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Wema Bank Rewards Customers With N10,000,000 In “5 For 5” Promo Season 3 Grand Finale

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  •  N90,000,000 Cash Prize disbursed over the Season

 

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced 124 winners in the Grand Finale of the third season of its reward initiative, the Wema Bank 5 for 5 Promo—bringing the winners for the season to a total of 1200. The Grand Finale held on May 31st, 2024, at the Wema Bank Head Office in Lagos.

Introduced in 2019, the Wema Bank 5 for 5 Promo is a revolutionary reward initiative established by Wema Bank with a set goal of rewarding the Bank’s active and loyal customers for their support of the brand and its products. Designed to maintain transparency and objectivity, the Wema Bank 5 for 5 Promo is executed through monthly raffle draws supervised by Top Regulatory Bodies and exclusive to the Bank’s actively transacting customers based on the minimum requirements for each season. The first two seasons of the Wema Bank 5 for 5 Promo saw a total of 1,177 Wema Bank customers receive a N63.3 million total cash prize and the just concluded Season 3 raised the bar exceptionally high.

Season 3 of the Wema Bank 5 for 5 Promo launched in July 2023 with a N90,000,000 cash prize for both Naira and Domiciliary (Dollar) Wema Bank Account holders across the country. Over a 10-month span, the 5 for 5 Promo Season 3 toured Lagos, Abuja, Ibadan, Uyo, UNILAG, Akure, Enugu, Benin, Osogbo and for the Grand Finale, Lagos. Each monthly draw disbursed a N9,000,000 cash prize excluding the 6th draw in Akure which disbursed N8,000,000, leaving a N1,000,000 deficit that was carried forward to the Grand Finale, bringing the Grand Finale cash prize to N10,000,000; 2 winners of N1,000,000 each, 12 Domiciliary Account winners of N250,000 each, 30 winners of N100,000 each and 80 winners of N25,000 each. In attendance at the Grand Finale of Wema Bank 5 for 5 Promo Season 3 were Representatives of the Federal Competition & Consumer Protection Commission (FCCPC), the Lagos State Lotteries Board and the National Lottery Regulatory Commission (NLRC), among other dignitaries.

Disclosing the Bank’s motivation for launching the Wema Bank 5 for 5 Promo, Tunde Mabawonku, Wema Bank’s Executive Director of Retail and Digital Business, referenced the Bank’s commitment to giving back to its customers and providing an exceptionally rewarding banking experience for them. “What you see today as an instrument of positive impact and transformation began with a vision set in 2019. Since becoming a National Bank, we had been on a success streak with the launch of Africa’s first fully digital bank, ALAT, our female-focused proposition, SARA by Wema, our USSD solution *945# and a host of others. What stood out for us is how receptive our customers have been through the years, supporting us, welcoming our solutions, and embracing each innovation with open arms. The success reflected in our numbers could not have been possible without the loyalty that we have enjoyed from our customers, so we set our sights on a greater vision—to go beyond the ‘usual’ in our promise of providing customers with a seamless and rewarding banking experience. This vision was brought to life when we launched the 5 for 5 Promo in 2019 and I take this moment to appreciate every person who has contributed to the success of the Wema Bank 5 for 5 Promo and joined us in bringing this vision to reality”.

Elucidating the profound impact generated by the 5 for 5 Promo, Ayodele Olojede, Wema Bank’s Divisional Head of Retail and SME, added, “I am honoured to have had the privilege of assuming office in the preliminary stages of Wema Bank 5 for 5 Promo Season 3, witnessing first-hand the impact that we created in many lives, families, businesses and even careers across our diverse customer base throughout the season. We’ve had winners who were NYSC Corps Members, Business Owners, Corporate Employees, Parents, Students, and several other demographics from all over Nigeria and honestly, being here today at the Grand Finale leaves a bittersweet feeling. While the Grand Finale attests to the impactful journey that we have traversed through the past 10 months, it also marks the end of the Season. I am beyond proud of the transformative impact we have generated over the course of the 5 for 5 Promo Season 3 and the Bank is honoured by the privilege that our customers have given us to serve them. I thank every one of our customers for choosing Wema Bank. The rewards never end with us so keep using your Wema Bank account for all transactions. You have nothing to lose but have EVERYTHING to gain with Wema Bank”.

The Wema Bank 5 for 5 Promo stands out for its inclusivity, diversity and positive impact, touching the lives of hundreds of Nigerians of different ages, social statuses, interests, qualifications and lifestyles. While the 3rd Season of the Wema Bank 5 for 5 Promo has officially come to a wrap, the footprints left by the remarkable initiative remain imprinted in the hearts and lives of all Wema Bank customers who have benefitted from the Wema Bank 5 for 5 Promo.

Wema Bank continues to offer a plethora of rewards for customers via its Deals & Discounts feature on the ALAT App, its social media platforms and a host of other avenues championed by the Bank.

BIG STORY

Ignore Sujimoto’s Crocodile Tears, He Scammed Us N5.7bn And We’re Recovering Every Penny — Enugu Government

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  • all projects never left foundation stage

 

The Enugu State government has accused the CEO of Sujimoto Luxury Construction Limited, Olasijibomi Ogundele, of defrauding the state of nearly N6bn, noting that Ogundele vanished into thin air after he was paid the said sum for the construction of 22 Smart Green Schools in different parts of the state.

The government also accused Ogundele of premeditated fraud, explaining that while he presented a bond issued by Jaiz Bank to secure the contract, he used the company’s Zenith Bank account registered with the state’s Ministry of Works and Infrastructure to receive the said payment, making it impossible for the state to hold Jaiz Bank liable.

