Personality in Focus
Wema Bank Gets New MD/CEO As Adebise Retires
Wema Bank Plc has appointed Mr. Moruf Oseni as the new Managing Director/Chief Executive Officer of the bank as Mr. Ademola Adebise proceeds on a terminal leave effect from January 2, 2023, after 13 years of meritorious service on the Board of the Bank, pending his final disengagement from the bank in March 2023.
A statement signed by the Bank’s Company Secretary/Legal Adviser, Johnson Lebile, disclosed that Ademola Adebise was appointed as the Managing Director/Chief Executive Officer of Wema Bank Plc in June 2018. He joined the Bank in June 2009 as an Executive Director and rose to become the Deputy Managing Director in 2015. Under his leadership, he expanded the bank’s footprints to other locations in Nigeria, he improved the performance of the Bank and spearheaded the first Dividend payment in 13 years, since then, he has ensured consistent dividend payment over the last 4 years. The Bank has grown its Total Assets by 155%, from N470 billion to over N1.2trillion. Deposits also grew by 214% from N350 billion to N1.1 trillion. He initiated the partnership with Bank of Africa to support its customers across the African continent which has increased the Bank’s market share and customer base. All these led to an additional growth of 2 million customer accounts in Nigeria and a market share of 3% of industry volumes. The Bank is now the leading collection bank for state and government agencies due to its effective and efficient platform. The Bank’s rating by agencies was upgraded to BBB investment grade.
The Bank significantly changed the digital landscape through the ALAT platform. The innovative platform also came tops in the KPMG Digital Scorecard for leading retail banks in Nigeria and this was based on in-depth insights into the state of user experience on retail banks’ digital channels. Furthermore, the Bank launched the first SME Business School for capacity building and empowerment of SMEs – this has benefitted over 20,000 small businesses. The Bank also became one of the founding members of the United Nations Environmental plan for financial institutions (UNEP- FI) and continues to provide digital solutions for societal impact.
The Chairman of the Board, Mr. Babatunde Kasali on behalf of the Board and Management expressed its profound gratitude to Ademola for his service and wish him the best in his future endeavors.
Further, Wema Bank Plc is pleased to announce the appointment of Mr. Moruf Oseni as the Managing Director/CEO subject to the approval of the Central Bank of Nigeria.
Moruf Oseni joined Wema Bank in June 2012 as an Executive Director. He has over 25 years of experience with more than 16 years at Senior and Executive Management levels. Moruf Oseni was an Executive Director for 6 years and Deputy Managing Director for the last 4 years and has demonstrated capacity to lead the Bank. He presently has responsibility for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and the Technology Divisions. Moruf is also the Executive Compliance Officer of the Bank. He supervised the launch of ALAT – Nigeria’s 1st digital Bank that has received local and global awards and multiple accolades. Before joining Wema Bank, Moruf was the CEO of MG Ineso Limited, a principal investment and financial advisory firm. Prior to MG Ineso, Moruf was a Vice President at Renaissance Capital, and an Associate at Salomon Brothers/Citigroup Global Markets in London.
Moruf holds an MBA degree 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), Ile-Ife, Nigeria. He is also an alumnus of both the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.
Other Board appointments include:
Wole Akinleye: Appointed as the Deputy Managing Director. Wole has over 32 years Banking experience. He presently oversees Corporate Banking and South West Business Directorate for the Bank. A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Wole is an alumnus of the Advanced Management Program of the Harvard Business School. He obtained his first degree in Accounting from Obafemi Awolowo University in 1989 and subsequently, a master’s degree in Business Administration (Finance) from the same University.
Tunde Mabawonku: Appointed as Executive Director. He has over 23 years of experience and is presently the Chief Finance Officer and the Divisional Head of Finance & Corporate Services. Tunde has a master’s in finance from the London Business School and a first degree in Economics from University of Ibadan. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) & Chartered Institute of Taxation of Nigeria (CITN) and is an Honorary member of the Chartered Institute of Bankers (HCIB). He has also attended several Senior Leadership programs.
In conclusion, the Board of Directors are confident that the appointment of the Executives will lead to the continued transformation and growth of the Bank, particularly as the Bank positions itself as a market leader in Nigeria’s retail banking segment through technology and innovation.
The appointments take effect from April 1, 2023 and are subject to the approval of the Central Bank of Nigeria and other regulatory authorities.
When the President called to inform me of his decision to magnanimously confer on me the the National Award of Commander of the Federal Republic, CFR, on account of my much advertised role in the struggle for the validation of the June 12th election and affirmation of Chief MKO Abiola’s mandate, my first reaction was why only me and not all those unsung heroes. Those officers and men who actively participated in that struggle, risking their careers and even lives.
Although I was one of the leaders of that movement within the military, my contribution was by no means bigger than theirs. While I have been recognised and celebrated, including this National Honour by the President, they have remained anonymous.
It is therefore incumbent upon me to reveal the identity of these patriots if only to acknowledge and commend their contributions to the emergence of the current democratic dispensation.
The fact that Chief Abiola, the presumed winner of the June 12th election won over 80% of the Armed Forces votes, clearly demonstrated the contribution of the other members of the military. I should add that this list is by no means exhaustive.
There are a lot more participants who have remained unknown to me since they served under others. I apologise to all those whose names I must have missed.
May God recognise and reward your sacrifice.
Top on my list is my deputy at the Armoured Corps Centre and School, Col MA Garba, whose commitment was so strong that he continued with the execution of our plans after some of us were arrested, detained and mercifully retired in October, 1993. He went on, as he should, to attain the enviable rank of a Major General in the army.
