… cites growth of ALAT as a major factor behind the award.
Wema Bank Plc, Nigeria’s oldest indigenous bank and the pioneer of Africa’s first fully digital bank, ALAT, has been named Nigeria’s Best Digital Bank for Consumers 2026 by global financial publication Euromoney.
The recognition highlights Wema Bank’s continued investment in digital banking, customer experience and financial inclusion, strengthening its reputation as one of Nigeria’s leading technology-driven financial institutions.
The Award was presented as part of the annual Euromoney Awards for Excellence, which recognise financial institutions delivering innovation, measurable impact and improved value for customers.
Euromoney cited Wema Bank’s digital transformation journey, particularly the growth of ALAT, as a key factor behind the award. The platform has continued to introduce new features aimed at making banking services more accessible, efficient and convenient for customers.
Speaking on the achievement, Wema Bank Managing Director and Chief Executive Officer Moruf Oseni said the award reflected years of deliberate efforts to create a digital banking experience centred on customers.
“This award is a strong validation of the deliberate investments we have made over the years to build a truly digital bank that puts customers at the centre of everything we do,” Oseni said.
He added that the bank’s approach to innovation focused on solving real customer needs rather than adopting technology simply for its own sake.
“Innovation for us has never been about technology for its own sake. It has always been about creating solutions that make banking easier, faster, safer and more rewarding for every customer,” he said.
A major part of Wema Bank’s digital expansion has been the evolution of ALAT, which now includes features such as voice banking, tap-to-pay services, personalised financial solutions and investment opportunities through strategic partnerships.
The bank has also expanded the use of artificial intelligence-powered fraud monitoring, faster digital account onboarding, customer personalisation tools and agency banking services to improve access to financial services across Nigeria.
Euromoney further recognised Wema Bank’s use of data-driven solutions to provide customers with tailored recommendations across savings, investments and credit products based on individual financial needs.
With more than eight decades of operations in Nigeria’s banking sector, Wema Bank has continued to position technology as a central part of its growth strategy, combining digital innovation with traditional banking expertise.
The Euromoney honour adds to the bank’s growing list of industry recognitions and reinforces its ambition to shape the future of banking through customer-focused solutions, operational excellence and inclusive financial services.
Peculiar Adirika
Peculiar Adirika
Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.
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The Lagos State Emergency Management Agency says a total number of 1,305 cases of road traffic accidents have been recorded in the state since January.
The Permanent Secretary of the Agency, Damilola Oke-Osanyitolu, in a statement on Wednesday said these included 507 vehicle accidents and 798 truck and tanker accidents.
The LASEMA boss added that the agency successfully attended to 6,887 incidents in the last five years of the Governor Babajide Olushola Sanwo-Olu administration from 2019.
The statement read, “During the period under review (January 1, 2023, and March 31, 2024), the agency successfully attended to 1,461 incidents last year between January 1, 2023, and December 31, while 445 incidents were successfully attended in the first quarter of this year, between January 1, 2024, and March 31, 2024, making a total of 1,906 incidents attended by the agency during the period.
“In the period under review, the road accident category ranked second with 507 cases, which comprises 471 vehicle accidents, 19 fallen containers, and 17 others.
“The truck/tanker category ranks first with 798 cases comprising of 519 truck accidents, 19 fallen containers, 221 broken down trucks, 11 others, and 47 fallen truck/tankers.”
Oke-Osanyitolu disclosed further that the fire disaster category ranked third with 213 recorded cases comprising 192 fire incidents, six tanker/truck fires and 15 vehicular fires (cars/BRT buses).
He also stated that the building collapse category recorded 43 cases, comprising 19 collapsed buildings, two impending collapses, 17 partial collapses and five others.
On the explosion category, he noted that the agency recorded nine cases comprising one pipeline, and eight gas explosions, while the spillage/leakage category recorded 10 cases comprising six gas tanker leakages, one diesel tanker leakage and three pipeline/oil leakages.
“The Medical Category recorded 200 cases comprising of two suicides, two attempted suicides, two dead bodies, one missing child and 193 others.
“The marine category recorded six cases comprising one flooding and five capsised boat cases. Air crash recorded one case, while the train accident category recorded two cases.
“Other events category recorded a total of 117 incidents comprising 105 events, two powerline cases, two bridge repairs, one borehole accident, two demolitions and one assault,” the statement added.
Providing data analysis on the cases attended to across the local councils in the state during the months under review., the permanent secretary stated that the densely populated Alimosho LGA, with the largest landmass, ranked first with 319 incidents out of the 1,906 cases successfully attended to by the agency by March 31, 2024.
He also disclosed that Ikeja LGA ranked second with 233 incidents, followed by Kosofe LGA which recorded 180 cases, then Oshodi/Isolo LGA with 153 cases, while Surulere LGA followed closely with 149 cases and Mushin LGA with 129 cases attended by the agency by the end of March 2024.
According to the statement, “Eti-Osa LGA recorded 104 incidents, followed by Apapa LGA with 101 incidents, Lagos Island LGA with 85 incidents, Ikorodu LGA with 84 incidents, Somolu LGA with 65 incidents, Ibeju-Lekki LGA with 63 incidents and Lagos Mainland LGA with 49 incidents.”
“Data further reveals that LASEMA successfully attended 43 incidents in Agege and Epe LGs, 30 incidents in Amuwo-Odofin LGA, 24 incidents in Ifako-Ijaiye, 22 incidents in Ajeromi Ifelodun, 17 in Ojo LGA, 13 outside Lagos, while Badagry Local Government Area did not suffer any emergency occurrence during the duration under review,” he added.
