From Agbonmagbe to Wema Bank: Nigeria’s fifth oldest bank marks 79th birthday

Wema Bank, one of Nigeria’s oldest surviving banks, clocks 79 years today. Its history is one of a rise from humble beginnings to the top of banking in Nigeria. Established by Late Chief Mathew Adekoya Okupe as a private limited liability company under the name Agbonmagbe Bank Limited, it ran branches in Ebute-Metta, Sagamu, Abeokuta,