Wema Bank: Oloketuyi Steps Aside As CEO, Adebise Steps In Obinna Chima Wema Bank Plc has announced the retirement of its Managing Director/Chief Executive Officer, Mr. Segun Oloketuyi, after almost a decade at the helms of the bank. Oloketuyi will be succeeded by the current Deputy Manag-
ing Director of the bank, Mr. Ademola Adebise. Adebise’s appointment is however subject to the approval of the Central Bank of Nigeria (CBN). The bank disclosed this in a statement yesterday. “On behalf of the Board and Management of the Bank, I
want to thank Mr Oloketuyi for his service and wish him the best in his future endeavors,” Wema Bank’s Company Secretary and Legal Adviser, Oluwole Ajimisinmi said. Oloketuyi was named the CEO of the bank in June 2009, with the task of returning Wema Bank to profitability
following the 2008 banking crisis which saw the collapse of many banks. At the time, Wema Bank had negative retained earnings in excess of N45 billion and was declared a bank in grave financial situation by the regulatory authority. “However, under his
led, the bank also regained its national banking licence from the CBN which has allowed it to expand to the Northern and Eastern parts of the country, significantly increasing its market share and customer base in the process,”
leadership, the fortunes of the bank were completely turned around, leading to the recapitalisation of the bank and its return to profitability. The bank is now positioned to deliver dividends to shareholders. “As part of a turnaround plan which Mr. Oloketuyi
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Tanker Explosion: Osinbajo Visits Lagos, Says FG Saddened By Incident ... Page 8 Saturday 30 June, 2018 Vol 23. No 8472
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Let’sTeam Up to FightTerrorism, Buhari Implores ECOWAS Leaders Extremism transcends international boundaries; no country can combat the scourge alone Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday in his Daura, Katsina country home, received
his Togolese counterpart, Faure Gnasingbe, who is also the current President of the Economic Community of West African States (ECOWAS),
with a call on leaders of the sub-region, to collectively fight terrorism, which he described as the enemy of humanity. Buhari also welcomed the
proposal of a summit between ECOWAS and the Economic Community of Central African States (ECCAS) to address security challenges in the
two regions. In a statement, the President's spokesman, Mr. Femi Adesina, said Buhari told Gnasingbe that terrorism
transcended international boundaries, and no country could combat the scourge Continued on page 6
Governors to Security Chiefs: Brace Up or Face Sack Military Task Force assures of safety as tension envelopes Jos top of security challenges, Buratai assures Nigerians
Army on
Seriki Adinoyi in Jos and Michael Olugbode in Maiduguri The Nigeria Governors’ Forum (NGF) yesterday in Jos, Plateau State, warned Nigerian security chiefs to rise up to the responsibilities of protecting Nigerians or lose their jobs, noting that if the widespread killings across the nation persist, they would have no option than to call on President Muhammadu Buhari to replace them. On the same day dominated by fear of an attack in Jos, the Chief of Army Staff, COAS, Lt. Gen. Tukur Buratai, assured the nation that the Army was on top of all security challenges, while urging Nigerians not to celebrate insecurity. The NGF was in Jos on a condolence visit to the government and people of Plateau State over the recent attack that claimed over 200 lives in the state. Speaking on behalf of Continued on page 6
OLAKUNRI GOES HOME IN GLORY... L-R: Vice President Yemi Osinbajo; former President Olusegun Obasanjo; Lagos State Governor, Akinwunmi Ambode and Ogun State Governor, Ibikunle Amosun during the funeral service of Chief (Mrs) Olutoyin Olakunri at St. Paul’s Church, Breadfruit, Lagos...yesterday
Court Dismisses Suit Seeking Removal of Kebbi Gov. Bagudu
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