Wema Bank has taken the lead in cushioning the effect of the country’s economic downturn by providing a support system for its customers to thrive economically and financially.

 
Speaking yesterday at the launch of Wema Bank 5for5 promo season three, Wema’s Executive Director, Tunde Mabawonku assured that the financial institution will continue to seek innovative ways to give its customers the liberty to bank at their own convenience.
  
The Promo is an avenue for Wema customers to win N90, 000,000 over a span of 10 months, and they stand a chance to win even more than once. Mabawonku stated that when the 5 for 5 promo was first introduced, the bank had envisioned the level of impact that it would have in different parts of Nigeria and their expectations had been fully exceeded.
   
Mabawonku said the testimonials the bank has received from various ages have been massive and deeply emotional. He explained that the Wema Bank 5 for 5 promo was launched in 2021 and has recorded over 1000 winners, some winning as much as N1million.

“From the young entrepreneur trying to establish a business to the mother struggling to fund her child’s education to the man who has lost all hope in his quest to make a living, the 5 for 5 promo has definitely gone above and beyond. It has become a support system for many. We are proud to have been able to impact lives on such a level and we’re hopeful for what the future holds.
  
“Our customers have always been our priority and we have stayed committed to improving the quality of their lives and providing first-class financial services to all Wema bank customers, regardless of age, location or financial capacity—and this commitment to our customers drives everything we do, from our products to offerings, events, partnerships and more. It is no surprise that the first fully digital bank in Nigeria, ALAT, is Wema Bank’s brainchild.”

 
On his part, Divisional Head of Retail Banking, Ayodele Olojede, stated that service is an important factor for the bank, and it should be rewarded.
  
“It is this motive to reward that has led to the creation of the Wema Bank 5 for 5 promo. We see the numbers and we know we have a loyal customer base, so it’s important to us that we show our appreciation to the customers from time to time.
 
“We reward active Wema Bank customers and we measure level of activity based on transactions and funding of accounts. So, every transaction takes you a step closer to winning, whether you’re using your Wema Bank or ALAT Debit or Credit card, your ALAT app or USSD banking, which you can access by just dialing *945#.”
  
He adds: “We’re holding weekly and monthly draws. The weekly draws are basically a “giveaway,” 50 people will receive 5k in each draw, just a small gesture to appreciate more of our customers.
  
“The monthly draw is the star of the show. Hundreds of Wema Bank customers in different parts and regions of Nigeria, will win cash prizes ranging from N10,000 to N1,000,000.
  
“Each month, we’ll take the draw to a different region of Nigeria and since we’re making two millionaires monthly, the twist is that one of those millionaires every month will come from the location we’re holding the monthly draws in. 
  
“For example, we’re holding our first monthly draw in Lagos. Different Wema Bank customers from every part of Nigeria will still win in this draw—remember, we have various cash prizes. So, someone in Owerri can still win up to N1,000,000 in that draw.”