Wema Bank Encourages Customers To Remain Safe

Wema Bank, Nigeria’s long-standing indigenous bank is urging customers and all Nigerians to stay safe as a result of the recent unrest in the country following the #endsars protest. As a highly innovative bank, Wema Bank encourages everyone to explore alternative banking channels as well as its digital banking platform ALAT for all financial transactions at a time like this.
Wema bank has recently notified customers of its decision to shut down branches in affected locations where a curfew has been imposed by the government, following this development, the bank issued a statement on its social media channels pleading with customers to remain sensitive to happenings in their environment and ensure safety is treated as top priority. Wema bank also urged its customers to be remain alert and be wary of phishing emails as times like this become target period for scammers to carry out their deeds.
Alternative banking channels available as disclosed by the bank includes the use of *945#, whatsapp banking as well as the use of ALAT, Africa’s first digital bank, to carry out banking needs. Customers can also reach out to its 24 hours contact centre; PURPLECONNECT (07000787753,• purpleconnect@wemabank.com) for prompt and seamless issues resolution.
In a statement made by Mrs Funmilayo Falola, Head, Brands and Marketing communication, Wema Bank, “We understand these are peculiar times and we encourage everyone to remain safe. As a bank, we remain committed to the safety and wellbeing of our customers which is why we plead with everyone to ensure they stay home as our online banking channels are available for all banking needs. We would continually keep to our promise to be with you all the way and we are positive that together we will achieve our dream of a better Nigeria.

Wema Bank Promotes 214 Staff, Reaffirms Commitment to Career Growth

Amidst the harsh realities brought by the pandemic, Wema Bank, last week, announced that it had promoted 214 staff members. The promotion is part of the bank’s custom to reward good performance.


The promotion, which comes with a salary increment, cuts across several departments and grades, including senior, middle and junior staff.


Chief Human Resources Officer, Wema Bank, Ololade Ogungbenro, said that the promotion was part of the bank’s intent to maintain a vibrant workforce by rewarding the effort of staff members.


“2020 has been a difficult year for all us but as a bank, we have had to depend on the commitment, innovative efforts, passion and dedication of our staff to ensure we continue to deliver refreshing digital solutions to our teeming customers.”


“Wema Bank is known for maintaining a motivated workforce with high standards of professionalism, innovation and excellence. Despite the current challenges of the Nigerian business terrain, the recent promotion is our way to reassure staff of the bank’s commitment to maintaining overall workforce motivation and support their career growth.”


Mrs Ogungbenro added that “while it may be practically impossible to promote everyone, measures have been taken to ensure the career growth of all staff through special courses, training and other strategic partnerships.”


“We have rebuilt our training school, the Purple Academy, which serves as a pathway for new staff to join the bank as well as a learning centre for staff members to increase individual and organisational productivity. We have also partnered with Coursera, one of the largest online courses and training platform in the world, to deliver free courses to staff to enable an increase in capacity, modern-day work practices and knowledge across several areas,” she explained.


Winners Emerge in Wema Bank’s Annual Royal Kiddies Award

Nigeria’s long-standing innovative bank, Wema Bank, has rewarded twenty of its Royal Kiddies account holders through an announcement made during the virtual selection which held on the 2nd of October 2020.

As the bank had earlier announced to make provision for educational support for its customers, a total of twenty winners emerged with six winners from the Lagos region, five from south west region and three each from the South East, South-South and Northern Nigeria.

Speaking during the selection which happened virtually, Dotun Ifebogun; Divisional Head, Retail Banking commended the efforts put in by customers of the Bank’s Royal Kiddies Account. According to Mr Ifebogun “The Royal Kiddies annual award demonstrates the banks unwavering support for its customers especially at a time when most families are facing the financial hardship posed by the global outbreak of COVID-19. We also know it’s “back to school” season and we believe this will contribute to the educational needs of the winners as they go back to school.

