Wema Bank Plc has denied money laundering and bribery allegations levelled against some members of its management team.
In a statement, the bank’s Marketing Communications & Investor Relations Department said media reports on money laundering and alleged bribery against certain transaction against its employees are baseless.
It said: “The publication mentioned certain Wema Bank management staff allegedly involved in the transaction. The bank states that there is no merit in the article, and it is a malicious publication against members of our staff and customer.”
The bank added that the allegations are peddled by an aggrieved third party, who voluntarily released his property to be used as part of the collateral to secure a loan obtained by the bank’s customer.
It reads: “… 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 of N1.7 billion 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.”