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All You Need To Know About Wema Bank’s New MD/CEO, Moruf Oseni



Wema Bank has announced the retirement of its MD/CEO, Ademola Adebise and unveiled Moruf Oseni as his replacement.

Oseni joined Wema Bank in June 2012 as an Executive Director.

He has over 25 years of experience with more than 16 years at Senior and Executive Management levels. Moruf Oseni was an Executive Director for six years and Deputy Managing Director for the last four years and has demonstrated capacity to lead the Bank.

Until the announcement of his new post, he was responsible for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and the Technology Divisions.

Moruf is also the Executive Compliance Officer of the Bank. He supervised the launch of ALAT – Nigeria’s 1st digital bank that has received local and global awards and multiple accolades.

Before joining Wema Bank, Moruf was the CEO of MG Ineso Limited, a principal investment and financial advisory firm. Prior to MG Ineso, Moruf was a Vice President at Renaissance Capital, and an Associate at Salomon Brothers/Citigroup Global Markets in London.

He holds an MBA degree 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), Ile-Ife, Nigeria. He is also an alumnus of both the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.

The appointment take effect from April 1, 2023 and is subject to the approval of the Central Bank of Nigeria and other regulatory authorities.

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