WEMA Bank MD, Adebise Drops Baton for Deputy, *Oseni* After 13 Yearsome
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.
Incorporated in Nigeria on the 8th of March, 2011, *Petrocam* just recently clocked 13 years of its operations in Nigeria.
However it is somewhat unbelievable that *Petrocam* Trading will leave most of its competitors in its trail despite the harsh economic climate but that appears the current situation .
For those living along the Isolo/Oke Afa /Ejigbo and Ikotun axis,a brand new filling station has just popped up opposite the famed Mass Burial site to cater for their energy need.
The state of the art outlet is equipped with six brand new Pumps for PMS ,a diesel Pump and a mini Gas plant.The outlet is to complement its other branches along Canoe road and Ile epo bus stop within the same axis .
The indigenous Oil & Gas company primarily focused on the downstream sector which was in a chaotic state and needed a breath of fresh air at the time.
Taking its origin from PETROCAM TRADING (PTY) LTD, established in 2004 and based in
Johannesburg, South Africa with offices in Nigeria, Ghana, Kenya, Uganda, DR Congo and Senegal,the company came up with never before seen innovation ,first with its service stations aesthetic designs,state of the art Dispensing Pumps and above all,prompt and effective service delivery.
Led by a visionary and experienced Oil & Gas expert, Patrick Ilo,Petrocam appears to be brazing the trail in the Oil and Gas downstream sector while others can only look on.
Petrocam Trading (Pty) Ltd specialises in emerging market trades with a particular focus on the African energy sector.
Petrocam Trading has in the last 13 years developed invaluable and competitive experience in
operating in Nigeria and has cemented its ability to facilitate trade with fellow local marketers
and foreign suppliers by trading in Naira and US Dollars; providing clean products directly to the end user; and have since implemented sustainable capital investment projects within the country.The company trades in petroleum products in bulk and retail capacities; basically, Premium Motor Spirit
(PMS), Automotive Gas Oil (AGO), Base Oil, Liquefied Petroleum Gas (LPG), Base Oil, Lubricants and Grease.
With its client-centric approach and in order to increase its customer base, Petrocam has widened its business by making petroleum products available and affordable to all end users.
VIsit OUR 48 ONE-STOP RETAIL OUTLETS:
1. Petrocam, Orheptal Bus Stop, Along Lasu-Igando Road, Isheri, Lagos
2. Petrocam, By Ile-Epo Bus Stop, Egbe Road, Ejigbo, Lagos
3. Petrocam, By Alhaja Kudirat Adenekan (Now Canoe Road), Omoyele Close, Oke-Afa, Lagos
4. Petrocam, Ookonla, Along Lagos-Epe Road, Adjacent Lagos Business School, Sango-tedo, Lagos
5. Petrocam, By Elf Bus-Stop, Along Lagos-Epe Road, Lekki, Lagos
6. Petrocam, By Oreta Junction, Off Lagos-Epe Road, Epe, Lagos
7. Petrocam, Along Lagos-Abeokuta Road, By Pleasure Bus-Stop, Oke-Odo, Lagos
8. Petrocam, Along Gaskiya Road, Ijora-Badia, Lagos
9. Petrocam, Along Oshodi -Mile 2 Expressway, Itire, Mushin L.G.A., Lagos
10. Petrocam, Along Badagry Expressway, Along Old Ojo Road, Festac, Lagos
11. Petrocam, Along LASU/Igando Road, Idowu Egba, Igando Alimosho LGA Lagos
12. Petrocam, Along Liasu Road, Olutayo Adebayo Street, Egbe Town, Oshodi/Isolo L.G.A., Lagos
13. Petrocam, 81, Aakuko Road, By Caterpillar Bus-stop, Aagbado, Ifako/Ijaiye L.G.A., Lagos
14. Petrocam, Along Awolowo Way (Old Ota Road), Akeja, Ota, Ogun State
15. Petrocam, Along Ogolonto Road, Ikorodu, Lagos
16. Petrocam LPG plant, Along Km 41, LagosAbeokuta Expressway, Opposite Weigh Bridge, Ewekoro, L.G.A., Ogun State.
17. Petrocam, Lusada town, off Oba Adesola Road by Ogun State Institute of Technology, Ogun State.
18. Petrocam, Old Ife Road Opposite Airport Junction, Ibadan.
19. Petrocam, Oremeji, Along Ogere IdiObi Road/Ajia Road, Off Lagos Ibadan Babanla Agugu, Ona Ara LGA, Ibadan, Oyo State.