Others are:
-Lt col Lawal Jaafaru Isa.
-Lt col UF Ahmed.
-Lt col MS Dasuki.
-Lt col ML Gwadabe.
-Lt col J. Temlong.
-Lt col Musa Shehu.
-Lt col Chris Eze.
-Lt col HM Dzarma.
-Lt col Isa Jibrin.
-Lt col JOS Oshanupin.
-Lt Col A Oloruntoba(kabiesi Olugbede of Gbede kingdom).
-Lt col Moke.
-Lt col Happy Bulus.
-Lt col Olagunsoye Oyinlola.
-Col J Okai.
-Col E. Ndubueze.
-Lt col Yakubu Muazu.
-Lt col Yahaya Abubakar ( current Etsu Nupe).
-Major Saad Abubakar (current Sultan of Sokoto).
-Maj Abba Maimalari.
-Maj Jamil Tahir.
-Maj Buzugbe.
-Maj LP Aprezi.
-Maj MK Yake.
-Maj J Dawah.
-Maj Suleiman Wali.
-Maj Dauda Komo.
-Maj Lucky Torrie.
-Maj JS Zaruwa.
-Maj M Sumaye.
-Maj Sani Bawa.
-Maj Ndaliman.
Maj Ahmed.
-Maj M Bawa.
-Lt col JB Ahmadu.
-Capt Junaid Bindawa.
-Capt Lar.
I therefore accept this award with all sense of humility on behalf of all these officers and men. Obviously, it goes without saying that this award will be doubly more meaningful if the democracy we all fought for delivers the real dividends.
This can happen only if leaders at all levels govern with the fear of God and in accordance with the tenets of democracy. It remains the hope and prayers of all patriots that nothing is done to derail this infant democracy.
To achieve the stability and progress of our democracy, leaders must prioritise good governance over politicking for self aggrandizement.
The three co-equal branches of government must operate independently while cooperating with each other.
One enduring lesson from the conduct of the officers and men is their decision to operate above sycophancy but to hold their superior officers to account.
Sadly, this does not appear to have a positive impact on our political leaders. Sycophancy everywhere has become the scourge of selfless and accountable leadership. It is the reason for the arrogance and vanity we see in our leaders at all levels. Men of straw are widely and falsely being elevated to the position of icons by self seeking sycophants.
Mr President must lead in a war against sycophancy in all its forms. This must allow for no exceptions including the rapidly growing trend of naming and renaming public institutions, facilities and other infrastructure after a President or State Governor while in office.
The other day, the Senate President was reported to have predicted that President Bola Tinubu would win the 2027 election with 99.9% of the votes! Even allowing for the fact that this Senate President is widely known for his humorous incitement, Mr President will do well to shun such oracles.
God bless Nigeria.
Abubakar Dangiwa Umar,
Colonel (Retd)
Deputy National Chairman (North) of the All Progressives Congress, Ali Bukar Dalori, has assumed office as the acting National Chairman of the ruling party.
This came following the resignation of Abdullahi Ganduje on Friday.
Ganduje’s resignation, though not officially explained as of press time, reportedly took many by surprise.
A top party official confirmed, “Yes, it is true. He has resigned.”
One source said his resignation may be linked to ongoing permutations around the vice-presidential slot, with increasing pressure to zone it to the North-West, Ganduje’s region.
“If the vice-presidential ticket is retained in the Northwest, the party chairmanship might have to shift elsewhere. Don’t forget, the APC had originally zoned the national chairmanship to the North-Central,” the source said.
Dalori, who holds the northern portfolio, now steps in.
Amid the quiet evacuation of Ganduje’s personal belongings from his office, staff and visitors at the APC national secretariat were left in shock.
As the party prepares to fill the vacancy, insiders say former Nasarawa State Governor, Senator Tanko Al-Makura, is a leading contender.
“Al-Makura is top of that list, as far as I know,” a source stated.
The Daily Editor of Vanguard Newspaper, Mr. Eze Anaba, has been re-elected as National President of the Nigerian Guild of Editors (NGE).
He was re-elected at the Biennial National Convention of the Guild currently going on at the International Conference Centre, Enugu.
Anaba was returned unopposed, a development attributed to his widely acknowledged record of administrative capability.
Also elected at the convention was the Managing Director of The Sun newspaper, Mr. Onuoha Ukoh, who clinched the position of General Secretary with 218 votes.
He defeated his closest rivals – Wole Sogunle and Qasim Akinreti – who polled 45 and 30 votes respectively.
Other elected officers include:
Deputy President: Sabastine Abu (175 votes), defeating Mohammed Sanusi Jubrin.
Vice President, West: Karbi Alabi
Vice Presidents: Hamza Idris and Sheddy Ozoene
Treasurer: Iyobosa Uwugiaren
Assistant Secretary: Gabriel Fulajimi Akinadewo
Publicity Secretary: Charles Kanu
Members elected into the Standing Committee from various zones are: Rose Moses, Ejiro Umukoro, Olabisi Deji-Folutile, Juliet Bumah, Umoru Ibrahim, Paulyn Ugbodaga, Chinedu Max Egere, and Ikpong Essien-Udoh.
The convention, which attracted over 400 editors from across Nigeria, was graced by several notable media veterans and public figures. Among the dignitaries in attendance were founder of Channels Television, Dr. John Momoh; former Ogun State Governor, Chief Segun Osoba; ex-NDDC Chairman, Chief Onyema Ugochukwu; and former Special Adviser on Media and Publicity to President Muhammadu Buhari, Femi Adesina.
