Former Ogun State deputy governor, Olusegun Adesegun, appointed director by Wema Bank

• Olusegun Adesegun has joined Wema Bank as a non-executive director and will be providing policy decisions to the financial institution
• The former deputy governor of Ogun State will also help Wema Bank with its planning exercise
• Adesegun was twice a former Commissioner for Works and Housing in Ogun state

A former Ogun state deputy governor, Olusegun Adesegun, has been appointed by Wema Bank as a key stakeholder in its banking activities.

Wema Bank appointed Adesegun to offer advice on policymaking during the financial institution's board of directors meeting and other company engagement.

He was appointed into the post of a non-executive director, which also places on him, the responsibility of partaking in Wema Bank's planning exercises.

Newly-appointed Adesegun was twice a former Commissioner for Works and Housing in Ogun State.

Central Bank tells lenders to stop providing forex to BDC

The Central Bank of Nigeria has ordered Nigerian financial institutions to stop providing foreign exchange (forex) to bureau de change (BDC) operators.

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The financial regulator said bureau de change operators will no longer have access to forex due to money laundering activities they are involved in.

Godwin Emefiele, the CBN governor, said the BDC operators are partnering with corrupt individuals to provide forex in illegal channels.

Source: Legit.ng