20. Petrocam Ijora II, 160 Gaskiya College Road, Ijora Badia, Lagos
21. Petrocam Filing Station Sanyo, Along Ibadan-Lagos Expressway, Academy Area, Oluyole L.G.A. Oyo State.
22. Petrocam, LPG Plant along Ashipa Road, Off Ayobo Road, Alimosho L.G.A., Lagos
23. Petrocam, LPG Plant, Along Km 41, LagosAbeokuta Expressway, Opposite Weighing Bridge, Ewekoro, L.G.A., Ogun State.
24. Petrocam, Along Awolowo Way (Old Ota Road), Akeja, Ota, Ogun State
25. Petrocam LPG Plant Aong Lusada-Igbesa Road, Igbesa town, Ogun State
26. Petrocam LPG Plant, Along Idiroko Road, Atan Ota Town, AdoOdo (Ota LGA, Ogun State).
27. Petrocam LPG Plant, Northern Foreshore Estate, Chevron
28. Petrocam LPG plant, Along Idiroko Road, Oke Sango Ajilete Village Yewa South LGA Ogun State
29. Petrocam LPG Plant, Along Itele/Ota Road/Isokan Street, Itele Ado-Odo LGA Ogun State
30. Petrocam LPG Plant, along Lagos/Ibadan Expressway way, opposite The Redeemed camp, Loburo, Ogun State
31. Petrocam LPG Plant, Along Ketu/Ejinrin Road, Ejinrin Town, Epe LGA Lagos State.
32. Petrocam Erunmu LPG Plant, Along Iwo Road, Lalupon Town, Iyana Erunmu Lagelu L.G.A. Oyo State.
33. Petrocam Ajia LPG Plant, Along Odeyale Area, Off Akanran Road, Ibadan, Ona-Ara L.G.A. Oyo State.
34. Petrocam Olomi Academy LPG Pant, Along Olojuro/Aiyegun Road, Koti Area, Ibadan, Oluyole L.G.A. Oyo State.
35. Petrocam Badagry LPG Plant, Along Iworo/Ajido Road, Aradagun Town, Via Badagry, Badagry L.G.A
VIsit OUR 48 ONE-STOP RETAIL OUTLETS:
1. Petrocam, Orheptal Bus Stop, Along Lasu-Igando Road, Isheri, Lagos
2. Petrocam, By Ile-Epo Bus Stop, Egbe Road, Ejigbo, Lagos
3. Petrocam, By Alhaja Kudirat Adenekan (Now Canoe Road), Omoyele Close, Oke-Afa, Lagos
4. Petrocam, Ookonla, Along Lagos-Epe Road, Adjacent Lagos Business School, Sango-tedo, Lagos
5. Petrocam, By Elf Bus-Stop, Along Lagos-Epe Road, Lekki, Lagos
6. Petrocam, By Oreta Junction, Off Lagos-Epe Road, Epe, Lagos
7. Petrocam, Along Lagos-Abeokuta Road, By Pleasure Bus-Stop, Oke-Odo, Lagos
8. Petrocam, Along Gaskiya Road, Ijora-Badia, Lagos
9. Petrocam, Along Oshodi -Mile 2 Expressway, Itire, Mushin L.G.A., Lagos
10. Petrocam, Along Badagry Expressway, Along Old Ojo Road, Festac, Lagos
11. Petrocam, Along LASU/Igando Road, Idowu Egba, Igando Alimosho LGA Lagos
12. Petrocam, Along Liasu Road, Olutayo Adebayo Street, Egbe Town, Oshodi/Isolo L.G.A., Lagos
13. Petrocam, 81, Aakuko Road, By Caterpillar Bus-stop, Aagbado, Ifako/Ijaiye L.G.A., Lagos
14. Petrocam, Along Awolowo Way (Old Ota Road), Akeja, Ota, Ogun State
15. Petrocam, Along Ogolonto Road, Ikorodu, Lagos
16. Petrocam LPG plant, Along Km 41, LagosAbeokuta Expressway, Opposite Weigh Bridge, Ewekoro,
L.G.A., Ogun State.
