- Access Bank boss Herbert Wigwe has acquired additional stakes in the bank
- He reportedly spent about N14.2 billion in three months on shares purchase to tighten his grip on the bank
- Tengen Holdings (Mauritius) Limited, a firm related to the Access Bank boss, acquired additional 50 million shares
Herbert Wigwe, the Group Managing Director of Access Holdings, the parent company of Access Bank, has spent about N14.5 billion in the acquisition of additional shares of the bank since April 2023.
Wigwe has been on a share acquisition spree since April 2023, when he bought about 1.13 billion share units to spread his stake across several entities, holding direct shares in Access Holdings.
