Aigboje Aig-Imoukhuede Takes Magic to Tanzania

When Herbert Wigwe passed, it became clear that Access Holdings Plc had lost more than a capable CEO. It had also lost the light of vision, direction, and progress. But here comes Aigboje Aig-Imoukhuede, showing himself as the late Wigwe’s peer, every bit as bright. Currently, Aig-Imoukhuede is propelling Access Holdings to new heights with the recent expansion into Tanzania.

Under Aig-Imoukhuede’s visionary leadership, Access Holdings has acquired African Banking Corporation of Tanzania (ABCT) Limited as one part of its many-layered plan to solidify its presence in the East African financial landscape. Once completed, the plan will help position Access Bank Tanzania as a leading player over there, reinforcing Access Holdings as Africa’s most respected bank.

Aig-Imoukhuede’s illustrious career began in the late 1980s, with significant contributions to various financial institutions. In fact, it was his leadership in the 2002 acquisition of Access Bank that transformed it from a regional player into a dominant force in Africa’s banking sector. Clearly, his return to the helm of Access Holdings has reinvigorated the group’s diversified structure.

Access Holdings now boasts a presence in 12 African nations and has ventured into European markets, operating as a holding company for a diverse range of financial entities, including banking, asset management, payments, pensions, and insurance. This follows the bank’s impressive financial performance in 2023, which has only improved in 2024. It is estimated that Access Holdings recorded more than a 120 per cent year-on-year increase in profit, reaching over N150 billion.

By all indications, this is just the beginning. Given enough time, Aig-Imoukhuede may just lead Access Holdings to take over Africa, and then move the magic to the rest of the world.