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WEMA BANK ANNOUNCES FINAL TRANCHE OF CAPITAL RAISE EXERCISE

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blacktalker
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…Set to raise additional 200 billion Naira in combination of Rights and Special Placement to complete CBN recapitalization requirement.


Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with the goal of raising 200 billion Naira in fresh capital.

This would mark the second and final tranche of the Bank’s capital raise exercise, supplementing the 40 billion Naira raised in the first tranche, and ensuring the Bank surpasses the CBN minimum requirement for national banking authorization.


In its usual manner as a proactive, innovative and forward-thinking bank, Wema Bank, had prior to the CBN announcement, already launched a 40 billion Naira rights issue as far back as December 2023, receiving the approval of the CBN and the Securities and Exchange Commission (SEC) in 2024.

This resulted in the Bank’s successful completion of the first tranche of its capital raise exercise. With over 30 percent of the CBN target of 200 billion Naira already met, Wema Bank is proceeding to initiate the second tranche of capital raise come April 2025, this time, with the goal of raising 200 billion in Naira fresh capital to complete its capital requirement.


Confident in the outcome of the upcoming rights issue, Wema Bank’s MD/CEO, Moruf Oseni, assured shareholders and other stakeholders of a successful conclusion of the capital raise programme.

According to him, “We stand strong today not just as Nigeria’s oldest indigenous bank but also as Nigeria’s leading innovative bank. Wema Bank turns 80 this year and I can safely tell you that we have never been more driven to excel. I am blessed to lead with the support of a team of determined and driven professionals who will leave no stone unturned in achieving our strategic aspirations.

Indeed, we are building Wema Bank into a formidable force in the African financial services landscape”.


“We remain dedicated to maintaining transparency throughout this process and will provide regular updates to all stakeholders and shareholders as we go forward. This capital raise will be a win-win for us all. You can trust as always that your investment in Wema Bank will produce exceeding returns. This is our promise to you”, Oseni concluded.


With the deadline for CBN’s recapitalisation exercise set for March 31, 2026, this move by Wema Bank will undoubtedly ensure the bank retains its national banking license way ahead of the deadline.


Reaffirming its stance as a Bank committed to transparency and adherence to regulatory standards, Wema Bank is working to secure all necessary approvals from relevant regulatory authorities to ensure the process is conducted in full compliance with applicable guidelines.

CAPPA Urges National Assembly To Increase Tobacco Control Budget To 300 Million Naira

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blacktalker
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CAPPA Condemns Police Crackdown on Lagos Demolition Protest



As the National Assembly continues its review of the 49.7 trillion Naira 2025 Appropriation Bill presented by President Bola Tinubu on December 18, 2024, the Corporate Accountability and Public Participation Africa, CAPPA) has called on the Senate and House of Representatives to raise the budgetary allocation for Tobacco Control in the 2025 National Budget from the current 10 million Naira to 300million.

CAPPA, in separate petitions on Monday to Senate President Godswill Akpabio and Speaker Dr. Tajudeen Abbas, reasoned that allocating a minimum of 300 million Naira is essential to address the multifaceted challenges posed by tobacco use and support the effective implementation of the National Tobacco Control Act (NTCA) 2015.

Highlighting the danger of tobacco consumption and the stakes at hand, Akinbode Oluwafemi, CAPPA’s Executive Director, noted that tobacco use remains the leading preventable cause of death worldwide, including in Nigeria.

“Tobacco use remains the leading preventable cause of death worldwide, and Nigeria is no exception. Annually, tobacco-related illnesses claim 26,800 Nigerian lives and inflict debilitating conditions and non-communicable diseases like cancer, heart disease, and chronic respiratory diseases on thousands more. The economic toll is immense, costing billions in healthcare expenses and lost productivity. Additionally, tobacco cultivation exacerbates deforestation and soil degradation, while cigarette waste pollutes the environment,” Oluwafemi said.

The challenge, he noted, is further compounded by the emergence of unregulated tobacco and nicotine products that target younger demographics and exploit gaps in the regulatory framework.

Akinbode added: “These products, including electronic cigarettes and novel smokeless tobacco, are marketed as trendy despite their health risks. Moreover, tobacco companies in Nigeria continue to exploit weak monitoring systems to market their offerings aggressively on social media, as well as utilise corporate social responsibility (CSR) initiatives to gain favour with public health authorities, thereby undermining tobacco control laws and enticing more users into tobacco consumption.

