadily well watered and well fed, it began to grow and grow, taking scalps on the way too and after Aig's tenure had ended, having done exceptionally well and positioning the bank for the next level, the captainship of the growing behemoth fell into the hands of the next most capable person, in the person of Mr. Herbert Wigwe, who didn't flinch at all on getting the reins and had in fact been well prepared to step into the role and he began to steer the ship without batting an eyelid.

And with enough gusto and the much needed ability and grace, he has taken what he took over then now to the stratosphere and beyond in only a few years. And on the way too, garnering not a few accolades and prizes too. Bringing excellent innovation to bear and positioning the bank as one of the top 3 best banks in Nigeria and by extension West Africa, in terms of spread (branch network), excellent service delivery, profitability and massive growth. And as the bank has grown in leaps and bound, the 50 something year old brilliant dude has also grown with it too, clearly emerging as either the [richest (wealthiest) banker] in Nigeria today.

For that particular accolade of being the richest or wealthiest. It's a straight battle between him and the chairman of UBA Group, in the person of the philanthropist extraordinaire, Mr. Tony Elumelu, who has dazzled all comers in no small measure with his incredible Tony Elumelu Foundation, which has taken Africa by storm. Impacting excellently on the lives of the youths and budding entrepreneurs with great ideas.

That Herbert Wigwe of Access Bank Plc is a certified billionaire is not in doubt. What is not too clear as at now, is how big a billionaire he is. In Naira value, that billionaire status cannot be denied by anyone. It's in hard currency that we cannot yet ascertain appropriately. Whether  he is in the 1 billion dollar plus circle or whether he has transcended that and he is in the 2 billion dollars range?

What we can actually tell you though for a fact is that, the shrewd and fantastically smart banker is a big boy many times over and there's no doubt about that at all.

The schoolmate and good friend of the former Governor of Lagos State, both were in UNN together, who some even consider to also be his business partner, that's talking about Mr. Akinwunmi Ambode, has really without a doubt done very well for himself in the last 3 decades. And at this junction, we must actually ask him to stand up and take a beautiful bow, for a good job well done. Kudos to him.

Talking about his style. Though he favours more of suits 95% of the time, maybe due to his banking background where you are not supposed to be too in your face (unnecessarily flamboyant) as that causes alarm (raises a red flag🚩) bells to ring. But we can tell you for nothing that, those his suits, his shoes and his accessories like wrist watches (especially wristwatches) and cufflinks and even belts are not for small kids at all. For that though you cannot blame him at all. It's actually one of those little things that someone who has worked really hard, should enjoy. They call such things, perks of the office.

Those suits alone could be for as little as a thousand dollars each ($1000-N360,000). So at just a sitting alone, Mr. Wigwe would be worth or valued at not less than a million Naira and it could be far far more, when you factor in the type of wrist watch and other top scale accessories he could be wearing.

Like his predecessor, Aig-Imoukhuede, who we know for a fact as a real estate investor of no small feat, as his house, sorry exquisite home in London on a good space of land, testifies to his excellent taste and also his properties in Lagos here, in Ikoyi to be more precise adds to that impeccable taste. Mr. Wigwe too from what we hear, has some solid investments too, that would leave the mouth open in awe.

Back again to his standout style. So he likes suits a whole lot, that we see or assume to be understated, but it's only when you know that you know that those suits, are not for pikins like we have already stated above. At the annual International Polo meet that Access sponsors in London last year in 2019 to be more precis. An annual top scale charity even, where they try to raise money annually for projects for the less privileged one, his immaculate and quite colourful and cheery summery ensemble that he wore over the 2 days that he hosted guests, which included the Emir of Kano, his excellency Muhammadu Sanusi II, were a delight to behold. And a few times also, when he even ventures to wear traditional outfits, they always look quite impeccable on him too. Showing he is an all rounder stylish dude.

This exceptionally dandy banker with no equal, has actually lived true to his name, as Herbert is a name of German origin which actually refers to one that is an illustrious warrior and bright. Truth be told, this Herbert is bright.

The 53 year old lion (he is leo born on August 15) who would be 54 this year, is married with kids (4kids). He is Ikwerre from Rivers State. He has an Accountancy degree (Bachelor) from UNN, where he and Ambode met. He also has an MA (Master of Art) in Banking and Finance from the University College of North Wales and an MSc (Master of Science) in Financial Economics from the University of London. He is also an alumnus of the Harvard Business School Boston.

For the man who still has atleast 4 more years till the end of his reign/tenure as the boss of all bosses at Access Bank Plc baring all unforeseen circumstances, we are expecting to see far more innovative ideas as his institution consolidates more firmly on her position and also through this too, his own fortune would continue to rise pari passu too as the institution grows.

Maybe in the next half a decade upcoming all things being equal, the new Forbes list of the richest Nigerian around the world would have included the beautiful name Herbert Wigwe too.

Sunday, January 12, 2020

ACCESS BANK REFUTES GMD'S ARREST CLAIM THAT HAD GAINED TRACTION.



Much as the news had gone near viral about the arrest of the hardworking Herbert Wigwe who is the GMD of Nigeria's current biggest financial institution after it had merged with Diamond Bank to now become a banking powerhouse now known as Access Bank Plc, the bank has had come out to vehemently refute the claim of arrest, that it is very very far from the truth.

All of last week and even till this weekend, the news has gone about that the EFCC had arrested Herbert Wigwe. Much as we had tried to get clarification from the right quarters about the supposed arrest, the bank had only subtly said the arrest claim was not entirely true, but even with that, the story had refused to go to sleep, not until the bank had to now officially send out a statement, especially to the Nigerian Stock Exchange to powerfully refute the claim.

