Wema Bank, Nigeria’s most revolutionary {bank} and pioneer of Africa first totally digital {bank}, ALAT, has formally marked its eightieth anniversary on Could 2nd, 2025, receiving nationwide commendation for its trailblazing legacy as Nigeria’s oldest and longest surviving indigenous {bank}.
Established as Agbonmagbe {Bank} Restricted in 1945, Wema Bank paved the way in which for indigenous banking to thrive in Nigeria, difficult colonial monopoly of the banking trade to change into a supplier of monetary companies tailor-made to the wants of indigenous Nigerians and companies. 8 a long time later, Wema Bank has not solely metamorphosed into a frontrunner in banking and innovation, but additionally remained unwavering in its dedication to empowering Nigerians with entry to {financial} companies. At 80 years, Wema Bank is proof that indigenous companies can thrive in Nigeria.
Congratulating Wema Bank in an announcement launched on Could 1, 2025, His Excellency, President Bola Ahmed Tinubu, the President of the Federal Republic of Nigeria, counseled the {Bank} for its unwavering resilience and technological improvements, which have set it aside amongst Nigeria’s banks. “Over the past eight a long time, the {bank} has targeted on the imaginative and prescient of its founding fathers to assist Nigerian companies throughout all the important thing {economic} sectors with strategic enterprise advisory and {financial} assist, that are very important for sustainable development”, he remarked.
Additional commending the {Bank}’s management for staying the course and steering the ship in the precise course, the President underscored WEMA {Bank}’s 80 years of affect within the Nigerian {financial} companies sector, expressing his confidence within the {Bank}’s brighter future.
Pledging continued dedication to digital innovation, inclusive banking, and customer-focused service, Moruf Oseni, Wema Bank’s MD/CEO, prolonged gratitude to the federal government, in addition to the {Bank}’s companions, clients, shareholders, workers and different stakeholders, for his or her assist and contributions to Wema Bank’s 80-year journey of transformation. Based on him, “Company longevity in Nigeria isn’t quite common. Many banks, establishments and family names from the 1900s are now not in existence, and now solely stay in our recollections and trade folklore. Towards this bleak backdrop, Wema Bank’s story shines. The truth that this nice {bank} is even older than our beloved nation and remains to be thriving at 80, is a factor of pleasure and worthy of celebration”.
“To our clients, new and previous, thanks for trusting Wems {Bank} to steward your funds. To our shareholders, thanks in your regular religion and confidence in us. To workers previous and current, your tenacity , diligence and dedication to execution has constructed this legacy , and I say an enormous thanks for all you do. I thank the President for his foresight and unwavering dedication to the preservation of our legacy”.
“Wema Bank is 80 years robust—and nonetheless pushed by objective, innovation and other people. We have now a giant and daring imaginative and prescient for Wema Bank. Essentially the most imminent milestone is our return to the highest tier of banking in Nigeria, and as we glance to the way forward for prospects forward, we are going to stay dedicated to the time-tested ideas which have introduced us this far—creativity, innovation and an incurable obsession with our clients”, Oseni stated.
Different dignitaries additional lauded Wema Bank in particular person on the eightieth anniversary Gala which occurred in Lagos, Nigeria, on Could 2nd, 2025. Amongst these dignitaries have been the Governor of Oyo State, Engr. Seyi Makinde, the Governor of Ogun State, Prince Dapo Abiodun and the Governor of Ondo State, Hon. Fortunate Aiyedatiwa. Representatives of Vice President Kashim Shettima, in addition to the First Girl, Senator Oluremi Tinubu, additionally conveyed the federal authorities’s appreciation for Wema Bank’s contributions to inclusion and {economic} improvement over the a long time.
