Access Bank Denies Herbert Wigwe's Arrest - Business

Access Bank Denies Herbert Wigwe's Arrest - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Access Bank Denies Herbert Wigwe's Arrest (21451 Views)

Access Bank Denies Herbert Wigwe's Arrest by Qtsnow(op): 12:33pm On Feb 10, 2020

Access Bank Plc has vehemently denied reports that its Group Managing Director, GMD, Herbert Wigwe has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud.

Some online news sites had reported that the Access Bank boss was arrested for his connection with the assets of former Abia State governor, Orji Uzor Kalu, alleged money laundering for former petroleum minister, Deziani Allison-Madueke, as well as alleged inflation of contracts linked to former Lagos State Governor, Akinwunmi Ambode.

In a notice to the Nigerian Stock Exchange (NSE) on Friday, January 10, 2019 by the company secretary, Sunday Ekwochi, the lender denied the reports, stressing that its officials were only invited for interrogation over credit facilities that were availed Slok Nigeria Limited (owned by Orji Uzor Kalu) by the defunct Diamond Bank plc (which Access Bank had inherited following its merger with Diamond Bank) and which were secured by Slok’s assets charged to Diamond Bank.

In the statement, the bank further explained that the issues had been resolved.

Read the full statement below:

Our attention has been drawn to a trending report on social media regarding the alleged arrest of Mr. Herbert Wigwe, the Group Managing Director of Access Bank Plc (Access Bank) by the Economic and Financial Crimes Commission (“the Commission”).

We wish to state that the issue essentially relates to the credit facilities that were availed Slok Nigeria Limited (“Slok”) by the defunct Diamond Bank plc (“Diamond”) and which were secured by Slok’s assets charged to Diamond. Access Bank had inherited the Slok credit following the recent merger of Diamond with Access Bank.

Given the differing interest of the Commission and the Bank on the assets of Slok deriving from the court’s recent judgment on Slok, the Commission had invited for interrogation officials of Access Bank who were handling the Bank’s recovery efforts on Slok credit including its Group Managing Director.

Following fruitful engagement between the Bank and the Commission, we are of the opinion that the issues relating to Slok investigation have been resolved.

As an institution built on best practice, we wish to assure our esteemed stakeholders that the Bank will continue to conduct its business in line with extant laws and relations

Sunday Ekwochi

Company secretary

https://www.pmnewsnigeria.com/2020/01/11/access-bank-denies-arrest-of-its-gmd/

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by Nobody: 5:43am On Feb 13, 2020*

hmmmmm,... na wa oo grin

Note: Tommorow is val, no allow em carry u handicap or No , u are Oyo if u loose gard grin

9 Likes

Re: Access Bank Denies Herbert Wigwe's Arrest by Flexherbal(m): 5:43am On Feb 13, 2020

Access Bank Plc has vehemently denied reports that its Group Managing Director, GMD, Herbert Wigwe has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud.

Re: Access Bank Denies Herbert Wigwe's Arrest by opalu: 5:44am On Feb 13, 2020

Re: Access Bank Denies Herbert Wigwe's Arrest by MyVILLAGEpeople(m): 5:44am On Feb 13, 2020

This is exactly how Innosson case started. This administration keeps witch-hunting successful Igbo business men. I know yelobam moozelems will be happy with this news.

17 Likes 1 Share

Re: Access Bank Denies Herbert Wigwe's Arrest by Kaa4(m): 5:45am On Feb 13, 2020

Is this the first or second time. We have heard this news before. It should come with the territory and should be nothing new.

Re: Access Bank Denies Herbert Wigwe's Arrest by NigeriaBam: 5:45am On Feb 13, 2020

Re: Access Bank Denies Herbert Wigwe's Arrest by Jossyroyal1: 5:46am On Feb 13, 2020

There is no time that the truth won't come up but for now, let the denying continue.

Re: Access Bank Denies Herbert Wigwe's Arrest by Hisroyalbadmeat(m): 5:46am On Feb 13, 2020

Enemies every where undecided

5 Likes

Re: Access Bank Denies Herbert Wigwe's Arrest by OakConsultNG: 5:47am On Feb 13, 2020*

Interesting..

Meanwhile, register your Business, Church and Company with the CAC at discounted prices. Check our signature and page for more details.

Offer lasts for a limited period only.

Re: Access Bank Denies Herbert Wigwe's Arrest by wizkidblogger(f): 5:47am On Feb 13, 2020

hope it's not the cause of the poor access bank services lately... angry

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by Jestin: 5:48am On Feb 13, 2020

Who can guild me on how to use the light at access bank ATM stand to read my books? Me self want to hammer

Re: Access Bank Denies Herbert Wigwe's Arrest by commodore007: 6:01am On Feb 13, 2020*

There is no smoke without fire.Corruption would not hold sway.If everyone is in the look out,for example corporate giants in collaboration with politicians perpetuate fraud, monies don't have hands and legs, there are various means through which public funds are diverted to private pockets,Even teachers and lecturers are also guilty of this anomaly because they award FAKE CERTIFICATE to people who are not qualified to even write common entrance exams,religious leader are also included. The list is endless .

