WEMA BANK

A brief history of Wema

The bank was established on May 2, 1945, as a private limited liability company. It was founded
as Agbonmagbe Bank by the bank by the late Chief Mathew Adekoye Okupe. The bank was
renamed Wema Bank Limited in 1969 when it was taken over by the Western Nigeria Marketing
Board. Wema bank converted to a public limited liability company in 1987 and in 1990, the
Bank was listed on the Nigerian Stock Exchange. It was granted a Universal Banking License in
February 2001. As of 2019, Wema Bank operates the largest digital banking system in Nigeria.

Corporate Headquarters
54 Marina, Lagos Island.
Lagos State, Nigeria.
Corporate Website
www.wemabank.com
Management Team
Ademola Adebise
Managing Director
Moruf Oseni
Deputy Managing Director
Wole Akinleye
Executive Director
Chukwuemeka Obiagwu
Executive Director
Ajimisinmi Oluwole
Executive Director
Tunde Mabawonku
Chief Finance & Strategy Officer
Olukayode Bakare
Tresurer
Johnson Lebile
Company Secretary & Legal Adviser
Product
Retail Banking
Commercial Banking
Corporate Banking
Capital Base
#43.8 billion