Wema Bank considers debt to boost capital as lending slows

Wema Bank aims to grow loans between one and two percent this year, after it achieved 22.3 percent growth last year, to conserve its capital as Nigeria enters a second year of recession, a senior executive said on Friday. Chief Finance Officer Tunde Mabawonku said the bank had repaid a 50 billion naira ($164 million) […]

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‘How Wema Bank and CBN was defrauded of over N340m’

A member of staff of Wema Bank, Mrs Abosede Oyelakin, yesterday gave an account of how some members of staff of the bank allegedly defrauded both the bank and the Central Bank of Nigeria (CBN) of over N340 million in the mutilated currency scam. Mrs. Oyelakin is the first prosecution witness in the ongoing case […]

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