[dropcap]W[/dropcap]ema Bank Plc has resolved a longstanding dividend issue for retiree Ajao Emmanuel Olushola, addressing a backlog that dated back to his retirement in 2009.
The resolution came swiftly after Olushola voiced his concerns publicly, leading to a heartening conclusion for the former Deputy Manager of the bank.
The saga came to light when Olushola reacted to a report on Freelanews.com titled “Shareholders commend Wema Bank’s extraordinary performance and profitability at Wema Bank AGM 2023”, published on May 29, 2024.
Given his personal experience, Olushola expressed skepticism about the commendations, citing that he had not received any dividends since his retirement from Wema Bank on 7th September 2009.
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“I wonder why this hyping?” Olushola remarked, casting doubt on the bank’s proclaimed achievements.
Our correspondent noted Olushola’s complaint and promptly escalated it to the bank’s management.
Surprisingly, Olushola was contacted almost immediately by Wema Bank for the regularisation of his dividends.
Reflecting on the swift resolution, Olushola shared, “I want to refer to the caption on this day, 29th May 2024. I made a comment on this platform concerning my unpaid dividends since 2009, and within an hour my phone rang and an enquiry was made on the issue. This is to appreciate the staff and management of Wema Registrars for crediting my account with the backlog of dividends after so many years of waiting. To all who made it possible, I say thank you all.”
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In an interview with Freelanews, Olushola expressed his joy and gratitude towards the news platform for amplifying his voice to Wema Bank.
“I’m sincerely grateful. It was like magic. I commented on the platform, within an hour a call got through, and the rest is history. Though small, I think just for 3 years, possibly because Wema didn’t declare profit for some years, and as a retiree, you know no amount is small. All the same, I’m grateful for your efforts. God bless your hustle and endeavours.”
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However, Olushola also voiced his disapproval of the current pension scheme, labelling it as enslavement.
“I also think the present pension scheme is nothing but enslavement. Imagine a staff on almost 500k monthly, now retired and getting 22k as pension. It’s frustrating and heart-breaking. The PFAs are just using our money to trade without any corresponding impacts on us,” he concluded.
The prompt action of Wema Bank in addressing this issue has set a positive precedent for how such matters can be handled with efficiency and empathy.
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