The Board and management of Wema Bank Plc has informed the Nigerian Stock Exchange (NSE) and the investing public about the appointment of Mr Johnson Lebile. He is the company’s new Secretary/Legal Advisor.
The new appointment was announced yesterday in a statement issued to the NSE. According to the statement, Mr Lebile’s appointment took effect on October 2nd, 2018.
He took over from Oluwole Ajimisinmi, the former Legal Advisor, who served in that capacity for nine years until his recent redeployment to head a new position.
“Johnson Lebile has been appointed as the new Company Secretary/legal Adviser of Wema Bank Plc following the redeployment of the incumbent, to head the Lagos Business Group after 9 years of excellent stewardship. Johnson Lebile assumes the new role effective, October 2, 2018.” – Wema Bank
About Mr John Lebile
Mr Lebile has been described as “a thoroughbred professional” with about eighteen years of professional experience in the legal profession.
He is a Law graduate who was called to the Nigerian Bar in 1999. Since then, he has undergone further studies, graduating with a Master’s Degree in Law from the University of Lagos
His eighteen years of legal practice cut across different sectors of the economy, particularly the financial services sector. He has also brushed up his experience through his constant attendance of many workshops and training programmes both within and outside Nigeria.
He is also a Member of other professional associations besides the Nigerian Bar Association.
Prior to his recent appointment as Wema Bank’s Company Secretary, Mr Lebile headed the company’s Legal Services Department starting from 2009.
Wema Bank Plc is a tier-2 Nigerian bank which was incorporated in 1945. It became a quoted company in 1990 with the listing of its shares on the Nigerian Stock Exchange.
The bank’s half-year 2018 result shows a revenue of N25.3 billion. This is less than the N25.4 billion that was reported in the same period in 2017.
The company’s half-year 2018 profit also increased to N1.5 billion, up from N1.2 billion in half-year 2017.
The company’s shares are trading at 0.58 kobo.