Wema Bank has named 10-year-old Chimamanda Ozoakpata as the winner of its 2026 One-Day Managing Director/Chief Executive Officer (MD/CEO) Children’s Day initiative. The bank disclosed this in a statement on Wednesday, saying the initiative formed part of activities marking the 2026 Children’s Day celebration. Ozoakpata, Head Girl of Redeemers Foundation …
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Wema Bank Plc says it is intensifying efforts to join Nigeria’s tier-one banking group in the near term, through strong earnings growth, fresh capital inflows and a strategic expansion drive. The Managing Director and Chief Executive Officer, Mr Moruf Oseni, gave the assurance on Wednesday at the bank’s Annual General …
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The Nigeria Deposit Insurance Corporation (NDIC) has filed two separate suits against Wema Bank at the Federal High Court in Lagos, seeking to recover assets valued at more than ₦125.38 billion linked to the defunct Gulf Bank Plc. The actions, brought under the Failed Banks (Recovery of Debts and Financial Malpractices in …
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A former Managing Director of Wema Bank Plc, Ademola Adebise, has urged the management of the bank to pursue deeper and more structured engagement. He said the bank’s continued relevance today is due to the efforts and dedication of stakeholders, employees, customers, shareholders, and other partners. He gave this advice …
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In preparation for its 80th anniversary, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has unveiled the identity for its 80th anniversary celebration. Set for Friday, May 2nd, 2025, this grand anniversary would serve as the hallmark of Wema Bank’s 80-year journey of …
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…Set to raise additional N200 billion in combination of Rights & Special Placement to complete CBN recapitalization requirement. Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue …
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Wema Bank has said that it will take legal action over reports that its banking licence is oooooò to be revoked by the Central Bank of Nigeria. The bank said this on Tuesday in a statement issued by its Head of Brands and Marketing Communications, Mabel Adeteye, where it maintained …
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DEPOSITORS and shareholders of the Moruf Oseni-led Wema Bank PLC are worried over the N1.136 billion that was perpetrated thtough its sytem in 2023. There were 1,195 recorded fraud cases, 97 per cent of whivh were reportedly committed by outsiders. In its full-year 2023 financial statement released recently, Wema Bank …
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The Board of Directors of Wema Bank Plc. has appointed Dr. (Mrs.) Oluwayemisi Olorunshola as its new chairman. This follows the retirement of the current Board Chairman, Mr. Babatunde Kasali having attained the retirement age in line with the Bank’s Articles of Association. Dr. (Mrs) Oluwayemisi Olorunshola joined the bank …
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Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign. It said Wema Bank’s employees selflessly contributed a portion of their salaries, …
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