Tinubu congratulates WEMA Bank on 80th anniversary

By Egena Sunday Ode

President Bola Ahmed Tinubu has congratulated WEMA Bank, Nigeria’s oldest surviving indigenous bank, on its 80th anniversary on May 2.

The President commends the bank for its unwavering resilience and technological innovations, which have set it apart among Nigeria’s banks.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement on Tuesday.

WEMA Bank commenced operations on May 2, 1945, as Agbonmagbe Bank in Iperu-Remo, Ogun State.

It metamorphosed into WEMA Bank in 1969. In 2015, it upgraded its regional status to become a national bank. Today, it is one of the key national banking institutions in the country.

Onanyga said President Tinubu commended the bank’s leadership for staying the course and steering the ship in the right direction.

“Over the last eight decades, the bank has focused on the vision of its founding fathers to support Nigerian businesses across all the key economic sectors with strategic business advisory and financial support, which are vital for sustainable growth,” the President remarks.

While underscoring WEMA Bank’s 80 years of impact in the Nigerian financial services sector, President Tinubu expressed his confidence in the bank’s brighter future, particularly under his administration’s Renewed Hope agenda, which has restored confidence in the country’s economy and financial system, the statement noted.

The acting National Chairman of the PDP, Ambassador Ilya Damagum said this on Thursday while presenting certificate of return to the party’s candidate for the November 8, this year’s Anambra State governorship election, Mr Jude Ezenwafor at its headquarters, Wadata house, Abuja.

Damagum explained that the Governor’s detection to APC was particularly sad and unfortunate in view of the fact that PDP has been very magnanimous to him (Oborevwori) and the State.