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Wema Bank Marks 80 Years of Indigenous Banking Innovation

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Wema Bank, Nigeria’s trailblazing financial institution and creator of Africa’s first fully digital bank, ALAT, has celebrated its 80th anniversary—marking eight decades of commitment to innovation and national development.

Established on 2 May 1945 as Agbonmagbe Bank Limited, Wema Bank has evolved from a modest single-branch operation into Nigeria’s oldest surviving indigenous bank, with over 150 branches and a robust digital presence through ALAT.

Over the years, the bank has played a pivotal role in transforming the financial landscape by bridging access gaps for underserved communities, empowering local businesses, and supporting economic growth.

Speaking at the anniversary event, Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, paid tribute to the institution’s rich history and reaffirmed its commitment to customer service and national impact.

“Wema at 80 is a milestone that extends deeply into the very roots of the industry, the people and the nation. This is an 80-year-old bank that began to set the pace for indigenous businesses in the depths of colonial rule and has remained resolute in carrying on that mission since 1945, showing the world that ‘Nigerian-owned’ can last, and institutions can be agents of transformation in their own capacity. It’s a journey I am deeply proud of and I cannot celebrate alone,” Oseni said.

He added:

“I take this moment to express my sincerest gratitude to every person and institution that has played a part in Wema Bank’s success story. From our customers to shareholders, investors, partners to employees past and present, and every other stakeholder whose efforts run in the veins of this great Bank. We are Wema and I take this moment, on behalf of the Board and Management of the Bank, to reiterate our lifelong commitment to you. Wema Bank is built to last, Wema Bank is built for you and Wema Bank will never relent in delivering optimum value to you. It has been 80 years of impact, and as we look ahead to a future of limitless possibilities, our promise to you remains the same. We Are With You, All The Way!”

The 80th-anniversary celebrations culminate with the highly anticipated Wema at 80 Gala Night, to be held in Lagos on Friday, 2 May 2025. Themed ‘Timeless Elegance’, the event features performances by top Nigerian music icons including Davido, Wande Coal, Fuji maestro Ayuba, vocal legend Yinka Davies, and 9ice.

Viewers across the country can join the celebration live at 7 p.m. via Wema Bank’s official YouTube channel and select national television stations.

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IGP Disu Meets PCRC Leaders, Pledges Stronger Police-Community Partnership

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IGP Olatunji Disu meeting PCRC leaders at Force Headquarters Abuja

The Inspector-General of Police, Kayode Egbetokun’s successor, IGP Olatunji Rilwan Disu, has reaffirmed his commitment to strengthening collaboration between the police and communities across Nigeria.

He made this known while receiving a delegation from the Police Community Relations Committee (PCRC) at the Force Headquarters in Abuja.

The delegation was led by the PCRC National Chairman, Alhaji Mogaji Ibraheem Olaniyan, alongside members of its National Executive Committee and regional representatives.

PCRC pledges support to new police leadership

Speaking during the visit, Mr Olaniyan congratulated Mr Disu on his appointment and pledged continued support for the Nigeria Police Force.

“We reaffirm our loyalty and steadfast support for the Nigeria Police Force,” he said.

He also praised the Inspector-General for recognising the PCRC’s role in strengthening national security through community engagement.

‘Use PCRC platform responsibly’ – IGP warns

In response, Mr Disu thanked the committee for its continued backing and called for stronger accountability within the PCRC.

“The Force will continue to cooperate fully with the PCRC,” he said.

The police chief urged members to ensure that PCRC identification is used strictly for legitimate purposes, particularly intelligence gathering.

“Members must remain exemplary citizens to preserve the integrity of this partnership,” he added.

Why it matters

The PCRC serves as a bridge between citizens and the police, helping to build trust, gather intelligence, and improve public safety.

Security experts say stronger police-community relations are critical in tackling rising insecurity, especially in urban and rural areas where trust deficits often hinder policing efforts.

In recent years, Nigeria has faced challenges ranging from armed robbery and kidnapping to communal clashes, making collaboration between law enforcement and civilians increasingly important.

Industry and public perspective

Analysts note that effective community policing can lead to faster intelligence sharing and crime prevention.