See the official statement above signed by the bank's Company Secretary, Sunday Ekwochi.

See the statement sent to the NSE here -

Our attention has been drawn to a trending report on social media regarding the alleged arrest of Mr. Herbert Wigwe, the Group Managing Director of Access Bank Plc (Access Bank) by the Economic and Financial Crimes Commission (“the Commission”).

We wish to state that the issue essentially relates to the credit facilities that were availed Slok Nigeria Limited (“Slok”) by the defunct Diamond Bank plc (“Diamond”) and which were secured by Slok’s assets charged to Diamond. Access Bank had inherited the Slok credit following the recent merger of Diamond with Access Bank.

Given the differing interest of the Commission and the Bank on the assets of Slok deriving from the court’s recent judgment on Slok, the Commission had invited for interrogation officials of Access Bank who were handling the Bank’s recovery efforts on Slok credit including its Group Managing Director.

Following fruitful engagement between the Bank and the Commission, we are of the opinion that the issues relating to Slok investigation have been resolved.

As an institution built on best practice, we wish to assure our esteemed stakeholders that the Bank will continue to conduct its business in line with extant laws and relations

Sunday Ekwochi

Company secretary

Tuesday, January 23, 2018

WHERE IS THE GREAT JIDE OMOKORE?

Otunba Jide Omokore
The man affectionately referred then to as the "godfather", the "moneybag of moneybags", the "blesser of people" (this man's gifts to those he is pleased with her legendary), the one who taught many wealthy men how to enjoy and spend money or how to put good money, immense amount of money at that to extraordinary use, the good friend and partner of the nouveau rich man par excellence, the 'extra terrestrial Kola Aluko" the one we would love to refer to as the "the lord of money", the ultimate wealthy man who many many legends were spawned around, seems to have disappeared into thin air.  Gone are the days when no week goes by that one wouldn't have heard something extraordinary about him. He seems to have gone into oblivion!!!! This was one of the few that even Forbes magazine described as "Top 10 Nigerian multimillionaires you have never heard of".

Even the well known brand SPOG Petrochemical, one of the best known out of the severals of the brands he owns and used to control has gone totally quiet too! Unlike in the heydays, no week goes by without hearing SPOG this, SPOG that!

In fact, even his wife, Angela the "thorough bred professional" who at a time some speculated should have taken over at Access Bank as the CEO (she was a director at the bank at a point) has gone totally off the radar too, living a more quiet existence. Gone seemingly are those days, when things used to standstill in deference to this gorgeous lady known to be a "finicky shopper & privileged shopper", the legend then was that even Selfridges and Harrods recognised her and that Chanel knew her as a preferred client!

At the height of the prestige and benevolence of Chief/Otunba Jide Omokore, the billionaire from Kogi State (from Isanlu town, the HQ of Yagba LGA), the man literally and single handedly delivered one of the most expensive and most spoken about weddings in Dubai, the United Arab Emirates that got tongue wagging for several weeks. The opulence of the wedding was so humongous, it was staggering. It was speculated then that the wedding could conservatively have cost the moneybag about $8 million dollars! That amount in today's Naira value would have been around ₦2.9billion Naira! His in-law was the then Permanent Secretary Ministry of Petroleum Resources.

Many of our then top politicians, serving government functionaries (state & federal), state Governors, royal fathers, top business owners fell over themselves to attend the "then destination wedding of the year", which even the Arabs saluted as a "sheer display of availability of extraordinary resources".

Imagine that the number of private jets and chartered flights that landed in Dubai at that time from Nigeria and from other guests that came from around the world, was so extraordinary, it was staggering. The play by play of that wedding report is still one of the most well read on this platform till tomorrow.

Imagine a pre-wedding shindig that was at the legendary "Cavalli Club Dubai" and everything was said to have been literally "on the house"! Even Wizkid, Naeto C, Deejay Jimmy Jatt and other artistes/entertainers were flown in to perform, including Godbless & the Eboni band! The weekends of June 7th to the 9th of 2013 was colossal by all standards then.

Guests that were lucky to have entered the JW Marriott Marquis the venue of the wedding, where 2 floors were completely taken over went home with the best phone as at that time, BB Q10, a complete teaser, B&Q sound system speakers, super luxury towel set, Samsung Galaxy tabs etc!

So now just imagine a man with the kind of resume we have painted above all of a sudden going totally quiet and incognito just as soon as this present administration came on board! Mennnnnnn PMB has obviously stopped a lot of those things that used to keep us titillated!

What a mess! 

Thursday, July 4, 2013

HERBERT WIGWE TO TAKE OVER AT ACCESS BANK

HERBERT WIGWE
AIGBOJE AIG-IMOKHUEDE
So finally all the speculations have now been laid to rest. The take over is going to smooth and without stress. Access Bank's board of directors have ratified the appointment of the bank's current DMD to become the next Managing Director of the bank. 

So come December 2013, when the current MD, Aigboje Aig-Imokhuede would have finalised his exit from the bank after 11 and half years as the boss, his current Deputy, Herbert Wigwe would take over as the GMD/CEO of the award winning bank. 

Mr. Wigwe yesterday was announced as the CEO designate by the bank's Chairman, Mr. Gbenga Oyebode. 

Both the retiring GMD and the CEO Designate left Guaranty Trust Bank over a decade ago to steer the ship of Access Bank. And now that the Aigboje Aig-Imokhuede chapter as the boss is coming to end, a new chapter with Herbert Wigwe as the boss beckons.