Moruf Oseni Emerges Wema Bank MD/CEO, As Ademola Adebise Retires

Motif Oseni on Friday emerged as the new Managing Director of Wema Bank after being appointed by the Bank’s Board of Directors, this development came amid the retirement of the former Managing Director Ademola Adebise.

This was made known through a press statement released on the Nigeria Stock Exchange website.

It was revealed that Ademola Adebise will remain the CEO of the bank until 2 January 2023 and will be relieved of his duties through a terminal leave.

Ademola Adebise joined the bank in 2009 as an Executive Director and ascended to the position of Deputy Managing Director in 2015.

He expanded the bank’s operations to other parts of the country and also ensure the first dividend payment in 13 years. For the past four years, the bank has been consistent with dividend payments.

He rose to the position of Chief Executive Officer of the bank in June 2018 and has helped the bank grow its Total assets by 155%, with a combined increase from N450 billion to N1.2 trillion.

Moruf Oseni, who is set to take over as the Managing Director joined the bank in June 2012 with 25 years of experience in the banking industry and 16 years at Senior and Executive Management.

He currently holds the 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. He supervised the launch of ALAT – Nigeria’s 1st digital Bank that has received local and global awards and multiple accolades.

Moruf Oseni was the former Chief Executive Officer of MG Ineso Limited, a principal investment and financial advisory firm, he also boasts of a degree 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), Ile-Ife, Nigeria.