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Wema Bank celebrates 80th anniversary, receives national commendation

Wema Bank, Nigeria’s oldest indigenous bank and pioneer of ALAT, marks its 80th anniversary, receiving national commendation from President Bola Ahmed Tinubu for its resilience and innovation.

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Wema Bank 80th anniversary

Wema Bank, Nigeria’s oldest indigenous bank and pioneer of ALAT, marks its 80th anniversary, receiving national commendation from President Bola Ahmed Tinubu for its resilience and innovation

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Wema Bank, Nigeria’s most innovative bank and the pioneer of Africa’s first fully digital bank, ALAT, officially celebrated its 80th anniversary on May 2nd, 2025.

The milestone was met with national commendation for the bank’s enduring legacy as Nigeria’s oldest and longest-surviving indigenous bank.

Established in 1945 as Agbonmagbe Bank Limited, Wema Bank played a crucial role in the growth of indigenous banking in Nigeria, breaking the colonial monopoly in the sector.

Over the past eight decades, Wema Bank has evolved into a leader in banking and innovation, consistently demonstrating its commitment to empowering Nigerians with access to financial services. Its 80-year journey stands as a testament to the potential for indigenous businesses to thrive in Nigeria.

In a congratulatory statement released on May 1, 2025, His Excellency, President Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, lauded Wema Bank for its unwavering resilience and technological innovations.

The fact that this great bank is even older than our beloved nation and is still thriving at 80, is a thing of pride and worthy of celebration.” – Moruf Oseni, MD/CEO, Wema Bank

He noted the bank’s consistent focus on supporting Nigerian businesses across key economic sectors with strategic advisory and financial support, vital for sustainable growth. President Tinubu expressed his confidence in Wema Bank’s continued success.

Wema Bank 80th anniversary

L-R: Governor of Ogun State, His Excellency Dapo Abiodun; Governor of Ondo State, His Excellency Lucky Aiyedatiwa, MD/CEO Wema Bank PLC, Moruf Oseni and Governor of Oyo State, His Excellency Seyi Makinde at the Wema Bank 80 Years Anniversary Gala Night Held in Lagos over the weekend…

Moruf Oseni, Wema Bank’s MD/CEO, expressed gratitude to the government, partners, customers, shareholders, and employees for their support throughout the bank’s 80-year transformation.

He highlighted the rarity of corporate longevity in Nigeria, emphasizing the pride in Wema Bank being older than the nation itself and still thriving.

Oseni reaffirmed the bank’s commitment to digital innovation, inclusive banking, and customer-focused service, with a bold vision to return to the top tier of banking in Nigeria, driven by purpose, innovation, and a deep focus on customers.

The 80th-anniversary Gala, held in Lagos on May 2nd, 2025, was attended by dignitaries including the Governors of Oyo, Ogun, and Ondo States, as well as representatives of Vice President Kashim Shettima and First Lady Senator Oluremi Tinubu, who conveyed the federal government’s appreciation for Wema Bank’s contributions to inclusion and economic development.

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Gbenga Daniel Leads COREN Engineering Assembly, Calls for Infrastructure Growth

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Gbenga Daniel

Ogun East senator leads high-level discussions on innovation, sustainable infrastructure and engineering standards at COREN’s 34th Engineering Assembly

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UBA Business Series Features M.I Abaga, Chowdeck CEO to Drive Startup Conversations

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UBA

United Bank for Africa brings entrepreneurs, investors and technology leaders together to discuss building products shaped by African consumer needs

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Hamzat to Chair, Adebule Special Guest as TheGazelleNews Honours BKO, Antar Laniyan on Wednesday

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All roads lead to the Ijakadi Hall of the prestigious Radisson Blu Hotel on Isaac John Street, GRA Ikeja on Wednesday, 15 July, 2026, as TheGazelleNews holds its annual public lecture.

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The theme for this year’s event is: Driving Grassroots Governance with Public-Private Partnership: The Gains, The Pains, The Prospects.

The Deputy Governor of Lagos State and All Progressives Congress (APC) Governorship Candidate for the state, Dr Kadir Obafemi Hamzat will be Chairman at the occasion while the Senator representing Lagos West Senatorial District and former Deputy Governor of the state, Dr Idiat Oluranti Adebule will be the Special Guest of Honour.

The Keynote Speaker will be the Special Adviser to President Bola Ahmed Tinubu on Media and Public Communications, Chief Sunday Dare.

The Deputy Speaker of the Lagos State House of Assembly, RT Honourable Mojisola Lasbat Meranda; former Deputy Chief of Staff to ex-Osun Governor and Chief Operating Officer of TSAT/Thuraya Nigeria, Dr Abdullahi Adeyanju Binuyo; the Special Adviser to Governor Sanwo-Olu on Sustainable Development Goals, Dr Oreoluwa Finnih; the Executive Chairman of Agege Local Government, Abdul Ganiyu Vinod Obasa; and his counterpart from Abeokuta North Local Governent, Dr Lanre Oyegbola-Sodipo will discuss the main lecture by Chief Dare.

Former President of Nigerian Guild of Editors, Mrs Funke Egbemode will moderate the event.

Award highlights of the event are:

Presentation of Industry Icon Award to popular media practitioner, broadcaster and public analyst, Babajide Kolade-Otitoju for the Media Industry; and veteran actor, Antar Laniyan for the Movie Industry.

Three prominent politicians: Senator Ganiyu Olanrewaju Solomon, Asiwaju Olorunfumi Basorun and Chief Jide Ojuko will receive the Lifetime Achievement Award for their immense contributions to governance, democracy and growth of the country.

The Senior Special Assistant to the President on SDGs and former Deputy Governor of Lagos State, Princess Adejoke Orelope-Adefulire will be the Mother of the Day, while the Agbaoye of Ibadanland, Chief Kola Karim will be the Father of the Day.

Another highlight of the event is the special medical presentation to be provided by Biomedical Pharmaceutical Limited.

The Chairperson of the Organising Committee of the event, Mrs Adetutu Audu-Adebisi stated that TheGazelleNews Annual Public Lecture has provided avenue for policy makers interact and find ways of moving the country forward on various burning national issues.

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