Herbert Wigwe, Aig-imoukhuede Co-own 64 Million Stake, Report Shows

Herbert Wigwe and Aigboje Aig-Imoukhuede jointly own a 64.5 million stake in Access Holdings Plc through four corporate entities.

The two banking leaders' shares, totaling 4.82 billion, are valued at N103.6 billion 64.5 million and promise N9.9 billion 6.2 million in dividends.

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In the wake of a high-stakes dispute surrounding the estate of the late Nigerian banker Herbert Wigwe, new financial disclosures have illuminated the enduring legacyand substantial fortunehe shared with his longtime business partner, Aigboje Aig-Imoukhuede.

According to the recently released annual report from Access Holdings Plc, the two banking titans jointly own a significant 64.5 million stake in the financial behemoth they co-foundedone of the most substantial private co-ownerships in Nigerias banking industry.

The report, which emerges amid a bitter legal contest involving Wigwes family, reveals that the late banker and Aig-Imoukhuede collectively hold 4.82 billion shares in Access Holdings through four corporate entities: United Alliance Company of Nigeria Ltd, Trust and Capital Ltd, Coronation Trustees Tengen Mauritius, and Tengen Holdings Ltd.

Each of these entities represents more than just investment vehiclesthey are architectural pillars of the Access empire, constructed during the duos transformative two-decade partnership that saw a once mid-tier Nigerian bank ascend to continental dominance.

The valuation of these shares, at the time of reporting, stands at N103.6 billion 64.5 million. Of this, United Alliance accounts for 1.06 billion shares, Trust and Capital adds 1.15 billion, Coronation Trustees Tengen Mauritius holds nearly 1.97 billion shares, and Tengen Holdings rounds out the figure with 641 million shares.