Tag: Ademola Adebise

WEMA Bank MD, Adebise in trouble as Abuja court orders his arrest over alleged forgery, issuance of dud cheques

Jide Ige

For WEMA Bank, its one day, one trouble as a Chief Magistrates’ Court in Wuse, Abuja, has ordered the immediate arrest of the Managing Director of the bank, Mr Ademola Adebisi, over alleged forgery and issuance of dud cheques. A warrant for the arrest of the bank chief was issued on Tuesday following his continued refusal to honour the court’s invitation to appear before it. The court ordered the immediate arrest of Adebisi by the Nigeria Police Force and other security agencies in the country wherever he is found. Chief…

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FG probes WEMA Bank over data breach, illegal accounts

Jasmin Ekua, Banking & Finance

The Nigeria Data Protection Bureau (NDPB) has begun an investigation into Wema Bank’s activities following an alleged data breach and illegal opening of accounts by aggrieved customers of the bank. Mr. Babatunde Bamigboye, head of Legal, Enforcement and Regulations Lead at the NDPB announced the development in a statement on Tuesday. The statement said, “Nigeria Data Protection Bureau (the Bureau) has commenced investigations into reports of a breach of data privacy involving two major data controllers in Nigeria, namely, Wema Bank PLC and KC Gaming Networks (Bet9ja). This is in line…

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