NEWS
Wigwe: Access Holdings Appoints New Chairman
In a significant leadership change, Aigboje Aig-Imoukhede, the esteemed pioneer Managing Director of the Access Bank Group, has been named as the new chairman of Access Holdings.
This pivotal appointment comes following the departure of Mr. Abubakar Jimoh, the former Chairman of the HoldCo, who transitions to the role of Independent Non-Executive Director on the board.
Aig-Imoukhede’s return to the group after a decade is marked by a sense of both renewal and remembrance, as he steps back into a prominent position following the tragic passing of his friend and co-founder, Herbert Wigwe, earlier this year.
BIZTELLERS recalls that Wigwe, along with his wife, Doreen, and son, Chizzy, met a tragic end in a helicopter crash near the Nevada border, United States of America, casting a shadow of grief over the Access Bank community.
In a private ceremony held on March 9, Herbert Wigwe, his wife Doreen, and their son Chizzy were laid to rest in a tomb within the grounds of the Wigwe University, a testament to their enduring legacy and contributions to education and community development.
Located in Isiokpo, Ikwerre Local Government Area of Rivers State, the university stands as a tribute to Herbert Wigwe’s vision and commitment to empowering future generations.
In the wake of this solemn occasion, Access Bank announced the appointment of Aigboje Aig-Imoukhede as chairman of Access Holdings.
Following extensive consultations with key stakeholders, the decision to invite Aig-Imoukhede to lead the helm of governance was reached unanimously by the Holdco Board.
The bank said “With an illustrious career spanning several decades in the banking and finance sector. Mr. Aig-Imoukhuede has proven to be an exceptional and influential leader, having admirably laid a solid foundation for Access Bank’s success as Group Chief Executive Officer between 2002 and 2013 ably supported by his partner and deputy, the late Dr. Herbert Wigwe, CFR who later succeeded him.”
The bank highlighted Aig-Imoukhuede’s transformative leadership, crediting him with spearheading Access Bank’s remarkable growth and solidifying its position as a trusted financial institution.
Under his stewardship, the bank expanded its customer base from ten thousand to over six million, with a workforce of more than 5,000 employees and an asset base of $12 billion.
In response to Aig-Imoukhuede’s appointment, Jimoh expressed his enthusiasm, hailing it as a landmark moment for Access Holdings.
He said “Mr. Aig-Imoukhuede’s appointment to the Board and subsequent election as Chairman. is a landmark development for Access Holdings. All our board members are excited about our future.”
Aig-Imoukhuede, commenting on his appointment, expressed his excitement at rejoining the Access Group ecosystem in an active capacity.
He said “I am thrilled to be back in active service to the Access Group ecosystem. I am confident that working with our directors, our exceptional team of executives and our best-in-class banking and finance professionals, we will deliver outstanding value to our esteemed stakeholders. I am determined that our shared vision which Dr. Wigwe gave everything for, will be realised.”
After stepping down as the bank’s CEO in December 2013, Aig-Imoukhuede ventured into a new realm by co-founding the Tengen Family Office Limited.
This entity now oversees a diverse array of investments and enterprises spanning banking, finance, insurance, technology, real estate, and energy sectors.
NEWS
Prices Slide, as 19m Barrels Cross Hormuz Strait
President of the United States, Donald Trump, says a record 19 million barrels of oil flowed out of the Strait of Hormuz on Monday.
According to Trump on Tuesday, oil prices are tumbling as a result of the oil flow through Hormuz.
“19 million barrels of oil flowed out of the Hormuz Strait yesterday, an all-time record. Oil prices are tumbling down, and the world is a much safer place,” Trump said in a post on his social media handles.
According to oilprice.com, Brent crude fell to $76.75 per barrel on Tuesday, down from $77 per barrel on Monday.
The decline in oil prices came after US Vice President JD Vance said progress had been made in discussions with Iran and confirmed that the Strait of Hormuz remained open, reducing fears of a major supply shock in the global oil market.
The benchmark had earlier risen as high as $82.30 per barrel over the weekend amid renewed tensions following threats by US President Donald Trump to restart military action against Iran and Tehran’s announcement that it had again closed the strategic waterway.
High-level officials from the US and Iran concluded their first round of talks in Switzerland on Monday, according to mediators. The discussions began on Sunday under a memorandum of understanding reached last week to extend a fragile ceasefire from April for at least another 60 days.
ALSO READ: Togo Imports N105bn Petrol from DPRP in Q1, 2026
In a move expected to boost oil supply, the US Treasury Department on Monday authorised Iranian oil sales through a general licence that permits the sale of crude oil and petrochemical products of Iranian origin until August 21.
Meanwhile, US Secretary of State Marco Rubio has arrived in Abu Dhabi on Tuesday to meet with Gulf allies.
