RITE FOODS’ ₦1.6BN TRADEMARK INFRINGEMENT CASE AGAINST MAMUDA BEVERAGES TRANSFERRED FOR REASSIGNMENT

Wema’s “80-for-80 Million Naira” winners with MD/CEO Moruf Oseni during the bank’s 80th Anniversary Gala Night.

Wema Bank, Nigeria’s oldest indigenous financial institution and pioneer of Africa’s first fully digital bank, ALAT, marked its 80th anniversary in grand style with a spectacular gala themed “A Night of Timeless Elegance.” The celebration took place at the prestigious Eko Convention Center on May 2, 2025.

As part of the festivities, the bank rewarded 88 loyal customers with over ₦14 million in cash prizes. Eight customers each received ₦1 million, while 80 others won ₦80,000 each — the culmination of Wema Bank’s widely celebrated “80-for-80” campaign, which ran from April 17 to the gala night.

The highlight of the evening was the personal presentation of dummy cheques by Wema Bank’s Managing Director/CEO, Moruf Oseni, to the newly minted millionaires — a symbolic gesture underscoring the bank’s commitment to rewarding loyalty and uplifting lives.

Commenting on the milestone, Oseni said:

"Celebrating 80 years is not just a mark of longevity, but a testament to the resilience of our brand and the trust placed in us by our customers. Giving back in this manner is our way of saying thank you — because our customers are the heartbeat of our success. Every milestone at Wema Bank is an opportunity to show appreciation and strengthen our bond with the people who make our journey worthwhile."

One of the ₦1 million winners, Kazeem Lawal, expressed his surprise and gratitude:

"I’m still in shock! I came to celebrate with my bank, enjoy the entertainment, and mingle with fellow customers. Hearing my name announced as a winner was surreal. I’m grateful for the surprise and honored to be part of such a historic celebration. Thank you, Wema Bank, for this unforgettable experience!"

The dazzling evening was hosted by veteran Nollywood actor Chief Femi Branch and popular media personality Olive Emodi. The entertainment lineup featured electrifying performances by music legend Ayuba — who also debuted a specially composed Wema Bank anthem — along with star acts including Davido, 9ice, Wande Coal, IB Quake, Yinka Davies, Kehinde Adolo, and the ever-soulful Cobhams Asuquo.

Adding glamour to the red carpet were celebrities and media personalities such as Stan Nze, Deyemi Okanlawon, Teddy A, Folagade Banks (Mama Deola), Jay On-Air, and Morayo Afolabi-Brown.

The event also drew high-profile dignitaries, including:

• Chief Sir Kessington Adebutu
• Governor of Ondo State, H.E. Lucky Aiyedatiwa
• Governor of Ogun State, H.E. Dapo Abiodun
• Chairman of Elizade Motors, Chief Michael Adeojo
• Mr. Temitola Adekunle-Johnson, Special Adviser to the President on Job Creation & MSMEs
• Otunba Bimbo Ashiru, Chairman, Odu’a Investment Company Limited
• Hon. Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim

The 80th-anniversary gala was not only a night of glitz and celebration, but a heartfelt tribute to the customers and stakeholders who have shaped Wema Bank’s legacy. More than a celebration of the past, it was a powerful statement of the bank’s enduring promise — because at Wema Bank, they’re truly “With You All the Way.”