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Don’t Let Wigwe’s Legacies Die, China Appeals To Partners, Bank
Deaths of some legends can be turned to gains, so declared an investor and entrepreneurial icon, the Mayor of Housing.
This is as the financial icon, Dr Herbert Wigwe, is not dead yet, except his vision and projects are allowed to die, according to the Mayor of Housing, My-ACE China.
China was reacting to the spreading shock of the death of the CEO of Access Holdings Plc, Dr Herbert Wigwe, along with his wife, Chizoba Doreen and son, Chizi, in a chopper crash in the US aroind 10:30pm on Friday night, February 9, 2024.
The deaths and those of three other occupants of the helicopter have been confirmed by US aviation authorities and Access Holdings Plc in Nigeria.
Wigwe was a honed accountant, who began his career in the highly tested and trusted Coopers & Lybrand Associates, a global company of Chartered Accountants, from where he joined the Guaranty Trust Bank, and worked for over a decade before joining Access Bank Plc.
He forged a close association and partnership with Aigboje Aig-Imoukhuede and some other top brains to acquire the bank, and has since transformed the financial institution to an international financial powerhouse.
The Mayor of Housing, however, that the best approach to this tragedy is to turn it into positives by looking up to Herbert Wigwe’s vision and legacies, and cementing them further to make him live on.
In a statement in Port Harcourt, the Mayor of Housing and CEO of the Housing & Construction Mayor Limited, My-ACE China, said he has contacted Herbert Wigwe’s partners and those associated with his dreams so as to galvanise them into making the dreams of the legend to live on.
He said: “Immediately after news of the crash in the US and the passing of the high profile Nigerian CEO and Rivers-born Dr Herbert Wigwe, I started looking up his partners, those associated with his dreams, and the construction partners at the Wigwe University to encourage them to keep hope alive. I know that men of vision, or legends, don’t die until their legacies die. So, Dr Herbert Wigwe is not dead, yet.
“So, I immediately started looking up those whose onus and opportunity it is to sustain his dreams and make sure that Dr Herbert Wigwe does not die.”
He stated that, “Dr Herbert Wigwe will die the day Wigwe University is dead; the day Access Bank Plc stops being a leading financial institution in the world; the day all the wonderful partnerships he has brokered between Access Holdings Plc and other companies globally and in Africa die; or the day all the acquisitions by Access Holdings Plc he has helped to acquire die.”
He insisted that “Access Holdings Plc is not a one-man dream, the Wigwe University concept is not a one-man dream, Herbert Wigwe is not a lone-man project, he has got partners, and he has got associates.”
According to him, “The onus is on them to ensure that the dreams do not die.”
Enumerating three ways Herbert Wigwe could possibly die, China stated: “If they let his vision die, then they have actually let him die; if they let his vision live and succeed, they have let him live; and if they propagate and exponentially build these dreams beyond the wildest imaginations of Herbert Wigwe himself, they would have not only made him live on but they would have immortalized him and his legacies.”
He recalled his quotes about legends and death thus: “I have a quote that says ‘legends don’t die, they only live as long as their legacies last’. Herbert Wigwe is not dead but he has left us a legacy of excellence, a legacy of performance, a legacy of visionary leadership, a legacy of exponential partnership, and a legacy of resilience in the face of hardship. All we can do is to put hands together to make sure Herbert Wigwe doesn’t die the real death.”
So, he declared, “all associates, all customers of Access Bank Plc, all workers, everybody that is associated in keeping his legacies alive, they must rally round and make sure this legend does not die.
“All I can say is: Herbert Wigwe is not dead, but if we want him to die, we let his dreams die. If we make his dreams live, he lives, but if we allow his dreams die, he then dies. If we make his dreams live beyond his wildest imaginations, then we would have made him live and live. So, let’s make Herbert Wigwe live on.”
The Mayor of Housing said he did not meet Herbert Wigwe face-to-face but that he has met some of his staff that revealed much about him, his visionary leadership, and his striving for excellence.
