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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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FinanceLeadership

Top Nigerian banker dies in California helicopter crash

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Alicia Diaz
Alicia Diaz
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Bloomberg
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February 10, 2024, 4:34 PM ET
Herbert Onyewumbu Wigwe at Global Citizen Live in 2021 in Lagos, Nigeria.
Herbert Onyewumbu Wigwe at Global Citizen Live in 2021 in Lagos, Nigeria.Andrew Esiebo—Getty Images for Global Citizen

A helicopter carrying six people, including the co-founder of Nigeria’s biggest bank by assets, crashed in a Southern California desert area near the Mojave National Preserve, authorities said.

Herbert Wigwe, co-founder of Access Bank, was among the victims, family members from his home village of Isiokpo said.

Abimbola Ogunbanjo, who was president of the National Council of the Nigeria Stock Exchange from 2017 to 2021, and served as the group chairman of the Nigerian Exchange Group Plc from 2021 to 2022, was confirmed dead by a family member in Lagos.

Read more: Banking Tycoon Invests in New $500 Million University in Nigeria

The Federal Aviation Administration said a Eurocopter EC helicopter crashed at about 10 p.m. on Friday with six people on board.

“The scene of the crash was determined to be east of the 15-Freeway, near Halloran Springs Road,” the San Bernardino County Sheriff-Coroner Department said in an emailed statement on Saturday. “No survivors have been located.”

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