17. Petrocam, Lusada town, off Oba Adesola Road by Ogun State Institute of Technology, Ogun State
18. Petrocam, Old Ife Road Opposite Airport Junction, Ibadan
19. Petrocam, Oremeji, Along Ogere IdiObi Road/Ajia Road, Off Lagos Ibadan Babanla Agugu, Ona Ara
LGA, Ibadan, Oyo State.
20. Petrocam Ijora II, 160 Gaskiya College Road, Ijora Badia, Lagos
21. Petrocam Filing Station Sanyo, Along Ibadan-Lagos Expressway, Academy Area, Oluyole L.G.A. Oyo
State
22. Petrocam, LPG Plant along Ashipa Road, Off Ayobo Road, Alimosho L.G.A., Lagos
23. Petrocam, LPG Plant, Along Km 41, LagosAbeokuta Expressway, Opposite Weighing Bridge,
Ewekoro, L.G.A., Ogun State.
24. Petrocam, Along Awolowo Way (Old Ota Road), Akeja, Ota, Ogun State
25. Petrocam LPG Plant Aong Lusada-Igbesa Road, Igbesa town, Ogun State
26. Petrocam LPG Plant, Along Idiroko Road, Atan Ota Town, AdoOdo (Ota LGA, Ogun State).
27. Petrocam LPG Plant, Northern Foreshore Estate, Chevron
28. Petrocam LPG plant, Along Idiroko Road, Oke Sango Ajilete Village Yewa South LGA Ogun State
29. Petrocam LPG Plant, Along Itele/Ota Road/Isokan Street, Itele Ado-Odo LGA Ogun State
30. Petrocam LPG Plant, along Lagos/Ibadan Expressway way, opposite The Redeemed camp, Loburo, Ogun State
31. Petrocam LPG Plant, Along Ketu/Ejinrin Road, Ejinrin Town, Epe LGA Lagos State.
32. Petrocam Erunmu LPG Plant, Along Iwo Road, Lalupon Town, Iyana Erunmu Lagelu L.G.A. Oyo State.
33. Petrocam Ajia LPG Plant, Along Odeyale Area, Off Akanran Road, Ibadan, Ona-Ara L.G.A. Oyo State.
34. Petrocam Olomi Academy LPG Pant, Along Olojuro/Aiyegun Road, Koti Area, Ibadan, Oluyole L.G.A. Oyo State.
35. Petrocam Badagry LPG Plant, Along Iworo/Ajido Road, Aradagun Town, Via Badagry, Badagry L.G.A Lagos State
36. Petrocam Agbofieti LPG Pant, At Edun Village, Agbofiati Area, Ibadan, Ido Local Government Area, Oyo State
37. Petrocam Olodo LPG Plantb at Arubiewe Area Olodo Off Iwo Road, Ibadan Egbeda, Local Government Area, Oyo State.
38. Petrocam Ago Iwoye LPG Pant, Along Oolo Road, Ago Iwoye, Ijebu North L.G.A., Ogun State
39. Petrocam Abeokuta LPG Plant, Irewami Community By Soyoye, Abeokuta, Ogun State
40. Petrocam Filing Station, Tollgate, Ogun State
41. Petrocam Filing Station, Oja-Oba, Ibadan, Oyo State
42. Petrocam Gas plant, Ojoo Ibadan
43.Petrocam Gas plant Olodo Ibadan
44. Petrocam Filing Station, Opposite Redemption City, Along Lagos Ibadan Expressway, Ogun State
45. Petrocam Gas plant, Ijebu Igbo, Ogun State
46. Petrocam Gas plant, Sagamu Interchange, Ogun State
47. Petrocam Gas plant, Ijoko, Ogun State.
48. Petrocam Filling Station Opp Mass Burial,Oke Afa,Isolo. Lagos State
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