Wema Bank Plc has refuted reports purporting sales of shareholdings in the bank by Ekiti State Government.
Head, Marketing, Corporate Communications & Investor Relations, Wema Bank Plc, Funmilayo Falola said the reports alluding to reduction in the shareholding of Ekiti State Government in the bank were incorrect and misleading.
According to her, the Ekiti State Government only transferred its shares to the state investment company and thus remains the ultimate owners of the mentioned units of Wema Bank’s shares.
“Ekiti State Government is also a part owner of Odua Group, which is a core shareholder in Wema Bank Plc,” Falola said.
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