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FIGURES DON’T LIE: WEMA BANK STANDING ON STRONG FINANCIAL FUNDAMENTALS -Adebise

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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.

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AjadiOyoOmituntun 3.0: Grassroots Walkout, Consultations Boost Ajadi’s Oyo Governorship Momentum

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AjadiOyoOmituntun 3.0: Grassroots Walkout, Consultations Boost Ajadi’s Oyo Governorship Momentum

 

Members of the Peoples Democratic Party (PDP) in Egbeda Local Government Area of Oyo State staged a consultation walkout on Tuesday in support of the governorship aspiration of Ambassador Olufemi Ajadi Oguntoyinbo, reaffirming their confidence in his candidacy ahead of the party’s primaries.

 

The peaceful political procession, held across major communities within the council area, attracted party leaders, grassroots mobilisers, youths, market vendors, and supporters who described Ajadi as a loyal party member with strong grassroots appeal.

 

The consultation walkout, which commenced at Osengere in Ward 8—Ajadi’s political base—moved through Gbagi Market, Iwo Road, Monatan, Olodo and Erunmu, drawing enthusiastic reactions from residents and traders who came out to welcome the PDP gubernatorial aspirant and his supporters.

 

Speaking during the walkout, Ambassador Ajadi expressed appreciation to party members and residents for their show of solidarity, describing the exercise as a demonstration of unity within the PDP in Egbeda.

 

This show of love from my people in Egbeda Local Government means a lot to me. I am a committed member of the PDP and I remain dedicated to the growth and progress of our great party,” Ajadi said.

 

He added that his governorship ambition is driven by his desire to consolidate on the achievements of Governor Seyi Makinde and further deepen good governance in Oyo State.

 

“Our goal is to build on the good governance already established by His Excellency, Governor Seyi Makinde. We want to expand opportunities for our youths, strengthen the local economy and ensure that development gets to every community,” he stated.

 

At Gbagi International Market, one of the major commercial hubs visited during the walkout, Ajadi addressed traders and artisans, assuring them of inclusive governance if given the mandate.

 

“I am coming with a clear vision to serve the people of Oyo State. Our administration, by God’s grace, will prioritise traders, artisans and small business owners because they are the backbone of our economy,” he told the cheering crowd.

 

The walkout was attended by notable PDP leaders including the Chairman of Egbeda Local Government and Oyo State Chairman of the Association of Local Governments of Nigeria (ALGON), Hon. Sikiru Oyedele Sanda; the Political Head/Administrator of Ajorosun LCDA, Hon. Ibrahim Oladebo, popularly known as Simple; the Chief of Staff to the Egbeda Local Government Chairman, Hon. Kabiru Siyanbola; and the PDP Chairman in Egbeda Local Government, Chief Alawe Olawale Ebenezer, among others.

 

Speaking on the significance of the exercise, Hon. Sanda described Ajadi as a dedicated party man whose aspiration deserves consideration.

 

“Ambassador Ajadi has demonstrated commitment to the PDP over the years. What we are witnessing today is a reflection of the acceptance he enjoys at the grassroots. Leaders will always consider candidates who have the support of the people,” he said.

 

Additionally, Chief Alawe noted that the consultation walkout was intended to reaffirm Ajadi’s loyalty to the PDP and to demonstrate his electability.

 

“Ajadi is not a stranger at our party. He is from Ward 8 here in Egbeda and he has remained consistent. We believe he is marketable and capable of flying the PDP flag if given the opportunity,” he said.

 

The event also featured entertainment performances by popular juju and gospel musician Otunba Femi Fadipe, popularly known as Femo Lancaster, alongside Bullion Records fast-rising hip-hop artiste Harcher (Abdul Rahman Yusuf), whose musical performances added colour to the political outing and attracted more young supporters.

 

Party faithful who spoke with journalists during the event said the turnout of supporters and the convoy of vehicles and motorcycles that accompanied the walkout showed the growing acceptance of Ajadi’s aspiration within the local government.

 

Observers noted that the consultation tour forms part of Ajadi’s ongoing grassroots engagement strategy aimed at strengthening his support base across Oyo State ahead of the PDP governorship race.

 

The walkout ended with a renewed call by supporters for party leaders to consider Ajadi’s popularity and loyalty to the PDP when the process of selecting the party’s governorship candidate begins.

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NIGERIA’S EDUCATION STRIDES, GLOBAL ACKNOWLEDGMENT: When Evidence Travels from Jigawa

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Governing Through Hardship: How Tinubu’s Policies Targets the Poor. By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com 

NIGERIA’S EDUCATION STRIDES, GLOBAL ACKNOWLEDGMENT: When Evidence Travels from Jigawa

…as President Tinubu set to commission Africa’s largest schools complex in Lagos

By O’tega Ogra

 

There is a quiet shift happening in Nigeria’s education system. You will not find it in speeches neither will you find it in long policy documents. But if you look closely, you will see it in something far more difficult to dismiss. Evidence.

Last week in San Francisco, at the Comparative and International Education Society (CIES) conference, data from classrooms in Jigawa State was presented before a global audience. Not projections. Not estimates. A record of what is happening inside a public system in Nigeria. 

That distinction matters. For years, much of what the world has understood about education in countries like ours has been assembled from a distance. National averages. Modelled estimates and reports written long after the fact. What was presented this time came from within. Attendance tracked daily. Teachers reassigned based on need. Classrooms observed as they function. All under a digitalised ecosystem.

