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The Lagos state chapter of APC wish to congratulate the Lagos State governor , Mr Babajide Olusola Sanwoolu and members of his team on the occasion of 500 days in office.


We acknowledge and commend his leadership, focus and the passion he has brought to the governance of the state.

The unexpected Covid-19 brought out the inherent leadership quality in Mr Governor who led the battle from the front as the Incident Commander. His government provided the requisite needs in medical facilities, consumables, incentives and palliatives to cushion the effect  of  the lockdown on our teeming populace.

Without any doubt, Mr Governor passed the true test of leadership in flying colors.

It is commendable that the set-back and the distraction occasioned by the pandemic has not hindered the government from fulfilling its promises to the electorates.

The governor along the guiding pillars of the THEMES agenda has been impactful during the period under review.

In line with his assurance to complete projects inherited from the previous administration, the Murtala Mohammed International airport road has been completed, while the Badagry expressway has remained a top priority. The Eric Moore to Mazamaza has been fully completed, while the Mazamaza to Agboju-Trade fair end is nearing completion.

The Pen cinema fly-over is 80% completed.

The state governor commissioned 37 new roads to mark his first year anniversary, while 500 others were rehabilitated across the state.

1000 LASTMA personnel were recruited, trained, kitted and deployed to various locations in the state to combat traffic congestions in the state.

Water transportation has been boosted in the state with the acquisition of 8 new ferries by LAGFERRY to bring its fleet to 14.

Recently, 8 out of the 30 firms that expressed interest in the construction of the 4th mainland bridge were shortlisted.

The health sector continues to receive the deserved attention with the construction of 2 Mother and Child  centers at Eti-Osa and Igando.

The state government provided free and diverse medical interventions for 250,000 Lagosians, while another 1,417 residents successfully had pediatric, eye, dental, orthopedic, ear, and nose and throat surgeries through the government efforts.

It will be recalled that the public outcry about the state of the environment shortly before the advent of the present administration has become a thing of the past. The Lagos State Waste Disposal (LAWMA) was not only reorganized but an academy was launched to boost its technical competence. The Olusosun dumpsite was not only expanded to 42 acres to accommodate more waste, the state blue box recycling was also launched at the Lagos Island transfer loading station.

Dr Abayomi Finnih Recreation park, Oregun was commissioned.

The state government continues to regularly clear all primary and secondary drainages across the state to prevent flooding.

The Sanwoolu government has placed the improvement in the standard of education in the front burner. 3000 teachers were recruited and trained to join the work force. 146 classrooms were constructed for primary and secondary schools. 70,164 units were delivered through the Universal Basic Education Commission (UBEC ) and the State Universal Basic Education Board (SUBEB) intervention projects. 

Under the Home Grown Feeding Program   135,445 pupils in 976 schools are being fed.

In other to boost tertiary education , the state government signed agreements with six private investors to construct 8,272 hostel units for Lagos State University.

The Lagos State Science Research and Innovation Council (LASRIC) with a start-up funds of $687,000 to drive investment in research and development of tech-focused solutions across the six pillars of the administration’s THEMES agenda was set up.

The State Government executed various empowerment programs with special attention to youths, women, farmers, artisans and public servants.

The commissioning of the 4 housing projects at Igando, Jakande gardens, Topo-Badagry and Ikate-Elegushi goes a long way to reduce the housing deficit. 

The soon to be completed 22 hectares Imota Rice mill will most certainly promote food security in the state.

While Lagos state  remains the entertainment and tourism hub of the country, the government is leaving no stone unturned to promote the sector and provide a platform for new talents to project themselves. In this regard, 4 Lagos theaters located at Oregun, Badagry, Epe and Igando were completed. The reconstruction of the J. K. Randle center for Yoruba Culture and History in Onikan as well as the restoration of the old Glover Memorial Hall, are on course and will soon be commissioned.

The security of lives and property of Lagosians occupies a place of pride in the THEMES agenda. The state government supported the security operatives with vehicles, motorcycles and other  logistics to keep the state at peace.

We have a good reason to roll out the drums as we celebrate a solid foundation for a greater Lagos.

There is no doubt that our government can do a lot more with the support of all and sundry.

Our state will thrive in an environment of law and order, regular and prompt payment of taxes.


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Business

Last Set of Winners Emerge in Season 2 of Wema Bank’s 5for5 final Promo Draw

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Winners have emerged in the ground-breaking final live draw of the 5for5 promo event held in Lagos on January 20, 2023. This event featured mouth-watering cash prizes of N10,000, N100,000, and the star prize of N1,000,000, which 2 lucky customers won.

 

Abubakar Bisoye Bisi of Broad Street Branch, Lagos and Toyeeb Hussain of Ondo Branch emerged the two lucky winners of N1 million each. 55 other customers won N10,000 each, while another 20 others won N100,000 each in electronic draws conducted at the bank’s Head Office.

 

Season 1 of the promo began in 2021 as part of activities to reward its customers and encourage a healthy savings culture. This second edition closed the curtains on the second season of the 5for5 promo with an impeccable event line-up, social networking, and entertainment, which created a memorable experience for participants that participated physically in Lagos and virtually on Instagram Live on @alat_ng.

