society
FIGURES DON’T LIE: WEMA BANK STANDING ON STRONG FINANCIAL FUNDAMENTALS -Adebise
FIGURES DON’T LIE: WEMA BANK STANDING ON STRONG FINANCIAL FUNDAMENTALS -Adebise
Wema Bank, Nigeria’s leading innovative and digital-driven financial institution has reassurance its esteemed customers and shareholders that it remains standing on strong financial fundamentals and reliable performance metrics, riding on the back of seasoned and astute leadership.
The bank gave this reassurance, through its Managing Director/Chief Executive Officer, Ademola Adebise, while reacting to a recent publication in the media purportedly alleging a dip in its liquidity status following the unaudited report for 2020 with the MD/CEO saying the report is only a deliberate campaign to create panic among its stakeholders using false news, and therefore should be discountenanced,
He said, “The strength and viability of financial institutions are not measured on the isolated performance of one outlier year. The said report based a lot of its false allegations on the unaudited 2020 financial year. But that was a year when COVID-19 induced a lockdown and a disruption of such magnitude that negatively impacted businesses, industries and economies the world over.
“Wema Bank has continually exhibited not just resilience, but admirable viability over the years with a 30.95% increase in earnings recorded in just 2019. Then came 2020, and in spite of the difficulties, we succeeded in achieving impressive results in key areas such as net earnings from fees and commissions, while growing the Bank’s asset base significantly.
“That’s not all, customer credibility in the bank was also accentuated with a massive increase in customer deposits over the previous year. This is an audacious show of confidence from the customers of Wema Bank.
“These performance metrics amongst others, are testament to our smart balance sheet optimization approach which will be affirmed by the time the audited and official 2020 Financial Report is released in the coming weeks “
The CEO also referenced how well the Bank’s performance in the said 2020 makes it one of the best performing financial institutions in the land.
“We won the BusinessDay award for the Best SME Bank of the Year for 2020. A recognition of our unrivalled support for small and medium scale businesses through loans, business advisory, and ease of payments and transactions.
“Also, the recently published 2020 KPMG Customer Experience Survey, showed Wema Bank making significant growth in the retail category, climbing up ten (10) places from the previous year to 2nd position, with an above industry average of 74.6% Customer Experience score. This achievement is a mark of dedication to excellent customer service and refreshing support for all our customer categories.”
The KPMG Customer Experience Survey grades banks over six universal pillars of Personalization, Integrity, Expectations, Resolution, Time & Effort and Empathy, and Wema Bank has showed a mastery of these pillars and have been outstanding at all of them.
Furthermore, in line with the bank’s sustainability goal of developing digital solutions for societal impact, it successfully organized the second edition of Hackaholics, a radical gathering of developers, web designers and creative thinkers to develop solutions around key themes of Education, Health, Agriculture, Fintech, Gaming & Betting.
These are intentional measures put in place to sustain an institution’s legacy of economic evolution and social inclusion.
“We are a responsible corporate citizen with empathy as a core pillar of our personality. Thus, we stood by the nation in the trying times of the COVID-19 pandemic with significant support for governments at both the federal and state levels.
“Particularly to prevent severe food shortages and align with the SDG of Zero Hunger, we supported State Governments with food palliatives donation which alleviated the conditions of over 80,000 households of the most vulnerable segments of the population.”
With all these financial and non-financial performance metrics, it is not in doubt that Wema Bank is not only standing strong, it is also among the best performing financial institutions in Nigeria, in 2020.
“I’ll take this opportunity to commend our customers for their sustained trust in us. A support that has remained a critical pillar of our stability and growth over the years, especially as we celebrate our 76th anniversary.
For us as a responsible and visionary organization, we are staying committed to our corporate purpose of making life easier and better through innovation and digital-driven lifestyle solutions for Nigerians and their businesses.” hardworking Adebise concluded.
society
RAMADAN CHARITY: TY BURATAI HUMANITY CARE FOUNDATION AND UFAM HOLDINGS LTD EXTEND FOOD RELIEF TO MANDO COMMUNITY
*RAMADAN CHARITY: TY BURATAI HUMANITY CARE FOUNDATION AND UFAM HOLDINGS LTD EXTEND FOOD RELIEF TO MANDO COMMUNITY*
In a remarkable display of compassion and community support, the TY Buratai Humanity Care Foundation, in collaboration with UFAM Holdings Ltd, successfully distributed food relief to over 1,000 less privileged individuals in the Mando community, Afaka, Igabi, Kaduna State, as part of the Ramadan celebrations.
