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Herbert Wigwe, his wife, and their son were buried in their hometown.

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Herbert Wigwe, his wife, and their son were buried in their hometown.

Herbert Wigwe, his wife, and their son were buried in their hometown.

 

People from all over the world came to say goodbye to Mr. Herbert Wigwe, one of the important figures in the banking industry, in a very moving ceremony that was held yesterday in the Isiokpo community in the Ikwerre Local Government Area of Rivers State. He was interred alongside Chizoba and their son Chizzy in a private cemetery on the Wigwe University campus.

On February 8, 2024, an Airbus Helicopter EC 130B4 carrying Herbert, Chizoba, and Chizzy Wigwe, along with Abimbola Ogunbanjo, the former Group Chairman of Nigerian Exchange Group Plc (NGX Group), and two pilots, perished in a tragic incident near Halloran Springs, California, in the United States.

Senator Godswill Akpabio, the president of the Senate, praised the attributes of the late Herbert Wigwe, a well-known international citizen and significant figure in the banking sector. Rivers State Governor Siminalayi Fubara promised to preserve Wigwe University’s legacy and to live on in his memory forever. Senator Aminu Tambuwal, a representative from Sokoto South in the National Assembly and a former governor of Sokoto State, emphasized Wigwe’s enduring influence.

The atmosphere at the Lion of Judah Parish of the Redeemed Christian Church of God (RCCG) in the Isiokpo community was somber as dignitaries gathered early in the morning, awaiting the arrival of the deceased. The arrival of the remains of Herbert, Chizoba, and Chizzy Wigwe, accompanied by a procession of ambulances, a convoy, and a musical band, marked a moment of profound grief for all in attendance.

As we reflect on the lives and contributions of Herbert Wigwe and his family, we are reminded of the indelible mark they have left on the banking sector and beyond. Their untimely departure serves as a poignant reminder of the fragility of life and the importance of cherishing every moment with our loved ones.

Some were sighted crying profusely, lamenting the great loss to the country.
Prominent dignitaries at the event include Senate President, Senator Akpabio; Governors Fubara (Rivers), Babajide Sanwo-Olu (Lagos), Alex Otti (Abia), Douye Diri (Bayelsa), Dapo Abiodun (Ogun), and Eno Umo (Akwa Ibom); President of Dangote Group, Alhaji Aliko Dangote; presidential candidate of the Labour Party (LP) in the 2023 election, Mr. Peter Obi; Chairman of THISDAY/ARISE Media Group, Prince Nduka Obaigbena; Co-Founder of Access Bank, Aigboje Aig-Imoukhuede; Founder of Stanbic IBTC Bank, Atedo Peterside; Minister of Finance and Coordinating Minister for Economy, Olawale Edun; former Senate President, Dr. Bukola Saraki; and former Governor of Sokoto State, Tambuwal.

Others include: Group Managing Director/Chief Executive Officer of Zenith Bank, Ebenezer Onyeagwu; Group Chief Executive Officer of Guarantee Trust Holding Plc, Segun Agbaje; Chairman of Access Bank, Paul Usoro (SAN); former Minister of Transportation, Rotimi Amaechi; former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi; former Delta State governor, James Ibori; former Ekiti State governor, Dr. Kayode Fayemi; former Rivers State governor, Celestine Omehia, among others.

In his remarks, the Senate President, Senator Akpabio, who spoke on behalf of the federal government and the National Assembly, described Herbert Wigwe as a global citizen and iconic figure who invested heavily in lives and fed many people across the globe.
Akpabio also described the late Wigwe as a great mentor, saying that he mentored a lot of younger people.
The Senate President added that the late banking icon was a serious role model for the future generation, saying, “You can build from nothing and get greatness, and with hard work, you can achieve greatness.”
Akpabio said, “The university he has left behind was because of his passion for education. He helped and educated a lot of people. As I said, so many are enshrined in his heart because he sent so many to educational citadels across the world. Leaving this education for us, the university is not just for Nigerians but the entire global community.”

