Herbert Wigwe, Access Bank GMD/CEO, to Pocket N1.214 Billion in Dividend for 2020 Financial Year

Herbert Onyewumbu Wigwe, the Chief Executive Officer and Group Managing Director of Access Bank Plc, one of Nigeria’s leading financial institutions, will earn N1.214 billion in dividend for the financial year ended December 31, 2020.

The GMD/CEO grew his Access Bank stocks from 1,441,522,910 or 4.06 percent in 2019 to 1,517,850,729 or 4.27 percent in 2020.

Access Bank paid a 25 kobo interim dividend and proposed another 55 kobo final dividend for the 2020 financial year, bringing the total dividend for the year to 80 kobo per share.

Therefore, the GMD/CEO will pocket N1.214 billion in dividend in 2020.

Mr. Herbert Wigwe, FCA, started his professional career with Coopers & Lybrand Associates, an international firm of Chartered Accountants. He spent over 10 years at Guaranty Trust Bank Plc where he managed several portfolios, including financial institutions, large corporates and multinationals.

He left Guaranty Trust Bank as an Executive Director to co-lead the transformation of Access Bank Plc in March 2002 as Deputy Managing Director. He was appointed Group Managing Director/CEO effective January 1, 2014.

Mr Wigwe is an alumnus of the Harvard Business School Executive Management Programme. He holds a master’s degree in Banking and International Finance from the University College of North Wales, a master’s degree in Financial Economics from the University of London and a B.Sc. degree in Accounting from the University of Nigeria, Nsukka.

He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). Mr Wigwe is the Chairman of The Access Bank (UK) Ltd and a Non-Executive Director of Nigerian Mortgage Refinance Company Plc; FMDQ OTC Securities Exchange; Shared Agents Network Expansion Facilities Ltd and Agri-Business/ SME Enterprises Investment Scheme.

He also sits on the Boards of CACOVID-19 LTD/GTE, HIV Trust Fund of Nigeria and the Nigerian Business Coalition Against Aids.