UPDATE: Wema Bank GMD, Adebise Resigns

LAGOS – Group Managing Director (GMD), Wema Bank, Mr Ademola Adebise has tendered his resignation from the bank.

Adebise, who took over as the GMD of Nigeria’s oldest indigenous bank in 2020, according to an impeccable source, is leaving the bank’s top job due to personal reason.

The Deputy Managing Director of the bank, Moruf Oseni will act as the MD until further notice.

Prior to this appointment on October 1, 2018, he was the Deputy Managing Director of Wema Bank, a role he held since January 2017.

Adebise was part of the bank’s executive management team since 2009 and has played a pivotal role in the execution of the strategic turnaround plan of the bank.

He has over 28 years’ experience in the banking industry (inclusive of 4 years in management consulting), and has worked in various capacities in Information Technology, Financial Control & Strategic Planning, Treasury, Corporate Banking, Risk Management and Performance Management.

Before joining Wema Bank Plc. Adebise was the Head, Finance and Performance Management Practice at Accenture (Lagos Office), where he led multiple successful projects for banks in
Business Process Re-engineering, Information Technology and Risk Management.

Oseni was appointed Deputy Managing Director on October 1, 2018.

Since joining the Wema Bank board in 2012, Oseni has contributed immensely to growing the Bank’s retail business. Until his appointment, he was the Executive Director in charge of Retail, managing assets including ALAT, Nigeria’s first digital bank.