Speaking further, Akpabio described Wigwe as a global banker who left a legacy in education that he will be remembered for in years to come.
He said, “It’s not how long you lived, but how well and the impact. Here was a young man who left so much impact that generations were unborn; he gave food to so many people in Nigeria and globally. In many countries in Africa, in Dubai, and other places, he was in China. He did a lot.
“He put food on the tables of so many people in the world. So, I regarded him as a ‘Global Citizen,’ an icon of the world that we have lost. Unfortunately, he died together with his wife and first son,” Akpabio added.
Describing the incident that led to the death of the business guru as a tragedy, the Senate President said: “I pray Nigeria should never witness this again, and may it never happen to any family. If only you were close to him, you could understand the energy and vivaciousness that Nigeria has lost. Herbert Wigwe was a great man; he was a friend to all—a man who smiles without question, who touches lives without asking.”
According to Akpabio, “Sometimes God gives signs that say that those that God loves most, he takes them young. He was doing everything in a hurry. You see the fantastic structure for his retirement home for his family in Lagos, even the beautiful university—one of the best in the whole of West Africa—that he has concluded.”

He continued: “For all of us who are mortal, this death is very painful. We are not going to cry in one day alone; we will cry for so many days. When you remember the fact that his heir, Chizzy, was already an iconic figure—a talented young man, highly educated from the best university, prepared to take over the empire from his father—and yet he is no more, you will cry.
“When you think that the wife who could have been here to mourn with us joined him, then you will cry. Then you will ask yourself, just like Governor Fubara said, What is the struggle all about?” Akpabio queried.

Earlier in his speech, the governor of Rivers State, Fubara, assured that the state government will immortalise the late Herbert, adding that the state will ensure the success of Wigwe University, which he noted was the only investment attached to the name of the financial guru.
The governor expressed the need for people to impact society, especially in the lives of the needy, adding that life is a journey that will someday reach its destination.
Governor Fubara said, “I have this question always on my mind. What is life all about? Yesterday night, we sang a hymn saying, ‘Fading away from the sun in the morning’, and I concluded that life is not the one million years that we lived, but even if we spend an hour, let the hour be impactful. He has made a great contribution to humanity.”
Fubara lamented: “Here lies our brother, his wife, and his son. Everyone has come to celebrate them; it means that even in the short period that he lived, he lived an impactful life.

“The next question had to do with our political class: What is all this trouble all about? You want to kill, you want to bury—what is it all about? This is a man, not a politician; he made his money through us—our investment. He has the world in his hands; he controlled even the political class, but today, with all the financial power, he couldn’t control life,” the governor said.
Speaking further, Fubara said Wigwe’s death had prompted him to question his fellow political class on why they are struggling for power more than making impacts on the lives of the people.

“This one has to do with the political class; what are all these struggles all about? You want to kill, you want to bury; what is it all about?” he queried.
Governor Fubara, however, thanked his counterpart in Lagos State, Babajide Sanwo-Olu.
“I felt a bit unhappy because he (Sanwo-Olu) took a shine; he’s been very supportive of the programme right from the beginning, throughout the programme in Lagos, and he is not even a Rivers man. It will not be complete if I do not mention Alhaji Aliko Dangote for his support,” Fubara added.
Fubara assured that: “We as a state, which by the special grace of God that I represent, I am the host, nobody can take that away from me. I want to say that our brother has finished his work, though shortly. We, as a government, will do everything with the Wigwe Foundation to immortalise one thing that has his name, which is Wigwe University.

“We will do everything within our power to make sure that the dream will continue to live just as he had planned it. It is a difficult situation for many of us. It is affecting me; I am an in-law here. We must do everything to keep the name of our brother,” the governor said.
“At this critical time, it is not the crowd here that will console you; the only person that will give you everlasting consolation is God, and God will fill that gap for you,” he added.