He further stated that because of the cash prize, many parents now look forward to the annual award with the expectation of having their wards among the lucky winners. He went on to say the annual Royal Kiddies Award is here to stay and encouraged parents who are yet to open a Royal Kiddies Account for their children ages 0-12 years to do so.


Similarly, Funmilayo Falola, Head Brands & Marketing Communication, Wema Bank commended the initiative, she said “the Bank prides itself in constantly devising means of rewarding customers across all segments and the annual Royal kiddies Award goes a long way to show this. As a bank we believe children are the future leaders of any nation and the need to invest in their education cannot be overemphasized”

Mrs Falola further described the annual Royal Kiddies Award as an avenue through which the bank supports the cause of education in the nation and specifically within families. Children get an early start to financial freedom at Wema Bank with the Royal Kiddies Account designed for ages 0 to 12



Wema Bank makes Changes to it’s Board

Wema Bank Plc, Nigeria’s oldest indigenous bank is pleased to announce the following changes to its Board of Directors


The Board of Directors have approved the appointment of Mr Oluwole Ajimisinmi as Executive Director and Mrs Ibiye Ekong as Independent Non-Executive Director of the Bank. This appointment has been approved by the Central Bank of Nigeria.


Wole Ajimisinmi joined Wema Bank in June 2009 as an Assistant General Manager. He has over 24 years of cognate experience with more than 15 years at Senior to Executive Management levels. Wole previously worked as a Legal practitioner for a number of years before moving into the Company secretariat role in a Commercial Bank. Wole is presently the General Manager and Regional Executive in charge of the Banks Retail, Commercial and Public sector business in Lagos State.


Ibiye Ekong has over 35 years of banking experience spanning various areas of banking such as Commercial & Retail Banking, Treasury, Corporate Banking, Public Sector as well as Enterprise Risk Management.  She has a Bachelor’s degree in Finance and Banking from the University of Lagos and an MBA degree from the Pan-African University, Lagos. She has also attended various banking and management programs offshore and within Nigeria. She is an Alumnus of the prestigious INSEAD Business School, Fontainebleau France, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an honorary member of the Chartered Institute of Bankers of Nigeria (CIBN). She is also a member of the South-South Economic Summit Group.


Mrs Ibiye Ekong’s appointment as Independent Director is also to replace Ms. Tina Vukor Quarshie – Independent Director who retired in August after successfully spending Eight (8) years on the Board.



Wema Bank is the pioneer of Africa’s first fully digital bank, ALAT, and one of Nigeria’s most resilient banks. With decades of experience in the business of banking, the Bank has remained innovative in delivering value to its stakeholders. The publicly quoted Nigerian company has successfully built a legacy of trust and resilience that has won it the loyalty of its customers. The Bank is constantly introducing products and services tailored to the needs of its customers at every stage of their lives. It is a proud partner to more than one million individuals, families and businesses across Nigeria, helping them achieve their personal and financial goals.

Wema Bank To Boost Start-ups, Fintechs With Virtual Hackaholics 2.0

Wema Bank, creators of Nigeria’s first fully digital bank, ALAT, is spearheading future innovations in Financial Technology with the second edition of its technological expo – Hackaholics 2.0.


The digital exhibition is part of the bank’s initiative to expand its digital innovation beyond being the first fully digital bank in Nigeria. The event which will be a 2-day pitching competition will be held online from October 30 – 31, 2020 and will feature leading industry specialists as the marked judges.


Earlier in 2019, the bank held the maiden edition of Hackaholics which attracted 463 start-ups to solve problems in nine different areas. The top twenty were invited for a 3-day hackathon and the winners, Eazychange received $10,000, in funding for their transport management solution. To develop the ideas presented at the hackathon into tech-driven commercial solutions, Wema Bank’s Innovation team further engaged six of the startups of which some of them have launched,  been absorbed into the bank and the last batch set to launch as they were further developed at an incubation and acceleration program tagged “The Hackaholics Bootcamp”; the Bootcamp helped in transforming their products into working solutions.


