Wema Bank Debunks Media Reports, says Ekiti State Government Did Not Sell Its Shares In The Bank

Wema Bank Plc has debunk and described as misleading the earlier reports in some session of the media stating that Ekiti State Government had sold its Shares in Wema Bank.

In a statement addressing the reports being circulated on some media, the Head, Marketing, Corporate Communications and Investor Relations, Wema Bank Plc, Funmilayo Falola, stated that, “The attention of the bank has been drawn to some misleading reports in the media which state that Ekiti State Government has sold some of its shares in Wema bank Plc thereby reducing its holdings in the bank.”

“We wish to state that this report is not correct and should be disregarded by the public. Ekiti State Government only transferred its shares to the State investment company and are still the ultimate owners of the mentioned units of Wema Bank Plc shares.”

Falola further revealed that, “Ekiti State Government is also a part owner of Odua group which is a core shareholder in Wema Bank Plc.”