Herbert Wigwe parts with N975.52m, as his Access Bank controlling stake nears 5%

Access Bank Group Managing Director/Chief Executive Officer, Herbert Wigwe, has acquired new shares in the financial institution to expand his control over the company.

In the first and second weeks of November, the investment banker paid a visit to the stock market, spending N975.52 million to acquire 122 million shares of Access Bank.

According to a corporate document seen by Ripples Nigeria, and filed with the Nigerian Securities and Exchange Commission (SEC), Wigwe purchased the shares in three days.