 

Speaking to pressmen during the event, The Chief Finance and Strategy Officer, Tunde Mabawonku, in his closing remarks, emphasized the uniqueness of the 5for5 promo grand finale, stating that it was designed to give a personalized feel to the event. “One of the highlights of the event is to remind our customers that the bank and all of the activities we host are designed to help them navigate the various financial services we offer and make their experiences the best in the history of the Nigerian banking industry,” he stated. “This is our way of thanking and rewarding customers for their loyalty.

 

Speaking further, he said, “This season’s grand finale has been a success, and it is already generating considerable interest in the banking industry and among shareholders.”

 

The Divisional Head, Retail Banking, Mr. Dotun Ifebogun, said the promo is a way of promoting the savings culture among customers as well as encouraging the use of the bank’s alternate digital channels.

 

He explained that participating customers needed to do five transactions using the alternate channels as qualification criterion.

 

During the cheque presentation ceremony, the newly appointed Managing Director, Moruf Oseni, expressed his unwavering faith in the promo event and its enormous impact on the banking community. In addition, he praised the efforts of the organizing committee, the able knights, and every other participant in the event’s success.

 

The stakeholders of the Nigerian banking behemoth Wema Bank praised the bank’s management and board for their shrewd leadership and customer-centric values, which contributed to the success of the second season of the promotion.

 

Wema bank pledges to return with a bigger and better third season of the 5for5 promo and urges customers to keep an eye out for this upcoming event and many other opportunities to improve their lives.

 

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WEMA Bank MD, Adebise Drops Baton for Deputy, *Oseni* After 13 Yearsome

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Wema Bank Plc has announced the retirement of its Managing Director/CEO, *Ademola* *Adebise* . He will be proceeding on terminal leave from January 2nd, 2023, after over 13 years of meritorious service on the Board of the Bank. He 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.

Under his leadership, he expanded the bank’s footprints to other locations in Nigeria, he improved the performance of the Bank and spearheaded the first Dividend payment in 13 years, since then, he has ensured consistent dividend payment over the last 4 years. The Bank has grown its Total Assets by 155%, from N470 billion to over N1.2trillion. Deposits also grew by 214% from N350 billion to N1.1 trillion.

 

He initiated the partnership with Bank of Africa to support its customers across the African continent which has increased the Bank’s market share and customer base.

 

All these led to an additional growth of 2 million customer accounts in Nigeria and a market share of 3% of industry volumes. The Bank is now the leading collection bank for state and government agencies due to its effective and efficient platform. The Bank’s rating by agencies was upgraded to BBB investment grade.

 

The Bank significantly changed the digital landscape through the ALAT platform. The innovative platform also came tops in the KPMG Digital Scorecard for leading retail banks in Nigeria and this was based on in-depth insights into the state of user experience on retail banks’ digital channels. Furthermore, the Bank launched the first SME Business School for capacity building and empowerment of SMEs – this has benefitted over 20,000 small businesses.

 

The Bank also became one of the founding members of the United Nations Environmental plan for financial institutions (UNEP- FI) and continues to provide digital solutions for societal impact.

 

The Chairman of the Board, Mr. Babatunde Kasali on behalf of the Board and Management expressed its profound gratitude to Ademola for his service and wish him the best in his future endeavors.

 

Further, Wema Bank Plc. is pleased to announce the appointment of Mr. Moruf Oseni as the Managing Director/CEO subject to the approval of the Central Bank of Nigeria.

 

Moruf Oseni

 

Moruf Oseni joined Wema 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. Moruf Oseni was an Executive Director for 6 years and Deputy Managing Director for the last 4 years and has demonstrated capacity to lead the Bank. He presently has responsibility for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and the Technology Divisions. Moruf is also the Executive Compliance Officer of the Bank.

 

He supervised the launch of ALAT – Nigeria’s 1st digital Bank that has received local and global awards and multiple accolades. Before joining Wema Bank, Moruf was the CEO of MG Ineso Limited, a principal investment and financial advisory firm. Prior to MG Ineso, Moruf was a Vice President at Renaissance Capital, and an Associate at Salomon Brothers/Citigroup Global Markets in London.

 

Moruf holds an MBA degree from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MiF) from the London Business School and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU), Ile-Ife, Nigeria. He is also an alumnus of both the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.

 

Other Board appointments include

 

Wole Akinleye: Appointed as the Deputy Managing Director. Wole has over 32 years Banking experience. He presently oversees Corporate Banking and South West Business Directorate for the Bank. A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Wole is an alumnus of the Advanced Management Program of the Harvard Business School. He obtained his first degree in Accounting from Obafemi Awolowo University in 1989 and subsequently, a master’s degree in Business Administration (Finance) from the same University.

 

Tunde Mabawonku: Appointed as Executive Director. He has over 23 years of experience and is presently the Chief Finance Officer and the Divisional Head of Finance & Corporate Services. Tunde has a master’s in finance from the London Business School and a first degree in Economics from University of Ibadan. He is a Fellow of the Chartered Institute of Taxation of Nigeria (CITN) and is an Honorary member of the Chartered Institute of Bankers (HCIB). He has also attended several Senior Leadership programs.

 

In conclusion, the Board of Directors are confident that the appointment of the Executives will lead to the continued transformation and growth of the Bank, particularly as the Bank positions itself as a market leader in Nigeria’s retail banking segment through technology and innovation.

 

The appointments take effect from April 1, 2023 and are subject to the approval of the Central Bank of Nigeria and other regulatory authorities.

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