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Tinubu, Peter Obi, NESG, Others Mourn Wigwe, Ogunbanjo, Others

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President Bola Tinubu, has expressed deep shock at the sudden death of Herbert Wigwe, group managing director of Access Holdings Plc; Abimbola Ogunbanjo, former group chairman of the Nigerian Exchange Group Plc, and Wigwe’s wife and son.

They died in a helicopter crash in the State of California, in the United States of America, on Saturday.

Peter Obi, the presidential candidate of the Labour Party in the 2023 general election, described the death of Wigwe and Ogunbanjo as “devastating”.

Tinubu, in a statement by Ajuri Ngelale Presidential Spokesman, called their deaths “an overwhelming tragedy that is shocking beyond comprehension.”

The President, in his condolence message to their families, the business community, and all those impacted by this harrowing incident, prayed for the peaceful repose of the departed and asks God Almighty to comfort the multitude of Nigerians who are grieving and the families of the deceased at this deeply agonising moment.


Obi said on social media platform X: “I’m deeply saddened by the tragic news of the passing of my dear friend, Mr. Herbert Wigwe, CEO of Access Holdings, along with his wife and son, and another close friend, Abimbola Ogunbanjo, former group chairman of NGX Group. This loss is profoundly felt across the nation.

“I first met Herbert during his early days, on the brink of starting his marital journey. I vividly remember assisting him in preparing for his traditional wedding and being there for the ceremony with his wife, Chizoba, from Achina, Anambra State.

“Since then, I’ve maintained a connection to his endeavors in my own modest ways. Herbert, a determined and forward-thinking individual, led Access Bank to new heights following his brother Aigboje Aig-Imoukhuede. His noteworthy contributions extended beyond the professional realm, with commendable philanthropic efforts in health and education, exemplified by the establishment of Wigwe University, showcasing his deep commitment to education as a driver of development.

“The loss of such an exceptional individual reminds us of life’s fleeting nature, encouraging us to live with a purpose that contributes to the betterment of humanity.

“My heartfelt thoughts and prayers are with Herbert, his beloved wife, his son, and all those who lost their lives in the tragic plane crash. May God grant them eternal rest and provide strength to Herbert’s family, Access Holdings, and all of us mourning this irreplaceable loss.”


Obi lamented that the unfortunate incident meant he would miss the final match of the AFCON cup, between Nigeria and Cote d’ Ivoire.

Tayo Aduloju, chief executive officer of Nigerian Economic Summit Group, said the “painful, sudden, shocking finality overwhelmingly weight of the irreparable and irreplaceable loss” has left the entire country, the African and Nigerian business community and the NESG networks and communities mourning.

He said: “The late Dr Wigwe, CFR epitomised leadership excellence, impact and visionary institutional transformation that took a small bank and transformed it along with a rare crop of business executives into an African financial services giant.

“Ogunbanjo was the former group chairman of the Nigerian Exchange Group. For those who do not know him, he was one of our country’s foremost champions of sustainable corporate governance and financial inclusion. His vision of our six decades of stock exchange was to transform it into one that ‘reduced the number of adult Nigerians who are excluded financially and give them the ability to make well-informed financial decisions’.”

Femi Otedola, chairman of Geregu Power Plc, said he was shocked and saddened to hear of the loss of “a banking genius Herbert Wigwe, his dear wife Chizoba and first son Chizi”.

He said on X: “Exactly two weeks ago, Herbie and his wife hosted myself and Aliko to dinner at his newly built home in Lagos. I will cherish and fondly remember my memories of time spent together with him over the years.

Herbie, we will all miss you. Your leagcy will live on forever. My heartfelt condolences go out to his children Tochi, Hannah and David. I pray God comforts them during this tragic time.”

Tony Elumelu, chairman of United Bank for Africa Plc, described Wigwe and Ogunbanjo as “great lights” and “true patriots”.

He said: “Nigeria, indeed Africa, has lost two of our brightest minds. I admired them both and we all shared the desire to drive Nigeria’s transformation.

“Herbert was an exceptional talent, committed to advancing the banking and financial sector in Nigeria, with Access Holdings. Likewise, Bimbo’s tenure as Group chairman of the NGX group was distinguished by excellence.”


He said their leadership and entrepreneurial drive would continue to serve as shining examples to millions of young people.

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Petrol Subsidy Removed To Provide Resources For Infrastructure Investments — Tinubu

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President Bola Tinubu has said that the removal of petrol subsidy in May 2023 was designed to free up resources for investment in critical infrastructure.

The President spoke on Tuesday when he declared open the 17th Annual Chartered Institute of Bankers of Nigeria (CIBN) Banking and Finance Conference held in Abuja.

“Though painful in the short term, the removal of fuel subsidies is designed to free up budgetary resources for critical investments in infrastructure and social services, frequent adjustment of the monetary policy rate, a move aimed at curbing inflation and fostering a more market-oriented exchange rate system,” he said.

