Wema Bank Appoints New MD

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 Wema Bank Plc has announced the appointment of  Moruf Oseni as its substantive Managing Director and Chief Executive Officer effective April 1, 2023.

Moruf Oseni
Moruf Oseni 

Oseni's journey with Wema Bank began in 2012 when he joined as an Executive Director, the bank said in a statement.


Prior to his appointment, he has served as the Deputy Managing Director for the last four years, “a role where he demonstrated the capacity to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.”


With over 25 years of experience, including more than 16 years at senior to execuhtive management levels, Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm. 


The bank stated that  Oseni’s credentials “speak for themselves, with an MBA from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MIF) from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU). He is also an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.”


Wema Bank 


In addition to Oseni’s appointment, the CBN also approved the appointments of Wole Akinyele as Deputy Managing Director, and Tunde Mabawonku as Executive Director.

“The Board is confident that these new appointments will be crucial to the continued transformation and growth of the Bank as it positions itself as a market leader in Nigeria’s banking industry through technology and innovation,” a statement from the bank added.

Location: Lagos, Nigeria

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