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Leaders, Associates Celebrate Herbert Wigwe at First Year Memorial
Eminent Nigerians and Global Leaders on sunday evening, remembered banking icon Herbert Wigwe in an evening of tributes and celebration of his life and legacy. It was the first anniversary of his passing in a helicopter accident in Southern California on February 9, 2024. He died along with his wife, Doreen, son Chizi and friend, Abimbola Ogunbanjo.
The four-hour memorial service, held at the ballroom of the Eko Hotel, Victoria Island, Lagos, also featured prayers, musical performances and ministration by Lagos preacher, Pastor Itua Ighodalo. There was also a keynote lecture by the Prime Minister of Barbados, Ms Mia Mottley. Former President Olusegun Obasanjo, in a tribute, described Wigwe as a quintessential banker and business leader who made immense contributions to the growth of Nigeria’s banking industry.
Recalling his numerous engagements, travels and works with Wigwe, Chief Obasanjo noted that the late banker had taken Access Bank as a small lender in 2002 to a global business empire. Obasanjo’s tributes were read by Bolaji Agbede, the acting Group Chief Executive of Access Holdings, the parent company of the bank and other subsidiaries.
President Bola Tinubu said Wigwe’s pioneering legacy in business and finance is a testament to the uncanny ability of Nigerians to overcome obstacles and excel in their chosen fields.
The President, who was represented by Finance Minister Olawale Edun, commended Wigwe for founding a university which is poised to make enormous contributions to higher education in Africa. President Emmanuel Macron of France described the late Wigwe as a master of the art of business diplomacy – a relatively new field that seeks to adapt the skills and mindset of the government diplomat to the needs of the firm he leads.
Macron noted that as President of French-Nigeria Business Council (FNBC), Wigwe had used the platform to promote bilateral relations between the two countries. President Macrons’s statement was read by a senior diplomat at the French Embassy in Abuja. In a keynote lecture delivered extempore, Prime Minister Mottley of Barbados regretted the loss of important correspondent banking relationships (CBRs) during the 2009 financial crisis by banks across the Caribbean and noted that her country has risen to the challenge.
A correspondent banking relationship (CBR) is a bilateral arrangement between banks, often involving a reciprocal cross-border relationship in multiple countries. The arrangement involves one bank (the correspondent – for example a major international bank) providing a deposit account or other liability accounts, and related services, to another bank (the respondent – for example a bank located and doing business in the Caribbean, or Nigeria or any other country).
The Prime Minister announced that Access Bank would soon commence banking business in Barbados once the necessary regulatory approvals have been concluded.
The Prime Minister recalled her fond memories of Herbert Wigwe as a consummate international business icon and recollected that King Jaja of Opobo was exiled to her country by the British colonialists in the 17th century for refusing to implement a nefarious British tax policy and obstructing the colonialists’ commercial and political expansion. Ms Mottley was particularly excited that Opobo is a community in the present day Rivers State, Wigwe’s home state; and she tagged on that to create a pun. ‘’Tochi’’, she called out to Wige’s daughter, now the eldest child, who was also seated in the front row with the rest of the family, “you will soon come to Barbados; but not as an exile’’.
The audience laughed. Lagos State Governor, Babajide Sanwon-Olu gave an impassioned and heartfelt tribute, describing Wigwe as ‘’larger than life person, who was a builder of people; ideas and fortune’’.
Sanwon-Olu described Wigwe as brave and courageous.
His words: “Where others hesitated, Herbert moved. Lagos has felt his absence. Across the state, his legacies abound’’.
He mentioned a few of such legacies as the renovated National Arts Theatre; Access Bank Lagos Marathon and the triumph over Covid-19.
One of the high points of the evening was Aigboje Aig-Imoukhuede’s emotional tributes in which he said that his partnership and friendship with Wigwe endured for so long due to the trust they had in each other. ‘’I was never, for once, afraid that Herbert was in the room, closing deals, when I was not there; and vice versa’’, he said, eliciting a prolonged applause. He announced that despite malicious publications in the social media, he would never abandon Herbert Wigwe’s children.
