Wema Bank Denies Wrongdoing in Gulf Bank Legacy Property Dispute

Thisdaylive | 18-05-2026 02:17pm |

Wema Bank Plc has formally rejected allegations concerning its involvement in the sale of properties located in Banana Island, which are purportedly associated with the defunct Gulf Bank Plc. The bank characterized recent media reports on this issue as misleading and inaccurate. Wema Bank emphasized its commitment to transparency and adherence to legal standards in all its transactions. The institution is prepared to address any inquiries related to the matter as it seeks to clarify its position.

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