In Jigawa, under the JigawaUNITE foundational learning digital programme, the numbers tell a simple story. Within roughly 150 days of implementation which commenced at the end of 2024, 95 previously understaffed schools were fully staffed. Pupil teacher ratio moved from 114:1 to 70:1. Daily attendance rose from 39 per cent to 77 per cent. This remarkable improvement was not achieved by expanding the workforce. It came from reorganising what already existed under a digital umbrella.

There is something instructive in that. Nigeria has never lacked policy. What we have often lacked is the discipline of execution. The ability to take what already exists and make it work as intended. That is where the real shift is beginning to show.

But it would be too convenient to reduce this to one programme.

At the federal level, the direction has also been adjusting. The Minister of Education, Dr. Maruf Tunji Alausa, has placed measurable outcomes, foundational learning, and teacher quality back at the centre of policy. UBEC, the Federal Government’s Universal Basic Education body, continues to drive national interventions around school improvement and teacher development, even as it insists that reform must remain system-led and not fragmented.

The First Lady’s education interventions, through the Renewed Hope Initiative, have reinforced education as a national priority, particularly around access, learning materials, and inclusion. These are different levers, but they are part of the same ecosystem.

And then there is the fiscal reality.

Recent reforms under President Bola Ahmed Tinubu have increased allocations to subnational governments, creating more room for states to act. In a federation like Nigeria, that matters. Because education is not delivered from Abuja. It is delivered in states. In schools. In classrooms.

What Jigawa has done is to use that room and the Executive Governor of the state, the State Universal Basic Education Board, and their partners on the JigawaUNITE project, New Globe, must be given kudos.

However, Jigawa is not alone in this journey.

In Kwara, efforts to align teaching with actual learning levels are beginning to correct a structural mismatch in classrooms. In Lagos and Edo, structured pedagogy and closer monitoring are improving consistency in teaching. Across the entire ecosystem, state governments, federal institutions like UBEC, and delivery partners like NewGlobe are pushing at the same question from different angles.

How do children actually learn better?

In a prior reflection, Ifeyinwa Ugochukwu, VP at NewGlobe, captured the urgency clearly. With the right tools, training, and use of data, foundational learning outcomes can improve at scale. The real risk, she noted, is delay, allowing learning gaps to become permanent.

That warning should not be ignored because the context remains difficult. Nigeria still carries one of the largest out of school populations in the world. Learning gaps remain. Progress in one state does not resolve a national challenge, but it does something else.

It proves that movement is possible.

What was presented in Washington did not claim success. It demonstrated function. It showed that a Nigerian sub-national can generate evidence that holds up in a global room. That reform does not always require something new. Sometimes it requires using what already exists more honestly and more efficiently.

The real question now is whether this remains an exception.

Or whether it becomes a pattern.

Because reform at scale is never built on isolated wins. It is built on systems that can reproduce them.

And perhaps that is why the timing matters.

This week, another subnational, Lagos State, is expected to commission the Tolu Schools Complex in Ajegunle, a sprawling 36-school integrated facility spread across 11.7 hectares, designed to serve over 20,000 students, and described as the largest school community in Africa. 

There is a connection here that should not be missed.

On one hand, a classroom system in Jigawa is learning how to organise itself better. On the other, a state like Lagos is building the physical scale required to carry thousands of learners at once.

One is structure. The other is capacity.

Real progress sits where both meet because education reform is not only about what we build, it is about how well what we build actually works.

For once, the data was not explaining Nigeria from the outside.

It was coming from within.

And it carried weight.

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BREAKING: Onireti Appointed Director-General of City Boy Movement in Oyo State

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*BREAKING: Onireti Appointed Director-General of City Boy Movement in Oyo State*

 

The political atmosphere in Oyo State recorded a major development on Monday with the appointment of Hon. Olufemi Onireti as the new Director-General of the City Boy Movement, the grassroots mobilisation structure championing support for President Bola Ahmed Tinubu across the country.

 

The appointment was announced by the movement’s Director-General, Mr Francis Shoga, in Abuja on Tuesday during the handover of the appointment letter to Onireti.

 

This is coming days after his resignation from the Peoples Democratic Party (PDP), where he had been an active figure and former House of Representatives candidate.

 

His new role is expected to reposition the group’s activities and strengthen its outreach ahead of future political engagements in Oyo State.

 

According to the movement’s leadership, Onireti was chosen based on his “wide political network, proven organisational capacity and strong presence among the youth and grassroots stakeholders.”

 

Speaking with newsmen, Onireti expressed gratitude for the confidence reposed in him and pledged to deploy his experience to advance the objectives of the City Boy Movement across the state.

 

Onireti said his decision to join the ruling party was a personal conviction shaped by ongoing political realignments and his commitment to supporting a broader progressive coalition at both state and national levels.

 

Hon. Onireti added that his appointment followed extensive consultations and harmonisation with his followers.

 

He assured supporters that his leadership would prioritise inclusiveness, strategic mobilisation and effective communication.

 

“I am committed to galvanising our structures and ensuring that Oyo State remains a stronghold for the ideals we stand for,” he said.

 

Political observers note that his appointment may shift the dynamics of political mobilisation in Oyo State, given his influence and recent political moves.

 

The City Boy Movement is expected to unveil its new operational roadmap in the coming days.

 

The movement, a prominent youth-driven support platform advancing President Tinubu’s Renewed Hope agenda, positions Onireti to lead its grassroots mobilisation efforts in Oyo as part of its national structure ahead of the 2027 elections.

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