Herbert Wigwe Linked to 106 London Properties Ownership

The late Herbert Wigwe, who served as the Group Chief Executive Officer of Access Holdings Plc (NGX: ACCESSCORP), has been linked to the ownership of 106 properties in London, placing him seventh among billionaire real estate holders in the British capital. This information emerged from a report that investigated the ownership of 32,611 properties in London owned by overseas entities, following recent changes in UK law that mandate foreign companies to disclose their beneficial owners.

The investigation revealed previously hidden ownership of prime real estate across the city, including significant commercial and residential locations such as Oxford Street, Canary Wharf, and Greenwich Peninsula. Wigwe tragically passed away in a helicopter crash in the United States in February 2024, alongside his wife and son, Abimbola Ogunbanjo, the former Nigerian Exchange Group (NGX: NGXGROUP) Chairman.

The report highlights the growing scale of foreign investment in London's real estate market, with many wealthy individuals and entities holding property portfolios through offshore companies registered in jurisdictions like Jersey.