May 01, (THEWILL) – President Bola Tinubu has congratulated WEMA Bank, Nigeria’s oldest surviving indigenous bank, on its 80th anniversary on May 2, 2025.
WEMA Bank commenced operations on May 2, 1945, as Agbonmagbe Bank in Iperu-Remo, Ogun state. It metamorphosed into WEMA Bank in 1969.
The bank, which upgraded its regional status to become a national bank in 2015, has transformed into one of the country’s key national banking institutions.
The President, in a statement on Thursday, commended the bank for its unwavering resilience and technological innovations, which have set it apart among Nigeria’s banks.
Commending the bank’s leadership for staying the course and steering the ship in the right direction, the Nigerian Leader said, “Over the last eight decades, the bank has focused on the vision of its founding fathers to support Nigerian businesses across all the key economic sectors with strategic business advisory and financial support, which are vital for sustainable growth.”
While underscoring the Bank’s 80 years of impact in the Nigerian financial services sector, President Tinubu expresses his confidence in its brighter future, particularly under his administration’s Renewed Hope agenda, which has restored confidence in the country’s economy and financial system.
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