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Massive portfolio: Wigwe reportedly linked to 106 prime London properties
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Global ranking: Former Access Bank CEO ranked 7th among top property holders
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Offshore ownership: Assets tied to overseas entities controlling UK real estate
Late Herbert Onyewumbu Wigwe, former Group Chief Executive Officer of Access Corporation Plc, has been linked to 106 luxury properties in London, according to a new report.
The disclosure, published by The Londoner, is based on an analysis of newly released data on overseas ownership of real estate in the United Kingdom.
The report ranked Wigwe seventh among top owners of prime London properties, highlighting the scale of his portfolio, which surpasses several institutions and influential investors.
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According to the findings, “Wigwe’s 106-property portfolio places him ahead of powerful entities such as the Private Department of the President of the UAE… and the Washington State Investment Board.”
The analysis showed that thousands of high-value properties in London are held through offshore companies, often registered in jurisdictions such as Jersey, Guernsey, and the British Virgin Islands, allowing owners to maintain anonymity while controlling significant real estate assets.
It added that recent UK regulations requiring overseas entities to declare beneficial ownership have begun to reveal previously hidden property networks.
Using data compiled by Tax Policy Associates, the report identified over 32,000 London properties owned by foreign entities.
Wigwe, who died in a helicopter crash in the United States in February 2024 alongside members of his family, was one of Nigeria’s most prominent banking figures and played a key role in the growth of Access Bank.
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