Corporate Governance: Wema Bank Reaffirms Compliance, Best-in-Class Processes

Nigeria’s leading digital bank, Wema Bank Plc, has reassured its stakeholders that it will continue to operate with international best practices and governance processes.


The bank faulted the premise on which a non-governmental organisation, Transparency Nigeria Group, recently asked the Central Bank of Nigeria (CBN) to remove its Managing Director/CEO, describing the call as baseless.


In a statement, the bank reassured its customers and stakeholders that it has and would continue to operate with the highest level of corporate governance, following all rules, policies, and procedures.


“We have no links to any political party and neither are we agents, allies or proxies of any politicians in the country. We are a financial institution solely committed to financial intermediation to enable and fast track the socio-economic development of the country,” the bank said.


The statement further noted that, as the oldest surviving indigenous bank in Nigeria, Wema Bank’s observes and adheres strictly to due diligence and extant rules and regulations .

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