“I don’t know a lot but I know of one thing that is required to be a leader: the only way to lead is by example. One thing I have heard about Herbert Wigwe that I hold dearly is that if he asks you to do one thing 10 times, he does it 12 times. That shows he is a leader that acts in the front.
“We have other leaders that dish out commands from the back but would not do one tenth of what they ask you to do. But Dr Herbert Wigwe is a performance-leader, and such species of homo sapiens are rare. In fact, if we live the life of the likes of Dr Herbert Wigwe, we would not be busy weeping, but if we strive to sustain his dreams and legacies, he would then live on.”
By: Nelson Chukwudi
Nigerians may experience an increase in the prices of premium energy products diesel and petrol as the Dangote Petroleum Refinery temporarily halts the sale of petroleum products in Naira.
“This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in US dollars,” the company said in a statement yesterday.
The $20billion refinery based in Lagos said the sales of its products in Naira have exceeded the value of Naira-denominated crude it has received from the Nigerian National Petroleum Company Limited (NNPCL).
“As a result, we must temporarily adjust our sales currency to align with our crude procurement currency,” the company explained.
The refinery said it remained committed to serving the Nigerian market and would resume the sale of its product to the local market in Naira as soon as it received crude cargoes from the NNPCL in Naira.
“As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira,” it said.
The announcement by the refinery comes amid its price war with the NNPCL.
As part of moves to reduce the strain on the US dollars, and guarantee price stability of petroleum products, the Federal Executive Council (FEC) in July 2024, directed the NNPCL to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States’ greenback.
In the beginning of March 2025, the NNPCL said its Naira-denominated crude sales agreement with the Dangote Refinery was structured for six months with March 2025 as the expiration date.
The state company, however, said that talks were on to replace the contract, and that over 48 million barrels of crude oil have been made available to Dangote Refinery since October 2024 under the Naira-denominated arrangement.
The NNPCL also said it had made over 84 million barrels of crude oil available to the private refinery since it commenced operations in 2023.
Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational for decades until 2024. The country was heavily reliant on imported refined petroleum products, with the state-run NNPCL being the major importer of the essential commodities.
Fuel queues are commonplace in the country. Prices of petrol more than quadrupled since the removal of subsidy in May 2023 by President Bola Tinubu, from around ¦ 200/litre to about ¦ 1,000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.
Last December, the billionaire industrialist commenced operations at the facility situated in Lagos with 350,000 barrels a day. The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year. The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.
Nigeria’s Quadri Aruna has overtaken Egypt’s Omar Assar to become Africa’s highest-ranked player in the world, now sitting at 18th in the week 12 ranking released on Tuesday.
Aruna moved up from 19th place in week 11 to 18th in the latest ranking, while Assar dropped from 17th to 19th.
Denmark’s Jonathan Groth took over Assar’s 17th place, moving up from 18th.
Despite finishing as runner-up at the 2025 ITTF Africa Cup, Aruna’s impressive performances at the WTT tournaments this year have boosted his ranking.
Aruna remains the only African male player to have reached the semi-finals of the WTT Contender Doha, repeating his 2023 feat earlier this year in January.
This achievement has propelled him ahead of Assar, who beat him to become the champion of the 2025 ITTF Africa Cup.
Aruna’s next tournament is the WTT Contender Chennai which serves off in India from March 23 to 20.
In the women’s singles, Egypt’s Hana Goda maintained her top spot in Africa, moving up one place to 26th in the week 12 ITTF ranking. Her compatriot, Dina Meshref, remained static at 33rd, holding her position as the second-best-ranked female player in Africa.
China’s Wang Chuqin retained his position as the second-best player globally, behind his compatriot Lin Shidong, who continues to hold the top spot. Japanese superstar Tomokazu Harimoto dethroned China’s Liang Jingkun as the third-best player in the world after his semifinal finish in Chongqing.
In the women’s ranking, the top five remained unchanged, with China’s Sun Yingsha holding onto her top spot after retaining her WTT Champions Chongqing title.