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How MDs of Zenith, Access spent N44.67bn to secure holding interest
How MDs of Zenith, Access spent N44.67bn to secure holding interest
The managing directors of Access Holdings Plc and Zenith Bank Plc have spent N44.67 billion to acquire more shares to ensure stake in their companies.
In separate disclosures to the investing public, Herbert Wigwe, the group managing director of Access Holdings, acquired 1,350,188,284 units of shares at an aggregated sum of N32.8 per share, totalling N44.29 billion.
Wigwe had, through the additional acquisition, raised his controlling interest in the bank to 8.74 per cent or 3,105,789,014 of the company’s total shares outstanding of 35,545,225,622.
Details of the transactions showed that Wigwe, on April 27, acquired 1,135,188,284 units at N10 per share, which amounted to N11.35 billion.
On May 5, he acquired 75,000,000 units of shares at N11.25, for N843.75 million, and on May 8, 140,000,000 units at N11.55 per share for N1.617 billion.
These transactions were done through Tengen Holdings (Mauritius) Limited.
His counterpart in Zenith Bank, Ebenezer Onyeagwu, bought 8,000,000 additional shares at N47.94, for N383.52 million, which raised his stake to 0.29 per cent or 90,176,078 units of the company’s total outstanding shares of 31,396,493,786.
By this acquisition, Onyeagwu has further secured his hold as the second largest shareholder of the company.
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According to the official disclosure released on Thursday, May 11, Onyeagwu on May 4 acquired an aggregated 3,463,461 units at N23.93 per share, of which the transaction details showed he bought 1,236 units at N23.85 per share; 1,161,608 units at N23.95 per share; and 2,300,617 units at N24 per share.
The Zenith Bank boss, on May 5, acquired additional shares of 4,536,539 units at N24.01 per share. The transaction was broken down into 283,794 units at N23.90 per share; 1,276,667 units at N24 per share; 2,376,078 units at N24.05 per share; and 600,000 units at N24.10 per share.
The company’s financial reports showed that as of December 31, 2022, Wigwe held 201,231,713 direct shares and 1,554,369,017 indirect shares of Access Holdings, while Onyeagwu held 82,176,078 units of Zenith Bank’s shares.
Wigwe’s indirect holdings relate to United Alliance Company of Nigeria Limited assets, 537,734,219 units of shares; Trust and Capital Limited, 584,056,979 units of shares; and Coronation Trustees Tengen Mauritius, 432,577,819 units of shares.
According to Zenith Bank, the board of directors, under the powers vested in it “by the provisions of section 426 of the Companies and Allied Matters Act (CAMA 2020) of Nigeria,” proposed a final dividend of N2.90 per share which, in addition to the N0.30 per share as interim dividend amounts to N3.20 per share from the retained earnings account as at 31 December 2022.
It means that Onyeagwu had about N288.56 million dividends from Zenith Bank by the end of last year.
The payment of dividends is subject to a withholding tax rate of 10 per cent in the hands of a qualified recipients.
Zenith Bank has a diverse shareholding structure, with no single ultimate individual shareholder holding more than 12 per cent of the bank’s total shares.
The bank’s chairman/non-executive director, Jim Ovia, holds 11.29 per cent of 3,546,199,395 direct shares and 1,523,928,375 indirect shares as of December 31, 2022.
The board of directors of Access Holdings also proposed a final dividend of N1.30k per ordinary share. It then means that Wigwe pocketed about N4.04 billion dividend from Access Holdings in 2022.H
How MDs of Zenith, Access spent N44.67bn to secure holding interest
ICIR with minimal editing
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Emir of Ilorin Appoints Sheikh Muhammad Bashir Dasuki as New Chief Imam of Ilorin
Emir of Ilorin Appoints Sheikh Muhammad Bashir Dasuki as New Chief Imam of Ilorin
ILORIN – The Emir of Ilorin, His Royal Highness Alhaji (Dr.) Ibrahim Sulu-Gambari, CFR, has officially appointed Sheikh Muhammad Bashir Dasuki, the Imam Fulani of Ilorin, as the new Chief Imam of Ilorin.
The appointment followed a keenly contested selection process in which Sheikh Muhammad Bashir Dasuki emerged successful among prominent Islamic scholars considered for the revered position.
The new Chief Imam, 42, is a respected Islamic scholar with deep roots in Ilorin’s religious leadership. He is the grandson of the 8th Chief Imam of Ilorin, Sheikh Ibrahim Dasuki Imam Fulani Agaka, and the son of the 10th Chief Imam of Ilorin, Sheikh Maliki bn Dasuki Agaka.
Prior to his elevation, Sheikh Muhammad Bashir Dasuki served as the Imam Fulani of Ilorin and was actively involved in Islamic propagation and education. He is the founder and proprietor of Darul Bisharah Arabic and Islamic Studies, Airport, Egbejila, Ilorin, and led prayers at Afsat Oloriegbe Memorial Mosque, Oko Olowo, Ilorin.
He is also known for presenting the Al-Bisharah Islamic Foundation programme on Radio Kwara during Ramadan and serves as a lecturer at Darul Kitab College of Arabic and Islamic Studies, Gaa Akanbi, Ilorin.
Academically, Sheikh Dasuki holds a Bachelor of Arts degree in Islamic Shari’ah from Al-Azhar University, Cairo, Egypt, and a Diploma in Arabic Islamic Education from Ahmadu Bello University, Zaria. He is currently pursuing a Master’s degree in Islamic Studies at Al-Hikmah University, Ilorin.
In his remarks, the Emir of Ilorin prayed for the new Chief Imam, asking Allah to grant him wisdom, sound health, long life and success in leading the Muslim Ummah in Ilorin Emirate.