“To counteract these threats, it is imperative that the Nigerian government intensify its efforts in regulation and control, recognising the grave public health and economic impacts of tobacco use. To be clear, the Federal Government must respond with proportional investment in the TCF for the effective regulation of tobacco consumption.”

CAPPA observed that while the 2024 budget commendably increased allocation to the TCF to 10 million Naira pfrom 4.7 million Naira directed to it in 2023, it remains insufficient for several critical reasons.

Oluwafemi said: “Firstly, operational costs consume a large portion of the funds. The National Tobacco Control Committee (NATOCC) require substantial finance running in millions for the coordination of its meetings, which should occur at least four times annually as stipulated by the National Tobacco Control Act (NTCA).

The current allocation to the TCF, which provides support for these meetings, remains poor and, therefore, leaves virtually no financial room for this activity or other essential responsibilities of the NATOCC.

“Secondly, effective sensitisation campaigns need robust media outreach, deep community engagement, and active coordination with various stakeholders across the country. These activities require substantial funding to reach a wide audience and create impactful messages.

“Thirdly, there is a pressing need for alternative cropping initiatives to support tobacco farmers transitioning to sustainable crops. This shift involves continuous investment in training programs, provision of quality seedlings, and adequate financial support to ensure that these farmers can move to more sustainable and health-friendly agricultural practices.

“Furthermore, enforcement and monitoring activities are crucial to combat industry interference and ensure compliance with tobacco control regulations. This includes prosecuting violations, safeguarding smoke-free spaces and ensuring a ban on tobacco advertising, promotion and sponsorship, amongst other efforts. Adequate funding is also essential to equip and train enforcement teams on the front lines of this battle, ensuring that regulations are not only in place but actively upheld.”

To this end, CAPPA made two requests of the upper and lower chambers. The first is to “increase the tobacco control allocation to a minimum of 300 million Naira in the 2025 budget and ensure subsequent increments in future budgets.”

The CSO reasoned that this would allow the National Tobacco Control Committee (NATOCC) and Tobacco Control Unit (TCU) domiciled within the Federal Ministry of Health and Social Welfare to convene mandated meetings and implement robust public health campaigns to educate citizens about the dangers of tobacco use, fund research initiatives to monitor trends in tobacco consumption and evaluate policy impacts, enhance enforcement efforts, including monitoring compliance with existing laws and prosecuting violations and support alternative livelihood programs for tobacco farmers, ensuring that they transition sustainably to other crops.

Secondly, CAPPA called for the full operationalisation of the National Tobacco Control Fund.

The Tobacco Control Fund (TCF) was established under Section 8 of the Nigeria Tobacco Control Act (NTCA), 2015, as part of a comprehensive framework to combat the harmful effects of tobacco consumption. The fund is drawn from various sources, including appropriations from the national budget, proceeds of fines for violations of tobacco laws, and contributions from relevant development bodies for tobacco control.

Explaining the TCF’s importance, Oluwafemi added: “By establishing the TCF, the federal government recognised the enormous public health risks posed by tobacco and the role of adequate financial resources to combat them. In fact, the TCF is intended to support vital activities such as public health campaigns, regulatory enforcement of the NTCA, research on tobacco trends, and alternative livelihood programmes for tobacco farmers.

“However, since its creation, the Fund has yet to achieve full operationalisation, leaving Nigerians vulnerable to the unchecked dangers of tobacco consumption and marketing.

“By fully operationalising the TCF, ensuring transparent and accountable fund management, and bolstering the institutional capacity of relevant public health authorities to exercise their mandate, the National Assembly will be leading the charge in safeguarding public health, reducing economic burdens, and protecting the environment from the devastating impacts of tobacco.”

Fasehun Family Announces Burial Arrangements For Chief Olufemi Ademola Fasehun

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blacktalker
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The Fasehun dynasty has announced the passing of Chief Olufemi Ademola Fasehun, who slept in the lord on November 18, 2024.

Chief Fasehun, described as a quintessential gentle man, was born on August 27, 1948, and passed at the age of 76 years.

According to the family, the funeral will start with a service of songs on Wednesday, 22nd, January 2025, at All Saints Anglican Church, Yaba, at 4 pm.

Christian wake keep and night of tributes is scheduled for Thursday, 23rd January, 2025, at Anglican Church of The Ascension, Opebi, Ikeja at 4pm.

