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.
The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has died. He was aged 90.
Oba Olakulehin, who ascended the throne in July 2024, died in the early hours of Monday, July 7, 2025, after spending a year on the throne, and two days after his 90th birthday
Oba Olakulehin received the staff of office from Oyo State Governor Engr. Seyi Makinde, on July 12, 2024, as the 43rd Olubadan of Ibadanland.
Oba Olakulehin ascended the throne from the chieftancy rung of Balogun Olubadan, following the demise of Oba (Dr.) Moshood Lekan Balogun, Alli Okunmade II, who died at the age of 81 years on March 14, 2024.
Personality in Focus
Things Fall Apart Festival 2025: Chimamanda Adichie Calls for Igbo Unity, Honoured by ATPN
Global literary icon, Chimamanda Ngozi Adichie, has been inducted as an Honorary Fellow of theAssociation of Tourism Practitioners of Nigeria (ATPN), in recognition of her remarkable contributions to promoting Nigeria’s cultural identity through literature. Her works, which have earned worldwide acclaim, continue to project Nigerian—and particularly Igbo—culture on the global stage.
The honorary induction took place during the Things Fall Apart Festival (TFA) 2025, held in Enugu and organized by the Centre for Memories – Ncheta Ndigbo, with endorsement from the National Council for Arts and Culture (NCAC) and the ATPN, and in partnership with iTour Africa. The festival is a celebration of the legacy of Chinua Achebe’s timeless novel, Things Fall Apart.
Adichie, who chaired the festival, delivered a stirring address that emphasized the urgent need for unity and cultural pride among the Igbo people. Also present at the event were several dignitaries including Sir Ike Chioke, Managing Director of Afrinvest; Sir Emeka Mba, former DG of the Nigerian Broadcasting Commission and founder of Afia TV; and celebrated actor Chief Nkem Owoh (Osuofia).
Speaking on behalf of ATPN National President Omo-Oba Adetunji Femi Fadina, the association’s Deputy President II, Wilson Uche Ugwu, emphasized the vital role of cultural identity in tourism development. He urged Nigerians—especially the Igbo—to take pride in their heritage and support initiatives that preserve and promote indigenous culture. Ugwu also reaffirmed ATPN’s commitment to professionalism among tourism practitioners and the need to avoid distorting Nigeria’s rich history and traditions.
In her keynote speech, Chimamanda Adichie made a powerful call for internal reflection and unity within the Igbo community:
“Ndigbo k’anyi tetalu n’ura. Let us wake up. Ife emebigo n’ala Igbo. Things have fallen apart in Igbo land,” she said. “We often speak of political marginalisation, and indeed any honest assessment of post-war Nigerian history acknowledges that. But before we can truly challenge external forces, we must first ‘clean house.’ We are giving those who want to marginalise us even more reasons to justify their actions.”
She stressed that unity does not mean uniformity but a conscious choice to collaborate for a greater goal despite differences.
“If all governors and senators from the Igbo-speaking states come together and set aside party affiliations, it would bestow a significant bargaining power to influence policies beneficial to the region.”
Adichie also delved into the erosion of Igbo language and identity, lamenting the decline of Igbo literature and the increasing pride in raising children who do not speak their native tongue.
“Languages are beautiful, and the more languages a child can speak, the better. But what’s happening in Igbo land is not about the ability to learn languages—it is about the lack of value for what is ours. Even our naming culture is eroding. We now give names not for their meaning, but for how ‘Western’ they sound.”
She drew parallels with the Germanic tribes, who despite having multiple dialects, united to form a modern German state. In contrast, she warned that internal divisions within Igbo society, often rooted in political rather than cultural identities, are weakening the community.
“Igbo is Igbo. Nobody is more Igbo than another. The distinctions we make today—‘Anambra Igbo,’ ‘Delta Igbo’—are political, not cultural. Our strength lies in our unity.”
The Things Fall Apart Festival 2025 served not only as a celebration of Achebe’s literary genius but also as a rallying point for cultural rebirth and communal introspection. It was a fitting occasion to honour Chimamanda Adichie, a torchbearer of African storytelling and cultural preservation.
Famous American televangelist, Jimmy Swaggart, has died at the age of 90.
Jimmy Swaggart’s death was announced on his Facebook page on Tuesday.
He reportedly died two weeks after suffering a cardiac arrest at his Louisiana home on June 15 2025.
The once most recognized Pentecostal preacher in the United States, was brought down in the late 1980s by sex scandals.
The pastor of the Family Worship Center in Baton Rouge, was reportedly caught on camera in 1988 with a prostitute in New Orleans.
Jimmy Swaggart was embroiled in a prostitution controversy in 1988 after he accused Marvin Gorman, his fellow preacher, of infidelity.
In retaliation, Gorman hired a private investigator who caught Swaggart with a prostitute.
The development triggered a national scandal, prompting him to temporarily step down from preaching.
Addressing the incident during a tearful sermon in 1988, Jimmy Swaggart apologized to his parishioners.
“I have sinned against you. I beg you to forgive me”, he said.
After the scandal, he, however, continued preaching for decades, but with a reduced audience.
