Skip to main content

Wema Bank appoints new MD as Oloketuyi retires

Wema Bank Plc. has appointed Ademola Adebise as its chief executive officer after the retirement of Segun Oloketuyi .

In a statement released yesterday by Funmilayo Falola, its brand and communications manager, the bank thanked Oloketuyi for his service to the country.

At present, Adebise is the deputy managing director of the bank.

His predecessor, Oloketuyi was appointed CEO of the bank in 2009; just after the 2008 banking crisis.

“At the time, Wema Bank had negative retained earnings in excess of N45 billion and was declared a bank in grave financial situation by the regulatory authority,” the statement read.

“As part of a turnaround plan which Mr Oloketuyi led, the bank also regained its national banking license from the Central Bank of Nigeria, which has allowed it to expand to the Northern and Eastern parts of the country, significantly increasing its market share and customer base in the process.”

Oloketuyi is expected to proceed on a terminal leave from July 1.

“Adebise has been 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 four 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.”

He is an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and a holder of a Bachelor’s degree in Computer Science from the University of Lagos. He also holds a Master’s degree in Business Administration (MBA) from the Lagos Business School.

Comments

Post a Comment

Popular posts from this blog

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...
Post a Comment
Read more

CJN Tanko unveils panel to hear Atiku’s appeal against Buhari

The Chief Justice of Nigeria, Ibrahim Tanko Mohammed is presiding over the 7-man panel that will hear the appeals filed by the People’s Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, challenging the victory of President Muhammadu Buhari at the February 23 poll. Other members of the panel are Bode Rhodes-Vivour, Amiru Sanusi, Uwani Abaji, Ejembi Eko, John Inyang Okoro and Olukayode Ariwoola. Atiku and his party are challenging the September 11 judgment of the Justice Mohammed Garba-led Presidential Election Petitions Tribunal which affirmed President Buhari’s victory at the polls. The appeals hearing has generated some controversies especially due to the silence of the Supreme Court on the justices that would constitute the panel, with the Coalition of United Progressives Party (CUPP) demanding the use of seniority in selecting them. A senior member of Atiku’s legal team, Chief Chris Uche (SAN), told reporters that they considered it strange that as at ...
Post a Comment
Read more

NNL: Sanni dumps Saraki Boys

Tunde Sanni, head coach of the Abubakar Bukola Saraki (ABS) FC of Ilorin has resigned, Coordinator of the team, Idris Musa, said on Monday. Musa told the News Agency of Nigeria (NAN) in Ilorin that Sanni had turned in his resignation letter later after a meeting with the team’s Director of Football, Alloy Chukwuemeka. After the meeting, Chukwuemeka and Sanni refused to comment on the matter. The club’s U-15 coach, Taofeeq Babatunde, has been drafted to assist the Assistant Coach, Suleiman Quadri, pending when a substantive manager will be appointed. His resignation may be due to recent results, which were not in favour of the Saraki Boys. The team lost to Kebbi United 3-2 on penalties after 1-1 draw during regulation time in the round of 64 encounter of the Aiteo Cup in Minna. The Saraki Boys also lost 3-0 to Mighty Jets of Jos and drew 0-0 with the Jos-based side in the return leg on Wednesday in Ilorin at Bet9ja Nigeria National League’s (NNL), Match Day 10 encounter. ...
Post a Comment
Read more