The statement said, “For the avoidance of doubt, on July 2, 2024, the Enugu State Government awarded a contract in the sum of N11,457,930,950.52 to Sujimoto Luxury Construction Ltd for the construction of 22 Smart Schools (buildings only) in six months starting from the date of the acceptance of the award.

“The Enugu State Government paid the sum of N5,762,565,475.25, representing 50 per cent of the contract sum, in order to fast-track the projects at all the sites.

“Rather than play to the rules of the contract to deliver quality projects for furnishing and equipping ahead of September 2025 school resumption, in line with the priority placed on the Smart Green Schools initiative by the government, Mr. Ogundele resorted to shoddy jobs and the use of inexperienced workers and quack engineers. None of his sites met the structural integrity of the projects as specified in the structural drawing.

“Worse still, he vanished into thin air with the money. All efforts made by the government to get him to a roundtable to discuss the quality and progress of work proved abortive. He equally refused to attend the periodic projects briefing organised by the state government for all contractors or take numerous calls and messages put across to him. In fact, he practically abandoned the sites, leaving the Enugu State Government with no other choice than to petition the Economic and Financial Crimes Commission (EFCC) to recover the funds paid to him.

“A joint team of officers of the Enugu State Ministry of Works and Infrastructure and the EFCC visited the 22 sites to evaluate the progress of work on May 8 and 9, 2025, where it was clearly established that there had been minimal to no significant work done at the said sites one year after the contract award. In some cases, he fraudulently did not do excavation for all the blocks in site.

“It is also on record that he has not shown up at the sites or made himself available to either the state government or the law enforcement agencies even after those site visits.

“It is also pertinent to state that it was discovered in the course of investigation that whereas he presented a bond from Jaiz Bank, he used Sujimoto Luxury Construction Limited’s Zenith Bank account number 1312731196 to receive the said payment and draw down the fund without deploying it to the projects. This clearly shows a premeditated intent to defraud the state ab initio.

“The government has since retaken and handed over the sites to new firms, who has no choice than to start the construction afresh. Tremendous progress has been made to keep the determination of the Mbah Administration to migrate Enugu children to Smart Green Schools by September on track.

“Nigerians should therefore disregard his theatrics and crocodile tears, as Enugu State Government is determined to and will surely recover every penny of Ndi Enugu fraudulently obtained by Mr. Olasijibomi Ogundele (Sujimoto).”

The Enugu State Government’s statement was accompanied with pictures of the project sites as abandoned by Sujimoto, which were taken by the joint team of officials of the state and operatives of the EFCC during the May 8 and 9 site visits. The pictures clearly showed that the project sites were mostly at the levels of foundation and DPC, with a few at the stage of block work.

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BIG STORY

‘Miracle Money’ Gospel Undermining Nigeria’s Development — Prof. Yemi Osinbajo

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Former Vice-President Yemi Osinbajo has cautioned Nigerian churches against promoting messages centred on miracles and prosperity without responsibility, saying such teachings undermine national development.

Osinbajo spoke in Lagos on Thursday at the 80th birthday lecture of Mike Okonkwo, presiding bishop of The Redeemed Evangelical Mission (TREM). The 24th edition of the Mike Okonkwo Annual Lecture was themed “The Nigeria Of Our Dream: Today’s Reality and a Responsible Pathfinder.”

Delivering a lecture titled “Church as a Responsible Pathfinder in Attaining the Nigeria of Our Dreams,” Osinbajo said only values of integrity, productivity, and responsibility can transform the nation and curb corruption.

“If the gospel is preached correctly, it will create renewed, regenerated men and women. We cannot build a nation on the doctrines of miracle money and shortcuts. True gospel preaching instils diligence, honesty, and responsibility. That is what changes societies,” he said.

The former vice-president warned that Africa’s failure to add value to its natural resources has kept it poor despite vast endowments. He cited cocoa production as an example, noting that while Africa grows the raw material, countries without cocoa dominate global profits by processing it into chocolate.

Osinbajo also drew lessons from the Puritans in Europe, who, he said, transformed their societies by emphasising integrity, hard work, and ethical living.

In his remarks, Bishop Okonkwo urged Nigerians to reflect on the country’s progress nearly 65 years after independence, stressing that every citizen has a role in nation-building.

“The Nigeria of our dreams can be realised, but every one of us must play our part. Responsibility cannot be shifted; we all must take it,” he said.

The chairman of the occasion, retired Major-General Ike Nwachukwu, described Nigeria as “a land of immense promise” constrained by poverty amidst plenty. He called for leaders and citizens who would rise above self-interest to pursue the common good.

At the event, Davina Phillips, winner of the Mike Okonkwo Essay Competition, received a cash prize of ₦1 million.

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BIG STORY

Nigeria Politics Is About Betrayal – I Witnessed It In 2015 — Goodluck Jonathan

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Former President Goodluck Jonathan has said that betrayal is a common feature of Nigerian politics, recalling his experience during the 2015 general elections.

Jonathan spoke on Thursday at the 70th birthday celebration of Mike Oghiadomhe, former Edo deputy governor, in Benin, the state capital.

“Politics in the Nigerian standard is about betrayals. I witnessed a lot of betrayal during the 2015 election,” Jonathan said.

He noted that many politicians lack consistency, adding that few can be trusted.

“You will find it difficult to see somebody who will say the same thing in the morning and say the same thing in the afternoon and in the evening,” he said.

“They will tell you something this minute, and in the next hour, they will say another. But, I am quite pleased to associate with Oghiadomhe.”

The former president praised Oghiadomhe as a dependable ally, describing him as someone who would “take a bullet” on his behalf.

“For me, he is somebody you can take his words to the bank. Most politicians, you cannot take their words to the bank,” Jonathan added.

Oghiadomhe, who served as Edo deputy governor between 1999 and 2007, was Jonathan’s chief of staff from 2010 to 2014.

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