General
Emotions Pour as Dignitaries Eulogise Late Herbert Wigwe
By Adedapo Adesanya
It was an emotional rollercoaster at the tribute event held on Monday night to celebrate the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe.
Dignitaries from government, corporate organisations, and royalty paid tribute to the late titan who died alongside his wife, son, and a former group chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbajo, on February 9 in the United States.
The event which was monitored by Business Post was divided into six segments – Young Hebert, the banker, the entrepreneur, the CEO, the builder and the ambassador.
These personalities relished adventurous and courageous stories from Wigwe’s early childhood and later his successful sojourn and success stories from GTBank and later the acquisition of Access Bank.
A friend of the deceased, Mr Aliko Dangote, was in tears as well as Mr Aigboje Aig-Imoukhuede, his long-term business partner and co-founder of Access Bank and Mr Femi Otedola, in an emotion-laden voice, also expressed the qualities of Mr Wigwe.
Governor Dapo Abiodun of Ogun, who first spoke for the governors reiterated his encounter with the late banker.
“It is a tough season for all of us,” Mr Abiodun said, noting that “words were not enough to describe how larger than life Wigwe was as he achieved so much within a short lifetime.”
“Herbert was loyal to his friends, way ahead of his time ever forward-looking,” he stated.
He said Mr Wigwe believed in the country Nigeria, and he was patriotic, adding that he met him about 30 years ago and thanked Wigwe for believing in him and being supportive of his programmes and projects.
He also said the projects included Gateway International Airport and the Epe/Ijebu-Ode Road projects, among others.
He described Mr Wigwe as a bridge builder, selfless, bold and courageous. He said it still felt like a bad dream that Herbert was gone, saying he was happy he honoured the invitation to see Mr Wigwe’s new home.
He disclosed that Mr Wigwe had a street named after him in Beirut, the capital of Lebanon saying, “he lived more than a life in one lifetime.
In an unprepared speech, Governor Babajide Sanwo-Olu of Lagos narrated his last conversation with Wigwe on Thursday, February 8, where lofty ideas were discussed.
“This was the last conversation that I will keep on my phone for a long time,” he said.
He promised to immortalise the late founder of Access Bank, Dr Herbert Wigwe, who was born at the Island Maternity Hospital in the state.
He said that Wigwe was a man who always had good stories and supported several projects of his administration driving him to take up new challenges.
“Herbert was one of the very first people that supported my ambition generously,” he added.
He said it was unbelievable how a man could give so much, including his words of encouragement. Sanwo-Olu revealed how Wigwe collaborated with other partners to cushion the effects of COVID-19 during the dreaded global pandemic.
“Herbert led from the front, encouraged and stood with the state government. I have indeed lost a big friend,” he added.
He said Mr Wigwe and Mr Aigboje Aig-Imoukhuede, the former group managing director of Access Bank, took a trip with him to Cairo to pursue visions of Lagos.
He also said Mr Wigwe had a special history of Isale Eko, and Lagos would immortalise him, haven being born in Island Maternity Hospital.
He said if places of birth mattered, Mr Wigwe should be of Isale Eko origin, noting, “Herbert has transcended beyond borders.
“Lagos will not forget Herbert Wigwe. We will support the family,” he said.
The Minister of Finance, Mr Wale Edun, narrated Mr Wigwe’s contributions to sports and various sectors, including supporting his personal and family visions.
“Herbert gave me his time and thinking, what I valued most; the man is never short of ideas,” he noted.
Mr Olayemi Cardoso, the Governor of the Central Bank of Nigeria(CBN), lauded Mr Wigwe’s hard work, broad knowledge base and role in shaping banking reforms further.
He said that Mr Wigwe’s commitment to reform and his genuine concern for the well-being of Nigerians garnered significant recognition.
The CBN Governor said he and the deceased recently discussed the way out of the country’s economic impasse, adding that the banker’s demise had left a vacuum in the banking sector and the economy.
On his part, the former CBN Governor, Mr Lamido Sanusi, emphasised the immense value of Wigwe’s contributions and the challenges that could arise in finding a suitable replacement.
Mr Sanusi recognised Mr Wigwe’s influence and the long-lasting imprint of his work, saying that further solidified the remarkable nature of his contributions.
For Mr Ibrahim Dankwambo, the former Senator for Gombe North and former governor of Gombe State, eulogised saying “from Him we come, to Him we shall return” and reeled out good times with the late founder, saying he was handed over to him as a brother by his father.
Mr Dankwambo, a former Accountant-General of the Federation, shared hilarious moments and described Mr Wigwe as a detribalised Nigerian.
Tributes of President Bola Tinubu, former President Olusegun Obasanjo, President Emmanuel Macron of France, and former US President Bill Clinton were read at the event.
Also, friends, associations, professional colleagues, Access Bank management from Nigeria, Ghana, and the UK as well as staff took turns to eulogise the patriotism, friendship, and mentorship qualities of Wigwe.
General
I Don’t Make Empty Promises to Electorate—Gaya
By Abba Dukawa
A chieftain of the ruling All Progressives Congress (APC), Mr Abdullahi Mahmud Gaya, reaffirmed his commitment to purposeful leadership, declaring he is not given to making empty promises to the electorate.
