Nigerian gambling magnate Kessington Adebutu to pocket N14.8 billion in Wema Bank dividends

Billionaires Africa | 03.04.2026 06:47
Nigerian gambling magnate Kessington Adebutu is set to collect N14.84 billion ($10.5 million) in gross dividends from Wema Bank Plc after the lender posted record profit before tax of N222.07 billion for the year ended December 31, 2025 and declared a dividend of N1.25 per share, its most generous payout since the bank's founding eight decades ago.