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Victory Speech by the Senator-elect for Lagos East Senatorial District on the platform of All Progressives Congress (APC) in the just-concluded bye-election      

Mr. Adetokunbo Mukhail Abiru (Tokunbo Abiru) on December 6, 2020.

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If there are people out there, who still doubt the popularity of our great party; who do not reckon with our leadership in this political landscape and who still dispute our progressive approach to governance, our comfortable victory in the just concluded bye-election readily offers them an infallible answer.

It is the answer the people of Lagos East generously delivered at the conclusion of last Saturday’s bye-election. It is the answer that resonates in their popular decision to give us their mandate. It is the answer that our unrepentant critics cannot contest, even in their wildest dream, given the credibility of the process that gave us the mandate. This answer did not in any way come by accident or chance. It came by dint of the hard work our party and campaign council invested in the electioneering. It also came through the selfless service of all members of our Campaign Council and Local Organising Committees (LOCs) that canvassed support for our party even during sometimes difficult circumstances.

On this note, I wish to commend and appreciate our party leadership from the APC National Leader, Asiwaju Bola Ahmed Tinubu; Lagos State Governor, Mr. Babajide Sanwo-Olu; Chairman of Lagos APC, Prince Babatunde Balogun; all our leaders in the Governance Advisory Council (GAC) and all members of the State Executive Council (SEC) and State Working Committee (SWC) for putting up a formidable structure that again earned us the people’s mandate. Honestly our Campaign Council and all its Directorates have done a great job with the deft approaches they adopted to prosecute our campaign from the level of local councils and development areas to community engagements, street-to-street campaigns and house-to-house mobilisation, setting up meetings upon meetings with different groups of stakeholders in the five Local Government Areas (LGAs) and 11 Local Council Development Areas (LCDAs) in our senatorial district.

The creativity, energy and passion with which the Chairman of our Campaign Council, Otunba Kaoli Olusanya prosecuted our campaign was amazing. Otunba Kaoli worked tirelessly and seamlessly with the Vice Chairman of the Campaign Council, Alhaji Bode Oyedele and all heads of our Campaign Directorates to secure our party’s mandate. Across the senatorial district, there are other people and groups, who passionately believe in the ideals of our party; who stood by us when those on the other sides were maligning our hard-earned reputation; who shared the burden of governing Lagos State and worked day and night with us. In this category are the Obas and Chiefs, the youth; women; non-indigenes and also indigenous people of Lagos East, among others. They all stood with and still stand by our party. I also recognize and applaud our friends and professional and business colleagues in the private sector who supported this noble endeavour financially and otherwise and demonstrated their understanding of the need for more professionals to enter the public space.

With the support of our formidable team, we campaigned relentlessly from local council to local council, community to community and indeed from house to house. We shared our mission and vision with the people of Lagos East across all social strata with confidence and conviction that the future of our children, youths, women and our people at large is safer and more secure with the progressives. As a political party, we reeled out our performance index, pointing out what we had done differently in government and what we are capable of doing now. As a party candidate, I presented my sterling career success, enviable records of service and robust pedigree as testimonials to my capacity, commitment and competence to represent the people fairly and bring them expected ends.

And our records abundantly spoke for us at the poll. Our people – whether in Epe, Ibeju-Lekki, Ikorodu, Kosofe and Somolu – believed in the evidence of our previous stewardship rather than in the concocted accounts of our traditional opposition. Our people believed in the ideals of our party rather than in the fabricated reports those who could not play by the rules resorted to in a failed attempt to discredit us politically or the fictitious opinion poll they dished out to score cheap political points. In spite of the campaign of anger and frustration they prosecuted, the people of Lagos East generously gave us their mandate. This is perhaps the smoothest victory our party has secured in its recent history. We polled 89,204 votes, while our closest rival scored 11,251 votes. This outcome is no doubt, a reaffirmation of our expanding political support base, not just in Lagos East, but also in Lagos State at large. It is without doubt a proof of the degree of public trust we have earned in our party’s two decades or more in governance in Lagos State.

The election has been held and we have won with a landslide. Now that we have secured this Senatorial mandate; we cannot afford to fail our people. We cannot afford to fail those who voted for us; those who chose not to vote for us for whatever reasons and those who did not vote at all. We cannot afford to betray the invaluable trust our people reposed in us as a political party and as their representatives in government. Now is the time to translate all the promises we made into positive and tangible outcomes our people are expecting us to bring about. Now is the time to take our people from the realm of expectations to the limelight of fulfilment.

I commit myself irrevocably to the agenda I laid out before the electorate-offering people-focused quality representation; ensuring welfare of my constituents; working with my colleagues in the National Assembly to ensure special status for Lagos; promoting policies to improve national economic performance and financial sector development; implementation of the Sustainable Development Goals (SDGs); facilitating completion of all federal and state road projects in Lagos East; promoting ease of doing business; supporting the 5 for 5 agenda for police reform; supporting fiscal federalism and joining forces with colleagues in the Senate and members of the House of Representatives to ensure devolution of powers to the sub-national governments.

Within the limits of our statutory mandate, this is the time to make the aged smile; empower our jobless youths; minister to the vulnerable; secure the future of brilliant indigent children and support the implementation of the ideals of our party. To achieve these enviable goals, we are already in the process of establishing an Endowment and Empowerment Fund to actualize my private philanthropy. The Fund will implement different interventions we are coming up with in line with my agenda and the ideals of our party. Already, our team is perfecting the modalities for the implementation of all these intervention programmes. By the middle of January, we will unveil these programmes in full and begin implementation immediately.

I thank our people for this mandate and promise to live up to your expectations.

 

Thank you and God bless.

 

Mr. Adetokunbo Mukhail Abiru, FCA.

(Tokunbo Abiru)

Senator-Elect of the Federal Republic of Nigeria

December 6, 2020


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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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