CBN Ratifies Oseni’s Appointment As Wema Bank MD

The Central Bank of Nigeria(CBN) has approved the appointment of Moruf Oseni as the substantive managing director/CEO of Wema Bank, effective April 1, 2023.

The bank, in a statement issued at the weekend, and made available to LEADERSHIP, also announced that the appointments of Wole Akinleye as deputy managing director(DMD), and Tunde Mabawonku as executive director(ED) had been approved by the apex bank.

Having served in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the banking sector regulatory body.

Oseni’s journey with Wema Bank began in 2012 when he joined as an executive director. Before his appointment as MD/CEO, Oseni 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.

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With over 25 years of experience, including more than 16 years at senior to executive management levels, 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.

Oseni’s 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 Oseni’s appointment, the CBN also approved the appointments of Wole Akinleye as DMD and Tunde Mabawonku as ED.

Wole Akinleye previously served as the executive director in charge of Corporate Banking and the South-West Business, while Tunde Mabawonku served as the bank’s chief finance officer(CFO).

The board, in the statement, stated that, it is confident that these new appointments will be crucial to the continued transformation and growth of the bank as it positions itself as a market leader in Nigeria’s banking industry through technology and innovation.