“Tochi; Hannah; David; Okachi, you are mine; just as my children were your dad’s children when he was here with us’’, Aig-Imoukhuede said, to the applause of the audience, some of whom were already tearing up.
“They’re irreplaceable’’, he said, referring to the departed.
“Herbert is irreplaceable as a friend; he is irreplaceable as a partner’’.
Two of Chizi’s friends, Rasheed Sarumi and Tunde Ogundare, also gave emotional tributes to him; while Linda Petinrin and Queenette Allagoa remembered the late Chizoba Wigwe in emotional tributes. Ambassador Idaere Gogo-Ogan (Herbert’s longstanding friend); Roosevelt Ogbonna (CEO of Access bank Plc); Uche Wigwe (Herbert’s cousin and trustee of Wigwe University) and David Wigwe (Herbert’s son) also gave stirring homage in what was clearly an evening of mixed emotions and celebrations of beautiful lives lost.
Other dignitaries at the event were Chairman of THISDAY Arise Media Group, Prince Nduka Obaigbena; Mr. Paul Usoro, SAN and chairman of Access Bank Plc; Emir Kano, Mohammed Sanusi II; Prof Benedict Oramah, President of Afrexim Bank; Former CEO of GTBank, Fola Adeola; Ben Akabueze, former DG of Budget Office of the Federation; executives and staff of Access Bank Group.
During a dinner after the memorial service, Prince Ogbaigbena formally presented THISDAY Lifetime Achievement Award for Herbert Wigwe to Tochi Wigwe.
The Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, has filed contempt charges against the Senate President, Godswill Akpabio, and others over her six-month suspension without pay from the Senate.
Others listed in the Form 48 contempt charge, filed before the Federal High Court in Abuja and sighted on Thursday, include the Clerk of the National Assembly and the Chairman of the Senate Committee on Ethics, Privileges, and Code of Conduct, Senator Neda Imasuen.
It will be recalled that Justice Obiora Egwuatu of the Federal High Court in Abuja, on 4 March, while delivering a ruling on an ex parte motion filed by Senator Akpoti-Uduaghan through her legal team led by Mr. Michael Numa (SAN), restrained the Senate Committee on Ethics, Privileges, and Code of Conduct from proceeding with any investigation against the plaintiff/applicant.
This investigation related to alleged misconduct following events that occurred during the Senate plenary session on February 20, 2025 and a subsequent referral on February 25, 2025.
The court’s order was to remain in effect pending the hearing and determination of the motion on notice for an interlocutory injunction.
The court also issued an order directing the defendants to show cause why an interlocutory injunction should not be granted to restrain them from proceeding with the purported investigation against Senator Akpoti-Uduaghan for alleged misconduct, as such actions would affect her privileges as stipulated in the Constitution of the Federal Republic of Nigeria 1999 (as amended), the Senate Standing Order 2023, and the Legislative Houses (Powers and Privileges) Act.
Additionally, the court declared that “any action taken during the pendency of the suit is null, void, and of no effect whatsoever.”
The Court granted Akpoti-Uduaghan permission to serve the originating summons and accompanying documents on all defendants through substituted means, such as delivering them to the Clerk of the National Assembly, cited as the 1st Defendant, or by pasting them on the premises of the National Assembly and publishing them in two national dailies.
However, just two days after the court’s ruling, the Senate proceeded to suspend Senator Akpoti-Uduaghan for six months.
In response to the court order, the Senate President contested the power of the court to interfere in the internal affairs of the legislature, arguing that the court lacked jurisdiction to intervene in Senate matters.
In her contempt charge, Senator Akpoti-Uduaghan argued that her suspension constituted wilful disobedience to the subsisting court order issued on March 4 stating that an enrolled order of the interim injunction issued by Justice Egwuatu was duly served on the defendants on March 5.
According to Form 48, the defendants/contemnors “deliberately and contumaciously disregarded” the binding directive of the court and “proceeded with acts in flagrant defiance of the authority of the court.”
