Wema Bank Plc. hereby announces the retirement of its Managing Director/CEO, Ademola Adebise.
He will be proceeding
Ademola Adebise was appointed as the Managing Director/Chief Executive Officer of Wema Bank Plc in June 2018.
He joined the bank in June 2009 as an Exec
Under his leadersh
The Bank has grown its Total Assets by 155%, from N470 billion to over N1.2trillion. Deposits also grew by 214% from N350 billion to N1.1 trillion.
He initiated the partnership with Bank of Africa to support its customers across the African continent which has increased the Bank’s market share and customer base. All these led to an additional growth of 2 million customer accounts in Nigeria and a market share of 3% of industry volumes.
The Bank is now the leading collection bank for state and government agencies due to
The Bank’s rating by agencies was upgraded to BBB i
The Bank significantly changed the digital landscape through the ALAT platform.
The innovative platform also came tops in the KPMG Digital Score card for leading retail banks in Nigeria and this was based on in-depth insights into the state of user experience on retail banks’ digital channels.
Furthermore, the Bank launched the first SME Business School for capacity building and empowerment of SMEs –this has benefitted over 20,000 small businesses.
The Bank al
The Chairman of the Board, Mr. Babatunde Kasali on behalf of the Board and Management expressed its profound gratitude to Ademola for his service and wish him the best in his future endeavours.
Further, Wema Bank Plc. is pleased to announce the appointment of Mr. Moruf Oseni as the Managing Director/CEO subject to the approval of the Central Bank of Nigeria.
Moruf Oseni joined Wema Bank in June 2012 as an Executive Director.
He has over 25 years of experience with more than 16 years at Senior and Executive Management levels.
Moruf Oseni was an Executive Director for 6 years and Deputy Managing Director for the last 4 years and has demonstrated capacity to lead the Bank.
He presently has responsibility for the Digital Optimization Directorate which
Moruf holds an MBA degree from
Other Board appointments inclu
Wole Akinleye: Appointed as the Deputy Managing Director. Wole has over 32 years Banking experience.
A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Wole is an alumnus of the Advanced Management Program of the Harvard Business School.
He obtained his first degree in Accounting from Obafemi Awolowo University in 1989 and subsequently, a master’s degree in Business Administration (
Tunde Mabawonku: Appointed as Executive Director. He has over 23 years of experience and is presently the Chief Finance Officer and the Divisional Head of Finance & Corporate Services.
Tunde has a master’s in finance from the London Business School and a first degree in Economics from University of Ibadan.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) & Chartered Institute of Taxation of Nigeria (CITN) and is a
He has also attended several Senior Leadership progra
The appointments take effect from April 1, 2023 and are subject to the approval of the Central Bank of Nigeria and other regu
By Order of the Board.