Wema Bank Set to Celebrate 80th Anniversary in Grand Style
As excitement mounts, Wema Bank gears up to commemorate its 80-year legacy on May 2, 2025, in a spectacular celebration in Lagos, the birthplace of this venerable institution. This event marks a significant milestone for Nigeria’s oldest indigenous bank, renowned for its pioneering spirit and innovative contributions to the financial sector, including the launch of Africa’s first fully digital bank, ALAT.
Founded as Agbonmagbe Bank Limited on May 2, 1945, by the Late Chief Matthew Adekoya Okupe, his wife Regina, and family friend Reverend Alade, Wema Bank emerged during a time when banking services were primarily for colonial authorities and expatriates. It courageously filled the gap in financial accessibility by offering tailored financial solutions that empowered indigenous Nigerians and fostered local businesses.
Wema Bank’s history is a testament to remarkable resilience and an unwavering commitment to adapt and thrive through the challenges of eight decades. Beginning its journey in a modest room at Agbonmagbe Lodge in Yaba, Lagos, it has transformed into Nigeria’s longest-standing indigenous bank and a beacon of innovation in the banking industry.
The bank’s remarkable evolution is a striking example of how Nigerian enterprises can endure, innovate, and continue to provide value to their customers and the nation. Wema Bank has consistently championed financial inclusion, offering comprehensive services to underserved populations and playing a pivotal role in advancing the FinTech scene by not only launching ALAT but also providing a secure platform for other FinTechs to thrive.
As Wema Bank approaches its 80th anniversary, anticipation is palpable for the grand celebration that promises to be the most distinguished corporate event of the year. While specific details remain under wraps, insiders hint at a star-studded gathering that will unite generations of Nigerians for an unforgettable evening filled with reflection, celebration, and elegance, all under the theme of timeless sophistication.