Wema Bank, Nigeria’s leading financial institution known for its dedication in providing meaningful solutions for societal impact marked a momentous occasion as it made a substantial donation of furniture facilities to Isalẹ-Eko Grammar School.

This heartfelt gesture, a testament to Wema Bank’s unwavering commitment to community development, was made possible through its Corporate Social Investment (CSI) initiative, the “Salary for Love” campaign. During this remarkable initiative, Wema Bank’s staff members selflessly contributed their one-day basic salaries, embodying the spirit of giving back and leaving a lasting impact on the lives of others.

The culmination of this initiative took place on the 19th of May 2023, at Isale-Eko Grammar School. The newly acquired furniture will undoubtedly transform the learning environment, creating a haven of comfort and inspiration for the students as they embark on their academic journeys.

Speaking at the official handover ceremony, Uchenna Obazeh, Head, Credit Risk Management and Lead Champion, Head Office/ALAT Salary for Love 2023 project at Wema Bank, emphasized the Bank’s firm belief in the transformative power of education. He commended the unwavering dedication of Wema Bank’s staff members and their resolute commitment to supporting education within the community.

According to him, “Through the ‘Salary for Love’ initiative, our employees have showcased their exceptional devotion to shaping a brighter future through education. We are humbled to contribute to the growth and development of Isale-Eko Grammar School, as we remain steadfast in our mission of corporate citizenship.”

Dr. Mukaila Olatoye, the principal of Isalẹ-Eko Grammar School, expressed deep gratitude on behalf of the institution, recognizing the profound influence this generous donation will have on the students’ educational pursuits.

In addition to the furniture donation, Wema Bank extended its support for the students by providing partial scholarship for two outstanding students from Isalẹ-Eko Grammar School to tertiary institution level. This will provide financial assistance for these exceptional students as they unlock their full potential and courageously chase their dreams.

The event ended with the students and staff of Isale-Eko Grammar School expressing their heartfelt gratitude to the staff of Wema Bank for their commitment to positive societal impact.

The World Health Organization reports that the highest incidents of malaria outbreaks and deaths are recorded in Africa with over 234 million cases and more than 593,000 deaths in 2021 alone. The report further states that nearly 80% of malaria deaths in the African Region in 2021 were among children under the age of 5. This has led to a heightened awareness and advocacy for malaria prevention, treatment, and care across the continent.

In line with one of their core Corporate Social Investment pillars – Health, Wema Bank, a leading financial institution in Nigeria, partnered with Karis and Eleos Hope Foundation for the World Malaria Day 2023 commemoration. The event took place on Tuesday, 25th April 2023, at Idi Araba Community, Oworoshoki with over 500 beneficiaries within the community impacted. The residents were enlightened on the importance of good personal and environmental hygiene for malaria prevention as well as appropriate treatment measures. The Bank donated free insecticide-treated mosquito nets to the community with provision of free medical check-up facilities and waste disposal bags by Karis & Eleos Hope Foundation and LAWMA respectively.

The residents were also engaged in a financial literacy session by representatives of the Bank for their economic empowerment, development, and growth. Speaking about the event, Abimbola Agbejule, Head, Corporate Sustainability and Responsibility, Wema Bank reiterated the Bank’s commitment to provide meaningful solutions for societal impact through community-centered initiatives amongst others. In her words, “We are delighted to partner with Karis and Eleos Hope Foundation to celebrate World Malaria Day 2023. It is an opportunity for us to create awareness about the importance of malaria prevention with the aim of reducing malaria cases and deaths in our communities. As a Bank, we are committed to promoting initiatives that enhance the well-being of Nigerians.”

The event was a great success; the Baale of the Idi Araba Community, Alakoso Oriyomi Akeem Bashir and the residents expressed their appreciation to the Bank for the mosquito net donations and knowledge imparted at the event.

Wema Bank, Nigeria’s leading innovative bank, has unveiled the latest brand jingle for its digital banking application, ALAT by Wema which is set to become an instant hit with customers and music lovers alike. The new jingle is part of the bank’s continuous efforts to connect with its target audience while staying true to its core values of innovation, excellence, and customer satisfaction.

The jingle, which was created by the winner of its Sounds of ALAT competition, Onyelisigwe Bright, and produced by one of Nigeria’s biggest talents in the entertainment industry, Cobhams Asuquo, features an upbeat, catchy tune with lyrics that reflect the bank’s commitment to providing top-notch financial services to its customers. It is designed to evoke a sense of positivity, energy, and optimism, reflecting the bank’s vision of a brighter future for all its stakeholders.

Commenting on the new jingle, Wema Bank’s Head of Brand & Marketing Communication, Mabel Adeteye, said: “We are thrilled to unveil our latest brand jingle, which we believe captures the essence of our brand and what we stand for. We wanted a jingle that would resonate with our customers and make them feel proud to be associated with Wema Bank. We are confident that this new jingle will do just that and more.”

The new jingle is already generating buzz on social media, with many customers and music lovers praising its catchy tune and positive message. It will be featured in all the bank’s marketing campaigns, including television and radio commercials, online ads, and social media.

Wema Bank has a long history of innovation and excellence in the Nigerian banking industry, and the new jingle is just the latest example of the bank’s commitment to staying ahead of the curve and delivering value to its customers. Customers can download the jingle at https://bit.ly/soundsofalat.

