Tributes paid to Herbert Wigwe and Abimbola Ogubajo after fatal helicopter crash

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Tributes have been paid to Nigerian banking titan Herbert Wigwe, founder and group CEO of Entry Financial institution, and former Nigeria inventory alternate chairman Abimbola Ogunbanj, after their premature deaths in a helicopter accident in California.

Six individuals had been killed within the crash on Friday, which additionally claimed the lives of Wigwe’s spouse, Chizoba Wigwe, and son, Chizi Wigwe. The celebration was reportedly on its strategy to Sunday’s Tremendous Bowl NFL sport in Las Vegas, Nevada.

Bola Tinubu, President of Nigeria, led the tributes to the victims.

“I’m shocked and deeply distressed by the information of the passing of Mr. Herbert Wigwe, a distinguished banker, humanitarian, and entrepreneur, and Mr. Abimbola Ogunbanjo, the previous Group Chairman of the Nigerian Change Group Plc, together with members of the Wigwe household – Herbert’s spouse, Chizoba, and son, Chizi. Their passing is an amazing tragedy that’s stunning past comprehension,” he wrote.  

Herbert Wigwe, 57, based Entry Financial institution in 1989. It grew to become the most important financial institution in Nigeria in 2018 after it acquired its most important competitor, Diamond Financial institution. 

In 2021, Wigwe was awarded African Banker’s prestigious African Banker of the Yr award for a second successive 12 months after its transfer into South Africa following its acquisition of Grobank.

On the time of his second award, following a decade of speedy progress which had seen the agency broaden in Kenya, South Africa and Botswana, Entry Financial institution had develop into one of many largest retail banks in Africa with over 40 million clients.

In 2020, African Business sister magazine New African interviewed Wigwe for a special issue commemorating the 60th anniversary of Nigeria’s independence. He talked of his ambitions to develop the financial institution right into a pan-African power.

“We wish to have subsidiaries throughout 22 international locations over the following 5 years, with strategic plans to be current within the main commerce corridors on the African continent…By 2023, Entry Financial institution could have consolidated its place as Africa’s gateway to the world with about 100m clients in Nigeria and extra 20m clients throughout our African subsidiaries,” he predicted. 

“I’m saddened by the tragic demise of Herbert Wigwe, CEO and co-Founding father of Entry Financial institution, his spouse & son. He was a visionary and good banker. Might God consolation your aged mother and father, youngsters, the Wigwe household and the employees and administration of Entry Financial institution. You may be tremendously missed,” said Akinwumi Adesina, president of the African Development Bank.

Abimbola Ogunbanjo, a veteran of Nigeria’s company authorized and capital market industries, served because the president of the Nationwide Council of the Nigerian Inventory Change (NSE) from 2017 to 2021 and because the first group chairman of NGX Group from 2021 to 2022, following the demutualisation of the alternate.

In an announcement, NGX Group stated that his “strategic acumen and dedication had been instrumental in shaping NGX Group’s transformative journey.”

“NGX Group mourns the premature departure of Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe, alongside along with his spouse and son. Bamofin Ogunbanjo’s management has left an indelible mark on our group and the broader Nigerian monetary neighborhood, and his legacy will proceed to encourage us. Dr. Wigwe additionally leaves an unblemished footprint in our personal sector. Our ideas and prayers are with their households throughout this tough time,” stated NGX Group chairman Alhaji Umaru Kwairanga.”The contributions of those two revered leaders to the monetary markets and the general personal sector will probably be remembered, and we’re dedicated to preserving their legacy by upholding the rules of management, innovation, and dedication that they exemplified,” stated Temi Popoola, group managing director and chief govt of NGX Group.


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