News
Wema Bank Shines at Global SME Finance Forum Conference Awards 2024

- SME Financier of the Year (Africa)
- Platinum Award for Best Financier for Women Entrepreneurs (Africa)*
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has received two awards of excellence at the Global SME Finance Forum Conference Awards 2024 which held in São Paulo, Brazil between September 16 & 18, 2024. The awards received are SME Financier of the Year (Africa) and Platinum Award for Best Financier for Women Entrepreneurs (Africa).
The Global SME Finance Forum is the world’s leading, technically oriented and geographically diverse platform focused solely on scaling SME financing worldwide. Managed by this Forum, The Global SME Finance Forum Conference Awards is dedicated to acknowledging the effective and successful practices of financiers across the world, honouring the innovative products and services these financiers create for SMEs, recognising the impressive results in expanding finance and services to SMEs, and celebrating these exceptional financial institutions. Wema Bank emerged Africa’s top financier not just for the general SME landscape but also particularly for women-owned SMEs, at the 2024 edition of the annual Global SME Finance Forum Conference Awards.
Reputed as the Bank of choice for Micro, Small and Medium Enterprises (MSMEs), Wema Bank received recognition for its commendable track record of developing innovative, sustainable and significantly impactful products, services, solutions and opportunities for businesses of all sizes across Nigeria. The Bank’s impact ranges from affordable financing options and seamless payment collection solutions to access to market, digital solutions for efficient business operation and management, SME Advisory services, and a vast range of products tailored to the needs of businesses across every part of Nigeria. Through its women-focused proposition, SARA by Wema, Wema Bank continues to tailor its SME offerings specifically for women, helping these women build sustainable businesses and access the resources needed to scale and thrive. The Bank further supports overall growth and well-being of these women with affordable to free healthcare packages. It is beyond doubt that Wema Bank is indeed deserving of its recognition as Africa’s top financier for SMEs and particularly, women entrepreneurs.
Expounding on the Bank’s glaring commitment to empowering MSMEs, the MD/CEO of Wema Bank, Moruf Oseni, articulated the big picture for the Bank. “MSMEs make up the bulk of Nigeria’s economy and they are critical to not only mitigating unemployment and other macroeconomic challenges but also promoting innovation and significantly boosting the economy towards national development. At Wema Bank, we recognise the potential that MSMEs hold as well as the challenges that threaten the maximisation of this potential, and we have made a lifelong commitment to providing viable, seamless, accessible, affordable, reliable and effective solutions tailored to the needs of businesses of all sizes across Nigeria; especially women-owned businesses. There is a rising need for intentionally inclusive empowerment strategies in not only stimulating growth in the SME sector but also bridging the gap in gender equality, and we have undertaken the responsibility of fulfilling that need. As a Bank, our mission is to empower lives through innovation, and as always, we will continue to seek more effective ways to empower businesses for optimal productivity and sustainable growth”.
“We are honoured by the global recognition accorded to us by the Global SME Finance Forum and as we receive these awards, we reiterate our commitment to providing businesses with the resources they need and a bouquet of intelligent solutions that mitigate prevalent challenges and make business management and operation seamless, maximally profitable and efficient. Thank you to the Global SME Finance Forum for the acknowledgement, and also to our valued customers who continue to entrust the future of their businesses and their financial well-being in our hands. This prestigious recognition honours our unwavering commitment to empowering SMEs and fostering innovation in SME finance, further fuelling our drive to consistently go above and beyond in accelerating growth for SMEs and delivering optimum value to every stakeholder. We are indeed the Bank of choice for MSMEs and women across Nigeria, and we will never relent in empowering women to thrive and businesses to scale regardless of economic fluctuations”, Oseni remarked.
Wema Bank continues to raise the standards of banking and financial services in Nigeria, demonstrating a commitment to generating positive impact across diverse verticals, a dedication to exceeding expectations and a passion for empowering lives and businesses for success.
Businesses interested in accessing the Bank’s tailored range of finance options and business-centric solutions are encouraged to visit https://wemabank.com/smes or send an email to smehelpdesk@wemabank.com to get started.
News
N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

