By Chinelo Obogo
More Nigerians are set to win millions in cash prizes in the third season of Wema Bank’s 5 for 5 promo.
The company’s Executive Director, Retail and Digital Banking, Tunde Mabawonku, said during a press conference in Lagos on Friday, that the third season of the promo will last for 10 months and about 30 Nigerians will win different cash prizes, ranging from one million naira during the raffle draw which will take place across the country every month.
He said the motive behind the creation of the Wema Bank 5 for 5 promo is to give back to customers, reward loyalty to the bank, meet their needs and improve their quality of life.
“Our customers have always been our priority and we have stayed committed to improving the quality of their lives and providing first-class financial services regardless of age, location or financial capacity—and this commitment to our customers drives everything we do, from our products to offerings, events, partnerships and more. It is no surprise that the first fully digital bank in Nigeria, ALAT, is Wema Bank’s brainchild.
“We’ve built a community and communities should be a support system, so it was very important to us that we become that support system for customers. This is the foundation and the motive behind the creation of the Wema Bank 5 for 5 promo which is a way of giving back to our customers and rewarding their loyalty to the bank.
“The unique thing about the 5 for 5 promo is that anyone can win. We’ve been very intentional even in the requirements for qualification to win, ensuring that the petty trader making minimum wage or less, still stands a chance to win—so if there’s one thing we can beat our chests to, it is that financial inclusion is a mission that Wema Bank has always sought to drive; one that I personally hold close to heart, which is why the 5 for 5 promo is more than just a project to us. It’s an avenue for us to connect with our customers, meet their needs, improve their quality of life, and show our appreciation for their loyalty to Wema Bank.
“When we introduced the 5 for 5 promo, we had envisioned the level of impact that it would have on our different customers in different parts of Nigeria and I must say over the years, our expectations have been fully exceeded. The testimonials we have received from our customers have been massive and deeply emotional.
” From the young entrepreneur trying to establish a business to the mother struggling to fund her child’s education to the man who has lost all hope in his quest to make a living; the 5 for 5 promo has definitely gone above and beyond. It has become a support system for many. We are proud to have been able to impact lives on such a level and we’re hopeful for what the future holds.
“Season 3 of the 5 for 5 promo is here, and this may just be the push you or your business needs. So, keep your Wema Bank account funded, reactivate your account if it’s been inactive and more importantly, keep making transactions with your account—because it’s these transactions that will help us find you.
“The way to participate in the promo is by maintaining an average account balance of at least N5,000 monthly, make a minimum of five transactions monthly using your ALAT Debit card or app which can be downloaded or *945#.
“Everyone stands chance to be winners, even if you’ve won before. So every time you have to send money or make a payment, remember that using Wema or ALAT app, gives you a higher chance of winning,” he said.

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