WEMA Bank MD, Ademola Adebise In Fresh Trouble Over N1 Billion Money Laundering

WEMA Bank MD, Ademola Adebise,
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WEMA Bank MD, Ademola Adebise has been indicted for using the customer’s account to lauder over N1 Billion.

News Online learned that Ademola Adebise who is the Managing Director and CEO of Wema Bank and other members of his staff has been involved in an N1 billion money-laundering scandal.

This online news medium understands that the financial institution was which was recently indicted in an alleged money laundering case involving Dana Air is currently facing a fresh fraud case with its Managing Director (MD), Ademola Adebise allegedly in the forefront of the allegation.

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At a time when the government of President Muhammadu Buhari is fighting corruption headlong, Adebise and some of his top management staff have been alleged of leading a money-laundering ring in Nigeria.

Check Out =>  UI Releases of 2020/2021 Post-UTME Results

The current case could be likened to a scene from a mafia movie, as Adebise is said to have allegedly threw all caution to the wind in a fraud allegedly estimated to be in the tune of N1bn.

Reports in the media detailed how the Wema Bank MD smartly laundered the said amount using the account of an innocent customer without his consent.

Check Out =>  UI Releases 2020/2021 Post-UTME Results

The scam as it has been widely reported is part of a grand plan to dispose of the owners of popular hospitality and entertainment facility located in Maryland which is currently under the receivership of Kunle Ogunba (SAN) and the subject of litigation.


A source told our correspondent that WEMA Bank MD, Ademola Adebise, and his cohorts have been invited by EFCC.


Reacting to the fraud allegation involving the Bank GMD, E-Nigerian Publishers, queried how “a man who hardly could deposit N300,000.00 in his account has suddenly credited a sum of 1Billion Naira without an alert or any form of notice”, all thanks to Wema Bank Boss and his team.

Check Out =>  UI Releases of 2020/2021 Post-UTME Results


More details coming up soon……


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