Wema Bank, Nigeria’s innovative leader in banking and pioneer of Africa’s first fully digital bank, ALAT, is pleased to announce the appointment of a new Deputy Managing Director and an Executive Director. These strategic appointments, approved by the Board, come as part of the bank’s commitment to ensuring strong leadership succession. The new roles will take effect on December 1, 2024, following the retirement of Mr. Oluwole Akinleye, the current Deputy Managing Director.

Mr. Akinleye, whose retirement will be effective November 30, 2024, has been a vital pillar of Wema Bank’s growth and transformation. Over the past decade, he has demonstrated exemplary leadership across various capacities, including overseeing the Southwest Business, Corporate Banking Division, Customer Experience Management, and Corporate Sustainability. His tenure has been marked by significant contributions to the bank’s strategic objectives and market positioning.

In expressing gratitude for his service, the Board of Directors and management of the Bank disclosed that Mr. Akinleye’s dedication and strategic foresight have been instrumental to Wema Bank’s transformation journey. He is deeply appreciated for his invaluable contributions and they wish him the very best in his future endeavors.

As part of its robust succession planning, Wema Bank has appointed Mr. Oluwole Ajimisinmi as Deputy Managing Director. Mr. Ajimisinmi, who joined Wema Bank in 2009 as Company Secretary/Legal Adviser, was appointed as an Executive Director in 2020. With years of experience in corporate governance, strategic leadership, and banking, he is well-positioned to steer the bank towards its next phase of growth and innovation.

The bank has also named Mr. Olukayode Bakare as Executive Director, effective the same date. A seasoned finance and treasury expert with years of industry experience, Mr. Bakare has been a key driver of Wema Bank’s Treasury, Wholesale Funding, and Global Trade Business. His extensive expertise and leadership will further bolster the bank’s commitment to delivering innovative financial solutions.

Commenting on these appointments, the Board of Directors and management of the Bank said these appointments underscore Wema Bank’s commitment to building a future-ready leadership team. According to the Bank, Mr. Ajimisinmi and Mr. Bakare bring a wealth of expertise, passion, and a clear vision to their new roles. The Bank is confident that their leadership will propel Wema Bank to new heights, ensuring sustained innovation and value creation for its stakeholders.

Wema Bank remains committed to its mission of delivering cutting-edge banking solutions through technology and innovation. With these leadership changes, the Bank is poised to maintain its position as a trailblazer in Nigeria’s financial services sector.

Operatives of the National Drug Law Enforcement Agency (NDLEA) have thwarted attempts by drug syndicates to export large consignments of cocaine, methamphetamine, and opioids through the Murtala Muhammed International Airport in Ikeja, Lagos, and the Nnamdi Azikiwe International Airport in Abuja, to the United Kingdom, Italy, Turkey, and Qatar.

A total of 13 parcels of cocaine weighing 4.40kg, destined for the United Kingdom via Frankfurt on a Lufthansa Airlines flight, were intercepted by NDLEA officers at the export shed of the Lagos airport on November 5, 2024.

A statement issued on Sunday by the agency’s spokesperson, Femi Babafemi, revealed that a businessman linked to the consignment, Ekeocha Nelson, was tracked and arrested on November 8.

Babafemi also reported the arrest of another businessman, Adegbite Solomon, who attempted to export 7,800 pills of tramadol, among other drugs.

He said, “The bid by another businessman, Adegbite Solomon (aka Obama), to export 7,800 pills of tramadol, 180 tablets of Rohypnol, and 60 bottles of codeine to Italy was also foiled at the departure hall of the Lagos airport on Monday, November 11, when the NDLEA operatives arrested him after recovering the opioids concealed in food and other items while attempting to board an Ethiopian Airlines flight to Italy. He claimed to have travelled to Europe through the Mediterranean Sea and earned a living as a street beggar before delving into the logistics business.”

Babafemi further mentioned the arrest of another businessman, Anoke Roomy, who was caught with 1,100 pills of tramadol 225mg hidden in his luggage while attempting to board an Ethiopian Airlines flight to Istanbul, Turkey, at the Lagos airport on November 15.

He added, “Following credible intelligence, the NDLEA officers of the Directorate of Operations and General Investigation, and their counterparts from the FCT Command of the agency on Friday, November 15, raided a hotel room at the Federal Housing Authority estate, Lugbe, Abuja, where they arrested two suspects: Omeh Uchenna Jude, 36, and Anene Valentine Chigozie, 34. Recovered from them was 1.8kg methamphetamine, which they were preparing to travel with to Qatar.”

