By Adesakin Adefemi
Late Nigerian banker Herbert Wigwe’s significant property portfolio in London has sparked interest in his business dealings and legacy. The investigation by The Londoner reveals Wigwe’s substantial investments in the British capital, ranking him seventh among billionaire real-estate holders.
The report, titled “Revealed: The billionaires who really own London,” uncovers 32,611 overseas-owned properties in London, with Wigwe’s name featuring prominently. His untimely death in a helicopter crash in February 2024 has led to ongoing litigation over his estate, with his family’s wigwe’s family involved in managing his estate.
Wigwe, former Group CEO of Access Holdings Plc, owned properties in famous London streets like Oxford Street and Canary Wharf, showcasing his diverse investment portfolio. The Londoner’s findings show his family’s ongoing involvement in managing his estate, amidst the complexities of his legacy.
The UK law change requiring foreign entities to disclose beneficial owners revealed Wigwe’s property empire, shedding light on previously hidden ownership structures. Researchers connected previously hidden owners to prime London real estate, highlighting the scale of foreign investment in the city.
Wigwe’s ranking highlights Nigeria’s wealthy individuals with significant London investments, drawing attention to his legacy in Nigerian banking and business. His contributions to the country’s financial sector continue to be remembered.
The Londoner’s report identifies other wealthy individuals and entities with London property portfolios held through overseas companies, showcasing foreign investment in the city’s real estate. Wigwe’s case is a notable example of this trend, reflecting London’s popularity among international investors.
Wigwe’s family has been involved in litigation over his estate since his passing, with the outcome of these proceedings likely to impact his business empire. The family’s ongoing involvement in managing his estate underscores their commitment to preserving his legacy.
The investigation highlights London’s enduring appeal to international investors, with many wealthy individuals holding properties in the city. Wigwe’s significant property portfolio is a testament to this trend, cementing his place among London’s elite property owners.
