Business
Abbey Mortgage Bank Celebrates 32 Years of Transformative Impact, Community Engagement
Abbey Mortgage Bank, a leading institution in the mortgage industry, proudly commemorates its 32nd anniversary. Over the past three decades, Abbey Mortgage Bank has evolved into a beacon of excellence, driving positive change and making a lasting impact on individuals and communities alike.
Since its establishment in 1992, Abbey Mortgage Bank has undergone remarkable transformations, emerging as a pioneer in the mortgage sector. Beyond providing traditional mortgage services, the bank has expanded into retail banking, broadening its scope to better serve its customers’ needs.
“Through dedication and innovation, our workforce has been the driving force behind Abbey Mortgage Bank’s transformative journey,” remarked Mobolaji Adewumi, the Managing Director/CEO of Abbey Mortgage Bank. “Their commitment to excellence, supported by a diverse management committee, has played a pivotal role in shaping Abbey into what it is today.”
Focusing on customer-centric solutions, Abbey Mortgage Bank is innovation-driven, leveraging technology to enhance its services. The bank introduced a mobile banking app, AbbeyMobile as well as Abbey CIB – a Corporate Internet Banking platform which launched last year, offering customers convenient and secure banking solutions.
Furthermore, Abbey Mortgage Bank remains dedicated to addressing societal needs through innovative products and initiatives. The bank last year, launched a game-changing product, WIRE, bridging the gap in the real estate industry for women. WIRE provides tailored financing solutions, empowering women to thrive in the sector.
Throughout its transformative journey, Abbey Mortgage Bank has remained deeply committed to corporate social responsibility (CSR) initiatives, contributing significantly to the betterment of society. Notable initiatives include the Abbey Walk for the Environment 2022 and donations to address pressing medical challenges, exemplifying the bank’s dedication to making a meaningful difference in the community.
Additionally, Abbey Mortgage Bank has been a staunch supporter of the arts, recognizing the power of culture and creativity in enriching communities. This includes student stage productions like Lipstick Fever, and the Duke of Shomolu Plays.
The bank has also achieved a remarkable decrease in non-performing loans (NPL), reducing from 70% in 2020 to an impressive 7.35% as of [Current Year]. This achievement reflects the bank’s prudent risk management practices and dedication to maintaining a healthy loan portfolio.
Moreover, Abbey Mortgage Bank’s dedication to excellence has been recognized with prestigious awards from notable bodies, including Mortgage Bank of the Year and Best Mortgage Brand of the Year. These accolades serve as a testament to the bank’s commitment to delivering exceptional service and innovation in the mortgage industry.
As Abbey Mortgage Bank celebrates 32 years of transformative impact, it reaffirms its commitment to empowering individuals and communities to build dreams and shape a brighter future for all.
Access Bank Plc has responded to the reports making the rounds on social media concerning a former contact agent, who was alleged to have violated the privacy of some women in the organisation.
In a statement the management made available to the National Association of Online Security News Publishers (NAOSNP), the bank said the matter has been handed over to the appropriate authorities for investigation while cautioning the general public to rely on updates communicated through their channels only.
The statement reads in full:
Our attention has been drawn to reports circulating on social media regarding an alleged offence involving a former Contact Centre Agent.
The matter has been handed over to the appropriate authorities, who are conducting an investigation.
We are fully cooperating with them in this process.
At Access Bank, we uphold a zero-tolerance policy towards harassment and any form of privacy violation.
We are also actively engaging with the affected employees to provide all necessary support.
The safety, dignity, and well-being of our employees and customers remain our highest priority.
We appreciate the concern and support of the public and our stakeholders.
For accurate information, we encourage everyone to rely only on updates communicated through our official channels.
MANAGEMENT
Moruf Oseni, managing director/CEO, Wema Bank, says the lender is committed to continued service and value delivery to Nigerians beyond its 80th anniversary.
Wema Bank, one of Nigeria’s oldest indigenous institutions, is set to mark 80th anniversary on May 2, 2025.
Founded on May 2nd, 1945, as Agbonmagbe Bank Limited by Late Matthew Adekoya Okupe, and two others, the bank was established to bridge the gap in access to financial services for indigenous Nigerians during the colonial era.
Over the years, Wema Bank has built a legacy of impact, empowering Nigerians with quality financial services tailored to their needs and supporting the Fintech industry to innovate to remain valuable to customers and stakeholders.
Oseni, speaking on the journey of the bank so far, expressed commitment to continued delivery of optimum value to stakeholders beyond the anniversary.
According to him, Wema Bank’s founding principle of empowerment and its creed to “be with you all the way” speak to resilience, timelessness, and perpetuity.
“At Wema Bank, we have our creed, which is to be with you all the way. Anything that has the creed to be with you all the way simply means it is something that is built to last. Wema Bank rose against all odds in colonial Nigeria to cater to indigenous Nigerians and succeeded.
“Today, we are not just Nigeria’s oldest indigenous bank but also Nigeria’s leading innovative bank, a testament to how committed we are to reinventing and adapting to provide value. On this, we will never relent,” Oseni noted.
The Nigerian National Petroleum Company (NNPC) Limited has reduced its premium motor spirit price in Abuja.
Some motorists in Abuja confirmed the new fuel price adjustment at some NNPC retail outlets.
Reports quoted Abdullahi Hashim, a resident of Kubwa, Abuja, to have said: “I observed the drop in the fuel price to N935 per litre on Saturday morning. It is a welcome development.”
“I think I first saw this new price adjustment in Town, Wuse Zone 4 area, on Friday. NNPC filling station at Kubwa Expressway is just reflecting it,” Bukola Adewole also said.
The development comes after Dangote Refinery announced in its ex-depot petrol price to N835 per litre from N865.
The 650,000 barrels per day refinery had announced that its partners, such as MRS and AP filling stations, are expected to sell petrol between N890 and N920 per litre, depending on the location.
Meanwhile, MRS filling stations in Abuja have not been dispensing petrol since Wednesday, April 16, 2025, when Dangote Refinery announced a slash in ex-depot petrol price.