Wema Bank, Nigeria’s leading innovative bank, has launched the upgraded version of its corporate digital banking application, ALAT for Business 2.0. The launch took place on May 3rd, 2023, during the bank’s Digital Week activities themed “Changing The Digital Dynamics In Nigeria” in celebration of the bank’s anniversary.

During the virtual event, Samuel Robson, the Product Owner, expressed his excitement to announce the launch of the new and improved ALAT For Business. He explained that the upgraded version offers an intuitive and seamless experience with enhanced security features and greater functionality. The app’s fresh new look and feel make it more user-friendly and engaging, while the omnichannel experience allows users to access their accounts from any device with ease.

As a sole proprietor, ALAT for Business 2.0 offers an onboarding feature to make opening and managing an account easier. The app is also accessible to multiple users, enabling account access sharing with team members or family members and revoking it with ease.

During the virtual event, Oyindamola of Total Data Limited and Dr. Mark of Jendol Superstore shared their positive experiences using the application. They praised the app’s user-friendly interface, which aided the ease of making bulk payments to various vendors and sorting out payroll for different businesses without hassle.

The Chief Digital Officer, Olusegun Adeniyi, highlighted Wema Bank’s commitment to the future of banking by developing tailored solutions and ensuring the bank covers various verticals beyond the financial ecosystem.

The upgraded ALAT for Business is now available on various app stores, offering an improved user-friendly interface, interbank & intrabank transfers, multiple user accessibility, bulk transfer to over 6,000 accounts, and access to stamped e-statements. ALAT for Business is the financial partner every business owner should have. Wema Bank continues to improve the application, with plans to add artificial intelligence and multi-languages for the Diaspora market and offshore banking, among other improvements.

ALAT by Wema, Africa’s first fully digital bank, is celebrating its 6th anniversary with the launch of “Sounds of ALAT,” a boot camp and creative workshop aimed at supporting young creatives in the entertainment industry in Nigeria. The event, which will run from May 1st to May 5th, 2023, at Wema Bank, Purple Academy, will equip participants with top-notch industry knowledge and offer an opportunity to win up to five million naira for the creation of the next ALAT jingle.

Sounds of ALAT is a co-creation campaign that brings together celebrities, facilitators, and judges from various sectors of the entertainment industry, including scriptwriters, producers, recording artists, sound mixers, A&R talent managers, and enthusiasts. The workshop is part of ALAT’s anniversary activities to give back to society by supporting young creatives and upcoming artists in the entertainment industry.

To participate and launch your music career with a bang, all you need to do is download ALAT on iOS or Play Store, upload a 1-minute video of your Sounds of ALAT demo on Instagram, tag @Alat_ng, and use #SoundsofALATEntries and #ALATat6.  Out of the entries received, 50 will be selected for the boot camp, and the top 10 will receive adequate training from proficient judges who are celebrities with experience and proven track records in the creative industry.

The top 3 participants will present their jingle material for the cash prize of 3 million Naira for the winner, 2 million Naira for the first runner-up, and 1 million Naira for the second runner-up, along with various consolation prizes and branded merchandise.

The Head of Brand and Marketing Communications, Mabel Adeteye, said, “We are excited to support young creatives in the entertainment industry through Sounds of ALAT. The workshop will provide a platform for participants to acquire industry knowledge and showcase their talent. We encourage interested persons to visit www.alat.ng/soundsofalat or follow @alat.ng on all social media channels for more information.”

LAGOS, NIGERIA – 1^st April 2023 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) announces Moruf Oseni as substantive Managing Director/CEO following approval by the Central Bank of Nigeria (CBN). 

• Appointments of Wole Akinleye as Deputy Managing Director and Tunde Mabawonku as Executive Director were also approved by the CBN.

Wema Bank Plc announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in an acting capacity since January 1, 2023, Oseni will succeed Ademola Adebise, following the Central Bank of Nigeria (CBN) approval.

Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director. Before his appointment as MD/CEO, he served as Deputy Managing Director for the last four years, a role where he demonstrated the capacity to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.

With over 25 years of experience, including more than 16 years at senior to executive management levels, Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm. He had also served as Vice President at Renaissance Capital and was an Associate at Schroder Salomon Smith Barney/Citigroup Global Markets in London.

Oseni’s credentials speak for themselves, with an MBA from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MIF) from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU). He is also an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.

In addition to Oseni’s appointment, the CBN also approved the appointments of Wole Akinleye as Deputy Managing Director and Tunde Mabawonku as Executive Director. Wole Akinleye previously served as the Executive Director in charge of Corporate Banking and the South-West Business, while Tunde Mabawonku served as the Bank’s Chief Finance Officer.

The Board is confident that these new appointments will be crucial to the continued transformation and growth of the Bank as it positions itself as a market leader in Nigeria’s banking industry through technology and innovation.

All appointments are effective from April 1, 2023.

About Wema Bank

Regarded as Nigeria’s most innovative bank and the longest-surviving indigenous Financial Institution in Nigeria, Wema Bank Plc has over the years, diligently offered a range of value-adding banking and financial advisory services to the Nigerian public for 77 years. Incorporated in 1945 as a Private Limited Liability Company under the old name of Agbonmagbe Bank Limited, it commenced banking operations in Nigeria in the same year. Wema Bank subsequently transformed into a Public Limited Liability Company (PLC) in April 1987 and was listed on the floor of the Nigerian Exchange.