Otutochi Wigwe Seeks Control of Parents' Yacht in BVI Court

Otutochi Wigwe, daughter of the late Herbert Wigwe, the Managing Director and Chief Executive Officer of Access Bank (NGX: ACCESSCORP), has filed an application in the High Court of Justice of the British Virgin Islands to secure control of Grosvenor Marine Ventures Ltd., which owns the luxury yacht Chitochi. This legal action follows the tragic helicopter crash that resulted in the deaths of Herbert, his wife Doreen, and others.

The yacht is the only remaining asset of the company, which was dissolved on November 5, 2024, due to non-payment of annual fees. Otutochi, alongside Uchechukwu Wigwe, described as an intended administrator and cousin-in-law, seeks to preserve the company’s shares and facilitate the yacht's sale.

Chitochi, a 2016 Custom Line 108 yacht, is currently listed for sale in Fort Lauderdale, Florida. The court documents indicate that both Herbert and Doreen were domiciled in Nigeria at the time of their deaths and held all issued shares in the company, incorporated on March 7, 2012.