WorldStage– Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Moruf Oseni, has increased his equity stake in the financial institution after purchasing 3,088,288 ordinary shares worth approximately ₦98.67 million.
According to a formal notification of share dealing by insiders signed by Company Secretary/General Counsel Johnson Lebile and submitted to the Nigerian Exchange Limited (NGX) on September 25, 2026, the transactions were executed on the trading floor in Lagos across two consecutive trading sessions.
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Breakdown of the Share Acquisition:
First Tranche (Sept 23, 2026): 3,067,578 ordinary shares acquired at ₦32.00 per share (totaling ~₦98.16 million).
Second Tranche (Sept 24, 2026): 20,710 ordinary shares acquired at ₦31.90 per share (totaling ~₦660,649).
Aggregated Volume: 3,088,288 ordinary shares.
Volume-Weighted Average Price: ₦31.95 per share.
The open-market purchases reflect strong insider conviction and executive leadership alignment with the bank’s ongoing capital expansion and strategic direction.
