
Nigerian bank, Wema has announced changes in their senior management team members entering the new year
Moruf Oseni was named the new Managing Director and Chief Executive Officer of Wema Bank, succeeding Ademola Adebise who’s terminal leave will commence on January 2, 2023 following his retirement on March 31, 2023.
Oseni, before attaining his new position, was formerly the Deputy Managing Director of the Bank, a position which has now been handed over to Wole Akinleye, a former Executive Director,
The Board room changes continued with the appointment of Tunde Mabawonku as the new Executive Director.
All Board room changes compiled from the statement reads: “Wema Bank Plc. hereby announces the retirement of its Managing Director/CEO, Ademola Adebise. He will be proceeding on terminal leave from January 2nd, 2023, after over 13 years of meritorious service on the Board of the Bank. He will be succeeded by Moruf Oseni, currently the Deputy Managing Director.” It was learnt that the appointment of Oseni as the Managing Director/CEO is subject to the approval of the Central Bank of Nigeria (CBN). The statement reads further: “Moruf Oseni joined Wema Bank in June 2012 as an Executive Director. He has over 25 years of experience with more than 16 years at Senior and Executive Management levels. “Moruf Oseni was an Executive Director for 6 years and Deputy Managing Director for the last 4 years and has demonstrated capacity to lead the Bank. “He presently has responsibility for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and Technology Divisions. Moruf is also the Executive Compliance Officer of the Bank.”
While Wema banks makes this changes, it is expected that in the coming months more banks will announce boardroom changes
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