
Fear Grips Wema Bank Depositors As Financial Institution Reports Over ₦8 bn Loss To Fraud, Litigation
LAGOS JANUARY 15TH (NEWSRANGERS)-Depositors at Wema Bank are expressing concern following the bank’s announcement of a significant financial setback. The tier 2 lender, led by Moruf Oseni, revealed a loss of over ₦8 billion to litigation and fraud in 2023. The disclosure was made in the financial statement presented to the Nigeria Exchange Group, as…