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Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions Mourns Passage of Herbert Wigwe and Others

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The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions Mourns The Passage of Herbert Wigwe and Others

In his words:

I am devastated by the sad news of the helicopter crash in California, United States of America, that claimed the life of my dear friend, brother and professional colleague, Herbert Wigwe, the Group Chief Executive Officer of Access Holdings PLC, his lovely wife of many years, son, and Abimbola Ogunbanjo, the Group Chairman of the Nigerian Exchange Group PLC, alongside two others.

Herbert Wigwe’s visionary leadership and commitment to excellence have left an indelible mark in the business world, particularly banking and financial services industry . His passion, dedication, and innovative spirit have inspired many, and his legacy will be remembered far beyond his years. 

A fearless and accomplished accountant and businessman, Herbert exemplified commitment to causes of public good and national development, evident in initiatives like the Wigwe University project and numerous philanthropic gestures across Nigeria and beyond. This is a national tragedy of monumental proportion.

Having maintained a personal relationship with Herbert since our days at Guaranty Trust Bank in 1991, I witnessed his extraordinary goal-driven professionalism. He reached the pinnacle of his career in the banking industry and business, leaving an indelible mark on the generation of accomplished bankers who cut their teeth at Guaranty Trust Bank.

As we come to terms with this devastating loss, we share in the grief of Access Holdings PLC, the families, friends, and colleagues of those who lost their lives in this unfortunate incident.

Our thoughts and prayers are with you during this unimaginably difficult time. May the memories of Herbert Wigwe and all those who died in the helicopter crash comfort and strengthen all those who knew and loved them. Ameen. Let us remember their contributions and honor their lives by continuing to uphold the values they believed in.

And in this time of sorrow, and as we navigate this dark moment, let our resolve in Almighty God remain unwavered. God bless.

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BUA Chairman Rabiu shares South Africa visa entry denial experience at Africa CEO Forum

Rabiu said the experience highlighted the difficulties Africans still face when travelling within the continent despite ongoing talks about African integration and economic cooperation.

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The founder and Chairman of BUA Group, Abdul Samad Rabiu, has recounted how he was denied entry into South Africa after his visa expired a day before his trip, while European travellers were reportedly allowed into the country without visas.

Rabiu shared the experience on Thursday while speaking on “Africa at Scale: Capital, Policy and the Architecture of Growth” at the ongoing Africa CEO Forum in Kigali, Rwanda.

He said that the incident occurred in February 2025 when he travelled from Lagos to Cape Town for the Mining Indaba conference.

He said that immigration officials stopped him on arrival after discovering that his visa had expired the previous day.

Rabiu explained that he and his team spent about four hours at the airport before he was eventually returned to Lagos.

“I take full responsibility because my visa had expired and my crew failed to notice it before the trip,” he said.

However, the businessman said that he became concerned after noticing that passengers arriving on multiple flights from Europe were allowed into South Africa without visas while he, as an African, was denied entry.

“While we were waiting at the immigration desk, there were about three international flights from Europe. Most of the passengers were Europeans, and they all entered Cape Town without visas,” he said.

Rabiu said the experience highlighted the difficulties Africans still face when travelling within the continent despite ongoing talks about African integration and economic cooperation.

“I did not have a problem with being returned because I had no valid visa. My issue was being an African in Africa and being denied entry, while foreigners from other continents were allowed in freely without visas,” he said.

He called for reforms in visa and immigration policies across the continent, stressing that Africa cannot achieve meaningful economic integration while Africans continue to face barriers moving within African countries.

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At Africa CEO Forum, President Tinubu Highlights “Partnerships That Moves Africa Forward”

“With our metals, we can produce batteries for cars. The private sector brings capital and expertise, but government must de-risk and create the enabling environment. That partnership is how Africa moves forward”.

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President Bola Ahmed Tinubu during a panel session at the ongoing Africa CEO Forum, called for “Partnership that can move Africa forward.”

He advocated an “Africa First” approach to development, insisting that African resources should primarily benefit the continent through local processing and manufacturing.

“We don’t want scavengers and extractors. We want partners who process and manufacture locally,” said President Tinubu.

He said that his administration’s policies were positioning Nigeria as an open and competitive destination for investment.

“In Nigeria, we’ve attracted nearly $20 billion in direct investment this year because we are efficient, transparent, and open for business,” President Tinubu said.

President Tinubu attributed the inflow to reforms aimed at improving transparency, efficiency, and investor confidence in the country.

He said that Nigeria would no longer permit the export of raw minerals without local value addition, noting that the country possesses the capacity to manufacture products such as electric vehicle batteries from its mineral resources.

He said: “With our metals, we can produce batteries for cars. The private sector brings capital and expertise, but government must de-risk and create the enabling environment. That partnership is how Africa moves forward”.

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Obi Meets UK Business Leaders, Advocates Stronger Support for MSMEs

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Presidential hopeful of the National Democratic Congress (NDC), Mr. Peter Obi, has reiterated the critical role of micro, small, and medium-sized enterprises (MSMEs) in driving Nigeria’s economic growth and reducing unemployment.

Obi made the remarks on Tuesday following a series of meetings in London with stakeholders in British politics and the business community, including Jonathan Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC).

According to Obi, discussions with Lord Marland focused on prospective trade opportunities, economic advancement, and strategies for promoting small businesses across Nigeria.

Drawing comparisons with rapidly developing economies such as China, Indonesia, and Vietnam, Obi stressed that sustainable economic growth and job creation can only be achieved through deliberate support for MSMEs.

The former Anambra State governor maintained that small businesses remain the backbone of the economy and called for stronger policies aimed at boosting development and creating employment opportunities, particularly in the agriculture and manufacturing sectors.

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