Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank, ALAT, has marked its 80th anniversary.

Founded on May 2, 1945, as Agbonmagbe Bank Limited, the bank has evolved from a single-branch operation to a formidable force in Nigeria’s banking and financial industry.

According to the statement by the financial institution, over the decades, Wema Bank has built a legacy of impact, bridging gaps in access to finance for underserved Nigerians, empowering businesses with financial solutions and support, and delivering tailored financial solutions to meet the needs of every Nigerian.

“With millions of customers and a global presence via over 150 branches and the ALAT App, Wema Bank continues to set the pace in customer-centric innovation and impactful banking.”

Managing Director and Chief Executive Officer of Wema Bank, Moruf Oseni expressed gratitude to the bank’s stakeholders and reiterated the bank’s commitment to continue delivering optimum value to its customers.

Oseni noted that Wema Bank’s 80-year journey is a testament to the bank’s resilience and dedication to its mission.

The bank’s anniversary celebration, themed ‘Timeless Elegance,’ would feature a star-studded gala night with performances by prominent artists, including Davido, Wande Coal, and Yinka Davies.

The event promises to be a memorable occasion, bringing together generations of stakeholders to celebrate the bank’s legacy and look forward to a future of limitless possibilities.

As Wema Bank looks to the future, Oseni assured customers and stakeholders that the bank remains committed to its mission, promising to continue delivering value and support to its customers. “We Are With You, All The Way!”