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Nigeria: Adebise, GMD of Wema Bank, Resigns

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Mr. Ademola Adebise, Group Managing Director (GMD), Wema Bank, has submitted his letter of resignation to the bank.

According to reports, Adebise, who took over as the GMD of Nigeria’s oldest indigenous bank in 2020, is quitting the position for personal reasons.

Moruf Oseni, the bank’s Deputy Managing Director, will serve as the MD up until further notice.

He held the position of Deputy Managing Director of Wema Bank since January 2017 before his appointment on October 1st, 2018.

Oseni was appointed Deputy Managing Director on October 1, 2018.

Adebise has been a key player in the execution of the bank’s strategic turnaround strategy since joining the executive management team in 2009.

He has over 28 years of experience in the banking industry (inclusive of 4 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.

Before joining Wema Bank Plc. Adebise was the Head, Finance and Performance Management Practice at Accenture (Lagos Office), where he led multiple successful projects for banks in

Business Process Re-engineering, Information Technology, and Risk Management.

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