Court strikes out N1.7bn suit against Wema Bank

 

IKEJA, Lagos, Nigeria – A  magistrate court sitting in Ogba, Ikeja, Lagos has struck out a suit marked MIK/B/6/2022 between Commissioner of Police Vs Adewole Isaac & Kingsley  Ananwude, who are staff of Wema Bank  for  alleged  stealing and money laundering  involving N1.7 billion .

Magistrate   A. O Layinka struck out the suit following advice from the Department of Public Prosecution, DPP that no prima facie case has been established against the defendants.

The banks therefore urged members of the public to ignore  any information to the contrary in  in the media,  adding that there is no merit in any article under circulation which contravenes proceedings of the magistrate court.

“The bank wishes to state categorically that  there is no  merit in the article and it is a malicious publication against  members of staff and the bank’s customers”.

It added an aggrieved third party in the name of Timi Popoola voluntarily released his property to be used as part of collateral  to secure a loan obtained by the bank’s customer.

Wema Bank is the pioneer of Africa’s first fully digital bank, ALAT, and one of Nigeria’s most resilient banks. With decades of experience in the business of banking, the Bank has remained innovative in delivering value to its stakeholders.

The publicly quoted Nigerian company has successfully built a legacy of trust and resilience that has won it the loyalty of its customers.

The Bank is constantly introducing products and services tailored to the needs of its customers at every stage of their lives. It is a proud partner to more than one million individuals, families and businesses across Nigeria, helping them achieve their personal and financial goals.