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Wigwe: Access Holdings Appoints New Chairman

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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.

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NEWS

Katsina Students Get ₦689.79m Bursary as Gov Radda Doubles Allowances

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Katsina State Governor, Dikko Umaru Radda, has flagged off the disbursement of ₦689.79 million in bursary payments to 19,318 continuing students across 97 institutions for the 2025/2026 academic session.

The disbursement follows a 100 per cent increase in academic bursary rates, marking the first adjustment since 2007.

The latest payment forms part of the state government’s broader investment in education and student welfare, with cumulative bursary disbursements and related student awards under the administration reaching ₦3.29 billion.

SEE ALSO: Dikko Radda Of APC Wins Katsina Governorship Election

More than 174,000 beneficiary payments have been recorded across successive payment cycles.

Increased Allowances for Veterinary and Law Students

Under the revised scholarship support framework, allowances for Veterinary Medicine students have increased by 150 per cent for students in the 300 and 400 levels and by 200 per cent for those in the 500 and 600 levels.

Support for Nigerian Law School students and academic excellence awards has also continued.

The state government has also approved a scholarship programme for 1,700 students, with 50 beneficiaries drawn from each of the state’s 34 local government areas.

The programme is designed to support tuition fees, registration and other educational expenses.

₦6bn Scholarship Trust Fund

The government has made provision for ₦6 billion in seed funding for a scholarship trust fund intended to strengthen educational financing.

The fund is expected to support specialised scholarship opportunities in fields including engineering, medicine, Artificial Intelligence and mechatronics.

The state’s foreign scholarship initiatives have also supported 118 students studying Medicine, Artificial Intelligence and Bioengineering in Egypt, Ethiopia and China, with approved educational and living expenses covered by the government.

More Scholarship Opportunities

Other educational support initiatives include 34 maritime scholarship beneficiaries and seven students receiving 50 per cent financial support at the Nigerian College of Aviation Technology, Zaria.

The state has also nominated 34 candidates for MBBS studies in Russia, identified 70 prospective master’s degree candidates and selected 10 candidates for Qur’anic Sciences scholarships in Ghana.

These initiatives form part of the state’s broader efforts to expand access to education across different fields and levels of study.

Scholarship Board Strengthens Accountability

The Katsina State Scholarship Board has also strengthened its application, verification and payment systems.

As part of its accountability measures, the board interviewed more than 14,925 fresh applicants and returned approximately ₦86 million in unclaimed funds to the state government.

The state also acknowledged the contributions of the Nigerian Education Loan Fund (NELFUND), the Tertiary Education Trust Fund (TETFund) and the National Information Technology Development Agency (NITDA) in expanding access to educational financing and digital learning resources.

Radda Inaugurates Tinubu/Dikko Education Beneficiary Network

As part of the activities, Radda inaugurated the Tinubu/Dikko Education Beneficiary Network (TDEBNET), a voluntary organisation comprising parents and beneficiaries of educational programmes.

Members of the organisation expressed support for the re-election bids of Radda and President Bola Ahmed Tinubu in 2027.

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International News

DOJ Confirms Federal Criminal Investigation After Agents Raid Ilhan Omar’s Home

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Federal agents raided the Washington, D.C., home of Democratic Congresswoman Ilhan Omar early Monday morning as part of an ongoing federal criminal investigation, the United States Department of Justice (DOJ) has confirmed.

Homeland Security Investigations agents arrived at the Minnesota congresswoman’s residence at about 6:00 a.m. Eastern Time, according to a report by Fox News.

SEE MORE: Trump Sparks Outrage With Shock Proposal to Rename New Mexico

The report said both the Department of Homeland Security (DHS) and the DOJ are involved in the investigation.

A DOJ spokesperson confirmed the operation, stating: “Today in the Washington, D.C. area, Homeland Security Investigations executed a judicially authorized search warrant secured by the Department of Justice.”

The spokesperson added: “This enforcement action is part of an ongoing federal criminal investigation.”

 

 

Details later……….

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NEWS

‘140 Million Nigerians Are Poor Despite Tinubu’s Economic Reforms’ – Peter Obi

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Former Labour Party presidential candidate Peter Obi has criticised President Bola Tinubu’s economic reforms, arguing that improvements in economic growth and government revenue have not translated into better living conditions for Nigerians.

Obi made the remarks in a statement posted on his X account on Monday, October 12, while reacting to the World Bank’s latest report on Nigeria’s economic performance and government spending priorities.

He argued that improvements in some macroeconomic indicators should not be interpreted as evidence that the standard of living of Nigerians is improving.

According to him, the real measures of economic development are poverty reduction, job creation and efforts to address inequality.

“Nigerians and even the World Bank know that the criteria for economic development is whether poverty is declining, whether jobs are created for our youths, and whether we are reducing acute inequality,” Obi stated.

He maintained that economic stability under the Tinubu administration had not resulted in higher living standards, improved employment opportunities or reduced poverty and inequality across the country.

Obi argued that an economy cannot be considered stable merely because government revenue increases, foreign reserves strengthen or gross domestic product grows.

“Stability exists when citizens can afford food, obtain healthcare, provide education for their children, and live with dignity,” he said.

The former Anambra State governor questioned the benefits of increased government revenue to Nigerians struggling to meet their basic needs.

“What comfort does higher revenue offer a mother who cannot provide her children with a nutritious meal? What does higher government revenue mean to a family forced to choose between purchasing food and paying for medicine?” he asked.

He also questioned the impact of the administration’s economic reforms on ordinary Nigerians, arguing that citizens continued to bear the costs and hardship associated with government policies.

Obi further cited a recent United Nations Development Programme report, which he said listed Nigeria among countries where gains made in reducing poverty had been reversed.

He also claimed that about 140 million Nigerians were classified as multidimensionally poor.

The former presidential candidate accused the Tinubu administration of presenting incomplete economic statistics to project progress without adequately addressing the welfare of citizens.

“President Bola Tinubu and his incompetent team must recognize that intentionally presenting and projecting incomplete economic statistics cannot replace the critical measure of how reform impacts on the welfare of the people,” he said.

Obi added that Nigerians should not be expected to celebrate economic statistics while struggling to survive the effects of government policies.

“A government cannot expect citizens to applaud statistics while they struggle to survive the effects of its policies,” he stated.

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