Wema Bank Plc to list Rights Issue of 8.572bn ordinary shares on NGX
Moruf Oseni, Wema Bank MD

Adebayo Obajemu

Wema Bank Plc has appointed Moruf Oseni as its substantive Managing Director and Chief Executive Officer, effective April 1, 2023

In a statement, the bank noted that Oseni, after serving in acting capacity since January 1, 2023, will be succeeding Ademola Adebise, following approval by the Central Bank of Nigeria (CBN).

According to Wema Bank, Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director.

Prior to his appointment as MD/CEO, he served as 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 executive management levels, Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm.

He had also served as Vice President at Renaissance Capital and was an Associate at Schroder Salomon Smith Barney/Citigroup Global Markets in London.

The bank added that Oseni has 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, according to Wema Bank.

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