Following the success of Hackaholics 2019, the bank is set to host the second edition, Hackaholics 2.0. themed ‘Connecting Worlds’. While we are fully aware of the impact of the pandemic on the country and our economy, the 2-day virtual event will focus on five essential areas – Health-tech (community health and disease management), Agric tech, Edutech,  Financial technology services and Gaming & Betting in a bid to contribute to  the country and economy recovery.


 The hackathon focus for this year is to scale-up existing solution providers at the acceleration bootcamp prepared for winners of the pitch competition. Hackaholics 2.0 promises to be an interactive event where Business owners, Innovators, and Creative thinkers, will learn, network and demo their solutions which speaks to any of the problem areas. The winning solutions will receive up to $40,000 in funding alongside other numerous non-cash benefits like access to market, working with renowned industry experts, APIs amongst other resources.


To participate at the virtual hackaholics 2.0, please visit https://hackaholics.wemabank.com to register. Everyone can also key into the hackathon by following the conversations on social media through the hashtag #hackaholics2.0.


Kiss disappointment goodbye. Say hello to easy banking with *945#

Disappointment can come in different forms and at the most unexpected moments. Like when you are about to clear your dinner bill but your wallet has been kidnapped by aliens if you know what we mean. That sinking feeling you get from knowing your date will think you’re trying to escape paying for the night – that’s the weight of disappointment.

Let’s not even go into the matter of the long face and appealing stares you get from your kid(s) when you swipe your card to pay for their favorite toys, and in that almost perfect moment, your transaction gets declined!

These bitterly disappointing experiences are now easily avoidable. With WEMA Bank’s *945#, you can easily kiss disappointment goodbye.

The USSD code combines the ease of mobile transactions with unprecedented reliability that means you no longer have to walk around dreading when next a failed transaction will humiliate you. *945# will save the day for those moments when you need things done fast and reliably.

You can open an account, change your account number, send/redeem money, purchase airtime and data, pay bills, and even withdraw money from ATMs without the need of your ATM card.

What’s more, all of these only require a phone connected to a cellular network. You don’t need to have a smart device or access to the internet.

WEMA Bank is handing the future of banking transactions over to you with *945#. Dial it today and say hello to easy banking!

ALAT is supporting salary earners with a massive financial boost amidst the pandemic

As Nigeria continues to push through the COVID-19 pandemic, many individuals are still grossly affected by the social, health, and economic crisis brought on by the deadly virus.

The economic consequences of businesses, organizations, and other necessary functions of states temporarily shutting down is the increased level of poverty, job losses, pay-cuts, and static wealth flow that is currently being experienced on a relatively massive scale. With the government having announced the anticipation of the loss of up to 39.4 million jobs by December this year, due to the pandemic, a large number of the middle class to lower class Nigerians are being pushed steadily below the poverty line.

At this crucial time, financial lee ways that come as soft loans, grants, and complementary funds to small business owners and salary earners would help keep employed individuals above the line and significantly decrease extreme poverty levels.

ALAT by Wema’s Salary Earners Low-interest loans is a prime example of the sort of intervention needed to respond to this economic concern. Described fittingly as a “Salary

Booster”, these low-interest loans are open to ALAT’s existing as well as new salary earning customers, whether or not they have their salary account domiciled with Wema Bank.

The flexible, quick, easily accessible, and seamless (no paper work) process attached to this service makes it even more timely and suited for the spontaneous financial concerns that are sure to arise regularly during this pandemic. All that is required of customers is to download the ALAT app on the android or IOS app store, or visit ALAT’s webpage and sign up to be able to access loans that will help keep them afloat until the next payday or attend to pressing emergencies.

Salary earners are entitled to a loan of N50,000 up to N4,000,000 which will be received within hours and will have a time limit between 3 to 24 months to pay back with only a 2% interest rate per month on a reducing balance basis.

