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.
By Ayo Baje Oyoze
Quote:
“There are several court rulings, including that of the Court of Appeal, each of which deems it illegal to suspend an elected member of the legislature. The recent suspension of Senator Natasha Akpoti – Uduaghan is therefore, the height of legislative recklessness” – Femi Falana SAN
When and where might – is – right, as amply demonstrated by the recent outrageous and illegal suspension of Senator Natasha Akpoti-Uduaghan, representing Kogi Central Senatorial District at the Red Chamber – without salary or allowances – it does not only question the authority on which the lawmakers stand to carry out their statutory functions but ridicules the manner of democracy we practise here in Nigeria. And if the wrong done is not righted within the shortest possible time, it goes further to de-brand our so called democratic structure that places overt power of the jungle mantra of might – is – right on the elected representatives of the people above the wishes of the led majority. That indeed, is both an aberration and a legislative anomaly, triggered by the senator’s suspension, hence the outrage it has so far evolved. But let us first take an objective analysis of the drama that led to the development.
Senator Natasha Akpoti-Uduaghan ‘s suspension took place after she submitted a petition alleging being sexually harassed by the Senate President, Godswill Akpabio. After dismissing her petition on procedural ground the Ethics Committee, as led by Neda Imasuen ( Labour Party, Edo South) recommended her suspension for six months claiming that she brought ”
public opprobrium” to the Upper Chamber of the National Assembly. Though some members wanted the suspension reduced to three months, 14 members of the Committee stood by their decision, insisting that Natasha did not attend the investigative hearing to defend herself. In fact, they went further to ask her to tender an apology to the same Senate President Akpabio she has accused of sexual harassment, for her outburst during the plenary session!
Expectedly, the steamy situation has sparked off some flaming questions with regards to the rule of law under such circumstances. For instance, is it not her inalienable right to reject the sitting arrangement, which was surreptitiously meant to relegate her to the legislative shadows? Good enough, the answer is not far -fetched. According to Natasha’s legal counsel, Victor Giwa the Nigerian constitution of 1999, (as amended) supersedes the Senate’s Standing Orders. Specifically, Section 6, Sub-Section (6) of that constitution grants every citizen the right to seek redress in court when their civil rights are violated. Incidentally, she has done so, with her knowledge of the law.
The next question has to do with the best of ways to handle a delicate matter such as this. Should the matter not have been made open by placing it before an independent panel, to investigate and make recommendations in the interest of justice? That is, instead of slamming Natasha for having the gut, the temerity and audacity to express her complaints at the Senate chamber? According to Giwa the suspension of his client is definitely a brazen attempt to silence her. But unfortunately, for those behind it all it has only emboldened her to seek for justice going through the right process. In Giwa’s words: “The Committee disobeyed a valid court order that was served on them, making a mockery of the chamber that is supposed to uphold the law”. That should serve as food-for-thought for the masterminds behind the illegal suspension of the senator.
That perhaps, aptly explains why the Nigeria Bar Association ( NBA) has slammed the Senate by not giving her, the complainant to present her sexual harassment claim against Akpabio. That reminds us of the odious ” off the mic ” scenario that has played out each time an issue of public interest is being denied an objective investigation. The lawmakers, especially those who are bent on attempting to paper over cracks, or give a person a bad name to hang him or her must be reminded that there is a court order restraining the Senate from taking an action on the matter, pending the determination of of s motion on notice. The mishandling of the matter at hand by the senators is what has emboldened Natasha’s lawyer, Giwa to declare her suspension as ” null and void”. Yet, he is not the only person to outrightly condemn the illegality that has evolved so far.
The world acclaimed Women Rights activist, Hadiza Ado described Natasha’s suspension as amounting to a “,sad day for Nigerian women”. On its part the Socio–Economic Rights and Accountability Project ( SERAP ) has described it as “patently unlawful”and a clear violation of her right to freedom of speech. The organization has therefore, called on the Senate President Akpabio to reinstate her without further delay or face their legal action against such oddity. Similarly, the Peoples Democratic Party, PDP to which Natasha belongs has described as her suspension as am attempt by the Senate ” to cover up an issue”. That is according to the National Publicity Secretary, Debbo Ologunagba.So, what really could it be?
It would be recalled that on February 28, 2025 right on ARISE television, Natasha made a bold allegation of sexual harassment against the Senate President Akpabio.While some concerned Nigerians wondered why she went as far as that point of publicity, others knowing fully well about her background as an Ihima- born lady brought up with high moral standards would not kowtow to, be cowed by anyone, or acquiesce to the weird and wild emotional inclinations of a man for whatever reasons.
So, as the AKPoti -AKPabio saga rolls out, the lesson to learn is for people to always strike the delicate balance between the Motive and the Method of our utterances and actions. And of course, the brand we want to be recognized and stand for in our chequered journeys on Planet Earth. Of great significance also is the piece of admonition by Natasha’s legal counsel, Giwa, that: ” The Senate must abide by international best practices” all because the world is watching us.
Former Presidential Spokesperson, Doyin Okupe has reportedly passed away.
TheNewsGuru reports that the senior adviser to former President Goodluck Jonathan and, recently, the Director-General of Peter Obi’s 2023 Presidential Campaign died at 71, after a long struggle with cancer.
In October 2023, Okupe was hospitalized with prostate cancer and was flown to Israel for treatment.
However, it was learnt that his condition did not improve as expected.
Okupe had a history of prostate cancer, first diagnosed 16 years ago, and a later bout with sarcoma in his right shoulder.
Following his milestone achievements as Chairman of the Police Campaign Against Cultism and Other Vices (POCACOV), the Chairman/CEO of Executive Group, Dr. Ayo Ogunsan has been officially announced as the Patron of the Police advocacy initiative in Lagos State, National Association of Online Security News Publishers, NAOSNP can report.
The POCACOV is the Nigeria Police Force advocacy initiative to help young people avoid cultism and other vices. It uses advocacy, awareness, and sensitization to help young people avoid vices by conducting community outreaches to schools, inner cities, rural areas, and urban centres. It also helps to rehabilitate and reintegrate those who have been cut in the web of cultism, crimes, and social vices.
It would be recalled that Dr. Ayo Ogunsan took up the Chairmanship job about a year ago and was able to use his grand standing as the Board Member of Lagos State Security Trust Fund (LSSTF), prime supporter of security news beat association National Association of Online Security News Publishers (NAOSNP), and leadership of non-profit initiative, AKEM Foundation to champion his work and various impacting activities in the past one year. This is why POCACOV through its National Coordinator, ACP Olabisi Oluseyi Okuwobi on behalf of the Inspector General of Police announced his official elevation into the role of Patron of POCACOV in Lagos State.
The United Nations POLAC International Peace Advocate, Dr. Ayo Ogunsan expressed his gratitude to the Inspector General of Police, IGP Kayode Egbetokun and the National Coordinator, ACP Okuwobi for the new role and promised to give direction to the new Chairman, Mr. Moses Oladimeji which will lead to improved performance of POCACOV in Lagos.
‘I will keep raiding our communities with love. We will give them food, shelter, etc. Police will do the Police work but I will do the policing of love’, Ogunsan affirmed.
This piece is contributed by Oki Samson
