A fresh investigation by UK-based outlet The Londoner has revealed that late Nigerian banking executive, Herbert Wigwe, was linked to no fewer than 106 properties in London, placing him among the top foreign investors in the city’s real estate market.
The report, based on newly accessible transparency records, indicates that the properties were held through offshore entities—a common global practice where assets are owned via companies registered outside the country of investment.
The disclosure follows recent reforms by the UK Government requiring foreign owners of UK property to declare their beneficial ownership.
According to the findings, Wigwe ranked among the top 10 overseas property holders in London, underscoring the scale of his international investment footprint beyond his role as former Group CEO of Access Holdings Plc.
The investigation forms part of a wider review of foreign-owned real estate in London, which identified more than 32,000 properties held through offshore structures. Many of these entities are registered in jurisdictions known for financial privacy, including Jersey.
Experts note that while offshore ownership can raise questions around transparency and taxation, there is no indication of wrongdoing in Wigwe’s case.
Such structures remain widely used by high-net-worth individuals and global investors for asset management, estate planning, and tax efficiency.
The revelation adds another layer to Wigwe’s legacy as one of Africa’s most influential banking figures, highlighting the global reach of his investment portfolio.
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