Wema Bank has disbursed a total of N11m to 131 women across Nigeria in the women’s month draw of its 5 for 5 Promo.

According to a statement from the bank on Monday, the draw was held in Aba, Nigeria.

Introduced in 2021, the 5 for 5 Promo is Wema Bank’s dedicated avenue for rewarding its customers for their active loyalty to the brand, its products, and its offerings. Over the course of three seasons, the 5 for 5 Promo disbursed over N150m to 2,378 Nigerians across the six geopolitical zones in Nigeria. Since the new season kicked off in October 2024, Wema Bank has disbursed over N50m to its customers across daily, weekly and monthly draws.

For the fifth monthly draw in March, the bank took a thoughtful step, disbursing the total N11m cash prize to an all-women pool of winners.

Among the 131 winners were Ogechukwu Ani from Aba, where the draw was held; Vanessa Ogbonna from Lagos; and Mubarakaht Alowonle from Bodija, all of whom won N1m each.

Others included eight individual domiciliary account holders who won N250,000 each, 40 women who won N100,000 each and 80 who won N25,000 each.

Congratulating the lucky winners, Wema Bank’s Managing Director/Chief Executive Officer, Moruf Oseni, firmly reiterated the bank’s commitment to empowering women to thrive in all aspects of their lives.

“Wema Bank was founded on the precept of empowerment. Since 1945, we have carried on this legacy, promoting financial inclusion for the indigenous people of Nigeria and empowering our people with the resources they need to thrive. But for us, this journey has not been a one-size-fits-all.

“In recognition of the gap that exists in gender equality, we have been intentional about creating tailored opportunities for women through our women-focused proposition, SARA by Wema, and our vast range of customised solutions and initiatives designed for women. We have simply leveraged the 5 for 5 Promo as one more way of supporting our women this Women’s Month. For us, it’s all about impact, and we are delighted to have put smiles on the faces of Nigerian women across the country. That is the joy for us,” he said.

“To the 131 women who emerged winners, I say a hearty congratulations to you, and I take this opportunity to also thank you for choosing Wema Bank and continuing to trust our services. We do not take it for granted. For 80 years, we have pulled all stops to deliver the best quality of impactful banking to the people of Nigeria, and I boldly reaffirm that we will never relent in providing a rewarding, fulfilling and empowering banking experience for every customer of Wema Bank,” Oseni concluded.

To commemorate International Women’s Day, Wema Bank held an event where it recommitted to supporting women.