Access Bank’s chief executive officer, Herbert Wigwe has purchased additional 3.14million unit of ordinary shares worth N21.4 million in the tier-1 lender.
Nigeria’s biggest lender by customer base in a disclosure to the Nigerian Stock Exchange noted that Wigwe purchased 3.09million unit of shares at N6.81 on the 15th of June 2020 and another 50,000 shares at N6.79 on the 16th of June.
The Bank noted that the 3,144,859 shares purchased were from Wigwe’s indirect holding through Tengen Holdings Ltd in Mauritius.
In January, Wigwe sold 55.6 million ordinary shares held indirectly, followed by another 28.86 million shares worth N297.82 million, cumulatively representing a stake of 6.81percent in the bank.
With the new purchase, Wigwe now has the highest stake in the bank, directly owning 201.23 million shares and 1.24 billion shares indirectly.
Shares of Access bank traded at N6.80 on the floor of the Nigerian Stock Exchange.
