Meet The Largest Shareholder In Access Holdings

Herbert Wigwe in an expression of strong confidence in the enterprise he oversees, Herbert Wigwe has comfortably become the largest shareholder at Access Holdings Plc.

He attained this feat by cumulative spending an estimated N25.10 billion.

The latest addition to the figure was the 11.25 billion purchase of 1.13 billion shares purchase through Tengen Holdings Limited in a block transaction.

The acquisition was done on April 27, 2023, at the price of N10 per share.

It came on the on heels of an initial but of 567.59 million shares.

SocietyNow.Ng gathered that the development shot up the stake of the 56year old in the financial services group expanding in Europe while leveraging grounded operations in 12 African Countries to 8.13 percent from 4.93 percent.

Those who should reveal that Wigwe’s improved status at Access Holdings also transformed him into a heavy player on the Nigerian Exchange.

Wigwe stepped up from the position of the Chief Executive Officer of one of the top five banks in Nigeria – Access Bank -in May 2022 to embrace higher responsibilities as the overseer at Access Holdings.

Roosevelt Ogbonna – his former deputy – took over the reins as chief executive officer at Access Bank.