Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

analyst75

Herbert Wigwe’s Will Issues

Recommended Posts

Herbert Wigwe's extended family and the kids he left behind are on a warpath.

 

The war started immediately. Herbert, the benefactor of the warring parties, was buried last year.

 

What is at the heart of the war is the vast wealth that Herbert left behind.

 

What are the issues behind the fight between the two parties, and what are the lessons we can learn from the infighting between the two parties?

 

It is story time.

 

1) In 2013, Herbert drafted his will and deposited it with a court in the US.

 

The will was later reviewed in 2015, 9 years before his actual death.

 

But he did more than a will.

 

2) A family office called Tengen Family Office was set up in 2017.

 

What the finance professionals that work for the family office Tengen Family do is simple.

 

To manage the wealth of the founders of Tengen: Aigboje Aig-Imoukhuede and Herbert Wigwe.

 

Aigboje Aig-Imoukhuede is the chairman of Access Bank and the co-founder of Access Bank.

 

AIG and Herbert founded Access Bank together.

 

Speaking of Aigboje Aig-Imoukhuede, Herbert made him a trustee of the will he drafted in 2013 because he trusted his friend, brother and business partner to manage and protect his interest when he is no more

 

And AIG has been doing that since Herbert died.

 

But the conflict is more than AIG and being an enforcer of Herbert will

 

3) Before he died, Herbert was a wealthy man, a billionaire in naira and a millionaire in dollars.

 

He was the largest individual shareholder of Access Bank with a 9% shareholding of the bank.

 

His shares in the bank are worth 125 billion.

 

To buttress the kind of wealth that Herbert left behind

 

After his death, his estate received 1.1 billion in dividends last year for the 2024 dividend from Access Bank that would have gone to Herbert if he were to be alive, but the money will now go to Tochi and her younger siblings, and this payment will continue to the estate as long as Access Bank is in existence and profitable.

 

But he was wealthier than this.

 

He owns a vast real estate portfolio scattered all over the country.

 

He also owns the popular Wigwe University.

 

He built a palatial mansion at Queen Drive, Ikoyi, a palatial house that Herbert did not get to enjoy before he died.

 

He also owns substantial dollar savings running into millions of dollars in his dollar domiciliary account.

 

He also owns a private jet as well.

 

For a man who was this wealthy, he was intentional about his family and their welfare in the event of his passing.

 

5) In the will that he wrote in 2013, which was reviewed in 2015, he was very clear with what he wanted.

 

In the event of his death, his wealth should be managed by his estate and the family office, and the profit from the investment should be enjoyed solely by his kids alone.

 

Not his father, mother, or siblings.

 

His kids alone and he was clear with this instruction

 

When the family office was set up in 2017 to manage his wealth and that of his business partner AIG

 

The same instructions were left by Herbert to the manager of his wealth.

 

6) In his lifetime, Herbert had a cousin who is a lawyer, Uche Wigwe, and because Uche enjoys his confidence and trust, he made Uche and AIG, his business partner, the trustee of his will.

 

7) Herbert died last year; he did not see his death coming and was not ready for it.

 

But he was prepared.

 

Herbert was a meticulous man in his lifetime and so had a will and a family office to protect his kids regardless of their age and gender.

 

It is irrelevant that the only remaining heir is a female.

 

As long as she is Herbert’s kid, acknowledged by him in his lifetime, she is entitled to enjoy the wealth made by her dad.

 

8. After his interment last year at Isiokpo, his extended family had a brainwave.

 

Since Herbert, our benefactor, is no more, we can’t allow the kids to enjoy this vast wealth alone.

 

They're too young to enjoy such a vast wealth, and besides, the oldest of the surviving kids is a 26-year-old, Tochi.

 

Tochi is a woman, and in their thinking, too young to control what his late dad left behind.

The rest of Tochi‘s surviving siblings are younger than her and they are in secondary schools.

 

The Herbert Wigwe family is accusing Tochi of living a champagne life, which they believe she is too young to enjoy.

 

Tochi is living alone with the house servants in the palatial mansion on Queen Drive, Ikoyi, that her dad built, which he did not enjoy before he died.

 

They also accused her of flying private jets and using the private jet that the dad left behind for her local travel.

 

To regulate this extravagance and more, they are demanding 20% ownership of the estate (wealth) left behind by their late son.

 

They also demand joint custody of the kids under the supervision of their 90-year-old dad.

 

9) When the family could not prevail on AIG and Uche Wigwe, the two trustees that are managing Herbert's wealth, to dance to their tune, the case proceeded to the Lagos High Court last year.

 

Just last week, the case was thrown out by the court for lack of merit.

 

To the shock of many following the drama, the Wigwe family went to Appeal court to appeal this verdict by Lagos high court.

 

10) The biggest lesson to take home from this Wigwe soap opera is simple.

 

Nobody knows when death will come, but as a rich man or woman living in Nigeria, put a proper structure in place to protect your family from the greed of your family who wants to reap where they did not sow.

 

Write a will.

 

Establish a family office to manage your wealth.

 

Appoint trustworthy people you trust as trustees and enforcers of your will.

 

This is the debt and the duty you owe your kids.

 

And this is what Herbert has taught us and is the best exemplifier of this. – Attributed


Profits from free accurate cryptos signals: https://www.predictmag.com/ 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.