80 Years Strong: Wema Bank reaffirms commitment to innovation and empowering Nigerians

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Wema Bank Plc celebrated its 80th anniversary in Lagos, reaffirming its commitment to innovation, inclusive banking, and customer satisfaction. Managing Director and Chief Executive Officer Moruf Oseni described the milestone as a celebration of resilience and a renewed pledge to deliver value through technology-driven solutions.

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“Wema Bank is 80 years strong—and still driven by purpose, innovation, and people. Our legacy is one of trust, and the future holds even more promise,” Oseni said. He highlighted the bank’s transformation from its inception in 1945 as Agbonmagbe Bank into one of Nigeria’s most innovative banks, noting its digital banking platform, ALAT, had positioned it as a pioneer in Africa’s financial services landscape

Chairman of the Board of Directors, Oluwayemisi Olorunshola, reflected on the bank’s journey and reaffirmed its commitment to economic empowerment, especially for women. She cited the bank’s initiative, SARA by Wema, which has reached over 400,000 unbanked women, disbursed N75bn in low-interest loans, and created over 900 jobs. “My journey is a testimony to what’s possible when women are empowered. Wema Bank is walking the talk in championing gender inclusion,” she said.

The event attracted several dignitaries, including Governors Seyi Makinde, Dapo Abiodun, and Lucky Aiyedatiwa, who commended the bank for its role in Nigeria’s economic growth. Makinde praised Wema Bank’s resilience and digital transformation, saying, “Wema Bank’s journey over the past eight decades shows what can be achieved with vision and consistency.

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