According to reports, Adebise, who took over as the GMD of Nigeria’s oldest indigenous bank in 2020, is quitting the position for personal reasons.

Moruf Oseni, the bank’s Deputy Managing Director, will serve as the MD up until further notice.

He held the position of Deputy Managing Director of Wema Bank since January 2017 before his appointment on October 1st, 2018.

Oseni was appointed Deputy Managing Director on October 1, 2018.

Adebise has been a key player in the execution of the bank’s strategic turnaround strategy since joining the executive management team in 2009.

He has over 28 years of experience in the banking industry (inclusive of 4 years in management consulting), and has worked in various capacities in Information Technology, Financial Control & Strategic Planning, Treasury, Corporate Banking, Risk Management, and Performance Management.

Before joining Wema Bank Plc. Adebise was the Head, Finance and Performance Management Practice at Accenture (Lagos Office), where he led multiple successful projects for banks in

Business Process Re-engineering, Information Technology, and Risk Management.

Alawuba is to oversee all the Group’s banking operations across its 20 African country network and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates.

According to the bank, the appointment takes effect from August 1, 2022, subject to approval by the Central Bank of Nigeria (CBN).

Alawuba joined UBA in 1997 and has held a series of senior positions, including as the CEO of UBA Ghana, the CEO of UBA, Africa and most recently as Group Deputy Managing Director.

Tony Elumelu, group chairman, UBA Group said:

‘I am very pleased to announce Oliver Alawuba as the new Group Managing Director of the UBA Group. Oliver has extensive experience in Nigeria and our African network and is well equipped to advance our pan-African and global strategy.

“I have no doubt that Oliver will build on the legacy of Kennedy Uzoka, who has exemplified transformational leadership by championing a customer-first philosophy; launching our twentieth operation in Africa, UBA Mali; acquiring a wholesale banking licence for UBA UK in the United Kingdom and opening our fourth global operation, UBA Dubai, in the United Arab Emirates.”