Wema Bank Plc has described as malicious allegations of money laundering and bribery against its employee, saying media reports were orchestrated by an aggrieved third party. Wema had been accused of involvement in money laundering to the tune of N1.7 billion. In a statement, the bank said “there is no merit” in the media publication and that the reports targeting its employee and customer are malicious. MIK/B/6/2022 – Commissioner of Police vs. Adewole Isaac & Kingsley Ananwude, for alleged stealing and money laundering involving N1.7 billion was struck out by Magistrate A.O. The bank has already engaged its solicitors to institute appropriate legal action,” the bank said.

Source: The Guardian April 26, 2022 04:16 UTC