Lagos, Nigeria — October 23, 2024
The family of late Herbert Wigwe, the former CEO of Access Holdings Plc and one of Nigeria’s most respected financial leaders, is currently facing a crisis over the distribution of his vast estate. The dispute, which involves several family members, has intensified following the reading of Wigwe’s will, leading to allegations of unequal treatment and hidden assets.
Wigwe, who passed away in a tragic helicopter crash in California earlier this year, left behind a substantial fortune. His estate includes significant financial holdings, real estate properties, shares in multinational companies, and other investments across Africa and beyond. However, tensions have arisen between his surviving children, relatives, and business partners, as disagreements over the allocation of these assets escalate.
Sources close to the family reveal that some members have expressed dissatisfaction with the provisions of the will, which they claim do not adequately reflect their contributions to the family’s businesses. Allegations have also surfaced suggesting that certain assets were not properly accounted for in the estate, fueling suspicions of financial mismanagement.
The heart of the dispute reportedly lies between Wigwe’s older children from his first marriage and other close relatives, with each faction seeking control over key aspects of the estate. Some family members have already initiated legal action, challenging the legitimacy of the will and demanding a thorough review of the estate’s assets.
The late Herbert Wigwe, who led Access Bank through a period of significant growth and transformation, was known for his sharp business acumen and philanthropic efforts. His legacy includes not only his role in making Access Bank one of Africa’s leading financial institutions but also his contributions to youth development and education through initiatives such as The HOW Foundation and Wigwe University in Rivers State.
Observers are concerned that this bitter dispute could tarnish the reputation of a man who was celebrated for fostering unity, discipline, and excellence throughout his career. Financial experts are also watching the situation closely, as any prolonged legal battle could have implications for the management of Wigwe’s businesses and philanthropic ventures.
Despite efforts by family mediators and external advisors to resolve the matter amicably, the parties involved appear entrenched in their positions. Legal experts warn that without swift resolution, the case could drag on in court, resulting in further divisions within the family and delays in the execution of the late banker’s will.
As the story continues to unfold, many are hopeful that Herbert Wigwe’s family will come to an agreement that honors his legacy, preserving both his financial empire and the values he held dear during his lifetime. However, with emotions running high and significant financial stakes involved, a quick resolution may not be easy to achieve.
The late banker’s passing, which has already shaken Nigeria’s financial community, now casts a spotlight on the often contentious issue of inheritance and estate management in large families, particularly where significant wealth is involved.
