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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

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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Tinubu’s Aide Sunday Dare to Deliver TheGazelleNews’ Anniversary Lecture

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The Special Adviser to President Bola Ahmed Tinubu on Media and Public Communications, Sunday Dare, has been announced as the Keynote Speaker for the Anniversary Public Lecture of Lagos-based online newspaper, thegazellenews’.com.

The lecture is scheduled to hold on Wednesday, 15 July, 2026 at the Radisson Blu Hotel, Lagos, by 10:00 a.m. 

The event will focus on the theme: “Driving Grassroots Governance with Public-Private Partnership: The Pains, The Challenges, The Prospects

In a statement, the management of TheGazelleNews said the annual lecture series was established to provide a platform for intellectual discourse and policy conversations on critical national issues affecting Nigeria and its people.

The organisers noted that the lecture has, over the years, attracted eminent personalities, policymakers, academics, media practitioners, captains of industry and political stakeholders from across the country.

The management described Dare as a seasoned administrator, journalist and communications strategist whose extensive experience in governance and public service positions him to lead discussions on grassroots governance and the role of public-private partnerships in national development.

“The annual lecture series was created to provide a platform for intellectual discourse and policy conversations on critical national issues affecting the country and its people,” the statement noted.

It further disclosed that invited guests and participants are expected from government institutions, media organisations, civil society groups and the private sector.

Dare, a distinguished global communications and multimedia expert, author and public speaker, brings more than three decades of experience across journalism, governance, public policy and strategic communications.

He currently serves as Special Adviser to President Tinubu on Media and Public Communications, where he plays a central role in shaping and coordinating the administration’s public communication strategy.

Throughout his career, he has built a reputation for combining journalism, public policy and stakeholder management, while championing institutional reforms, digital innovation and youth empowerment initiatives.

Before his current role, Dare served as Minister of Youth and Sports Development from 2019 to 2023, where he introduced the Nigeria Sports Industry Policy (NSIP), widely known as the “Sports as Business” model. 

He also spearheaded the implementation of a 10-year Football Master Plan designed to reposition Nigerian football and launched the Adopt-an-Athlete Initiative to strengthen sports development.

Under his leadership, Nigeria recorded one of its most successful outings at major international sporting competitions, including the Commonwealth Games and the Olympics, securing a combined 35 medals. 

He also facilitated the establishment of the N75 billion Nigeria Youth Investment Fund (NYIF) to support youth entrepreneurship and economic empowerment.

Earlier, Dare served as Executive Commissioner for Stakeholder Management at the Nigerian Communications Commission (NCC) between 2016 and 2019, overseeing stakeholder engagement and supervising key departments, including Licensing and Authorisation, Legal and Enforcement, and Zonal Operations.

He also previously served as Chief of Staff and Special Adviser on Media to Tinubu, managing media relations and political communications.

In the international media arena, Dare worked with the Independent Communication Network Limited (ICNL), publishers of The News/Tempo/PM News where he rose to become the General Editor of the flagship publication of the company, The News magazine. Dare was one of the leading lights in the media war against the military junta in the days of Babangida and late Sanni Abacha and was active in the guerilla journalism of that era.

He spent nearly a decade at Voice of America, rising to become Chief of the Hausa Service. In that capacity, he directed radio programming that reached an estimated audience of 28 million listeners daily across West Africa while introducing modern information technology tools into newsroom operations.

Academically, Dare attended Ahmadu Bello University, University of Jos, New York University, Harvard University and University of Oxford. He is currently pursuing a PhD in Intelligence and Global Security.

The management of TheGazelleNews expressed confidence that Dare’s experience in governance, media, public policy and strategic communications would enrich discussions at the anniversary lecture and stimulate meaningful conversations on strengthening grassroots governance through effective public-private partnerships.

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