Addressing newsmen, Rubio said no country would be allowed to charge tolls for shipping in the Strait of Hormuz as he sought to reassure US allies in the Gulf that Washington would take a firm line in peace negotiations with Iran.
Rubio is to meet Gulf allies on Tuesday and Wednesday in an attempt to reassure them that the US remains committed to their security and that the 60-day ceasefire deal struck with Iran last week will not embolden Tehran.
Arriving in Abu Dhabi, Rubio said the US would provide for freedom of navigation through the Strait of Hormuz and that no country would be allowed to charge a toll there, which Iran has said it has a right to do.
“It’s an international waterway. No country is allowed to charge tolls or fees on an international waterway. That’s existing international law. That’s the way it is in international waterways all over the world, and that’s the way we expect it’ll be here,” he said.
NEWS
‘Leave Sowore Alone, Fight Terrorists Instead’ — Timi Frank Slams Security Agencies
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged Nigeria’s security agencies to stop the arrest and detention of activist and presidential candidate, Omoyele Sowore, and instead channel their energy toward tackling bandits and terrorists across the country.
Frank made the call in a statement issued on Tuesday, describing the arrest of Sowore as a “national disgrace” and accusing the State Security Service (SSS) of misplaced priorities amid worsening insecurity in Nigeria.
SEE MORE: BREAKING: “Rescue the Children or Resign” — Sowore Marches on Aso Rock as Security Tightens
He said it was alarming that security operatives were focusing on political figures while violent groups continue to unleash terror on innocent citizens in several parts of the country.
“It is unfortunate that the SSS seems more interested in going after opposition figures than confronting the bandits and terrorists terrorising innocent Nigerians. This arrest is clearly politically motivated,” Frank said.
He argued that while security agencies expend resources tracking government critics, armed groups responsible for killings, kidnappings, and displacement continue to operate with little resistance.
Frank, who also serves as Ambassador of the United Liberation Movement for West Papua to East Africa and the Middle East, warned that such actions could erode public trust in security institutions and further deepen tensions ahead of the 2027 general elections.
He called on security agencies to redirect their attention to real threats facing citizens, stressing that national security should not be politicised.
Meanwhile, Timi Frank maintained that Nigeria’s priority should be restoring safety and stability rather than targeting dissenting voices.
NEWS
2027 Elections: NYSC DG Warns Corps Members Against Political Campaigns, Gives Reasons
The Director-General of the National Youth Service Corps (National Youth Service Corps), Brig.-Gen. Olakunle Nafiu, has warned corps members to steer clear of partisan political activities ahead of the 2027 general elections, stressing the need to preserve the scheme’s long-standing neutrality.
Nafiu gave the warning on Tuesday during a town hall meeting with 2026 Batch ‘B’ Stream I corps members at the temporary NYSC orientation camp in Amada, Akko Local Government Area of Gombe State.
He cautioned corps members against attending political campaign rallies or engaging in any activity that could suggest alignment with any political party, noting that such actions could damage the credibility of the NYSC.
READ MORE: Why NYSC Stopped Orientation Exercise for Corps Members in Niger State
According to him, the reputation of the scheme has been built over decades of political neutrality, which has made corps members trusted participants in national elections under the Independent National Electoral Commission (Independent National Electoral Commission).
“And since 1999, we have continued to strengthen our democratic process season after season. We are going into another electioneering season, and campaigns will soon begin. Don’t go to campaign grounds as a corps member,” he said.
The NYSC boss further warned corps members against wearing official uniforms or insignia to political gatherings, saying such appearances could easily be misinterpreted by the public.
“If I grab you with this face cap, this crested vest, this white-on-white and this khaki at a campaign ground and they capture you, the headline will be: ‘NYSC aligns with XYZ party,’” he cautioned.
Nafiu stressed that Nigerians and the international community have continued to trust corps members during elections because of their neutrality, adding that this trust must not be compromised.
He also urged corps members to become agents of positive change in society rather than passive critics, encouraging them to embrace discipline, hard work, and meaningful engagement.
In addition, he advised them to reduce excessive use of social media and focus on productive activities such as entrepreneurship and networking.
In a lighter moment, the DG announced the donation of a cow to the orientation camp community, which drew cheers from corps members.
Earlier, the Gombe State NYSC Coordinator, Chinwe Nwachukwu, disclosed that 1,349 corps members—comprising 649 males and 700 females—had been registered for the orientation exercise.
She noted that the corps members had adapted well to camp life and were actively participating in skills acquisition programmes, while also highlighting security measures, including aerial drone surveillance by the Nigerian Air Force 109 Combat Reconnaissance Group.
However, she listed challenges affecting the camp, including erratic electricity supply, heavy dependence on generators, and lack of a multipurpose hall.