Indications emerged that the personal Assistant to the Secretary to the Government of the Federation, SGF Senator George Akume, Hon. Andrew Torhile Uchi, is currently in the facility of the Economic and Financial Crimes Commission, EFCC over allegations bordering on corruption, bribery and money laundering amounting to a whooping N10 billion.
A highly placed source at the Commission yesterday, confirmed to our correspondent that the embattled Uchi was invited by the operatives of the Commission on Monday, upon a petition received by the anti-graft agency over Alleged properties he acquired in Abuja, Jos, Makurdi, Gboko and Wannune in Tarka, local government Area of Benue State amounting to over N6 billion.
According to the source, further investigations so far, has revealed that between December 2023 to date the anti-graft agency has been able to trace a whooping N1.6 billion that was allegedly used in buying purch cars through four new generations banks to nine car dealers in Abuja, Kaduna, Lagos, Jos and Makurdi respectively.
The source further added that two Bureau de change operatives are currently been investigated by the Commission, over their alleged involvement in the scam, owing that most of the funds credited to embattled Torhile Andrew Uchi, emanated from their coys.
He said that the Commission is currently working towards getting a court nod to widen the scope of their investigations to the properties in Abuja, Jos and other part of the country to ascertain the source of the income and how the properties were allegedly purchased.
As of the time of filing in this report Mr. Uchi, is still in custody of the Economic and Financial Crimes Commission, EFCC, telling the dreaded operatives of the Commission how he allegedly got the funds which is largely believed to be proceeds from bribes.
Efforts to reach the spokesman of the Commission, Mr Dele Oyewale, proved abortive as his phone lines was said to be switched off.
News
Natasha suspended solely for unruly behaviour – Senate tells IPU

The Nigerian Senate has formally responded to Senator Natasha Akpoti-Uduaghan’s complaint to the United Nations Inter-Parliamentary Union (IPU), refuting allegations that her suspension was linked to claims of sexual harassment.
According to Vanguard, Senator Natasha had petitioned the global body, seeking intervention over what she described as an injustice against her.
However, in a letter signed by Senate Leader Opeyemi Bamidele, the Senate insisted that her six-month suspension was due to “gross misconduct and unruly behavior”, not allegations of sexual harassment or assault.
The letter, read by Hon. Kafilat Ogbara, Chairperson of the House of Representatives Committee on Women Affairs and Social Development, stated:
“The authority of the Senate of the Federal Republic of Nigeria firmly refutes the deliberate misinformation and false narrative being circulated by certain media organisations regarding the six-month suspension of Senator Natasha-Akpoti-Uduaghan.”
It further emphasized that “Senator Uduaghan was suspended solely for her persistent act of misconduct and disregard for the Senate Standing Orders.”
Additionally, the Senate called for a thorough investigation into the allegations she raised against Senate President Godswill Akpabio, maintaining that all due procedures were followed before her suspension.
Senator Natasha, however, vowed to continue her fight against “injustice”. Meanwhile, Senate President Akpabio has denied the accusations, asserting that he has never assaulted any woman.
The dispute between the two lawmakers intensified on February 20, 2025, after Natasha’s seat was changed during plenary. Their tensions date back to July 2024, when Akpabio rebuked her for alleged misconduct, telling her the Senate was “not a nightclub where anybody can talk anyhow.” He later apologized for the remark.
News
Gov Okpebholo recalls Edo Attorney General, Osagie, from suspension

Edo State Governor, Senator Monday Okpebholo, has reinstated the Attorney General and Commissioner for Justice, Hon. Samson Osagie, exactly 37 days after his suspension.
A letter addressed to Osagie by the Secretary to the State Government (SSG), Umar Ikhilor, Esq., and marked SGA. 15/NOL.XV111/215, conveyed the governor’s directive. The letter, dated March 12, 2025, and released at 8:15 p.m., stated that an investigative panel had exonerated Osagie of alleged financial infractions.
The letter read: “Having considered the report of the Investigative Panel set up by Government to investigate allegations of financial infractions reported against you, which has exonerated you from the said allegations, I write to convey the directive of the Governor of Edo State, His Excellency, Senator Monday Okpebholo, that you resume duties as the State Hon. Attorney General and Commissioner for Justice with effect from 12th March, 2025.”
Reacting to his reinstatement, Osagie expressed appreciation for the governor’s leadership, describing the decision as a testament to Okpebholo’s sincerity and vision for Edo State.
“I appreciate his sincerity of purpose and vision for the state. This is a clear indication that His Excellency, Sen. Monday Okpebholo, means well for the state. I use this medium to reiterate my commitment and loyalty to him and his administration,” Osagie said.
He further pledged to support the governor in advancing Edo State, emphasizing his dedication to ensuring progress and recovery in the state’s governance.
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