Banking

BREAKING: Nigerian bank CEO killed in California desert helicopter crash


Herbert Wigwe, chief executive of Access Bank, was among the six people on board when the aircraft went down shortly after 10pm in Southern California’s Mojave Desert

Herbert Wigwe, chief executive of Access Bank, was among the six people on board when the aircraft went down shortly after 10 p.m

The CEO of one of Nigeria ‘s largest banks was killed Friday along with his wife and son when a helicopter they were riding in crashed near Interstate 15 in Southern California’s Mojave Desert.

Herbert Wigwe, chief executive of Access Bank, was among the six people on board when the aircraft went down shortly after 10 p.m. Bamofin Abimbola Ogunbanjo, former chair of NGX Group, the Nigerian stock exchange, was also killed.




Their deaths were confirmed Saturday by Ngozi Okonjo-Iweala, a former Nigerian finance minister who is now the director-general of the World Trade Organization. “Terribly saddened by the news of the terrible loss of Herbert Wigwe … his wife and son as well as Bimbo Ogunbanjo in a helicopter crash,” Okonjo-Iweala wrote in a post on X, formerly known as Twitter. “May the souls of the departed rest in perfect peace.”

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Their deaths were confirmed Saturday by Ngozi Okonjo-Iweala, a former Nigerian finance minister who is now the director-general of the World Trade Organization

The death of Wigwe, 57, shocked many in Nigeria and in the banking sector. He was widely seen as an industry leader, having been involved in two of the country’s biggest banks, including Guaranty Trust Bank, where he was previously executive director.

Under Wigwe’s leadership, Access Bank’s assets and presence grew beyond borders in several African countries.

His death is “a terrible blow” for Nigeria and Africa’s banking industry, Nigerian presidential spokesman Bayo Onanuga wrote on X. “Wigwe had a big vision to make Access Holdings (the parent company) Africa’s biggest, with all the unquenchable thirst for acquisitions,” Onanuga added.

Wigwe’s interests also spanned the education sector. His private university, founded in Nigeria’s oil-rich Niger Delta region where he was from, is scheduled to open in September. Last year he said the university was “an opportunity for me to give back to society.”



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