Odu’a Investment Company Limited has lauded the dramatic removal of the former Managing Director of WEMA Bank Plc, Mr Adebisi Omoyeni by the Central Bank of Nigeria (CBN), describing it as a ‘decisive action.’
In a statement signed by the Media Relations Manager of the conglomerate, Mr. Victor Ayetoro and made available to newsmen on Sunday, the group stated that the CBN action could not have come at a better time.

According to the Mr. Adebayo Jimoh-led management team of the conglomerate, the quick intervention of the apex bank has further reinforced the confidence of all stakeholders in the financial sector of the economy on the capacity of CBN at ensuring that banks were run professionally in line with the Banks and Other Financial Institutions Acts (BOFIA). While expressing its gratitude to the outgoing Acting Managing Director, Mr. John Aboh, for the courageous and brilliant ways he steered the ship of the bank, Odu’a management also prayed for the erstwhile helmsman God’s guidance and blessings in his future endeavours.

Odu’a conglomerate urged the new Managing Director, Mr Layi Alabi and his team to work hard with the aims of restoring stakeholders’ confidence, especially Customers’ and Depositors’ of the bank for continued patronage.

“It is the prayer of all stakeholders that his tenure will witness appreciable transformation that will move the bank to a greater height”, part of the statement stated.
The conglomerate, therefore, solicited maximum support of other stakeholders of the bank for the new management team so as to jointly move the bank to the next level.
As a stakeholder, Odu’a appealed for renewed confidence of both existing and prospective customers of the bank and assured them that WEMA Bank Plc will discharge its duties in line with the Central Bank of Nigeria directives with full respect for corporate governance.