What Does Wema Bank Plc Do?

Total employees968
HeadquartersLagos Island
Founded1945

Wema Bank Plc is Nigeria's longest-surviving indigenous bank, established in 1945 as Agbonmagbe Bank Limited. It offers a wide range of banking services including retail banking, Small and Medium Enterprise (SME) banking, corporate banking, treasury services, trade services, and financial advisory. Wema Bank is renowned for its pioneering digital banking platform, ALAT, which was Africa's first fully digital bank. The bank is committed to providing innovative financial solutions and excellent customer service, leveraging technology to enhance banking convenience for its customers across Nigeria. It operates a network of branches and digital channels, catering to diverse customer needs.

Where Is Wema Bank Plc's Headquarters?

Wema Bank Plc officeWema Bank Plc officeWema Bank Plc officeWema Bank Plc office
*Images sourced via web search. Rights belong to original owners

HQ Function

The headquarters serves as the central hub for strategic planning, corporate governance, core operational management, policy formulation, and leadership for all Wema Bank operations nationwide.

Notable Features:

Wema Tower is a modern high-rise building, recognized for its contemporary architecture and significant presence on the Lagos Marina skyline. It is equipped with modern facilities to support the bank's extensive operations.

Work Culture:

The work culture at Wema Bank's headquarters is dynamic, professional, and increasingly agile, with a strong emphasis on innovation (especially driven by its ALAT digital bank), collaboration, customer-centricity, and employee development. There's a blend of traditional banking diligence with a forward-thinking, tech-driven approach.

HQ Significance:

The headquarters' location in Marina, Lagos, places Wema Bank at the epicenter of Nigeria's financial and commercial activities. It symbolizes the bank's stability, enduring legacy, and its role as a key player in the Nigerian banking sector and economic development.

Values Reflected in HQ: The headquarters embodies values such as stability, innovation, resilience, customer focus, and a commitment to excellence and ethical banking practices in Nigeria's evolving financial landscape.

Location:

Wema Bank Plc primarily operates within Nigeria, with an extensive network of branches and digital services across the country. Its global reach is facilitated through correspondent banking relationships with international financial institutions, enabling international trade finance and remittance services. Additionally, its digital banking platform, ALAT, allows customers to access banking services globally, particularly catering to Nigerians in the diaspora.

Street Address:

Wema Tower, 54 Marina

City:

Lagos Island

State/Province:

Lagos State

Country:

Nigeria

Where Else Does Wema Bank Plc Operate Around the World?

Abuja, FCT, Nigeria

Address: Plot 796, Muhammadu Buhari Way, Central Business District, Abuja, FCT, Nigeria

To serve as a key operational hub for the Northern region, facilitating business development, customer relationship management, and ensuring strategic presence in the Federal Capital Territory for key governmental and corporate interactions.

Port Harcourt, Rivers State, Nigeria

Address: Plot 202, Olu Obasanjo Road, Port Harcourt, Rivers State, Nigeria

To cater to the specific financial needs of the Niger Delta region, supporting commerce, the energy sector, and providing robust retail and corporate banking services to drive economic growth in the area.

Buying Intent Signals for Wema Bank Plc

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Wema Bank Plc? Meet the Executive Team

As of April 2025, Wema Bank Plc' leadership includes:

Moruf Oseni - Managing Director/Chief Executive Officer
Wole Akinleye - Deputy Managing Director
Emirate Olayinka - Acting Chief Finance Officer
Tunde Mabawonku - Executive Director, Retail & Digital Business
Oluwole Ajimisinmi - Executive Director, Lagos Directorate & SW
Chukwuemeka Obiagwu - Executive Director, Northern & SE/SS Directorate
Feyisikemi Jegede - Company Secretary/General Counsel

Who's Investing in Wema Bank Plc?

Wema Bank Plc has been backed by several prominent investors over the years, including:

Publicly traded on the Nigerian Exchange Group (NGX) under the ticker WEMABANK.
Neemtree Limited (significant shareholder)
Petrodims Services Limited (significant shareholder)
SW8 Investment Limited (significant shareholder)
Various institutional and retail investors.

What Leadership Changes Has Wema Bank Plc Seen Recently?

Hire4
Exits2

Wema Bank Plc has experienced significant leadership transitions recently, including the appointment of a new MD/CEO, Deputy MD, an Acting CFO, and changes in Executive Director roles, reflecting a strategic refresh of its top management.

Departures

Adeleke Adebiyi, Adeleke Adebiyi resigned as Chief Financial Officer of Wema Bank Plc.
Ademola Adebise, Ademola Adebise retired as MD/CEO of Wema Bank Plc after a distinguished career.

New Appointments:

Moruf Oseni, Moruf Oseni took the helm as the new MD/CEO of Wema Bank Plc.
Wole Akinleye, Wole Akinleye was appointed as the Deputy Managing Director, strengthening the executive leadership.
Tunde Mabawonku, Tunde Mabawonku transitioned from CFO to Executive Director, Retail & Digital Business, to drive digital transformation.
Emirate Olayinka, Emirate Olayinka was appointed as Acting Chief Finance Officer, taking over key financial oversight.

What Technology (Tech Stack) Is Used byWema Bank Plc?

Discover the tools Wema Bank Plc uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Wema Bank Plc Email Formats and Examples

Wema Bank Plc primarily uses the email format combining the first initial and last name, or first name and last name, followed by '@wemabank.com'. This is a common structure for corporate communication.

[first_initial].[last_name]@wemabank.com or [first_name].[last_name]@wemabank.com

Format

m.oseni@wemabank.com

Example

85%

Success rate

What's the Latest News About Wema Bank Plc?

Premium Times Nigeria • April 2, 2024

Wema Bank grows profit by 196%, reports N33.7 billion after-tax profit

Wema Bank Plc announced a 196% increase in its profit after tax to N33.7 billion for the fiscal year 2023, up from N11.2 billion in 2022. Gross earnings also rose by 72% to N225.7 billion....more

ThisDay Live • May 16, 2024

Wema Bank, ALAT Reward Loyal Customers with Exciting Promo

Wema Bank's digital platform, ALAT, has launched a new promotional campaign to reward its loyal customers with various prizes and benefits, reinforcing its commitment to customer engagement and digital innovation....more

Nairametrics • February 27, 2024

Wema Bank obtains CBN approval to operate National License

Wema Bank Plc announced it has received approval from the Central Bank of Nigeria (CBN) to upgrade its operational license from a regional bank to a national bank, allowing it to expand its physical presence across all states of Nigeria....more

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