The burial service will take place at All Saints Anglican Church, Yaba, on Friday, January 24th at 10 am, and interment follows immediately.

The outing service, as announced by the family, will be held on Sunday, 26th January, 2025, at All Saints Anglican Church, Yaba at 10:30am, and entertainment of guests follows.

Chief Olufemi Ademola Fasehun, former Chairman of WEMABOD Estates Limited, is survived by wife, children, grandchildren, sisters, brothers, cousins, and in-laws.

Carbon Credits in Nigeria: Real Hope or Just Another Hustle?

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blacktalker
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Carbon Credits in Nigeria: Real Hope or Just Another Hustle?

By Kehinde Kenku

So, here we are. Nigeria, standing at the edge of something new. Carbon credits. It sounds technical, maybe even boring. But it’s not. It’s about money. It’s about land. It’s about people. And, honestly, it’s about the future.

Let’s back up a bit. In 2021, the government passed the Climate Change Act. Big deal, they said. Then, just recently, they rolled out the Carbon Market Activation Policy. Even bigger deal, they said. The numbers? Huge. They’re talking about unlocking $2.5 billion by 2030. That’s a lot of zeros.

The pitch is simple: Nigeria can sell carbon credits to the world. In return, we get jobs, investments, and a cleaner environment. Sounds good, right?
But, as always, there’s a catch. There’s always a catch.

Take Cross River, for example. Beautiful place. Lush forests. But ask the people there how they feel about carbon projects. Some will tell you it’s been rough. Forest conservation projects came in, promising the world. But then, suddenly, people couldn’t use their own land. Couldn’t farm. Couldn’t hunt. Tensions rose. Some called it “carbon colonialism.” That’s a heavy word. But it stuck.

See, the thing is, these projects are supposed to help. But sometimes, they just help the wrong people. Or, worse, they help outsiders more than locals. That’s the risk. If we’re not careful, Nigeria could end up selling “carbon credits” on paper, while real people get nothing. Or even lose what little they have.

There’s a way to do it right, though. It’s not rocket science. It’s just about being fair. First, you need free, prior, and informed consent. That means you actually talk to people. You listen. You explain. You don’t just show up with a contract and a smile.

Second, you need to share the benefits. Not just with the government. Not just with big companies. With the communities. The people who live there. The ones who will feel the impact, good or bad.

And then, there’s accountability. That’s a big word, but it just means someone has to check. Did the project really cut emissions? Did it really help people? Or was it just a fancy way to make money?

If you can’t answer those questions, maybe you shouldn’t be selling carbon credits at all.

Some folks say carbon markets are the future. Maybe they’re right. If done well, they can bring real change. Cleaner air. More jobs. Healthier forests. But if done wrong? It’s just another hustle. Another way for the rich to get richer, while the poor get left behind.

Nigeria’s got a choice to make. Regulators, civil society, investors—they all have a role. Will they build a market that’s honest? One that’s based on science, not just paperwork? Will they make sure projects actually cut emissions, not just move numbers around? Will they protect biodiversity, health, and livelihoods? Or will they let it slide, as long as the money keeps flowing?

It’s not just about climate. It’s about trust. If Nigeria gets this right, the world will notice. We’ll be seen as leaders. As a country that can balance growth and justice. But if we get it wrong? Well, people will talk. They’ll say we sold out. That we put profits over people. That we let outsiders call the shots, again.

So, what’s it going to be? A sustainable future, or just another extractive industry in green disguise? The answer isn’t clear yet. But one thing’s for sure—whatever happens next, it’s going to matter. Not just for Nigeria. For the whole world, too.

And maybe, just maybe, this time we’ll get it right. Or at least, we’ll try. Because the stakes? They’re higher than ever. And the world is watching.

Health Emergency Initiative Appoints New Board of Trustees Member

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blacktalker
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The Health Emergency Initiative, HEI has announced the appointment of Mrs. Evi Ifekwe to its esteemed Board of Trustees. This significant decision was agreed upon during the Board’s meeting on January 10, 2025, following a recommendation by the Ethics and Governance Committee.

Mrs. Ifekwe is a seasoned technocrat with an impressive 35-year track record of corporate excellence. Her career began at Afribank (now Polaris Bank), where she demonstrated exceptional leadership as Training Manager. She later joined TotalEnergies E&P as an HR Team Lead and achieved remarkable milestones, culminating in her role as Executive General Manager.