The court, in a notice of disobedience of a court order signed by its Registrar pursuant to Section 72 of the Sheriff and Civil Process Act 2004, informed the defendants/contemnors of their wilful disobedience to the court order issued by Justice Obiora Egwuatu.
It warned that defying the subsisting order rendered Akpabio, Senator Imasuen, and the Clerk of the National Assembly liable for contempt of court, which could result in their committal to prison.
The immediate-past governor of Rivers State, Nyesom Wike, has bragged that heaven will not fall if the Martins Amaewhule-led House of Assembly p impeaches his successor, Siminalayi Fubara.
At a media parley in Abuja on Wednesday, Wike, who is the Minister of the Federal Capital Territory (FCT), said there is nothing wrong if the lawmakers decide to sack Fubara for alleged impeachable offences including withholding their salaries for months.
The Peoples Democratic Party (PDP) powerbroker said: “If you have committed an offence to be impeached, what’s wrong? Is it a criminal offence? It’s provided in the constitution. Am I a member of the Assembly?
“If you have committed an infraction of the constitution and the Assembly deems it fit to say, you should be impeached.
“I have heard people say: ‘Oh, if they impeach him, there will be a breakdown of law and order’. Rubbish! Nothing will happen.”
Wike said if the Amaewhule-led House wasn’t disposed to peace, the Assembly would have gone on a six-month recess after the Supreme Court verdict.
He rubbished the letter written to the Assembly by Fubara, saying he should have done better.
On Friday, February 28, 2025, the Supreme Court handed a raft of decisions on the protracted political situation in the oil-rich South-South State.
In the judgment delivered by Justice Emmanuel Akomaye, the five-man panel of the court unanimously dismissed the cross-appeal filed by Fubara challenging the validity of the House of Assembly presided over by Amaewhule as the Speaker.
In dismissing Fubara’s appeal, the court ordered Amaewhule to resume sitting immediately with other elected members of the Rivers State House of Assembly.
The apex court barred the Central Bank of Nigeria (CBN), the Accountant General of the Federation, and other agencies from releasing funds to the Government of Rivers State until it purges itself of what the court described as flagrant disobedience to court orders.
Also, the apex court declared the local government election conducted in the state on October 5, 2024, as invalid.
Fubara subsequently said he would fully implement the judgments of the apex court and directed the Rivers State Independent Electoral Electoral Commission (RSIEC) to come up with modalities for the fresh election.
The electoral commission fixed August 9, 2025, to conduct a fresh local government poll in the State.
The Assembly later issued an arrest warrant against RSIEC Chief, Justice Adolphus Enebeli (rtd), over failure to appear before the House.
Furthermore, the Secretary to the State Government, Tammy Danagogo, in a letter dated March 7, 2025, sought a meeting with the lawmakers for March 10, 2025 to discuss the re-presentation of the 2025 budget and a peace talk, but the Assembly asked the governor to channel his invitation properly.
Rivers State Governor, Siminalayi Fubara was on Wednesday denied access to the Rivers State House of Assembly quarters, where lawmakers currently hold plenary sessions.
According to a Daily Post report, the governor arrived at the Assembly quarters on Wednesday morning to present the state 2025 budget but was met with a locked gate, preventing his entry.
Fubara had earlier pledged to implement the Supreme Court judgment, which includes the formal presentation of the 2024 budget.
The budget was initially presented to a four-member Assembly faction in December 2023.
Last week, the Assembly issued a 48-hour ultimatum for the governor to present the 2025 budget.
In response, Fubara stated that he was awaiting the Certified True Copy (CTC) of the court judgment before proceeding.
On Sunday, in a letter signed by the Secretary to the State Government, Tammy Danagogo, and addressed to Speaker Martins Amaewhule, Fubara invited lawmakers for discussions on the Supreme Court ruling.
The discussions were expected to cover issues such as the budget presentation and the payment of outstanding salaries to the legislators, amongst other issues to chart a way forward for the state.