The initiative, aimed at alleviating hunger during this sacred month, saw community members receiving essential food items to ensure they can observe Ramadan with dignity and sustenance. The distribution took place at the Skill Acquisition Centre, where beneficiaries gathered to collect their food packages.
During the event, the Deputy Chief Imam of Mando Central Mosque, Sheikh Bashir Adam Saleh Algoni, expressed his gratitude for the philanthropic effort. “We appreciate this gesture immensely,” he stated. He urged the public to keep the Grand Patron of the Foundation, His Excellency Amb Lt Gen Tukur Yusufu Buratai, in their prayers, acknowledging his ongoing commitment to helping the less privileged. He also highlighted the contributions of UFAM Holdings Ltd, urging support for their charitable endeavors.
Beneficiaries of the food relief expressed their profound gratitude, offering prayers for Allah’s blessings on both the foundation and the company for their generous assistance during this holy month.
In his remarks, the Special Guest of Honour, His Excellency Amb Lt Gen Tukur Yusufu Buratai CFR Rtd, former Chief of Army Staff and Grand Patron of the Foundation, who was represented by Col Haruna Idris Zaria Rtd, thanked the public for their continuous prayers. He emphasized the importance of using the month of Ramadan to pray for the betterment of the country and an end to the insecurity plaguing the nation. He also urged the community to support and pray for security agencies, recognizing their sacrifices in maintaining peace and safety.
This charitable initiative not only highlights the spirit of Ramadan but also reinforces the importance of community solidarity and mutual support during challenging times.
society
Obi’s Reform Agenda Rekindles Scrutiny of Nigeria’s Political Wealth
Obi’s Reform Agenda Rekindles Scrutiny of Nigeria’s Political Wealth
By George Omagbemi Sylvester | Published by SaharaWeeklyNG
“Momodu’s remarks spotlight elite affluence as analysts warn of resistance to cost-cutting reforms.”
Prominent publisher and politician Dele Momodu has reignited debate over the vast wealth attributed to sections of Nigeria’s political class, asserting publicly that certain politicians could raise as much as $500 million at short notice to secure presidential power. Though no names were mentioned, the claim has sharpened national conversations about transparency, accountability, and the true cost of governance.
Nigeria’s persistent struggle with corruption is well documented by bodies such as Transparency International, whose global assessments frequently rank the country low on public sector integrity. The optics of expansive private mansions, luxury assets, and foreign-based lifestyles among political families continue to fuel public suspicion, particularly in a nation grappling with inflation, debt pressures, and widespread poverty.
The controversy unfolds against the backdrop of reform advocacy by Peter Obi, who has consistently argued for cutting governance costs and institutionalizing fiscal discipline. Political economist Professor Pat Utomi maintains that entrenched elites often resist structural reform, describing elite capture as a systemic barrier to democratic accountability. Nobel Laureate Wole Soyinka has similarly warned that democracy without transparency breeds cynicism and instability.
While no specific officeholders have been formally indicted in connection with Momodu’s remarks, the broader issue remains potent: public demand for principled leadership is rising, and scrutiny of political wealth is unlikely to fade as future elections approach.
society
Obi Would Defeat Even Jesus at the Polls”: Viral Remark Sparks Political Debate Online
“Obi Would Defeat Even Jesus at the Polls”: Viral Remark Sparks Political Debate Online
By George Omagbemi Sylvester
A viral statement by a prominent supporter of former Anambra State governor and Labour Party presidential candidate Peter Obi has ignited widespread reactions across Nigeria’s political landscape. The supporter, popularly known as Mama Pee, declared during a live social media broadcast earlier this week that “If Jesus comes down to contest in Nigeria, Obi go win am,” a remark intended to emphasize Obi’s perceived popularity among his core supporters.
The comment, which surfaced on X and Facebook, quickly generated sharp responses from supporters of President Bola Ahmed Tinubu of the All Progressives Congress (APC) and former Vice President Atiku Abubakar of the Peoples Democratic Party (PDP). While many Labour Party loyalists defended the statement as political exaggeration, critics described it as reflective of growing personality-driven politics.
Obi, who contested the 2023 presidential election under the Labour Party and placed third according to official results released by the Independent National Electoral Commission, has not issued any public response to the remark.
The episode underscores the continued intensity of political engagement following the 2023 general elections, with online discourse increasingly shaping narratives around Nigeria’s evolving democratic space.
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
news7 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING




