Tinubu, who was represented at the event by his deputy, Vice President Kashim Shettima, described this year’s theme for the CIBN Conference, ‘Accelerating Economic Growth and Development: The State of Play and the Way Forward,’ as both timely and imperative.

Listing the challenges to include high inflation, rising costs of living, unemployment, infrastructure deficits and effects of global economic shifts, the President observed however that the challenges also present opportunities for growth and development.

“This theme will enable us to evaluate where we stand as a nation, understand the root causes of our economic challenges, and explore actionable strategies to accelerate growth and development sustainably and inclusively,” he noted, according to a statement by presidential spokesman Stanley Nkwocha.

“We have taken bold steps to reform the macroeconomic environment. Our focus is on restoring confidence in the Nigerian economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management.”

The President also noted that his administration is committed to strengthening infrastructure development in the ongoing bid to grow Nigeria’s economy.

“We are committed to upgrading Nigeria’s infrastructure to support economic growth. We are investing in roads, railways, and energy projects through public-private partnerships to reduce transportation costs and improve market access,” he said.

Tinubu, ex-Lagos governor, removed petrol subsidy on May 29, 2023, when he assumed office as Nigeria’s president. The pump price of the premium commodity jumped from around N200/litre to over N1,000/litre.

The singular decision of the President has been criticised by many Nigerians including labour unions as over 200 million residents of the country battle unprecedented high cost of living and inflation

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Ajaero Can’t Go To London Without Talking To Wanted Briton – Ex-DSS Director

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A former Assistant Director of the Department of State Services (DSS), Dennis Amachree, says labour leader Joe Ajaero is under investigation for alleged terrorism financing and related offences and is not supposed to leave Nigeria.

“There is an ongoing investigation, he (Ajaero) cannot leave the country,” Amachree said on Channels Television’s Politics Today programme on Tuesday. “Let him remain in the country whilst investigations are going on.”

“For terrorism financing which he (Ajaero) has been accused of, and which is under investigation, he cannot leave the country. Even if he is leaving the country, where is he going?

“Remember, the main man (Andrew Wynne) that was suspected of financing terrorism is his tenant and I don’t think Ajaero is going to go to London without talking to that person because he is in London running his mouth,” Amachree said.

The ex-DSS director said the person of Ajaero is different from the office of the president of the Nigeria Labour Congress (NLC) which he currently occupies. He said Ajaero is being investigated on a personal note and not as NLC boss.

Amachree said Ajaero must have been on the watch list of security agencies for him to be stopped and picked up at the Nnamdi Azikiwe International Airport in Abuja on Monday morning.

The former DSS director alleged that the labour leader could have fled Nigeria like wanted Binance executive Nadeem Anjarwalla if allowed to travel to the United Kingdom on Monday.

“Joe Ajaero has a terrorism case to answer and he is not above the law,” he said, adding that the intelligence agencies in Nigeria should be doing everything to repatriate Wynne from Britain to Nigeria.

The secret police arrested Ajaero on Monday morning and released him around midnight.


The labour leader was on his way to the United Kingdom on Monday for a Trade Union Congress (TUC) event when he was arrested at Abuja airport.

The labour leader said though he was detained by the DSS, some police officers also came around to grill him at the DSS office in Abuja over the #EndBadGovernance nationwide protests that took place in August.

Ajaero said he was quizzed over alleged terrorism financing involving Wynne, who has been declared wanted by the police. Both Ajaero and Wynne denied all the allegations levelled against them by security agencies.

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Ajaero: Presidency Rejects Rights Violation Claims By UK TUC

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The Presidency on Tuesday faulted human rights violation claims levelled against it by the Trade Union Congress (TUC) in the United Kingdom.

In a statement, presidential spokesman Bayo Onanuga said Nigeria Labour Congress (NLC) President Joe Ajaero is not above the law and should have honoured invitations by security agencies for alleged terrorism financing.

The labour leader was on his way to the United Kingdom on Monday for a TUC event when he was arrested by secret police at Abuja airport. He was released 15 hours later on the same day.

Onanuga alleged that Ajaero snubbed the invitation of a law enforcement agency conducting an ongoing investigation and rejected the accusation of rights abuse by the UK TUC.

“Clearly, under the Constitution of the Federal Republic of Nigeria 1999 (As Amended), no person is above the summons of law enforcement agencies and lawful investigation. Like the United Kingdom and other civilised nations, Nigeria is a country of law governed by the Constitution.

“We, therefore, reject any notion and allusion to human rights violations in Nigeria. The accusations made by the Trade Union Congress in the United Kingdom are, thus, unfounded and based on a misunderstanding of the situation.

“Besides, the Nigerian Government is being led by a pro-democracy activist president who will do everything to protect civil liberties and the rights of all citizens.”

The NLC president had honoured police invitation over allegations of terrorism financing in late August, insisting on his innocence.

Ajaero was previously arrested last November in Imo State when he was about to lead a protest over unpaid workers’ salaries, amongst others.

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