Telecom
Wema Bank Unveils Moruf Oseni as New CEO as Adebise Retires

Wema Bank Plc has announced the retirement of its Managing Director/CEO, Ademola Adebise.
He will be proceeding on terminal leave from January 2nd, 2023 after over 13 years of meritorious service on the Board of the Bank. He will be succeeded by Moruf Oseni, currently the Deputy Managing Director.
Ademola Adebise was appointed as the Managing Director/Chief Executive Officer of Wema Bank Plc in June 2018. He joined the Bank in June 2009 as an Executive Director and rose to become the Deputy Managing Director in 2015.
Under his leadership, he expanded the bank’s footprints to other locations in Nigeria, he improved the performance of the Bank and spearheaded the first dividend payment in 13 years, since then, he has ensured consistent dividend payment over the last four years.
The Bank has grown its Total Assets by 155%, from N470 billion to over N1.2trillion. Deposits also grew by 214% from N350 billion to N1.1 trillion. He initiated the partnership with Bank of Africa to support its customers across the African continent which has increased the Bank’s market share and customer base. All these led to an additional growth of 2 million customer accounts in Nigeria and a market share of 3% of industry volumes. The Bank is now the leading collection bank for state and government agencies due to its effective and efficient platform. The Bank’s rating by agencies was upgraded to BBB investment grade.
The Bank significantly changed the digital landscape through the ALAT platform. The innovative platform also came tops in the KPMG Digital Scorecard for leading retail banks in Nigeria and this was based on in-depth insights into the state of user experience on retail banks’ digital channels.
Furthermore, the Bank launched the first SME Business School for capacity building and empowerment
for SMEs – this has benefitted over 20,000 small businesses. The Bank also became one of the founding members of the United Nations Environmental plan for financial institutions (UNEP- FI) and continues to provide digital solutions for societal impact.
The Chairman of the Board, Mr. Babatunde Kasali on behalf of the Board and Management expressed its profound gratitude to Ademola for his service and wish him the best in his future endeavours.
Further, Wema Bank Plc also announced the appointment of Mr. Moruf Oseni as the Managing
Director/CEO subject to the approval of the Central Bank of Nigeria.
Moruf Oseni joined Wema Bank in June 2012 as an Executive Director. He has over 25 years of experience with more than 16 years at Senior and Executive Management levels. Moruf Oseni was an Executive Director for 6 years and Deputy Managing Director for the last 4 years and has demonstrated capacity to lead the Bank.
He presently has responsibility for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and the Technology Divisions. Moruf is also the Executive Compliance Officer of the Bank. He supervised the launch of ALAT – Nigeria’s 1st digital Bank that has received local and global awards and multiple accolades. Before joining Wema Bank, Moruf was the CEO of MG Ineso Limited, a principal investment and financial advisory firm. Prior to MG Ineso, Moruf was a Vice President at Renaissance Capital, and an Associate at Salomon Brothers/Citigroup Global Markets in London.
Moruf holds an MBA degree from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MiF) from the London Business School and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU), Ile-Ife, Nigeria. He is also an alumnus of both the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.
Other Board appointments include:
Wole Akinleye: Appointed as the Deputy Managing Director. Wole has over 32 years Banking experience. He presently oversees Corporate Banking and South West Business Directorate for the Bank.
A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Wole is an alumnus of the Advanced Management Program of the Harvard Business School. He obtained his first degree in Accounting from Obafemi Awolowo University in 1989 and subsequently, a master’s degree in Business Administration (Finance) from the same University.
Tunde Mabawonku: Appointed as Executive Director. He has over 23 years of experience and is presently the Chief Finance Officer and the Divisional Head of Finance & Corporate Services. Tunde has a Master’s in finance from the London Business School and a first degree in Economics from University of Ibadan.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) & Chartered Institute of Taxation of Nigeria (CITN) and is an Honorary member
of the Chartered Institute of Bankers (HCIB). He has also attended several Senior Leadership programs.
In conclusion, the Board of Directors are confident that the appointment of the Executives will lead to the continued transformation and growth of the Bank, particularly as the Bank
positions itself as a market leader in Nigeria’s retail banking segment through technology and innovation.
The appointments take effect from April 1, 2023 and are subject to the approval of the Central Bank of Nigeria and other regulatory authorities.
Telecom
MTN Urges Nigerian to Regards Telecom Infrastructure as National Assets

Ikenna Ikeme, general manager of Regulatory Affairs at MTN Nigeria, has called on citizens and authorities to regard telecommunications infrastructure as vital national assets rather than merely the property of telecom providers.
Ikeme made these remarks while sharing his perspective as a member of the telecommunications industry and his experience in the regulatory field with participants of the MTN Media Innovation Programme in Lagos.
Highlighting the urgency, Ikeme stated that network infrastructure is often targeted during disputes with telecom companies, leading to deliberate acts of vandalism or service disruptions.
He stressed that such critical assets deserve the same level of protection as any essential national facility, arguing, “You cannot destroy national infrastructure or shut it down whenever there is a grievance.
With the protection of the government, the current administration has declared telecommunications infrastructure as critical national infrastructure, deserving of this level of security. “
Ikeme expressed optimism that this development would reduce destructive incidents and foster a more stable environment for telecommunications services.
Looking ahead, Ikeme reaffirmed MTN’s commitment to long-term investment in Nigeria, stating that, ‘we intend to remain, to grow, and to keep contributing positively to the nation’s development.’
In closing, Ikeme touched on the evolving landscape of telecommunications in Nigeria, noting the importance of media support in promoting constructive narratives.
Telecom
Bitget Launches $6M Global Crypto Trading Contest with New Competitive Segments

