In the ever-evolving world of Nigerian banking, few tales captivate quite like the narrative of AigbojeAig-Imoukhuede and Herbert Wigwe
. These two visionaries transformed Access Bank from a small, struggling institution into a leading financial powerhouse in Africa.
Access Bank was established in 1988 and commenced operations in 1989 during a challenging period in Nigeria’s financial landscape. Initially encountering internal power struggles and financial instability, the bank persevered amidst turbulent times, witnessing numerous leadership changes. Despite these early setbacks, Access Bank managed to survive while many other banks faltered during the 1990s.In 2002, Aigboje and Herbert embarked on a bold venture to acquire Access Bank.
The duo’s leadership was characterised by numerous innovations. They were pioneers in adopting digital banking solutions, significantly enhancing customer experience and operational efficiency.The bank’s strategic expansion continued beyond Nigeria’s borders. By 2020, Access Bank had entered markets in Kenya, Mozambique, and South Africa. This expansion was part of a broader strategy to become Africa’s gateway to the world.
The recent acquisition of National Bank of Kenya and the earlier acquisition of Transnational Bank Limited highlight Access Holdings’ ongoing expansion strategy in Africa. These acquisitions are part of the broader vision to establish Access Holdings as a leading financial institution across the continent, providing innovative and inclusive financial services.
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How Aig and Wigwe reinvented Access Bank and redefined finance in AfricaIn 2002, the acquisition of Access Bank was finalised with Aig-Imoukhuede and Wigwe approved as Managing Director and Deputy Managing Director, respectively.
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