The appointment was announced in a statement signed by the Emir’s Personal Assistant, Dr. Abdulraheem Muritala. :::
Note: The headline should be “Emir of Ilorin Appoints Sheikh Muhammad Bashir Dasuki as New Chief Imam of Ilorin” rather than “Chief Imam Fulani of Ilorin,” if the appointment is indeed to the office of Chief Imam of Ilorin.
Emir of Ilorin Appoints Sheikh Muhammad Bashir Dasuki as New Chief Imam of Ilorin
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Bandits Attack Kogi School, Vice Principal, Two Others Killed
Bandits Attack Kogi School, Vice Principal, Two Others Killed
The Kogi State Police Command has confirmed that armed bandits invaded a secondary school in Kabba/Bunu Local Government Area of the state on Wednesday, killing a vice principal, a six-year-old child and another resident in a failed abduction attempt.
The attack occurred at Government Secondary School, Iluke Bunu, at about 10 a.m., when a large group of gunmen riding on about 40 motorcycles reportedly stormed the community and the school premises, triggering panic among students, teachers and residents.
In a statement issued by the Police Public Relations Officer, ASP Saliu Afusat, the Command said preliminary intelligence indicated that the attackers intended to abduct students and other members of the community.
According to the police, the Divisional Police Officer of Kabba ‘A’ Division swiftly mobilised a joint security team comprising personnel from the police division, the Police Mobile Force and other tactical units following distress calls from the area.
Military personnel and local vigilante operatives already deployed in the community also joined the operation, leading to a fierce gun battle with the attackers.
“The combined security operatives engaged the hoodlums in a fierce gun duel, forcing the criminals to flee into the surrounding bush,” the statement said.
The Command noted that investigations had not established any successful mass abduction of students or residents, adding that security agencies were continuing assessments to determine the full circumstances surrounding the incident.
Police, however, confirmed that three persons lost their lives during the attack. The victims were identified as Mr Ganiyu Anifowose, Vice Principal of UBE Secondary/Primary School, Iluke; Mr Sunday Jacob Alhassan, 70; and six-year-old Sunday Ayele.
The Command further disclosed that one of the attackers was neutralised during the exchange of gunfire, while a member of the joint security team sustained gunshot injuries and is receiving medical treatment.
The Commissioner of Police has ordered sustained bush-combing operations and confidence-building patrols across the affected area as security operatives intensify efforts to apprehend the fleeing suspects and prevent further attacks.
The police urged residents to remain calm and support ongoing operations by providing credible information that could assist in tracking down the perpetrators.
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DSS Raises Alarm Over Planned Mass Abduction of Schoolchildren in Edo
DSS Raises Alarm Over Planned Mass Abduction of Schoolchildren in Edo
The Department of State Services (DSS) has raised a security alert over an alleged plot by suspected bandits to carry out a mass abduction of schoolchildren in Edo State, prompting the state government to close vulnerable schools and strengthen security measures across affected communities.
According to intelligence reports obtained by the DSS, schools in the Edo North Senatorial District have been identified as potential targets for a planned kidnapping operation by criminal groups seeking to exploit students for ransom.
The security alert was contained in an internal memo issued by the Edo State Command of the DSS after operatives reportedly intercepted conversations between two suspected bandits identified as Bawa and Nuhu.
The suspects were said to have discussed changing tactics after previous attempts to kidnap wealthy individuals failed to generate the financial returns they expected. Intelligence gathered by the agency indicated that the criminals believed abducting schoolchildren could attract wider government attention and potentially result in larger ransom payments and other concessions.
The DSS further disclosed that on June 4, 2026, security operatives arrested a 25-year-old suspect, Emmanuel Momidu, who was allegedly conducting surveillance around Makeke Secondary School in Makeke Community, Akoko-Edo Local Government Area.
Investigators suspect the reconnaissance operation may have been linked to preparations for a possible attack on the school, heightening concerns about the safety of students and teachers in the area.
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In response to the threat, the Edo State Government ordered the immediate closure of three secondary schools considered vulnerable to attack. The affected institutions include Ososo Grammar School, Ososo Comprehensive High School, and Makeke Secondary School, all located in Akoko-Edo Local Government Area.
The decision was conveyed in a circular issued by the Edo State Ministry of Education, which cited credible security intelligence and the need to protect students, teachers and school personnel from potential danger.
Despite the temporary closure, authorities clarified that candidates participating in the ongoing West African Senior School Certificate Examination (WASSCE) would be allowed to sit for their examinations under enhanced security arrangements.
The DSS has advised security agencies to immediately reinforce protection around schools and educational facilities, especially in vulnerable communities across Edo North.
The agency also recommended the deployment of additional security personnel, increased surveillance operations and stronger collaboration among the Nigeria Police Force, the Nigeria Security and Civil Defence Corps (NSCDC), the Edo State Security Corps, local vigilante groups and hunters.
Parents, guardians and school administrators have been urged to remain vigilant and promptly report suspicious movements or activities around schools and residential communities.
The latest alert comes amid growing concerns over school kidnappings in Nigeria, following recent incidents involving students and teachers in states such as Oyo and Borno, where dozens of victims remain in captivity.
Security experts have warned that educational institutions continue to be attractive targets for criminal gangs due to their perceived vulnerability and the publicity generated by attacks on schools.
Authorities insist that the latest measures are preventive and aimed at ensuring that criminal groups do not disrupt academic activities or endanger the lives of children.
As security agencies intensify intelligence gathering and patrol operations, residents have been assured that every effort is being made to prevent any attack and maintain safety across Edo State.
DSS Raises Alarm Over Planned Mass Abduction of Schoolchildren in Edo
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