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by Debaiz: 6:02am On Feb 13, 2020

That mans day in court is fast approaching. For his role in the butchering of Intercontinental bank.

Thank God PMB came in. He was already salivating on becoming the CBN Governor.

4 Likes 1 Share

Re: Access Bank Denies Herbert Wigwe's Arrest by Goldencheese(m): 6:03am On Feb 13, 2020

Bloggers and audio arrest! They must chop! grin

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by jaxxy(m): 6:05am On Feb 13, 2020

Access is doing very well, u can’t hold bank staffs/chiefs responsibie for government frauds most times cos these top government officials that carry out these frauds have sm level of protection by our vulnerable government laws and power to do almost what they like when in power.

Re: Access Bank Denies Herbert Wigwe's Arrest by bluecircle470: 6:08am On Feb 13, 2020

MyVILLAGEpeople:
This is exactly how Innosson case started. This administration keeps witch-hunting successful Igbo business men. I know yelobam moozelems will be happy with this news.

Your village people still dey follow you

12 Likes 2 Shares

Re: Access Bank Denies Herbert Wigwe's Arrest by MyVILLAGEpeople(m): 6:09am On Feb 13, 2020

bluecircle470:
Your village people still dey follow you

Na u Sabi

Re: Access Bank Denies Herbert Wigwe's Arrest by ednut1(m): 6:09am On Feb 13, 2020

Fraud and money laundering are facilitated by bank MDs. Not new

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by 9jaRealist: 6:17am On Feb 13, 2020

Debaiz:
That mans day in court is fast approaching. For his role in the butchering of Intercontinental bank.

Thank God PMB came in. He was already salivating on becoming the CBN Governor.

Only in a corrupt nation like Nigeria is someone like Intercontinental Bank's Erastus Akingbola not in jail...SMDH
>

3 Likes

Re: Access Bank Denies Herbert Wigwe's Arrest by Nobody: 6:17am On Feb 13, 2020

All Nigerian Bankers are one way or the other criminals, thieves and fraudsters

Apart from their cashiers

Re: Access Bank Denies Herbert Wigwe's Arrest by bhella10: 6:18am On Feb 13, 2020

After finishing Diamond abi Wigwe?

Re: Access Bank Denies Herbert Wigwe's Arrest by wilemer: 6:19am On Feb 13, 2020*

Qtsnow1:
Read the full statement below:

Our attention has been drawn to a trending report on social media regarding the alleged arrest of Mr. Herbert Wigwe, the Group Managing Director of Access Bank Plc (Access Bank) by the Economic and Financial Crimes Commission (“the Commission”).

We wish to state that the issue essentially relates to the credit facilities that were availed Slok Nigeria Limited (“Slok”) by the defunct Diamond Bank plc (“Diamond”) and which were secured by Slok’s assets charged to Diamond. Access Bank had inherited the Slok credit following the recent merger of Diamond with Access Bank.

Given the differing interest of the Commission and the Bank on the assets of Slok deriving from the court’s recent judgment on Slok, the Commission had invited for interrogation officials of Access Bank who were handling the Bank’s recovery efforts on Slok credit including its Group Managing Director.
https://10.rubis.uk/rj854.png

nothing will come out of this

Re: Access Bank Denies Herbert Wigwe's Arrest by NairalandAngel(m): 6:20am On Feb 13, 2020

Re: Access Bank Denies Herbert Wigwe's Arrest by Kobicove(m): 6:21am On Feb 13, 2020

You can't arrest him for a loan that was given and signed off by the Board Credit Committee undecided

Re: Access Bank Denies Herbert Wigwe's Arrest by Nobody: 6:27am On Feb 13, 2020

The amount of money laundering going on in most Nigerian banks. lipsrsealed

Re: Access Bank Denies Herbert Wigwe's Arrest by gambia(m): 6:29am On Feb 13, 2020

Base on Logistics.

Most Nigeria banks MDs do assist politicians in laundering money, so am not surprised. undecided

Re: Access Bank Denies Herbert Wigwe's Arrest by megacity: 6:32am On Feb 13, 2020

SLOK borrowed from the bank

The bank's interest must therefore be taken into account in the event of SLOK being taken over by the FG. Fair enough

Re: Access Bank Denies Herbert Wigwe's Arrest by Qoko: 6:43am On Feb 13, 2020

MyVILLAGEpeople:
This is exactly how Innosson case started. This administration keeps witch-hunting successful Igbo business men. I know yelobam moozelems will be happy with this news.

Na Mumu you be, se na ' Wigwe own yhe 'bank

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by TGM2015: 6:44am On Feb 13, 2020

Possibly the forfeited Slot Asset stands as collateral for the loan. Same happens in Union Bank and Ikoyi money. The forfeited house with no owner made Union Bank surface as the legally owner of the property as they have take over the property based on defaulted loan for which the house was used as collateral.

The unfortunate part is, in this type of situation, the bank has to choose between recovering depositor money and negative publicity. The hard part is, they have no alternative, both must happen.

1 Like

Re: Access Bank Denies Herbert Wigwe's Arrest by sexiestharam(f): 6:53am On Feb 13, 2020*

1 Like

1 2 Reply

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