The rate at which Nigerians can maintain a substantial living standard during this time will determine the extent to which the government’s consolidated efforts to contain the coronavirus pandemic would go. Thus there is a need for radical shifting of concentrated wealth distribution into a more expansive and human-focused practice.

ALAT is to Nigerian Banking, what technology is to humanity!

Three years ago, Nigeria’s first fully digital bank – ALAT – was established, and for the first time Nigerians no longer had to visit banking halls to open accounts or complete their banking transactions. Today, considering the importance of virtual banking in our current social distancing climate, ALAT has proven its worth as a prescient financial solution to a now global problem, a timeless fit for every season.

In 2017, ALAT was established by Wema Bank with a goal to create a banking outlet that is flexible, easy to use, and suited for Nigerians who value their time, reliability, and enjoy the convenience that comes with technology. This innovation came at a time when financial institutions in the country were only beginning to create banking apps to carry out some of their services.

Wema Bank saw an opportunity to create a bank that responds actively to the banking needs of a new generation of Nigerians, and so far it has done an excellent job of it. Three years later, with over 200,000 customers, who have carried out almost 900,000 transactions worth up to N12 billion, ALAT is definitely leading the FINTECH movement in Nigeria.

Thanks to ALAT, Nigerians, now have a banking system that provides quick and flexible financial services, and beats the long queues and restrictive paperwork required for physical banking. ALAT leverages the best technological resources available to democratize banking processes and make them accessible to every customer no matter where they are. Now normal procedural services like obtaining ATM cards, loans, bank registration, payment options, and many more have been integrated into a one-stop app.

This year, ALAT is celebrating three fulfilling years of making banking easier for Nigerians. With over 100,000 downloads recorded on Google Play, a 1bn ($2.78m) mark in terms of deposits into savings accounts recorded in 2018, winning ‘Best Mobile Banking App’ and ‘Best Digital Bank for 2017’ at the World Finance Digital Banking Awards, the 2018 ‘Best Digital Bank in

Africa’ at the Asian Banker Awards, and the 2019 ‘Best Digital Platform Nigeria 2019 Award’, the bank’s past records speak for themselves.

Judging from the international recognition ALAT has received within the global and local tech community, and the fast-changing face of tech in Nigeria, the fully-digital bank is taking its place as a resourceful agent of social advancement. Also, along with the increase in the use of smartphones and other convenient technology in Nigeria, is an increasing need for digital banks that offer the full banking experience on mobile. Expectedly, ALAT by Wema is prepared to welcome these incoming customers into the future.

Banking made easy: with ALAT you can afford to stay more than 6feet away

Social distancing is our new reality. Yet, we can’t help but miss the simple things we once took for granted – like sharing warm hugs with our loved ones, dining out, playing sports, Owambe parties and more! Everything feels different, but thankfully stress-free banking doesn’t have to be one of those necessities we must give up.

The economy might be re-opening, but that doesn’t mean we should open ourselves up to infection along with it. To ensure that doesn’t happen we must minimize our exposure by being in public spaces only when absolutely necessary.

Why do you have to go out to get groceries if you can have them delivered to your doorstep? Why do you have to go out to pay your utility bills when you can do that right from the comfort of your home? Above all, why should you endure the long queues and unavoidable physical contact of banking halls when you can get all your banking services right on your mobile device?

ALAT is Nigeria’s first fully-digital bank, built from scratch to be used and enjoyed as an entirely digital experience, thereby making all banking services available to you anywhere you can access the internet. From confirming your balance to making payments, paying utility bills, accessing loans, scheduling payments, saving and more, ALAT is making banking extremely easy.

It gets better. If you are unhappy about any service you received through ALAT, you can always lodge a complaint with Purple Connect, WEMA Bank’s Call Centre. Dedicated and well-trained personnel who understand that at the core of any excellent customer support, only a 100% satisfaction rate is acceptable, are available 24/7 to attend to you.

