WEMA BANK DEBUNKS CLAIM ON MONEY LAUNDERING AND BRIBERY
Wema Bank Plc has debunked and described as misleading the earlier reports in some session of the media on money laundering and bribery allegations on certain customer’s transaction.
In a press statement e-signed and released to the National Association of Online Security News Publishers, NAOSNP by Wema Bank’s Marketing Communications and Investor Relations Department addressing the reports being circulated on some media, stated that, “The attention of the Bank has been drawn to recent reports in the media on money laundering and bribery allegations on certain customer’s transaction. The publication went ahead to mention the names of certain Wema Bank management staff to be allegedly involved in the said transaction.”
According to the Bank, “The Bank wishes to state categorically that there is no merit in the article, and it is a malicious publication against members of our staff and the Bank’s customer.”
“The said allegations are being peddled by an aggrieved 3rd party, Timi Popoola, who voluntarily released his property to be used as part of the collateral to secure a loan obtained by the Bank’s customer. Specifically, on Tuesday March 15, 2022, the case no. MIK/B/6/2022–Commissioner of Police vs. Adewole Isaac & Kingsley Ananwude, for alleged stealing and money laundering involving N1.7billion was struck out by Magistrate A.O. Layinka (Mrs.) of the Magistrates Court, Ikeja and the defendants discharged following the Legal Advice from the Office of the Director of Public Prosecution (DPP), Lagos State that no prima facie case has been established against
the defendants.”
“We urge the general public to ignore the false information being circulated. The Bank has already  engaged its solicitors to institute appropriate legal action.”