However, concerns remain about the misuse of unofficial security identifiers and the need for stricter oversight — an issue the Inspector-General directly addressed during the meeting.

What’s next

The Nigeria Police Force is expected to deepen engagement with community stakeholders nationwide, with the PCRC playing a central role in grassroots intelligence and public trust-building initiatives.

Observers say the success of this partnership will depend on transparency, accountability, and consistent engagement at all levels.

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Lagos Forward Network appoints Ore Afolayan as Director General to drive Expansion

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The Lagos Forward Network (LFN) has appointed Oreoluwa Afolayan as its new Director General, marking what the group describes as a “strategic and timely” leadership transition.

The announcement was made during a press briefing in Lagos, attended by stakeholders from government, business and development sectors.

A leader for a new phase

LFN says Mr Afolayan brings a mix of public sector experience and private sector expertise to the role.

He previously served as Special Assistant to the Governor of Lagos State, where he worked on governance and policy coordination.

He has also completed leadership programmes at institutions including the African Leadership Institute West Africa, the Young African Leaders Initiative (YALI), and the Lagos Business School.

Outside government, he works in the financial services sector, focusing on business growth, customer acquisition and product expansion.

“A strategic and timely appointment”

Speaking at the event, LFN Co-Convenor Toluwase Olaniyan said the decision reflects the organisation’s future ambitions.

“Ore Afolayan represents a new generation of leadership defined by clarity, competence and execution. His experience across policy, enterprise and leadership development positions the Lagos Forward Network to build a credible, impactful and future-oriented platform.”

What his role will involve

As Director General, Mr Afolayan will oversee the expansion of LFN’s activities across the state.

His responsibilities include building networks across all local government areas, engaging stakeholders across political and economic sectors, and driving policy discussions.

He is also expected to lead community-focused programmes aimed at economic empowerment and development.

Why it matters

The appointment comes at a time when civic platforms are playing a growing role in shaping governance conversations in Lagos.

LFN says it aims to bridge the gap between policymakers and citizens, particularly in areas such as economic opportunity, leadership development and inclusive growth.

Analysts say leadership changes in such organisations can influence how effectively they mobilise stakeholders and drive policy engagement at the state level.

A platform for progress

LFN describes itself as a coalition of professionals, community leaders and institutions working to support long-term development in Lagos State.

The organisation says its work is built around three core principles: continuity, competence and inclusive growth.

What’s next

With Mr Afolayan’s appointment, the network says it is entering a phase of “structured growth and strategic coordination”.

It plans to scale its outreach, deepen stakeholder engagement and expand its influence in policy and development conversations across Lagos.

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Customs Officers’ Wives Association Supports Vulnerable Children and Widows in Oyo and Osun

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The Customs Officers’ Wives Association (COWA), Oyo/Osun Chapter, has launched a series of humanitarian visits to support vulnerable children and widows, highlighting its commitment to social welfare.

Led by Chairperson Mrs. Omowunmi Adewole, the association visited the Ibadan Motherless Babies Home and the House of Providence Special School for Children with Intellectual Disability, bringing gifts and engaging personally with children in care.

“Every child deserves an opportunity to grow, thrive, and feel valued,” Mrs. Adewole said. “Our outreach reinforces the importance of love, care, and inclusion for all children, especially those in motherless homes or with special needs.”

Recognizing Leadership and Dedication

Mrs. Adewole expressed gratitude to Dr. Mrs. Adeniyi Kikelomo, the National President of COWA, for her guidance and leadership, which she said continues to inspire members nationwide.

She also commended the caregivers and management of both institutions, describing their work as “impactful and deserving of recognition.”

Extending Support to Widows

In addition to supporting children, COWA reached out to widows of Customs officers, presenting items to assist them and reaffirming the association’s commitment to the welfare of officers’ families.

“Even small acts of kindness can create lasting hope and positive change,” Mrs. Adewole added. “COWA remains committed to making meaningful contributions to society.”

Why It Matters

COWA’s outreach underscores the role of professional associations in complementing government welfare efforts. By supporting children and widows, the association fosters inclusion, social solidarity, and community development—values aligned with the principles of the Nigeria Customs Service.

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