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Tag Archives: wema bank

Wema Bank takes over CMB building over unpaid N226.5m debt

Wema Bank

A Federal High Court sitting in Lagos, Southwest Nigeria has granted Wema Bank of Nigeria Plc the power either by itself or through its appointed Receiver Manager to take over and preserve the property of a limited liability company, CMB Maintenance & Investment Company used as security to obtain loan that has not been paid, pending the determination of the ...

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AMCON, Sterling Bank fingered in illegal land sale

illegal land sale

The Asset Management Corporation of Nigeria (AMCON) and Sterling Bank have been accused of the illegal sale of portions of Victory Park Estate belonging to an indigenous real estate development company, Grant Properties Limited (GPL). The portion of land allegedly sold by the Bank was 10 hectares, which was valued at N5b billion at the time of the sale from ...

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Wema Bank promotes home ownership for youths

Wema Bank promotes home ownership for youths

“Wema Bank promotes home ownership for youths. It has reiterated its commitment to give the millennials (the youths) the opportunity to save and have their own homes, own cars or go on vacation.”- The Nation Armed with over seven decades experience on providing banking services, Wema Bank introduced an insight-driven, innovative digital offering to Nigerians earlier in the year. The ...

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Wema Bank Launches Solar Powered Mobile Branch

Wema Bank Launches Solar Powered Mobile Branch

Reports show that Wema Bank Plc has inaugurated a new mobile branch “Wema Bank on Wheels” that will be accessible in all parts of the country. According to New Telegraph, the new truck where normal branch services are offered is also fitted with two automated teller machines (ATM), and is powered by solar energy, a feature that won it IBU ...

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