May 14, 2026

Wema Bank Kicks Off Season 3 of ‘5 for 5 Promo’: N90m Prizes Await Loyal Customers

By Farouk Mohammed

Wema Bank plc, one of Nigeria’s leading lenders, has announced an exciting opportunity for its customers with the launch of the 5 for 5 Promo Season 3.

This promotional campaign aims to reward customers with a total prize pool of N90 million over the course of ten months, starting from July 1, 2023.

During the promotional period, two lucky customers of Wema Bank will have the chance to win the star prize of N1 million each month.

In addition to these grand prizes, several other cash rewards ranging from N10,000 to N50,000 will be up for grabs by other customers.

Tunde Mabawonku, the executive director of retail and digital banking at Wema Bank, represented by Olusegun Adeniyi, Chief Digital Officer, speaking at a press conference in Lagos on Friday, emphasized the institution’s commitment to providing more than just seamless banking services.

He stated, “We always feel the need to do more for our customers, even beyond seamless banking—and giving back is one way we do that. Over the years, we’ve built a community, and communities should be a support system, so it was very important to us that we become that support system for customers.

“This is the foundation and the motive behind the creation of the Wema Bank 5 for 5 promo. We came up with the 5 for 5 promo as a way of giving back to our customers and rewarding their loyalty to the bank.”

Ayodele Olojede, the divisional head of retail banking at Wema Bank, reflected on the success of the previous seasons and announced that over 1000 winners had emerged.

He highlighted the criteria for eligibility, explaining, “We reward active Wema Bank customers, measuring their level of activity based on transactions and funding of accounts.”

Every transaction made using Wema Bank or ALAT Debit or Credit cards, ALAT app, or USSD banking (accessible via *945#) brings customers closer to winning.

To participate in the monthly draw, customers need to fulfill specific requirements. These include funding their Wema Bank account with a minimum of N5,000 each month, maintaining an average account balance of at least N5,000, and completing a minimum of five transactions monthly using their ALAT Debit card, ALAT app, or *945#.

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