FINANCE

Wema Bank Affirms Adherence, Best-in-Class Governance Processes

Wema Bank Affirms&NewLine;<a href="https&colon;//openlife&period;ng/">OpenLife Nigeria</a> reports that Nigeria&&num;8217&semi;s leading digital bank, Wema Bank Plc, has reassured its stakeholders that it continues to operate with best-in-class governance processes&period;&NewLine;The bank also faulted the premise on which a non-governmental organisation, Transparency Nigeria Group, asked the Central Bank of Nigeria (CBN) to remove its <a href="https&colon;//punchng&period;com/">Managing Director/CEO,</a> describing the call as baseless&period;&NewLine;The bank reassured its customers and stakeholders that it has and would continue to operate with the highest level of corporate governance, following all rules, policies, and procedures&period;&NewLine;&&num;8220&semi;We have no links to any political party and neither are we agents, allies or proxies of any politicians in the country&period; We are a financial institution solely committed to financial intermediation to enable and fast track the socio-economic development of the country,&&num;8221&semi; the bank said&period;&NewLine;The statement further explains that Wema Bank&&num;8217&semi;s observance and strict adherence to due diligence and extant rules and regulations is why it is the oldest surviving indigenous bank in Nigeria&period;&NewLine;&nbsp&semi;&NewLine;&nbsp&semi;&NewLine;&nbsp&semi;&NewLine;&nbsp&semi;&NewLine;&nbsp&semi;&NewLine;&nbsp&semi;&NewLine;&nbsp&semi;&NewLine;