Bitget, a cryptocurrency exchange and Web3 company, has launched its annual global trading competition with a total prize pool of six million USDT.
In a statement made available to our correspondent on Sunday, the company disclosed that the contest includes new segments such as team battles, bot trading, copy trading, and on-chain trading. Participants from over 100 countries are expected to join the competition.
According to Bitget Chief Executive Officer Gracy Chen, the event is designed to promote community participation and trading activity across multiple formats. She said the competition will include region-based leaderboards, early registration rewards, and opportunities for top traders.
Chen said, “Every year during KCGI we witness traders across the globe strategise, synchronise, and innovate. There’s a lot of community and teamwork involved; KCGI is our way of showing gratitude to our top traders. That said, we’re excited to kick off this year’s competition with six million USDT up for grabs and a range of dynamic challenges ahead. We’re inviting our community to lead, win, and shape the future of trading.”
She noted that participants may get rewards beyond trading performance, including access to LALIGA matchdays, MotoGP passes, and other non-cash prizes.
The competition introduces four main categories: Team Battle, Copy Trading Showdown, Bot Trading Competition, and On-chain Arena. Each category focuses on a different aspect of digital asset trading and strategy execution.
“The official Team Battle segment begins July 24, but the smart money moves early. Traders who register now not only secure their seat, but they also set the tone for the event. Get in early. Build your team. Shape the leaderboard. KCGI 2025: This isn’t just trading; it’s a full-on battle with rewards.” She said.
Telecom
Operators Seek Action Over Persistent Vandalization of Telecommunications Infrastructure Across Nigeria

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has expressed deep concern over the increasing wave of vandalization and theft of telecommunications infrastructure across the country.
According to a statement signed by Engr. Gbenga Adebayo, chairman, ALTON, “since the Federal Government’s decisive interventions earlier this year to support industry sustainability, our members have committed unprecedented levels of investment in network optimization and capacity upgrades. New systems are being deployed, transmission equipment modernized, power systems overhauled, and thousands of kilometers of fiber optic networks currently being laid and expanded.
“Our industry has not seen this scale of investment in recent years. We are working round the clock to improve the quality of service nationwide and we cannot afford these setbacks.
“Unfortunately, between May and July, 2025, multiple incidents of vandalism were recorded across cell sites in Rivers, Ogun, Osun, Imo, Kogi, Ekiti, Lagos, Federal Capital Territory Abuja and many other states.
“These acts of sabotage have significantly disrupted network services, causing widespread connectivity blackouts leading to degradation of services and severely impacting millions of subscribers”.
He noted that, the affected infrastructure, primarily belong to ALTON members, as well as other network operators and those who depend on operators for connectivity.
He said identified critical components targeted to include; power cables, rectifiers, fiber optic cables, feeder cables, diesel generators, batteries, and solar systems are vandalized and stolen from active sites.
“These are not mere materials, but they are the backbone of our digital economy, security systems, and national communications grid.
“We are alarmed at the frequency, intensity, and geographical spread of these incidents. States such as Delta, Rivers, Cross Rivers, Akwa Ibom, Ogun, Ondo, Edo, Lagos, Kogi, FCT, Kaduna, Niger, Osun, Kwara and Federal Capital Territory, Abuja have recorded the highest number of attacks on telecom infrastructure. These attacks have led to prolonged downtimes, network congestion, widespread blackouts, and degradation of service quality.
The public he said, must be reminded that telecommunications infrastructure is classified as Critical National Infrastructure (CNI) under the National Security framework. This classification is backed by Federal Government Gazette No. 133, Volume 108, dated 17th March 2021. Vandalism, sabotage, or illegal possession of these assets is a serious criminal offense with grave consequences.
ALTON expressed concerned about the rising market for stolen telecom equipment, such as:
– Power Cables, Power rectifiers, which are stolen from base station and sold into open markets
– Batteries which are stolen from base stations and sold for home and office inverters.
– Solar panels that are stripped from telecom sites and resold to unsuspecting households.
– Diesel fuel being siphoned from sites and traded on the grey market.
“We urge the public to be vigilant and refrain from purchasing suspicious items. If you buy stolen telecom equipment, you are not just complicit you are part of the crime.
We appeal to every Nigerian to please join us in the fight against the vandalization of telecom infrastructure.
“These assets serve us all, they enable our banking systems, security infrastructure, emergency response, education, health services, and the very platforms that power daily communication. An attack on telecom infrastructure is an attack on our economy and our security.
“A second, recurring and deeply worrying issue is the widespread damage to underground fiber optic cables caused by road construction and related civil infrastructure projects along major highways and urban roads. These activities have led to significant service outages and financial losses,” he added.
ALTON called on: – the Office of the National Security Adviser (ONSA), the Inspector General of Police, the Director General, Department of State Services (DSS), and the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC)
to immediately deploy the necessary resources to protect telecommunications infrastructure and prevent a total breakdown of communications across the country.
“We commend the Nigerian Communications Commission (NCC) for its proactive efforts in safeguarding national telecom infrastructure, particularly through the creation of a dedicated reporting portal.
“This initiative empowers citizens to play an active role in protecting critical assets by reporting incidents of vandalism or suspicious activity via protect@ncc.gov.ng or by dialing 622.
“Such forward-thinking measures are vital to ensuring the resilience and security of our communications network. This is a desperate and urgent hour. The industry cannot fight this battle alone. We need coordinated national action by the security agencies, the government at all levels, regulators, the media, civil society, and the public. Our national security, economic stability, and digital future depend on it,” the statement noted.
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