In February 2023, she assumed the position of Executive Director of Country and People’s Services, while also serving as the Board Chairman of TotalEnergies CPFA. After an illustrious career, Mrs. Ifekwe retired in August 2024, leaving behind a legacy of distinction. Currently, she serves as a Non-Executive Director at FIN Insurance, providing strategic governance and oversight.

Mrs. Ifekwe’s longstanding relationship with HEI began as a dedicated volunteer, championing advocacy initiatives and supporting vital organizational efforts. Her expertise in strategy, corporate governance, and ethics will undoubtedly enhance HEI’s mission of delivering lifesaving health interventions and transforming lives.

The Board of Trustees and the entire HEI team while warmly welcoming Mrs. Evi Ifekwe, expressed confidence in her ability to drive impactful change and elevate the organization’s vision to new heights.

WiFiCombat Academy Identifies Collaboration As Key To Impactful Educational Solutions in Africa

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blacktalker
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Founder of the WiFiCombat Academy, Dele Tejuoso has identified the place of collaboration in scaling impactful educational solutions across Africa.

Tejuoso also believes that governments, international organizations, and the private sector all have roles to play in advancing the EdTech ecosystem.

She noted that governments can invest in digital infrastructure and promote STEM education, while international organisations can provide funding and expertise.

“The private sector can drive innovation, offer mentorship, and create opportunities for internships,” she said.

Speaking on the Academy, Tejuoso opined that WiFiCombat Academy has established itself as a trailblazer in the African educational technology landscape, delivering cutting-edge solutions to schools, institutions, and governments across the continent.

She said the Academy has been on a mission to provide future-ready skills and personalised career guidance to students, ranging from primary school to university level.

”The academy’s core mission revolves around empowering young learners with hands-on experience in technology while preparing them to be job-ready, entrepreneurial, and tech-savvy leaders.

“Our goal is to build a pipeline of skilled individuals across Africa, integrating STEM education with career pathway guidance, using innovative tools like AI-driven assessments and gamified learning experiences,” Tejuoso stated.

According to her, WiFiCombat Academy’s unique approach focuses on early exposure to technology, alongside mentorship and internship opportunities, which bridge the gap between education and industry.

Recognising the diverse needs of learners across Africa, WiFiCombat Academy tailors its solutions to suit each region’s specific requirements. The Academy uses mobile-first, cloud-based platforms, ensuring accessibility even in areas with limited internet connectivity. It also provides offline learning kits, translated content, and culturally relevant curricula to promote inclusivity, especially in underserved regions.

WiFiCombat Academy has been leveraging technology to revolutionize access to education. Through partnerships with local governments and NGOs, it ensures broader outreach, delivering cloud-based e-learning platforms, gamified learning tools, and mobile applications that reach remote areas. AI-driven platforms allow for personalized learning, enhancing the educational experience and driving performance improvements.

Looking ahead, Tejuoso who is a Mastercard Foundation EdTech Fellow, identifies several emerging trends in the EdTech space, such as the rise of AI, virtual reality, and gamification.

“We are integrating AI-driven career pathway tools and exploring blockchain for credentialine. The academy plans to enhance its offerings with immersive VR/AR modules for hands-on learning experiences, ensuring that it remains at the forefront of technological advancements.

In evaluating its technology tools, WiFiCombat Academy uses analytics, learner feedback, and outcome-based metrics. The Academy continuously refines its platforms through pilot programmes and collaboration with educators to ensure the solutions remain relevant and impactful.

The founder also highlights the role that AI and machine learning could play in shaping the future of education in Africa.

” By offering personalised learning paths and predictive analytics, these technologies can help prevent dropouts, bridge language barriers, and provide real-time feedback for both educators and learners, ensuring a more inclusive and efficient educational system.”

DG Nigeria-China Strategic Partnership, Joseph Tegbe, in Talks with China Exim Bank and China Development Bank

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blacktalker
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NTPIC Begins Stakeholder Engagements, Seeks Humane Implementation of New Tax Acts

The Director-General of the Nigeria-China Strategic Partnership, NCSP, Joseph Tegbe, has engaged China EXIM Bank and China Development Bank to review priority on the Forum on China-Africa Cooperation, FOCAC projects and explore various funding options for accelerated delivery.

This is part of the 2024 FOCAC project implementation, monitoring, and investment drive.

