Wema Bank Plc. hereby announces the retirement of its Managing Director/CEO, Ademola Adebise. He will be proceeding on terminal leave from January 2nd, 2023, after over 13 years of meritorious service on the Board of the Bank. He will be succeeded by Moruf Oseni, currently the Deputy Managing Director. Ademola Adebise was appointed as the … Read more
The attention of Management of WEMA BANK PLC has been drawn to the trending news in the media to the effect that a Magistrate’s Court in the Federal Capital Territory (FCT), Abuja, had issued a warrant for the arrest of our Managing Director, MR. ADEMOLA ADEBISE, in connection with a Garnishee proceeding for the payment … Read more
Zenith, FCMB, Others Publish Names, BVNs And Account Numbers of Forex Defaulters Zenith, FCMB, and some other Nigerian banks have published the names, Bank Verification Numbers (BVN), and account numbers of customers who have accessed foreign exchange under false pretense and failed to return it. This development is coming after the Central Bank of Nigeria … Read more
Lagos State High Court sitting in Osborne, Ikoyi has ordered all banks to disclose all investments including fixed deposits, treasury bills and cryptocurrency in the name of Global Holding Company Limited and Imagine Global Solutions Limited. Founders of the companies, Bamise and Elizabeth Ajetunmobi, are wanted for allegedly defrauding Nigerian investors of N18.8 billion. Justice … Read more
Wema Bank, one of Nigeria’s troubled lenders is battling heavy liquidity crisis despite distraction with the Davido ambassadorship curve. Wema Bank may have a serious challenge withstanding the shocks Nigeria’s fragile economy might throw up as it is currently struggling with a liquidity squeeze. It was gathered that the third-quarter financial result of the bank … Read more
Wema Bank, one of Nigeria’s troubled lenders is battling heavy liquidity crisis despite distraction with the Davido ambassadorship curve. The bank had in November 2021, splashed N1 million to musician, Davido, transgressing the Buhari regime’s ban on the microblogging site. “We heard your GOAT called our name. Well… #ALATgoals #ALATmakessmile. #30BG #30billiongang,” Alat, a digital … Read more
Beatrice Adeyeye, a retired public worker from Ibadan Polytechnic in Oyo State, has expressed concerns about the disappearance of N450,000 from her Wema Bank account. The money was a loan from a cooperative group, and the retiree planned to use it to fund a personal project. According to FIJ, Adeyeye said that the debit notifications … Read more
Wema Bank of Nigeria has been named among banks that removed N48.5 billion from customers’ Accounts as charges for maintenance in six months. Account maintenance costs are levied on all customer-initiated debit transactions, and the bank collects these fees at the time of the transaction. The amount debited is at least 10% of the total … Read more