Speaking today at the event, Tambuwal said Herbert left a lasting legacy.
“Herbert Wigwe was someone who was at his prime, doing his best and giving his best to the financial service of Nigeria. But we cannot question God. It was his time; the Almighty God had called upon him, and he had answered the call.
“Our consolation is that he did very well and has left a very lasting legacy.”
At the end of the church service, which ended at about 2 p.m., the remains of the Wigwes were laid to rest at the premises of the Wigwe University.

In honoring the memory of Herbert Wigwe, Chizoba, and Chizzy, let us carry forward their legacy of excellence, compassion, and dedication to community service. May their souls rest in peace, and may their legacy continue to inspire generations to come.

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#CHIVIDO24: See Loved Up Photos From Davido and Chioma’s Pre-wedding Photoshoot

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Naijanewsngr reports that Davido and Chioma have released their pre-wedding snapshots and videos, asserting that their wedding, which is scheduled for the 25th of June, 2024, is OFFICIAL.  Fans have tagged the wedding to be the final bus stop for a love that stood the test of time. They have asserted that the four year wait after the release of Davido's song 1 Milli where he featured his now Fiance, has been worth it.  See pictures and Videos from the Pre-wedding photoshoot;

 

Naijanewsngr reports that Davido and Chioma have released their pre-wedding snapshots and videos, asserting that their wedding, which is scheduled for the 25th of June, 2024, is OFFICIAL.

 

Fans have tagged the wedding to be the final bus stop for a love that stood the test of time. They have asserted that the four year wait after the release of Davido’s song 1 Milli where he featured his now Fiance, has been worth it.

 

See pictures and Videos from the Pre-wedding photoshoot;

#CHIVIDO24: See Loved Up Photos From Davido and Chioma's Pre-wedding Photoshoot

#CHIVIDO24: See Loved Up Photos From Davido and Chioma's Pre-wedding Photoshoot

More wedding updates loading

 

AREN’T THEY BEAUTIFUL!!

 

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Dangote Refinery to set up terminal in the Caribbean for export of petroleum products

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Dangote Refinery to set up terminal in the Caribbean for export of petroleum products

Dangote Refinery to set up terminal in the Caribbean for export of petroleum products

Dangote Refinery is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.

Aliko Dangote, the president and CEO of the refinery, made this disclosure on Wednesday at Afreximbank’s Trade and Investment Forum in The Bahamas.

The business mogul said the company can easily supply petroleum products to the region within 18 to 20 days.

According to Africa’s richest man, the company will sign a bilateral agreement with the region to construct the terminal for the exportation of its petroleum products.

“I know the price in the Caribbean in terms of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.

“We will have a bilateral agreement with them and also bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.

“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster,” Dangote said.

Dangote to also export Cement to the Region
In addition, the CEO of the $20 billion refinery mentioned that the conglomerate is not only seeking to invest in petroleum products in the region but also in cement.

Dangote stated that the company’s cement production capacity is nearly 52 million tons and will increase to about 62 million tons by the end of next year.

He added that the firm can meet the demand of the Caribbean market, creating a win-win situation for both parties.

“It’s not only about the oil. We now have a capacity of almost 52 million cement capacity. By the end of next year, we will be at 62 million of cement capacity. We are not only saying that we can bring in from Nigeria or from Africa.

“If they have limestones, we can also produce what can satisfy them. We’ve done that before in Africa and we should be able to free them up from the shackles of other people.

“If we the ingredients like the limestones etc, it’s a 28 months maximum. They can all be self-sufficient. It will be a win-win between us and them,” Dangote said.

What you should know
The Dangote refinery with a 650,000 barrel refining capacity has been described as the “game changer” of the oil and gas sector.
The refinery will be the largest in Africa and Europe once it begins full operation later next year.
According to reports, the $20 billion petroleum facility is expected to disrupt the $17 billion Africa-European market and reduce the continent’s dependence on imported petroleum products from Europe.
In addition, Dangote stated that the company is also eyeing the Brazilian market and other North American countries to supply refined products from the refinery.
“Our capacity is too big for Nigeria. It will be able to supply West Africa, Central Africa and also Southern Africa,” Dangote said in a panel discussion in Rwanda a few weeks ago.

