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Banking Visionary Herbert Wigwe’s Legacy

Tragic Loss Inspires Continuation of Growth and Excellence

by Oluwatosin Alabi

In an atmosphere of profound shock and mourning, the Nigerian banking community and the nation at large reel from the tragic loss of a remarkable leader and visionary, Mr. Herbert Wigwe, the co-founder and Group Managing Director of Access Holdings Plc. The tragic helicopter crash in the United States that claimed his life, alongside his wife Doreen, and son Chizi, has cast a shadow of sorrow over an illustrious career and a life dedicated to excellence and transformative leadership. This calamity also took the life of Abimbola Ogunbanjo, the Group Chairman of Nigerian Exchange Group Plc (NGX Group), further deepening the grief within the Nigerian corporate sphere.

The tragic incident has sparked a wave of tributes and condolences from across the globe, underscoring the vast impact Wigwe had on both the banking industry and beyond. Figures such as Ngozi Okonjo-Iweala, the Director General of the World Trade Organization, and Peter Obi, the 2023 presidential candidate of the Labour Party, alongside former Vice President Atiku Abubakar, have expressed their deep sorrow and acknowledged the indelible mark left by Wigwe and his family.

Wigwe’s foresight and dedication were evident in his final message shared on social media, reflecting on the preciousness of life and the importance of living with purpose and gratitude. His untimely demise has not only robbed the banking sector of a giant but has also left a void in the hearts of those who knew him personally and professionally. His contributions to the banking industry, characterized by innovative leadership and a commitment to growth and excellence, have been pivotal in shaping the trajectory of Access Bank, transforming it into a powerhouse in the African banking landscape.

Under Wigwe’s stewardship, Access Bank saw unprecedented expansion and growth, establishing itself as Sub-Saharan Africa’s largest retail bank by customer base. His strategic vision propelled the bank’s African strategy, fostering a legacy of operational excellence and sustainable growth. Moreover, Wigwe’s involvement with various boards and charitable organizations highlighted his commitment to societal development and his belief in the power of banking to effect positive change.

The Access Holdings Plc family, led by Chairman Mr. Abubakar Jimoh, mourns the loss of Wigwe, recognizing his unparalleled contribution to the organization and the banking sector at large. The board remains committed to continuing Wigwe’s legacy, with plans to appoint an Acting Group Chief Executive Officer to steer the group towards future achievements, honoring Wigwe’s vision and dedication.

The tributes pouring in from political leaders, industry titans, and international figures attest to Wigwe’s stature as a beloved leader, a visionary banker, and a philanthropist. Governor Babajide Sanwo-Olu of Lagos State and Senate President Godswill Akpabio, among others, have acknowledged his exceptional contributions to the banking industry and the Nigerian economy. Their messages of condolence reflect a shared sense of loss and a collective mourning for a figure who was much more than a banker; he was a catalyst for change, a mentor, and a friend to many.

As investigations by the Federal Aviation Administration and the National Transportation Safety Board into the crash continue, the focus remains on celebrating Wigwe’s life and contributions. His legacy is not just in the institutions he built and the lives he touched but also in the inspiration he leaves behind—a testament to the power of visionary leadership and the indomitable spirit of human resilience and dedication.

The passing of Herbert Wigwe, his family, and Abimbola Ogunbanjo is a stark reminder of the fragility of life and the impact of a single individual on the lives of many. As the banking community, the nation, and the world mourn their loss, the enduring legacy of Wigwe’s leadership, philanthropy, and vision for a better world remains a beacon of hope and a call to action for future generations. His life’s work, characterized by a relentless pursuit of excellence and a deep commitment to societal improvement, will continue to inspire and guide the path forward for the banking sector and beyond.

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