Wednesday, July 15, 2026

Wema Bank celebrates historic feats at 80, projects return to top-tier ranking    

Ms Olorunshola reflected on the institution’s long and storied history.

• May 4, 2025
Wema Bank
Wema Bank

The Managing Director of Wema Bank, Moruf Oseni, has said the bank’s goal is returning to Nigeria’s top tier of banking.

He stated this during the Gala Night in Lagos, celebrating the bank’s 80th anniversary under the theme, “Timeless Elegance.’’

Mr Oseni said, “We have a bold vision for Nigeria’s financial future. Our immediate aim is to reclaim our place at the industry’s forefront. We’ll keep innovating, using technology to offer financial services that empower Nigerians and Africans to succeed wherever they are.”

Mr Oseni expressed confidence in the bank’s future, anchored on creativity, innovation, and unwavering customer focus.

 He also stressed the bank’s commitment to nurturing future talent, while honouring the role of women in banking’s past and present.

Encouraging unity, Mr Oseni shared the bank’s internal identity: “At Wema, we call ourselves knights — skilled, ready to face challenges, and fulfil our God-given potential.”

 Earlier, Wema Bank Chairman, Dr Oluwayemisi Olorunshola, reflected on the institution’s long and storied history.

She said, “We celebrate God’s grace, foresight, resilience, hard work, and inclusivity — traditions we proudly uphold.’’

She recounted the bank’s founding in 1945 as Agbonmagbe Bank, Nigeria’s first indigenous bank during colonial rule.

“It was these values that gave our founder the courage to establish Agbonmagbe Bank under colonial rule. What a solid foundation,” she noted. 

Ms Olorunshola praised Wema Bank’s resilience through key moments in history, including war, economic booms, and global crises.

 She stated, “We welcomed information, explored new terrain, and embraced innovation fearlessly. We’re not just counting years — we’re celebrating seasons, generations, eras, and transformational milestones.’’ 

The event welcomed dignitaries such as Vice President Kashim Shettima, represented by his Special Adviser on Job Creation & MSME, Temitola Adekunle-Johnson, and philanthropist, Kessington Adebutu. They applauded Wema Bank’s lasting contributions to Nigeria’s economic progress.

Mr Shettima noted that Wema Bank had “stood the test of time” and shaped the nation’s financial journey.

Mr Adebutu echoed this, praising the bank’s resilience and foresight from humble roots to major industry presence. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Ibadan men nabbed for kidnapping five-year-old girl

States

Ibadan men nabbed for kidnapping five-year-old girl, demanding N10 million ransom

The suspects, Adegboye Seyi Sunday and Adegboye Elijah Adefemi, were nabbed in Ibadan by the police.

Liang Wenfeng

Economy

World’s Richest AI Creator: Meet Deepseek founder Liang Wenfeng worth $36 billion

Ranked among China’s 100 richest people, Mr Liang was on Time magazine’s 100 Most Influential People in AI in 2025 and on Fortune’s 100 Most Powerful People in Business.

69th annual general meeting of the Nigeria Employers’ Consultative Association in Lagos

Economy

FG expresses commitment to improving ease of doing business

FG says it remains committed to improving the ease of doing business, strengthening investor confidence and implementing policies that encourage enterprise growth.

Abubakar Tafawa Balewa University Teaching Hospital, Bauchi

Health

ATBUTH unveils digital app to enhance healthcare service delivery

The Abubakar Tafawa Balewa University Teaching Hospital, Bauchi, has unveiled a DHS mobile app to enhance healthcare service delivery.

Released Oyo hostages

Ibadan

Oyo Terrorists: ASNAT hails Oriire schoolchildren’s military rescue operation

The Association of Nigerian Artisans and Technicians has commended President Bola Tinubu and the Nigerian military for rescuing abducted schoolchildren and teachers in Oyo state.

LGEA Primary School, Allor

States

Navy reaffirms commitment to national development through civil-military relations

Nigerian Navy chief Idi Abbas has reaffirmed commitment to national development through strengthened civil-military relations and sustainable community development initiatives.