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Dangote Refinery Mulls Lagos, London Stock Exchange Listings

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Dangote Refinery to set up terminal in the Caribbean for export of petroleum products

Dangote Refinery Mulls Lagos, London Stock Exchange Listings

The Dangote refinery is aiming for a dual listing on the London and Lagos bourses, a senior executive at the firm, Devakumar Edwin, has told Reuters.

Africa’s richest man and Chairman of the group, Aliko Dangote was earlier on Tuesday, quoted as saying he could try to list the company in Nigeria by the end of the year.

It is coming about six months after Dangote, also told the Financial Times of his intentions to publicly list the subsidiary of the Group, Dangote Petroleum Refinery on the Nigerian Exchange Limited.

At the time, Dangote stated that the company had resolved challenges about crude oil supply and was prepared for the listing.

The billionaire businessman already has some companies listed on the NGX, including Dangote Cement, Dangote Sugar Refinery and Nascon Allied Industries.

The refinery managers said there was need to approach the London Exchange because the Nigerian bourse may not have the capacity to handle it exclusively.

Asked to comment on Dangote’s statement to local media, Edwin told Reuters: “We have listed all our businesses. The NSE (Nigerian Stock Exchange) will not have adequate depth to handle exclusively the petroleum refinery. We would have to take it to LSE (London Stock Exchange) but also list in NSE.”

The refinery, Africa’s largest, built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion, was completed after several years of delay.

It can refine up to 650,000 barrels per day (bpd) and will be the largest in Africa and Europe when it reaches full capacity this year or next.

Dangote has been trying to secure crude supplies for his refinery. He has interests in Dangote Cement, Dangote Flour Mills and Dangote Sugar, all listed on the Nigerian bourse.

In May, the company reached its first supply deal with TotalEnergies, after it put out a tender for 2 million barrels of West Texas Intermediate (WTI) Midland crude every month for a year starting in July, according to tender documents.

The company since earlier in the year, has been refining diesel, jet fuel and other petroleum products and is expected to begin the production of petrol in June.

Meanwhile, the Nigerian National Petroleum Company Limited (NNPC) has said it recorded 310 cases of crude oil theft in the past week.

In its weekly update on the activities of the national oil company, the NNPC said that the cases were discovered between May 18 and May 24.

“Between May 18 and 24, 310 cases were recorded across the Niger Delta region by several incidence sources,” the NNPC stated.

In Grey Creek, Akwa Ibom state, it said a fuel station selling illegally refined fuels into cans and drums was uncovered in the past week, revealing that 122 illegal refineries were also uncovered in Bayelsa and Rivers states

According to the company, they were spotted in Tombia II, III, IV, and Umuajuloke, in Rivers state; Iduwini, Biogbolo, and Ajatiton, in Bayelsa state, while 65 illegal connections were discovered across several locations in Akuwa Odoka, Umuajuloke, and Watson Point, also in Rivers state as well as along Soku Sand Barth pipeline in the state.

It added that vandalised wellheads were discovered in Tombia IIII in Rivers state and Egbema in Imo state, where a pit filled with crude oil from a vandalised wellhead was discovered.

In Ndoni, Rivers state, NNPC said it uncovered a vandalised pipeline channelled to a nearby oil pit, while five illegal storage sites were spotted in sacks, pits, cans, and in a fuel station.

The NNPC stated that 20 vehicle arrests were made in Delta and Imo states while 48 infractions were reported at sea. Also, 39 wooden boats conveying stolen crude or illegally refined products were seized and confiscated across several creeks in Bayelsa and Delta states, it said.

NNPC said 48 of the incidents occurred in the deep blue water, 40 in the western region, 134 in the central region, and 88 in the eastern region.

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