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SW8 Investment Ltd, the new core investor in Wema Bank pic, have taken over the management of the bank with new plans to enable the bank to regain lost ground. Segun Oloketuyi, who was Skye Bank's executive director has been appointed the new managing director and chief executive. Ademóla Adebise and Taiwo Adeniji have been appointed executive directors on the reconstituted board that has been tasked to stabilise the bank's operations, preparing it for expansion, and then growing the franchise.