Insider Dealing: Herbert Wigwe Purchases Additional Shares of 3.14m from Access Bank

Herbert Wigwe, MD/CEO of Access Bank, Acquired 3.14m Shares from His Bank

Access Bank Plc on Thursday disclosed insider dealing in accordance with the new Nigerian Stock Exchange policy.

In a statement released on the Nigerian Stock Exchange website and signed by Company Secretary, Sunday Ekwochi, the lender said Mr. Herbert Wigwe, the Group Managing Director and Chief Executive Officer, Access Bank, purchased 3,094,853 shares at N6.81 per share and another 50,000 shares at N6.79 per share.

Aggregate information revealed the CEO bought 3,144,859 ordinary shares valued at N21,415,448.93 between June 15 and 16, 2020 from the Nigerian Stock Exchange in Lagos.

The purchase was done through Tengen Holdings (Mauritius) Ltd, the statement shows.

In a similar version, the United Capital Plc reports insider dealing. Mr Obaniyi Samuel Babatunde, the Managing Director, United Capital Investment Banking, purchased ordinary shares of 2,000,000 units at N2.65 per share on June 11, 2020.