Tegbe, who is in China with his team, also visited CCCC Headquarters in Beijing and the company’s poultry farm, which produces 2.5 million eggs per day, to assess its replication in Nigeria using innovative funding models, like the partly contractor-financed Lekki Deep Seaport.

He held strategic meetings with Lin Yifu, a world-renowned economist and former World Bank Director, who is committed to supporting the NCSP in implementing policy and reforms for the partnership and attracting major Chinese investments into the country.

Other areas visited include the leading company in the power transmission and transformation industry, TBEA, in Xinjiang, where discussions were held on high-priority opportunities and supergrids. Investment prospects in mini- and microgrid solutions to improve Nigeria’s power sector were also explored.

To further deepen engagements in China, the delegation will proceed to Shanghai, Shenzhen, and Guangzhou to strengthen talks with companies involved in FOCAC projects for speedy implementation.

CHAIRPERSON OF POWA IN OGUN STATE PROMOTES TEN THOUSAND DAILY STEPS FOR HEALTHY LIFESTYLE

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blacktalker
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…… Highlights Seven Point Agenda for POWA members in Ogun State.

Chairperson of the Police Wives Association, POWA in Ogun State, Rev Mrs Olubusola Lanre Ogunlowo has led wives of Police officers on a ten thousand step walk/fitness dance and sweat exercise to kick off her 2025 maiden sensitization of the importance of healthy living.

This is also part of efforts to ensure the deliberate incorporation of a daily walking lifestyle so people can live longer.

This is after the POWA Chairperson had led a delegation of Police wives in the state, to the Ogun State Police Command to pay a well-deserved courtesy visit to her husband, welcoming him into the State. She prayed that the tenure of her husband and that of other Police officers would be successful.

During the courtesy visit, Rev Mrs. Ogunlowo enumerated her seven-point vision that she will be bringing to the frontier to assist Police wives to remain at their best emotionally and mentally.

Part of her agenda is to promote the importance of healthy living, protection of the rights of women and children against negative vices and violence, the welfare of the aged and how best to manage them in old age, recycling programmes where she will teach Police wives on how to engage in the recycling business as a sustainable means of income.

Others are prioritizing the education of the Police officers’ children and adequately supporting them to whatever level of education. She also aims to achieve even much more with the support of her husband in the empowerment programme.

Additionally, she appreciated the National President of the Police Wives Association, Mrs Elizabeth Egbetokun for her resilience and her numerous achievements through the partnership of her husband, IGP Kayode Adeolu Egbetokun PhD NPM for his visionary leadership in bringing quality impact to police officers which the beam light can be seen on the families.

GOVERNOR SOLUDO UNVEILS ANAMBRA HOMELAND SECURITY LAW, LAUNCHES “OPERATION UDO GA-ACHI”

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blacktalker
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In a major bid to tackle the security challenges facing Anambra State, Governor Chukwuma Charles Soludo has unveiled the Anambra Homeland Security Law 2025 and launched a special security operation code-named “Operation Udo Ga-Achi”.

The Governor, who signed the Homeland Security Law 2025 earlier today, stated that the law provides a framework for community/citizens’ ownership and participation in sustainable security and social re-engineering.

According to Governor Soludo, Operation Udo Ga-Achi is a special intervention force that complements regular policing. It is designed to enhance intelligence gathering, reward whistleblowers, enhance rapid response, and urgently root out criminals from every camp in Anambra State.

The Governor noted that the state’s security challenges are complex and hydra-headed, requiring a comprehensive and sustainable response. He emphasized that the state government is determined to fight criminality and ensure that Anambra becomes the safest state in Nigeria.

Key components of the Anambra Homeland Security Law 2025 include:
– Establishment of a new vigilante architecture, Agunechemba, to assist and complement federal security forces- Deployment of technology, including tracking systems, command-and-control systems, and AI-powered surveillance cameras
– Establishment of a State Call Centre with toll-free lines
– Payment of monthly security support grants to communities
– Payment of a monthly bonus of N10 million to Divisional Police Offices that record zero violent crimes

The governor also announced that the state government would review the assistance provided to existing correctional centers and embark on building new ones. He further stated that the government will work with the Commissioner of Police and DSS to identify top LGAs with violent crime histories.

Governor Soludo called on communities to set up security governance structures urgently and encouraged each community to design and execute its own “cleansing or restoration programme.”

