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Economy

Anniversary: Wema Bank Celebrates Historic Feats At 80, Projects Return To Top-Tier Ranking

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Shareholders Applauds Wema’s 2024 Financial Performance

Anniversary: Wema Bank Celebrates Historic Feats At 80, Projects Return To Top-Tier Ranking

Anniversary: Wema Bank celebrates historic feats at 80, projects return to top-tier ranking. Ms Olorunshola reflected on the institution’s long and storied history.

The Managing Director of Wema Bank, Moruf Oseni, has said the bank’s goal is returning to Nigeria’s top tier of banking.

He stated this during the Gala Night in Lagos, celebrating the bank’s 80th anniversary under the theme, “Timeless Elegance.’’

Mr Oseni said, “We have a bold vision for Nigeria’s financial future. Our immediate aim is to reclaim our place at the industry’s forefront. We’ll keep innovating, using technology to offer financial services that empower Nigerians and Africans to succeed wherever they are.”

Mr Oseni expressed confidence in the bank’s future, anchored on creativity, innovation, and unwavering customer focus.

He also stressed the bank’s commitment to nurturing future talent, while honouring the role of women in banking’s past and present.

Encouraging unity, Mr Oseni shared the bank’s internal identity: “At Wema, we call ourselves knights — skilled, ready to face challenges, and fulfil our God-given potential.”

Earlier, Wema Bank Chairman, Dr Oluwayemisi Olorunshola, reflected on the institution’s long and storied history.

She said, “We celebrate God’s grace, foresight, resilience, hard work, and inclusivity — traditions we proudly uphold.’’

She recounted the bank’s founding in 1945 as Agbonmagbe Bank, Nigeria’s first indigenous bank during colonial rule.

“It was these values that gave our founder the courage to establish Agbonmagbe Bank under colonial rule. What a solid foundation,” she noted.

Ms Olorunshola praised Wema Bank’s resilience through key moments in history, including war, economic booms, and global crises.

She stated, “We welcomed information, explored new terrain, and embraced innovation fearlessly. We’re not just counting years — we’re celebrating seasons, generations, eras, and transformational milestones.’’

Wema Bank Celebrates Historic Feats At 80

Wema Bank Celebrates Historic Feats At 80

 

The event welcomed dignitaries such as Vice President Kashim Shettima, represented by his Special Adviser on Job Creation & MSME, Temitola Adekunle-Johnson, and philanthropist, Kessington Adebutu. They applauded Wema Bank’s lasting contributions to Nigeria’s economic progress.

Mr Shettima noted that Wema Bank had “stood the test of time” and shaped the nation’s financial journey.

Mr Adebutu echoed this, praising the bank’s resilience and foresight from humble roots to major industry presence.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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