In another intelligence-led operation, Babafemi said a trans-border drug trafficker, Emmanuel Okeke, was arrested during an attempt to smuggle drugs to Ghana.

He said, “Officers of an NDLEA task force on Saturday, November 16, foiled the attempt by a trans-border trafficker, Emmanuel Okechukwu Okeke, to smuggle 50,000 pills of tramadol 225mg from Ghana into Lagos. The pills were concealed in the body compartments of a Toyota Hummer Bus belonging to the GUO Transport Company, driven by the suspect. The vehicle was intercepted at the Ijanikin area of the Lagos-Badagry Expressway while coming from Ghana.”

In Edo State, Babafemi reported the recovery of no fewer than 997kg of cannabis during raids in various parts of the state.

“While 680kg of cannabis and a Sienna bus marked FST-320 AE were seized at a bush path to the Oghada forest in Oghada, Orhionmwan LGA, 180.5kg of the same substance was recovered from a suspect, Cecilia Ibe, 31, at the Ofosu forest, Ovia South West LGA, and 136.5kg evacuated from a building in Otuo community, Owan East LGA on Thursday, November 14,” he added.

In Kwara State, Babafemi mentioned that NDLEA operatives arrested a suspect, Adio Sulaiman, with 120.8kg of cannabis and some litres of codeine at Gaa Odota in Ilorin West LGA.

“While Kelechi Obichere, 42, was nabbed with 75kg of cannabis at Eziobodo, Owerri West LGA, Imo State on Thursday, November 14, a total of 563.74 kilograms of the same psychoactive substance were recovered from a 60-year-old suspect, Anthony Anakabi, following his arrest at Iyalode, Iyana Church area of Ibadan, the Oyo State capital,” he concluded.

Rabiu Kwankwaso, former governor of Kano, has called on the national assembly to reject any attempts to “cheat” the north through the proposed tax reform bills.

Kwankwaso made this statement on Sunday during the convocation ceremony of Skyline University at the Ammani Centre, Nassarawa GRA, Kano state.

He accused Lagos of “making a lot of efforts” to colonise the north, and further alleged that the president, who hails from Lagos, is interfering in the emirship dispute in Kano.

“The Emir has just been installed at this difficult time in our country, especially in this part of the country, northern Nigeria,” he said.

“Today, we can see very clearly that there is a lot of effort from the Lagos axis to colonise this part of the country.”

“Today, Lagos wouldn’t allow us to choose our Emir. Lagos has to come to the centre of Kano to put their own Emir.”

“Today, we are aware that the Lagos young men are working so hard to impose and take away our taxes from Kano and this part of the country to Lagos.”

The Kano emirship is currently the subject of litigation. Muhammadu Sanusi was reinstated as Emir of Kano in May, but Aminu Bayero, who was previously removed to make way for Sanusi, has refused to step aside.

• TAX REFORM BILLS

Kwankwaso, the New Nigeria Peoples Party (NNPP) presidential candidate in the 2023 elections, also claimed that many factory owners have been “forced” to relocate their headquarters to Lagos, enabling the southwest state to claim “all the taxes.”

“We have seen the effort of some people to make the poor poorer and the rich richer. And I believe this is very dangerous for us,” Kwankwaso said.

“This part of the country today is suffering from a serious economic crunch, insecurity, poverty, hunger, and diseases.”

“I believe this is not good for the cordial existence of our country. At this moment, I would like to call on all our national assembly members to keep their eyes open so that they don’t do anything that will cheat the people of northern Nigeria, especially here in Kano.”

“We are witnesses to what happened during the first term of Olusegun Obasanjo from 1999 to 2003, where our members of the national assembly were bribed into collecting a huge sum of money to support onshore/offshore in the country.”

“That law put a huge blow on our economy in northern Nigeria and all other states.”

• BACKGROUND

On October 3, President Tinubu asked the national assembly to consider and pass four tax reform bills.

These proposed legislations, which have sparked intense debate, include the Nigeria tax bill, the tax administration bill, and the joint revenue board establishment bill.

The president also requested the parliament repeal the law establishing the Federal Inland Revenue Service (FIRS) and replace it with the Nigeria Revenue Service.

On October 28, the Northern States Governors Forum (NSGF) opposed the bills, arguing that the proposed legislation would harm the region’s interests. The governors asked the national assembly to reject the bills, calling for the equitable and fair implementation of national policies across all regions.

The National Economic Council (NEC) also urged Tinubu to withdraw the bills to allow for further consultations.

On November 1, President Tinubu stated that the bills would not be withdrawn, emphasizing that the proposed laws are designed to improve the lives of Nigerians and optimise existing tax frameworks.