#herbertwigwe

Otedola recounts his last moments with late Access Bank CEO, Herbert Wigwe Following the tragic demise of the Access Holdings CEO, Herbert Wigwe, the businessman oil mogul, Femi Otedola recounts the last moment he shared with the banker. Herbert, his wife, son and others lost their lives in a tragic helicopter crash in the United States on February 10, 2024. Femi Otedola in a post via X platform mourned the loss of Otunba Abimbola Ogunbanjo, Access Holdings CEO Herbert Wigwe, as well as his wife and their first son. According to him, the last moment shared with the family was two weeks ago at their new house, alongside the businessman, Aliko Dangote. Sharing a photo, he wrote; “I am shocked and saddened to hear of the loss of a banking genius Herbert Wigwe, his dear wife Chizoba and first son Chizi. Exactly two weeks ago Herbie and his wife hosted myself and Written by kelechi ofor

SAD END! Access Bank Boss, Herbert Wigwe, Wife, Son, Abimbola Ogunbajo, Died In A Helicopter Accident   Herbert Wigwe, the group chief executive officer of Access Holdings Plc, was involved in a helicopter crash in the United States, on Friday. The Chopper crashed and killed him and five others in California. Sources said the chopper was headed to Las Vegas when it crashed near a border city between Nevada and California on Friday night. The US government confirmed all on board dead. Wigwe, his wife, and son were in the helicopter when it crashed in California near the Nevada border, as well as Abimbola Ogunbanjo, the group chairman of Nigerian Exchange Group Plc (NGX Group). Six passengers were onboard, however, no survivors found so far. Written by kelechi ofor

PLEASE BE CAREFUL Did People Die In Anambra After Receiving Calls From Strange Number, +666999? .............. A video has surfaced online showing people mourning over dead bodies laid on the grass.The video being shared on WhatsApp shows corpses of children and adults lying on the ground with their loved ones crying over them. Those said to have narrowly escaped death can also be seen receiving medical attention. According to a voice in the video, those being mourned died in Nnewi, Anambra state after they picked calls from a phone number which starts with +666999. “Good morning, ladies and gentlemen, I don’t understand what is happening in this country anymore. “This is the latest news we hear nowadays, there is a particular number that calls people now, when you pick up the call, they use it to kill people. Yesterday, they used the number to kill 100 people in Nnewi,” the voice said in Pidgin English. “Please when you hear this voice note, send it, pass it on to others. When this number calls you, please don’t pick it up. The number is +666999, please if this number calls you, don’t pick it up.” The voice also urged people to share the video with their loved ones so they can be in the know. A close look at the video shows that it was shared from a TikTok account named G Best. GUYS, WHAT DO YOU THINK? ....... #isiokpo #privateuniversities #riversstate #accessbank #herbertwigwe ............. LINKS YOU MIGHT LIKE ( OPTIONAL TO CLICK) 1. Visit My Blog For More News : www.edesononlinenews.com 2. I Register Business Names, Limited Liability Company, NGO, Social Clubs, etc At Corporate Affairs Commission. I Do Nationwide Newspaper Publication. 08136125128. 3. I Design Websites, Blogs & Graphics. I Publish Apps On Google PlayStore. 4. Know More About My Products And Services On My Company Website: www.edesoninfotech.com.ng 7. Connect With Me On LinkedIn : linkedin.com/in/endy-edeson-54a55819b 8. Follow Me On Twitter : twitter.com/endyedesonnews (at Lagos, Nigeria) https://www.instagram.com/p/CigIeSrMpL6/?igshid=NGJjMDIxMWI=

Billionaire Access Bank CEO Herbert Wigwe To Build University In His Village Isiokpo Ikwerre, Rivers State ........... Chairman of the Nigerian Young Professionals Forum (NYPF) Mr Moses Siloko Siasia has commended the CEO of Access Bank, Dr Herbert Wigwe on his proposed plans to build a world-class University in Isiokpo Community, Ikwerre Local Government Area of Rivers State, Nigeria. In a statement issued over the weekend in Abuja, the NYPF Chief lauded Dr. Herbert’s decision to set up a University in his hometown. He affirmed that the feat is a very uncommon decision taken by one those who are the big wigs from the oil-rich Niger Delta Region. Mr Siasia commended the Access Bank CEO for choosing to invest in the education sector which he said, will improve the human and educational capacity of those from the region and Nigeria at large. While he urged other elites from the region to emulate the initiative, Siasia noted that “education is the best investment that anyone can have in life”. “If others are doing the same thing, the region would have been more advanced than what it is today,” he added. According to Siaisia, the proposed University will further help in reducing the activities of youth restiveness, oil theft, militancy, and other social vices that the region’s youths engage in. “One cannot dispute the enormous economic activity that educational investment will bring to the ancient community of Isokpo,” Mr Siasia stated. ODW reports that the Access Bank Chief recently informed that the inaugural academic session of the University will begin in September 2024. He also noted that once the institution is fully operational, residents around the University and its environs will enjoy uninterrupted electricity supply. GUYS, WHAT DO YOU THINK? ....... #isiokpo #privateuniversities #riversstate #accessbank #herbertwigwe ............. LINKS YOU MIGHT LIKE ( OPTIONAL TO CLICK) 1. Visit My Blog For More News : www.edesononlinenews.com 2. I Register Business Names, Limited Liability Company, NGO, Social Clubs, etc At Corporate Affairs Commission. I Do Nationwide Newspaper Publication. 08136125128. (at Lagos, Nigeria) https://www.instagram.com/p/Cif70tOsaJT/?igshid=NGJjMDIxMWI=

Access Bank’s assets are exposed to a fall in oil prices and a depreciation of the naira. This is the finding reported in a report by a topmost rating agency, Moodys. “Access’ asset quality remains vulnerable to an oil price decline or a depreciation of the naira, the local currency, because of its high exposure to the cyclical oil and gas sector and foreign currency-denominated loans,” the report said. Sighting Access bank’s nine-month result which was released on September 9, Moodys said 30 percent of the lender’s gross loan was owned by debtors in the oil and gas sector. These debtors are also responsible for more than half of the bank’s none performing loans (NPL’s). The rating agency also noted that 35 percent of the financial institution’s loan book was denominated in foreign currencies, which is "exposing the bank’s clients that do not earn foreign currency revenue to high risk of default on their foreign currency loans". Moodys also observed that Access Bank’s net value reduced from 10 percent to 9 percent. This implies a 1 percent drop in the size of what a shareholder can receive when the commercial lender’s total assets are deducted from its total liabilities – an indication of the bank’s value. The report noted that the expected net value of shareholder equity to asset ratio of a bank of Access’ standing, should be a minimum of 13 percent. Moodys, however, observed that the bank had reduced its NPL’s to 6.4 percent, despite absorbing a huge NPL portfolio of 40.4 percent from Diamond Bank, which were not fully provisioned for. The firm stated that the NPL ratio of the newly merged institution dropped from 14.1 percent as of January 2019 to 6.4 percent as of June 30, 2019. Moodys also noted that the bank increased its covering for NPL’s which would allow it to take out more bad debt in the coming future. “A lower NPL ratio will provide the bank with room to grow its assets, supporting revenue growth,” Moodys said. The firm also observed that the institution’s net interest margin (NIM) improved from 5.6 percent to 7.6 percent between June 2018 and June 2019. This implies that there was an improvement in the investment decisions of the bank when compared to its debt standing. In all, Moodys described the bank as being solvent. Read the full article