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Wema Bank MD, Ademola Adebisi ordered to be arrested by Court

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For alleged forgery, a warrant of arrest has been issued for Mr. Ademola Adebisi, managing director of Wema Bank Plc.


The warrant was issued by Chief Magistrate Elizabeth Jones of the Chief Magistrates' Court in Wuse, Abuja, as a result of Mr. Adebisi's refusal to show up in court on five adjournments.


The head of the bank was requested to appear in court to address a current forgery claim made against it by one Mr. George Halliday.


A garnishee order absolute issued by the High Court of the FCT ordering the bank to pay the complainant N50 million was allegedly ignored by the bank, according to the complaint.

Mr Halliday said that Wema Bank followed the high court’s instructions by issuing five bank drafts for N10 million each, totaling the judgment debt amount, which is supposed to be payable by the Bayelsa State Government, the judgment debtor. 

The complaint however said that First Bank dishonoured the draft issued by Wema Bank stating that the drafts had been twice presented for clearing and twice rejected.

Mr Halliday further accused the bank of falsifying the Bayelsa State Government’s Internally Generated Revenue Statement of Account claiming that there were no funds in the state’s treasury.

He alleged that the bank falsified the statement of account to justify the failed draft.

“That they further forged an affidavit which filing fees were paid in 2017 but commissioned in 2007. That the bank also forged a motion on notice that bears the same motion number with that of the judgment creditor,” Mr Halliday said in the affidavit to the suit.

However, the court ordered the police and other security agencies to immediately arrest the bank’s MD.

Funmilayo Falola, a spokesperson for the bank did not return Peoples Gazette’s requests for comments on the development.

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