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Herbert Wigwe made money from corruption in the banking system – Bode George



Group Managing Director/CEO of Access Bank Plc, Herbert Wigwe

A video has emerged of Chief Bode George, a chieftain of the People’s Democratic Party, PDP, accusing Herbert Wigwe of amassing wealth through corruption in the banking sector. 

The PDP chieftain, who spoke on the alleged wrongdoings of the embattled Central Bank of Nigeria Governor, Godwin Emefiele, noted that Emefiele played a significant role in enriching Wigwe and Tony Elumelu, the Chairman of the United Bank for Africa, UBA.

Bode George’s speech party reads, “How can an MD? Who the heck is Elumelu? What did he do? Where is his factory?

“He was a bank man, a floor bank man who somehow got licensed. At the same time, there was Adeola.

“All of them are stupendously wealthy now.”


Speaking on behalf of the late Access Holdings CEO, he said, “Wigwe, who became MD of Access Bank immediately after the other man left, has now established a university.

“He has the temerity to advertise that university on CNN. Wigwe University. That was personally established by him.

“Where is the money? Where is the factory? Access Bank.”

It will be recalled that the Chronicle NG reported that Wigwe died on Saturday in a helicopter crash along with his wife and son.


Until his demise, he was the CEO of Access Holdings PLC.

Speaking on how they allegedly amassed their wealth, he noted that they get the US dollars at cheaper rates from the CBN but sell them to black marketers at an inflated rate.

“What is the practice?” he asked. “They release dollars to them (their banks) once every month they use the dollars,” he added.

“If it is 1 to 200, they’ll get the Mallams (black marketers) to say 1 to 200. You see that profit; what do they do with it? Who are the commercial people that need it and get it?”


He added that people hardly get dollars from the banks unless they are highly placed in society.

He noted that the unavailability of dollars in commercial banks forces people to patronise black marketers.

Bode George had urged the federal government to invite Wigwe until his demise and Elumelu for discussions on what “they have done to this nation because the rottenness started from there and has been going on for years.”

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