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Tinubu, CBN, Access Holdings pay tributes

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By Francesca Hangeior

President Bola Tinubu, Central Bank of Nigeria (CBN)’ governors and Board of Directors of Access Holdings Plc have mourned the death of Wigwe in a helicopter accident.

Tinubu, in a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, also said the passage of Abimbola Ogunbanjo, Wigwe’s wife and son was shocking.

He described the crash that took away two senior members of the Nigerian business community as “an overwhelming tragedy that is shocking beyond comprehension.”

The statement reads: “After receiving an official confirmation of events, President Bola Tinubu received with shock and deep distress the news of the passing of Mr. Herbert Wigwe, top banker and entrepreneur, and Mr. Abimbola Ogunbanjo, , former group chairman of the Nigerian Exchange Group Plc, along with members of the Wigwe family.

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“Mr. Herbert Wigwe, CON, was the group chief executive officer of Access Holdings Plc and founder of the How Foundation.

“President Tinubu mourns these exceptional Nigerian business leaders and describes their passing as ‘an overwhelming tragedy that is shocking beyond comprehension.

“The President condoles with the Wigwe and Ogunbanjo families, the business community, and all those impacted by this harrowing incident.

“President Tinubu prays for the peaceful repose of the departed and asks God Almighty to comfort the multitude of Nigerians who are grieving and the families of the deceased at this deeply agonizing moment.”

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Olayemi Cardoso, governor of the CBN in a terse statement, also condoled the Wigwe and the Ogunbanjo families.

Cardoso prayed for the repose of the souls of the deceased.

Details of how helicopter crash claimed Herbert Wigwe, wife, son, others emerge

He wrote” “Our profound condolences to the Wigwe family and Access Holdings on the passing of the co-founder and Group Chief Executive Officer of Access Holdings, Dr. Herbert Wigwe, his wife, Chizoba, and son, Chizi, alongside Otunba Abimbola Ogunbanjo, former Group Chairman of the Nigerian Exchange Group, in the United States of America, on February 9, 2024.

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“May their souls rest in peace.”
Access Holdings Plc board of directors which formally announced demise of its GCEO, expressed its “deep and sincere sympathies” to the Wigwe family.

It described Wigwe as “a key driving force and a larger-than-life personality” with a “vast business experience.”

In a statement, the board said: “The entire Access family mourns the loss of Herbert, Doreen and Chizi. We extend our deep and sincere sympathies to his family and loved ones. Dr. Wigwe was a key driving force and a larger-than-life personality who brought his remarkable passion, energy, and experience to the transformation of the Access franchise since joining the Bank in 2002.”

The statement also quoted the Chairman of Access Holdings, Abubakar Jimoh, as saying: “The Access Family has suffered a major loss with the passing of Wigwe who was a great friend and fine gentleman. He had a prodigious intellect, admirable personal qualities, and vast business experience which he brought to bear on the Access Family and for which we owe him a debt of gratitude.

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“We remain confident that the Access Group will build further on Dr. Wigwe’s legacy of growth and operational excellence.

The company also announced that it would soon announce an acting Group Chief Executive Officer to replace Wigwe.

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Just in: Ex-HoR member finally regains freedom after serving jail term in Kuje

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Ex- House of Representatives member, Hon Farouk Lawan has finally regained freedom after serving his jail term at Kuje custodial.

Lawan in a statement he personally signed thanked his family and friends who supported him while serving his jail term in Kuje.

Read statement below:

“I Thank Almighty Allah – Hon Farouk Lawan

Alhamdulillah
Alhamdulillah
Alhamdulillah

“Today marks the beginning of a new chapter in my life as I step out of Kuje Custodial Centre, with a heart full of gratitude to Allah SWT for seeing me through this trial.

“My gratitude is deep, I’m alive and in good health and high spirits to be with my family, friends and associates. I don’t take that for granted.

“I remain grateful and indebted to my family and friends who stood by me through this particularly trying phase of my life.

“May Allah SWT bless you🙏

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Reps Displeased With Nigerian Navy Over Arbitrary Purchase of Foreign Platforms, Seaman Abbas’ Dismissal

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By Gloria Ikibah
The House of Representatives has expressed displeasure with the Nigerian Navy for indiscriminate acquisition of foreign platforms without its knowledge, and failed to respond to its letters demanding for documents to facilitate effective oversight of the security agency.
Chairman, House Committee on Navy, Rep Yusuf Gagdi stated this while addressing journalists after a closed door meeting with the leadership of the Nigerian Navy, during an oversight visit, on Monday in Abuja.
He said: “We cannot say anything now until we have gone to see those projects, the platforms that are being built, then we can come back here, and have another interaction”.
Gagdi also provoked with the Nigerian Navy over at manner in which the case of a personnel, Seaman Haruna Abbas, was handled, leading to his dismissal after six years in detention.
Abbas was allegedly held in detention for the period without trial over some disciplinary issues. As a result, his wife had cried out through a popular Abuja radio programme, Brekete Family Radio and Television programme on Human Rights Radio. This sparked wide condemnation before the Navy tried and subsequently dismissed him from service.
“We came for an oversight function, you all know every committee has the Constitutional power, so we came to the Navy to ask questions on tax payers’ money, how monies appropriated to the Navy is being spent.
“We came to ask questions on how interventions by the President of the Federal Republic of Nigeria is being spent by the Navy. How the junior officers are being treated by the senior officers, including the famous case of Seaman Haruna, how he was suddenly dismissed. It is our responsibility on behalf of the Nigerian people to  ask questions on these pertinent issues.
“We’ve asked them, but we are generally uncomfortable with them, so we’ve said that we are going to go on oversight visit, to perform a deep rooted oversight to know how resources are being applied and how disciplinary matters are being handled by the Navy.
“So by the special grace of God, it’s not a new thing, we are only doing our job. And I have told you without any fear of contradiction that the committee is not satisfied.
“Beyond the Seaman Abbas issue, we are not satisfied with the non-response to letters written by this committee, for documents demanded to guide us in our oversight function and so on, and the acquiring foreign platforms without the knowledge of this committee, and so many things.
“We cannot say anything now until we have gone to see those projects, the platforms that are being built, then we can come back here, and have another interaction”, he added.
In his brief earlier, the Chief of Naval Staff,  Vice Admiral Emmanuel Ogalla, told the committee that the Navy was facing several challenges hinging on but not limited to “inadequate resources to effectively carry its operations.”
The CNS stated that beyond its military responsibility, the Navy also performs the function of policing the waterways, complementing the Nigeria Customs which has no deep-sea policing capacity.
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SEE Black Market Dollar To Naira Exchange Rate Today, October 22

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See Exchange Rate As Naira Gains 0.07%

Black Market Dollar To Naira Exchange Rate Today, October 22 2024 Can Be Accessed Below.

The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates.

Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand for dollars in the market. While you can currently purchase one dollar at a certain rate, it’s important to remember that the rate can shift (either upwards or downwards) within hours.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1715 and sell at N1725 on Monday 21st October 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1715
Selling Rate N1725
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1651
Selling Rate N1652
Please note that the rates you buy or sell forex may differ from what is captured in this article because prices vary.

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