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Wema Bank Plc Appoints Abubakar Lawal and Ramesh Hatharaman as Directors

By on October 3, 2011

Wema Bank Plc has appointed two directors. they are Mr Abubakar Lawal and Mr Ramesh Naraindas Hatharaman.

It also elevated 100 employees and sacked others  due to non-performance.

The new appointments, according to a statement from the bank, “is an indication of the bank’s continued commitment to the sustenance of good corporate governance and its transformation agenda stands to boost the bank’s existing Board Structure as they bring with them quality experience and expertise having distinguished themselves in various endeavors and have made significant contributions to the growth of the nation’s economy.”

This brings to seven, the total number of directors on Wema Bank’s Board.

Speaking on the appointments, Mr Segun Oloketuyi, Managing Director of the Bank said: “The appointments were part of the Bank’s short to medium term strategic plans to enable it to meet the demands of modern banking for the Bank to effectively compete with other top industry players.”

He said the Bank will continue to make significant investments in its people, processes, Information Technology and other structures to drive its goal of becoming a foremost provider of banking services in Nigeria.

Oloketuyi further said the transformation, which started a little over two years ago, has also witnessed the  resignation of a few staff, which has inadvertedly also provided opportunities for the bank’s growing dynamic younger workforce to exploit their potential in contributing to the growth and success of the bank.

  • Newbieventurer

    The sacked workers were not paid their entitlements immediately and most was sacked through telephone calls,thus the suicide of one of them,a Mr Martins at Magboro area of Lagos State.Segun Oloketuyi is not a good leader with his highhandedness of issues concerning the welfare of employees especially the old workers pre-consolidation of the Bank for he always show his hatred for them at all times and they are the workers retrenched.