WorldStage– In a notable show of confidence in the financial institution’s growth trajectory, the Managing Director and Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has purchased over 13.1 million ordinary shares of the bank.
According to an insider dealing notification published by the Nigerian Exchange Limited (NGX) and signed by Company Secretary/General Counsel Johnson Lebile, the transaction took place on September 29, 2026, in Lagos.
Transaction Details
Insider Name: Moruf Oseni (Managing Director/CEO)
Issuer: Wema Bank Plc
Instrument: Ordinary Shares (ISIN: NGWEMABANK07)
Volume: 13,132,796 units
Price per Unit: ₦30.10
Total Transaction Value: ₦395,297,159.60
Date & Location: September 29, 2026 | Lagos, Nigeria
The significant share acquisition aligns with regulatory disclosure requirements for insider transactions and reflects key leadership investment in the bank’s long-term capital stability and strategic direction.
