Wema Bank, renowned as Nigeria’s innovative financial institution and the creator of Africa’s first fully digital bank, ALAT, is starting the year by rewarding 131 customers with cash prizes totaling N11,000,000. The highly anticipated draw, part of the 5 for 5 Promo Season 4, will take place in Warri, Delta State, on January 24, 2025.
Launched in 2021, the 5 for 5 Promo is Wema Bank’s initiative to appreciate customer loyalty by rewarding active and transacting customers through transparent, electronically conducted live draws. Over the first three seasons, the promo has disbursed over N150 million to 2,378 Nigerians across the six geopolitical zones. Season 4, which began on October 1, 2024, raised the stakes with a commitment of N135 million in rewards.
So far, over 1,000 winners have emerged this season, with N27 million distributed through daily, weekly, and monthly draws. In the upcoming third monthly draw—the first of 2025—131 winners will be announced. The prizes include:
– **80 winners** of N25,000 each
– **40 winners** of N100,000 each
– **8 domiciliary account holders** of N250,000 each
– *3 millionaires*, one of whom will be selected from Warri.
Moruf Oseni, MD/CEO of Wema Bank, emphasized the initiative’s role in providing financial relief and encouraging customer engagement. “The 5 for 5 Promo is our way of giving back and thanking our loyal customers. Starting the new year by creating more millionaires and supporting others with cash prizes brings us immense joy,” Oseni said.
He noted that the promo continues to tour different locations across the country, ensuring winners emerge from various regions. “While one of the millionaires will be from Warri, winners come from across Nigeria. This initiative positively impacts lives, from students to small business owners and working professionals, offering much-needed support at the start of the year.”
Olorunshola Damilola Esther, a trader from Akure and a millionaire from the second monthly draw held in December 2024, expressed gratitude for the unexpected reward. She urged Nigerians to transact more with their Wema Bank accounts for a chance to win.
To qualify for the promo, customers must fund their accounts with at least N5,000 monthly, maintain a minimum balance of N5,000, and complete five transactions using ALAT, *945#, or their Wema/ALAT debit cards. New customers can participate by downloading the ALAT app, opening an account, and meeting the requirements.
The 5 for 5 Promo is an opportunity for Wema Bank to celebrate its customers while maintaining its reputation for transparency and innovation in Nigeria’s financial sector.