The politician, who intends to represent the Ajingi, Gaya, and Albasu Federal Constituency in the National Assembly in the 2027 general elections, stressed that his record of performance over two consecutive terms stands as clear evidence of his capacity and credibility, noting that his tenure has consistently delivered beyond expectations.
According to him, governance should be measured by tangible results rather than rhetoric, and his track record reflects a sustained dedication to the welfare and development of his constituency.
Speaking on Sunday while receiving various support groups at his residence in Kano, Mr Gaya reiterated his resolve to consolidate on past achievements and continue championing policies that will advance the collective interests of his people.
He urged them to return to their respective wards, villages, and towns to enlighten the electorate on the visible developmental strides recorded across the constituency over the past three years under his leadership, emphasising the need for voters to clearly distinguish these achievements from previous representations.
Mr Gaya further stated that there is no retreat in his resolve to contest the seat, stressing that the election is not about personal ambition, but about the collective well-being and continued progress of the people across the three local government areas.
He also urged them to take note that the Electoral Act 2026 outlines two methods through which political parties can nominate candidates, adding that these methods are direct primaries and consensus. Direct primaries involve all registered party members voting to choose their candidates, while the consensus method requires aspirants to voluntarily agree on a single flag bearer.
Speaking on behalf of various support groups, Mr Ismaila Ado, who has benefited from a monthly allowance as a volunteer teacher in one of the schools constructed during his tenure, stated that in addition to the allowance, the politician also facilitated his permanent appointment in the Kano State Ministry of Education.
Also speaking, an elder of the APC in Gaya Local Government Area, Mr Iliyasu Muhammad Gamoji, noted that prior to 2015, the communities of Ajingi, Gaya, and Albasu suffered from years of neglect and slow development.
He explained that when Mr Gaya represented the constituency in the House of Representatives, he did so with a strong commitment and a clear sense of responsibility.
He added that, over time, the lawmaker’s efforts brought tangible progress that positively impacted many lives, noting that roads were constructed, schools were improved, and the communities began to receive renewed attention and meaningful government support during his tenure.
General
Tinubu Approves N3.3trn to Clear Power Sector Debts
By Aduragbemi Omiyale
The sum of N3.3 trillion has been approved by President Bola Tinubu to finally clear the outstanding debts in the power sector.
A statement issued on Sunday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, said the “long-standing debts accumulated between February 2015 and March 2025.”
It was stated that the payment plan for the debts under the Presidential Power Sector Financial Reforms Programme should restore reliable electricity to the country.
“Following verification, N3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution,” a part of the statement noted.
“Implementation has begun, with 15 power plants signing settlement agreements totalling N2.3 trillion. The federal government has already raised N501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway,” it added.
The statement said, “With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.”
“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” the Special Adviser to the President on Energy, Ms Olu Arowolo-Verheijen, was quoted as saying in the statement.
“It is part of a broader set of reforms already underway — including better metering and service-based tariffs that link what you pay to the quality of electricity you receive.
“The government is also prioritising power supply to businesses, industries, and small enterprises — because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy.
“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” she added.
President Tinubu has commended all stakeholders who supported efforts to resolve the legacy issues in the power sector. He has also confirmed that the next phase (Series II) will begin this quarter.
General
Atiku Hires US Lobby Firm for $1.2m to Boost Reputation, Counter FG Narratives
By Adedapo Adesanya
Former Vice-President Atiku Abubakar has hired Von Batten-Montague-York, L.C., a Washington-based lobbying firm, to protect and strengthen his “reputational standing” in the United States for $1.2 million.
According to The Cable, the contract agreement was signed by Mr Karl Von Batten, the managing partner at the firm, and Mr Fabiyi Oladimeji, a Nigerian politician, on March 9 and 10, 2026, respectively.
Based on a document filed with the US Department of Justice, one of the contract’s objectives entails that the firm will “counterbalance” the Nigerian government’s “lobbying narratives” in the US. It comes after the federal government reportedly spent $9 million to strengthen lobbying with the US government earlier this year.
Mr Abubakar, who is eyeing the Nigerian presidency, is currently with the African Democratic Congress (ADC). He will use the firm to “advance understanding” within US policymaking institutions of his “leadership posture and policy vision”.
Based on the contract details, the firm will facilitate and arrange meetings for the former vice-president to engage with US government officials and members of Congress.
Von Batten-Montague-York will also provide the politician with “guidance on policy positioning, reputational considerations, and engagement strategy”.
“These activities include lobbying and government affairs engagement with Members of Congress, congressional staff, and executive branch officials concerning issues related to democratic governance, regional stability, economic development, and U.S. engagement with Nigeria and the broader West African region,” part of the contract details reads.
“The Registrant (lobbying firm) may advocate for policies and perspectives aligned with the foreign principal’s stated positions, including matters relating to governance, economic policy, and bilateral relations with the United States.
“The Registrant also engages in promotion, perception management, and public relations activities designed to enhance understanding among U.S. policymakers and relevant stakeholders of the foreign principal’s policy positions, leadership posture, and strategic priorities.
“This includes the development of messaging strategies, narrative positioning, and reputational advisory services.
“In furtherance of these activities, the Registrant prepares, distributes, and may assist in the dissemination of informational materials, including briefing memoranda, policy papers, talking points, and related communications, intended to inform U.S. government officials and stakeholders.”
The former vice-president is expected to pay the $1.2 million for the 12-month contract in six instalments.
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