Wema gifts cash to women in 5for5 promo

Wema Bank has rewarded 113 women across Nigeria with millions of Naira in the recently concluded monthly draw of 5 for 5 Promo Season 3, which was held in Benin City.

The Promo is a reward programme designed to support Nigerians across the country with monetary rewards for their personal and business use.

The 3rd Season, which launched in July 2023, set out to disburse a total of N9,000,000 monthly to 120 active and transacting customers in monthly draws spanning 10 months.

The bank allocated N7,250,000—95 per cent of the N9,000,000 cash prize stipulated for the 8th draw, to Nigerian women.

This sum was distributed to over 100 women in cash prizes ranging from N25,000 to N1,000,000 each.

The statement from the bank reads: “As evident in Wema Bank’s activities throughout the month, the pioneering Bank has inadvertently solidified its position as the bank of choice for women and a financial institution relentless in its commitment to providing useful solutions, viable options and opportunities for women to achieve their personal and business goals.

“This unique draw provided a simultaneous two-fold opportunity for women in Benin City, allowing them to shop items from their favourite stores at the best prices and still stand a chance to win big in the Promo.”

Wema Bank’s Divisional Head of Retail and SME, Ayodele Olojede, disclosed the bank’s motive for streamlining the wins in the 8th draw to skew more towards the women.

“We cannot overemphasise our deep-rooted commitment to being a support system for women so we naturally went above and beyond this women’s month. Through a plethora of solutions championed especially through our female-focused proposition, SARA by Wema, we have created an unforgettable experience for our women, crowning it with the 5 for 5 Promo Women’s Special. We have consistently empowered women with transformative experiences and resources all through this month and as Nigeria’s most innovative bank, it’s only fitting that we wrap up the Women’s Month on a financial note,” she said.

Stating the transparency of the draw, Olojede added that the Promo selection process was supervised by relevant regulatory authorities, saying, “We were deliberate in maintaining the random selection system while streamlining our focus to capture more women in the spirit of women empowerment and inspiring inclusion.

“Congratulations to our winners. As we close out Women’s Month, I take this opportunity to reiterate our commitment to you as stipulated in our Mission; Empowering Lives Through Innovation. We will continue to innovate and create new opportunities and tailored solutions to champion women’s empowerment, financial inclusion and the success of every Wema Bank customer.”