Lagos, Nigeria – Wema Bank Plc has announced the appointment of Engr. Wilson Chiedu Agu as an Independent Non-Executive Director on its board. The appointment, disclosed by the company on the Nigerian Exchange and approved by the Central Bank of Nigeria, took effect on March 3, 2026.
Okay News reports that Agu is a serial entrepreneur with over 35 years of experience across consultancy, information technology, cybersecurity, and business development. The board welcomed him, noting that his expertise in engineering, technology, and project development is expected to strengthen the bank’s strategic planning and decision-making.
Agu earned a bachelor’s degree in Civil/Structural Engineering from the University of Nigeria, Nsukka, in 1990. From 1993 to 2007, he served as Partner and Resident Engineer at Project Development Consortium, overseeing projects including the structural design of Orient Bank and the National Maritime Resource Centre.
In 2000, he founded I-Sixty Nigeria Limited, which has delivered projects such as the NIMASA Maritime Museum, the Nigerian Navy Dockyard Museum, and renovations at eleven airports nationwide. He served on the Governing Board of NITDA from 2013 to 2015, chairing the Committee on Standards, Guidelines and Regulations.
Between 2018 and 2020, he collaborated with Precise Financial Systems on banking automation solutions. Currently, he leads Eagle Industrial and Energy Limited, managing projects in industrial parks and free trade zones.
For the 2025 financial year, Wema Bank reported an unaudited pre-tax profit of N222.07 billion (approximately $142 million), up 116 percent from N102.52 billion in 2024. Interest income grew 63 percent to N577.10 billion, driven largely by a 48 percent increase in loans and advances to customers.
This board appointment strengthens Wema Bank’s governance structure as the bank continues its growth trajectory.