He also reiterated the state government’s extension of the hand of friendship and amnesty to kidnappers, cultists, drug dealers, and other categories of criminals, urging them to surrender their arms and embrace rehabilitation.

The Governor emphasized that security is a collective responsibility and called on all citizens to support the efforts of the state government in ensuring the safety and security of Anambra State.

WEMA BANK KICKS OFF 2025 WITH 11 MILLION NAIRA CASH PRIZE IN 5 FOR 5 PROMO SEASON

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blacktalker
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…Set to reward 131 Nigerians in first monthly draw of 2025

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to reward 131 customers across Nigeria with N11,000,000 in cash prizes, in its first 5 for 5 Promo Season 4 monthly draw of the year happening in Warri, Delta State, on January 24, 2025.

Launched in 2021, the 5 for 5 Promo is a reward initiative introduced by Wema Bank to reward its diverse range of customers for active loyalty to the brand, its products, and offerings. The 5 for 5 Promo selects winners from the Bank’s pool of active and transacting customers, via thoroughly regulated electronic live draws.

The first 3 seasons saw the Wema Bank 5 for 5 Promo disburse over N150,000,000 to 2,378 Nigerians across the six geopolitical zones in Nigeria, and with the launch of Season 4 on October 1, 2024, Wema Bank raised the bar, setting aside a whopping N135,000,000 for disbursement this season alone.

So far, over 1,000 Nigerians have won cash prizes in daily, weekly and monthly draws, with 540 customers winning in 55 daily draws, 550 customers winning in 11 weekly draws and 262 customers winning in 2 monthly draws; totalling over N27,000,000 disbursed so far. The 3rd monthly draw of the season, which also happens to be the first monthly draw of 2025, is set to hold this January in Warri, and another 131 winners will emerge from the draw.

Among these 131, 80 will each win N25,000, 40 will win N100,000 each, 8 domiciliary account holders will win N250,000 each and 3 lucky customers will win N1,000,000 each, with one of the millionaires guaranteed to be from Warri, since the draw holds in Warri.

Referring to the trailblazing monthly draw as a timely intervention for Nigerians in light of the new year, Moruf Oseni, MD/CEO Wema Bank, recounted the big picture for the Promo and the impact this draw will have on the lives of the customers who will be starting their year out with cash prizes to support their personal, professional or business endeavours.

According to him, “The goal for us with the Wema Bank 5 for 5 Promo is giving back, providing support and rewarding our loyal customers, it’s been one of the key means through which we say ‘thank you’ as a Bank, and four years strong so far, it’s only gotten better with each season.

We made millionaires in December ahead of Christmas and it was heartwarming to hear from our amazing customers how instrumental these rewards were in sorting out some bills. Now, we are even more ready to kickstart 2025 on a millionaire note”.

“As a tradition, the 5 for 5 Promo continues to tour different locations across the six geopolitical zones, however, our winners are always selected from across the country. So even though one of the millionaires will be from Warri where this draw will hold, there’s still room for 2 more millionaires and over 120 more winners of cash ranging from N25,000 to N250,000.

The joy for us is in the smiles that are made, the stories that are positively impacted and the hope that these cash rewards bring to the winners; from students to small business owners, working professionals, and so on. We are all too familiar with the running ‘100 days of January’ reality that plagues a lot of us after the heavy spending that comes with December, so this draw is the perfect opportunity to support our customers beyond the daily and weekly draws that we hold every other weekday.

I congratulate the winners in advance, and I encourage every new and existing Wema Bank customer to seize this opportunity and start transacting today. The 5 for 5 Promo is as transparent as can be, so anyone can win, provided they meet the minimum requirements”, Oseni concluded.

Olorunshola Damilola Esther, an Akure-based trader who was one of the millionaires from the 2nd monthly draw of the Wema Bank 5 for 5 Promo Season 4 which held in Akure on December 15, 2024, expressed immense gratitude to Wema Bank for the surprise win, encouraging Nigerians to keep transacting with their Wema Bank accounts for a chance to also receive surprise financial rewards in the Wema Bank 5 for 5 Promo.

To qualify, participate and stand a chance to win in the Wema Bank 5 for 5 Promo Season 4, customers of the Bank are required to fund their account with at least N5,000 monthly, maintain an average minimum balance of N5,000 and make up to 5 transactions using ALAT, *945# or their Wema/ALAT debit card.

New customers can participate by downloading the ALAT App from the Play Store or App Store, opening an account and following the steps above to qualify.

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