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Home NIGERIAN NEWS

How Herbert Wigwe Secretly Bankrolled City of David Church, Emerged Highest Shareholder in Access Bank

Akolam Emmanuel by Akolam Emmanuel
February 12, 2024
in NIGERIAN NEWS
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It has been revealed that Access Bank Chief Executive Officer, Herbert Wigwe was the one secretly bankrolling City of David Church, a branch of The Redeemed Church of God in the upscale community of Lekki, Lagos…

Last year, in December, Herbert Wigwe moved into his new house at Queen’s Drive, Ikoyi, Lagos.

A mighty, imposing edifice that speaks to his ambition and class.

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It was his dream house, and so no cost was spared in building it.

A state-of-the-art house that is fully digital and automated as well.

You know the type of house where Siri and Google Assistant control the basic functionality of the property.

According to a rough estimate from those with knowledge of the property that I spoke to, over 10 billion naira were spent on the project.
And the reason why Herbert spent that much on the property was not far-fetched.

It was meant to serve as his retirement home in Lagos, so he made sure he spent money to build it.

Three weeks ago, he hosted Africa’s richest man, Aliko Dangote, and his bestie, Femi Otedola, in the new property.

They had dinner together, but before that, he took them around his new property to show the two Forbes billionaires his new acquisition.
He was a man whose palm kernel was cracked by the gods.

Little did Herbert know that it would be the last time he would be hosting Aliko Dangote and his bestie, Femi.

Herbert was a very wealthy man in his lifetime.
Before he died, he was the majority shareholder of Access Bank, as he controlled 9% of the bank.

That 9% shareholding made him the largest shareholder of Access Bank, and the shares he controls are collectively worth $54 million.
For all this humongous wealth, one thing that stood out about him is that he loved God and then committed the wealth that God gave him to serving him and supporting his work.

Before he died, he was an active member of Adeboye’s RCCG, and he worshipped with a branch of the RCCG called City of David, an upscale RCCG church in Lagos, and he was present until his death.

He worshipped with them two Sundays ago.
In 2018, the City of David had an outreach in Makoko; the budget was 800 million.

Herbert brought 500 million of the money, and the church brought the rest.
Until he died, he was paying the salaries of the choir members of City David Chuch secretly and quietly, without making a fuss about it.

The City of David has the biggest church building. for the RCCG family in Lagos, complete with a helipad, and when the project was at its infancy level, Herbert made sure that Access Bank paid for a 10-year lease of the office space to be domiciled in the building.

He did this when the church project was at the foundation, and it took 5 years after the payment for the project to be done and for the bank to occupy the space.

This was who Herbert was. A man who loved God and was unapologetic about it.

I have been reflecting on Herbert Wigwe’s life and how empty life is since I woke up this morning, and I came to one conclusion.

Life is just fleeting.
Do your best to live your life on your terms and create enough memories.
Love the people who love your back, and touch as many souls as you can.
At the end of the day, tomorrow is not guaranteed.

Source: ENigeria News

 

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Akolam Emmanuel

Akolam Emmanuel

Akolam Emmanuel is a deputy editor at ENigeria News. He is an astute writer and experienced journalist with years of editorial excellence. He leads the team of journalists at ENigeria News.

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