The Chairman of Access Holdings Plc, Mr. Aigboje Aig-Imoukhuede has mopped up 45 million shares of Access Holdings through an entity related to him.
The Access Holdings chairman made the acquisition through Tengen Holdings (Mauritius) Limited.
The details of the transaction with identification code ISIN: NGACCESS0005, seen by NewsNGR, revealed that the share purchase price per unit was N17 per share.
Aigboje’s Tengen Holdings spent N765m to acquire the 45,000,000 shares, NewsNGR can confirm.
The deal was closed on Monday, May 27, 2024.
Aigboje is the co-founder of Access Bank alongside former Managing Director and Chief Executive Officer, Herbert Wigwe who controlled 201,231,713 direct shares and 2,386,055,403 indirect shares before he died in February 2024 in the California crash alongside his wife and child.
Wigwe’s indirect shares were held through Coronation Trustees Tengen Mauritius which has 1,264,264,206; United Alliance Company of Nig. Ltd which controls 537,734,219 and Trust and Capital Limited which controls 584,056,979 shares.
Based on Aigboje’s profile on Access Corporation, he co-founded Tengen Family Office and oversees a significant portfolio of investments and businesses in banking, finance, insurance, technology, real estate and energy.
The other co-founder of Tengen Family Office is Wigwe.
Aigboje became group managing director and chief executive officer of Nigeria’s Access Bank in 2002 before his business partner, Wigwe succeeded him in 2014.