• Sat. Mar 25th, 2023

ALAT by Wema Officially Opens Registration for Hackaholics 4.0

ByPeter Oluka

Mar 17, 2023

Wema Bank Plc, a leading innovative bank in Nigeria, has opened application entries for the fourth edition of its tech talent discovery and nurturing project for young Nigerians, Hackaholics 4.0.

The bank’s Executive Director, Digital and Retail Business, Mr. Tunde Mabawonku, announced the opening of entries for the project, stating that Hackaholics is at the heart of the bank’s innovative project for start-ups, just as it redefined experiential banking with ALAT.

Hackaholics 4.0 is focusing on building finance beyond technology, with entries expected to come up with innovative solutions to solve non-finance issues such as government, agriculture, gender violence and how to promote entertainment, among others.

The bank plans to engage 10,000 tech entrepreneurs, produce 5,000 solutions, create six pitch centres, and have almost one million footfalls during the course of the Hackaholics 4.0 campaign.

Mr. Olusegun Adeniyi, he bank’s Chief Digital Officer, said the bank has successfully disrupted the digital banking ecosystem by producing the first digital bank and creating a unique experiential banking with ALAT.

The bank aims to become an ecosystem of platforms, a hub for fintech and other players, and move to the next phase of digital unbundling.

The Hackaholics programme began in 2019, and its scope and teaching have since been expanded.


Mr. Babatunde Mumunii, Wema Bank’  Chief Transformation Officer, said the bank has been involved in creating solutions that solve society’s problems, leveraging the skills of young people to drive innovation.

According to the Banks’ Head of Innovation, Solomon Ayodele, six universities would be covered this year as against three last year.

The universities are Babcock University, Lagos State University (LASU), University of Abuja (UniABUJA), University of Benin (UNIBEN),  Federal University of Tech, Akure (FUTA), and University of Lagos (UNILAG).

How to apply to Hackaholics 4.0 (2)
L-r: Chief Digital Officer, Olusegun Adeniyi; Divisional Head, Brand People, and Culture, Ololade Ogungbenro; Executive Director, Digital and Retail Directorate, Tunde Mabawonku; Head Corporate Sustainability & Responsibility, Abimbola Agbejule; Head Of Innovation, Solomon Ayodele; Chief Transformation and Innovation Officer;Head Brand and Marketing Communications, Mabel Adeteye, and Chief Transformation and Innovation Officer, Babatunde Mumuni, all of Wema Bank Plc, at the launch of ALAT Hackaholics 4.0 press conference held yesterday, Tuesday 14th, March, 2023 in Ilupeju, Lagos.

“We would partner with Microsoft garage, AWS for start-up (Amazon) and Endeavour Africa in facilitating incubation sessions. Applicants should submit entries containing the name of their solution, vertical, summary of their solution, competitors, target customers, team formation, capital investment management, and leadership,” Solomon added.

See how to apply HERE.



Peter Oluka

Peter Oluka is the Editor, TechEconomy. Email: Peter.Oluka@TechEconomy.NG

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