In the quiet hours of February 9, 2024, Nigeria lost one of its most influential banking leaders when Herbert Wigwe, Group Chief Executive Officer of Access Holdings, tragically passed away in a helicopter crash in California. As we mark the first anniversary of his untimely departure, we reflect on his indelible mark on Nigeria’s financial sector and the lives he touched through his visionary leadership and philanthropic endeavours.

Herbert Wigwe’s journey in banking began long before he became the driving force behind Access Bank’s transformation into one of Africa’s largest financial institutions. With his business partner Aigboje Aig-Imoukhuede, Wigwe orchestrated the acquisition of Access Bank in 2002, transforming a small commercial bank into a financial powerhouse that would eventually acquire Diamond Bank in 2019, creating one of Nigeria’s largest banks.

Under his stewardship, Access Bank grew from a modest institution ranked 65th among Nigerian banks to one of Nigeria’s top five banks. His strategic vision extended beyond national borders, as he successfully guided Access Bank’s expansion across Africa, establishing a presence in multiple countries and positioning the institution as a key player in the continent’s financial services sector.

One of Wigwe’s most ambitious projects was the establishment of Wigwe University, which opened its doors in 2024. This institution embodied his commitment to education and belief in nurturing the next generation of African leaders. The university was designed to provide world-class education with a curriculum focused on management, science, and engineering.

Wigwe demonstrated his dedication to social causes through the HOW Foundation, focusing on youth empowerment, health, and education. His philanthropy touched countless lives, providing opportunities for young Nigerians to pursue their dreams through scholarships and mentorship programs.

A Personal Legacy

Those who knew Wigwe personally speak of a man who combined sharp business acumen with genuine compassion. He was known for his ability to spot and nurture talent, often taking a personal interest in developing young professionals in the banking sector. His leadership style was characterised by an unwavering commitment to excellence and an infectious enthusiasm that inspired those around him.

Wigwe’s influence on Nigerian banking extended far beyond Access Bank. He was a key figure in modernising Nigeria’s banking sector, championing digital transformation and financial inclusion. His advocacy for sustainable banking practices and corporate governance set new standards for the industry.

One year after his passing, Herbert Wigwe’s vision continues to shape the future of banking in Africa. The institutions he built and the principles he championed are a testament to his legacy. Access Holdings continues to expand its footprint across Africa, guided by the strategic foundation he laid.

Remembering a Visionary

As we mark this sombre anniversary, we remember Herbert Wigwe not just as a banker or business leader but as a visionary who saw Africa’s potential and worked tirelessly to realise it. His life, though cut tragically short, inspires future generations of African business leaders and entrepreneurs.

His famous words continue to resonate: “Success is not just about what you ACCOMPLISH in your life; it’s about what you inspire others to do.” Today, as we remember Herbert Wigwe, we celebrate a life dedicated to excellence, innovation, and the betterment of society.

In the words of those who knew him best, Wigwe’s greatest legacy may not be the buildings he built or the bank he grew, but the countless lives he touched and his inspired dreams. As Nigeria’s financial sector continues to evolve, his influence remains a guiding light for those who follow in his footsteps.

Herbert Wigwe’s passing reminds us that while life may be finite, the impact of a life well-lived is infinite. His vision, leadership, and commitment to excellence continue to inspire a new generation of African leaders.

By Harry Choms