Moruf Oseni Resumes as Wema Bank MD/CEO as CBN Okays Appointment

By Modupe Gbadeyanka

Mr Moruf Oseni has assumed office as the substantive Managing Director and Chief Executive Officer of Wema Bank Plc after the Central Bank of Nigeria (CBN) approved his appointment.

The respected banker resumed his new position today, Saturday, April 1, 2023, after serving in an acting capacity since January 1, 2023, succeeding Mr Ademola Adebise.

Mr Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director. Before his appointment as MD/CEO, he served as Deputy Managing Director for the last four years, a role where he demonstrated the capacity to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.

With over 25 years of experience, including more than 16 years at senior to executive management levels, Mr Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm. He had also served as Vice President at Renaissance Capital and was an Associate at Schroder Salomon Smith Barney/Citigroup Global Markets in London.

His credentials speak for themselves, with an MBA from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MIF) from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU). He is also an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.

In addition to Mr Oseni’s appointment, the CBN also approved the appointments of Mr Wole Akinleye as Deputy Managing Director, and Mr Tunde Mabawonku as Executive Director.

Mr Akinleye previously served as the Executive Director in charge of Corporate Banking and the South-West Business, while Mr Mabawonku served as the bank’s Chief Finance Officer.

The board has expressed confidence in the new appointments, noting that they would be crucial to the continued transformation and growth of the lender as it positions itself as a market leader in Nigeria’s banking industry through technology and innovation.