With ALAT, you can make payments from anywhere in the world, and maintain a 6feet distance with ease. ALAT does much more than make banking easy, it makes it enjoyable and seamless!

ALAT: A Bank Well Equipped for a Time Like This

It’s been a hectic and daunting year so far owing to the recent coronavirus outbreak, and as a result, the world has been forced into isolation. This is to help contain the virus and return civilization to normal, as quickly as possible.

For many, productivity has waned entirely as they are completely dependent on interaction with the outside world to make ends meet. This isolation has forced many into an unnatural business habitat; their home, where they are stuck wishing they had incorporated digitization into their field of work and roll with futuristic financial platforms.

The idea of isolation quickly raises the question of how to endure financially during this period, seeing as financial activities have been instructed to cease. Luckily, there are a few financial institutions out there that oddly enough were built to withstand even the most unforeseeable of circumstances. ALAT By Wema, an online banking platform in Nigeria is one of such banks.

Here’s why:

● Bank at Your Convenience: ALAT is a digital virtual banking platform that offers the majority of its services online. Services ranging from creating savings plans to receiving loans. At a time like this, these may seem secondary compared to the task of just keeping safe, but when it’s all said and done, the real MVPs will be those who made the most of their time and managed to cash out, all while at home. In this regard, ALAT users are at an advantage with a bank that requires no physical representation to carry out transactions, you can bank seamlessly during this isolation period, all you need to do is register online, and viola, your bank is literally in your hands.

● Saving for Now and The Future: It’s easy to get carried away with the negative news making its rounds all over the media, and it can easily become paramount to just live for the ‘now’ and survive at any expense, after all this can be the apocalypse for all we know, fortunately, this is not true and assumptions like this may be costly. Many of us remain hopeful that society will return to normal, and when it does, it will be a huge loss if you don’t have enough funds to bounce back on your feet. With ALAT savings and goals, even while being overwhelmed by the lockdown, you are still guaranteed utmost returns on your savings plan to help keep your assets afloat, while the bank seamlessly helps you create a healthy budget to get you through this period and beyond.

● Financial Projects Continues: As the popular saying goes; the show must go on. Believe it or not, while many people are remiss as to how to sustain their financial projects this period, ALAT users are not. Choosing to bank with ALAT means conducting business in the comfort of your home, while everyone else is running hustling back and forth to achieve the same result you did without having to move an inch. This, now more than ever, is proving to be a huge advantage. Let’s paint you a scenario; perhaps you have an online business you wish to run this period, one that is very time-sensitive and if not taken advantage of quickly could slip through your fingertips and you need a loan from a bank, this could be a problem as all other banks have closed, fortunately, ALAT is not. ALAT continues to be fully functional regardless of the global crises, because, again, it is a digital bank.

● Open a Fresh Account: If for some reason you require a new bank account, be it a student bank account or business bank account, perhaps for the singular purpose of making online payments, or maybe you want to open a business account, and you need a trusted airtight platform to run your business from, whatever the reason may be, ALAT has you covered. No paperwork required, no need to be at a bank, in just five minutes with only your handset, you can open any type of account, choose from its range of saving plans, budget appropriately, or create a business plan.

● Pay Your Bills: ALAT has made banking easy with its services accessible online, this, of course, includes payment of bills. This utility has never been more useful than for a time like this where movement is restricted.

You can also use the dollar card, which helps convert currency, for international transactions. This again is because of the bank’s digital solutions and how you can handle the majority of your money transactions online, even transactions as complex as receiving a business startup loan.

Many business owners will be forced to reevaluate their business model and find a way to create an avenue for digitization, because the humbling lesson we have all learnt from this pandemic, is that anything can happen at any time, and one must always have a sustainability plan. So don’t get stuck with a banking platform that doesn’t meet your financial needs in such a time like this, ALAT is all you need. stay woke!