Wema Bank PLC has announced the retirement of its Managing Director/CEO, Ademola Adebise, who proceeds on terminal leave from 2 January 2023 after over 13 years of meritorious service to the bank. Adebise will retire effective March 31, 2023, and will be succeeded by Moruf Oseni, currently the Deputy Managing Director. Ademola Adebise was appointed as the Managing Director/Chief Executive Officer of Wema Bank Plc in June 2018.

He joined the Bank in June 2009 as an Executive Director and rose to become the Deputy Managing Director in 2015. Oseni, who is succeeding the outgoing chief executive subject to the approval of the Central Bank of Nigeria, joined the bank in June 2012 as an Executive Director. He has over 25 years of experience with more than 16 years at senior and executive management levels.

Oseni was an executive director for six years and deputy managing director for the last four years and has demonstrated the capacity to lead the bank. He currently has responsibility for the digital optimisation directorate which includes digital, retail, treasury, operations and technology divisions. He is also the Executive Compliance Officer of the bank.

Before joining Wema Bank, Oseni was the CEO of MG Ineso Limited, a principal investment and financial advisory firm. He was previously a vice president at Renaissance Capital and an Associate at Salomon Brothers/Citigroup Global Markets in London. He holds an MBA degree from the Institut European dAdministration des Affaires (INSEAD) in France, a Masters in Finance (MiF) from the London Business School and a B.Sc.

in Computer Engineering from the Obafemi Awolowo University (OAU). He is also an alumnus of both the Advanced Management Program (AMP) of the Harvard Business School and Kings College, Lagos.