Wema Bank PLC (NGSE:WEMABANK) is seeking opportunities to acquire a fintech firm to boost its customer base and transactions or a merger with another commercial bank, Deputy Chief Executive Moruf Oseni said. “Inorganic growth is one of the pillars of our growth. We are looking at all options,” Oseni told an analyst call. “No matter how efficient we are . scale is key.” “An M&A is not off the table. It could be with another Nigerian bank, it could be with a fintech or it could be acquiring another fintech firm,” Oseni said. Wema plans to sell shares in September to existing shareholders worth NGN 40 billion ($97 million) to boost its equity capital, once it obtains regulatory approval, it said.