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The Federal Competition and Consumer Protection Commission (FCCPC) has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors, with Guaranty Trust Bank (GTB), MTN Nigeria and AirPeace on spotlight respectively, over alleged violations, reports ITREALMS.Director, Corporate Affairs, FCCPC, Ondaje Ijagwu, informed
ITREALMS on Sunday that the inquisitions, would commence on Tuesday, December 3rd, 4th, and 5th respectively, are intended to address issues of poor service delivery, exploitative practices, and potential consumer rights violations.
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Showing posts with label GTB. Show all posts
Showing posts with label GTB. Show all posts
Sunday, December 01, 2024
Thursday, May 03, 2018
GTB’s Segun Agbaje shortlisted for African Banker Awards 2018
… As FBN gets into CSR list
The Managing director of the Guaranty Trust Bank (GTB) Plc,
Nigeria, Segun Agbaje has been shortlisted among the top four African Bankers for honours at the
2018 ceremony, reports ITRealms.
This is also coming as another Nigerian financial
institution, the First Bank Plc, has been shortlisted for the Socially
Responsible Bank of the Year.
ITRealms gathered
that nominees for the 2018 African Banker Awards have been announced including
banks from Morocco, Nigeria and Kenya. Ecobank, Standard Bank and Standard
Chartered, which have a large footprint across the continent also feature
across several categories.
The Awards, which are hosted by African Banker magazine, will be held during the Annual Meetings of the African Development Bank (AfDB) at the end of May in Busan, South Korea. The finalists, selected by an expert judging panel of bankers and business leaders will be announced at the African Banker Awards ceremony which will take place on Wednesday 22nd May.
Chair of the Awards Committee, Omar Ben Yedder, the Group Publisher and Managing Director of IC Publications Group which publishes African Banker, said that he was once again impressed by the quality and breadth of entries this year.
“We saw McKinsey earlier in the year releasing a very positive report analysing the banking landscape in Africa. The entries reaffirm their findings when they say Africa’s banking market are amongst the most exciting in the world. The categories that caught my eye were innovation in banking – and this year’s entries reflect the transformative role of fintech and also blockchain technology – as well as deal of the year, which is every year a very competitive category. Equity markets were a little slower in 2017, but we saw some interesting deals on the debt side and also transformative infrastructure financing structures. The quality of the entries, and sophistication of the solutions being presented, reflect a buoyant sector in continuous evolution.”
The awards which are held under the high patronage of the African Development Bank and, are sponsored by The African Guarantee Fund, Banco Nacional de Investimento (BNI), Groupe Crédit Agricole du Maroc and the Bank of Industry. Ecobank will be the hosts of the African Banker Awards cocktail reception prior the awards. The Gala Dinner and Awards presentation will take place at the Paradise Hotel, Busan.
The Awards, which are hosted by African Banker magazine, will be held during the Annual Meetings of the African Development Bank (AfDB) at the end of May in Busan, South Korea. The finalists, selected by an expert judging panel of bankers and business leaders will be announced at the African Banker Awards ceremony which will take place on Wednesday 22nd May.
Chair of the Awards Committee, Omar Ben Yedder, the Group Publisher and Managing Director of IC Publications Group which publishes African Banker, said that he was once again impressed by the quality and breadth of entries this year.
“We saw McKinsey earlier in the year releasing a very positive report analysing the banking landscape in Africa. The entries reaffirm their findings when they say Africa’s banking market are amongst the most exciting in the world. The categories that caught my eye were innovation in banking – and this year’s entries reflect the transformative role of fintech and also blockchain technology – as well as deal of the year, which is every year a very competitive category. Equity markets were a little slower in 2017, but we saw some interesting deals on the debt side and also transformative infrastructure financing structures. The quality of the entries, and sophistication of the solutions being presented, reflect a buoyant sector in continuous evolution.”
The awards which are held under the high patronage of the African Development Bank and, are sponsored by The African Guarantee Fund, Banco Nacional de Investimento (BNI), Groupe Crédit Agricole du Maroc and the Bank of Industry. Ecobank will be the hosts of the African Banker Awards cocktail reception prior the awards. The Gala Dinner and Awards presentation will take place at the Paradise Hotel, Busan.
Nenye Dom/ED, Ops
Tuesday, December 19, 2017
N10bn fine: Innoson accuses GTB of using EFCC against its chairman
The officials of the Economicand Financial Commission (EFCC) may have become tools in the hands of Guaranty Trust Bank (GTBank) as it allegedly abducted the founding chairman
of the Innoson Motors, Chief Innocent Chukwuma from his Enugu State residence
on the orders of GTBank, reports ITRealms.
Information reaching our newsroom showed that some of the allegations attributed the 'common criminal abduction’ style to the Presidency.
While others linked it up with unending business transaction with GTBank that went awry, but left over N10bn fine against GTBank.
Our sources also said Innocent Chukwuma was allegedly arrested and brought to Lagos on the orders of GTBank, who of late has developed keen interest in the motor business of Innoson.
Yet others posited, the alleged commando arrest orchestrated due to the recent feat of the motor manufacturing company which manufactured some products for the Nigeria Army and Airforce specifically, which hitherto were imported.
Further, industry observers alleged that GTBank may be using
every available means to undermine Innoson, so that it will not pay series of
fines awarded against the bank in a multiple suits.
However, the Public Relations and Media Assistant to Innoson
Group, Mr. Cornel Osigwe, had in efforts to set the records straight, recently
informed that Guaranty Trust Bank PLC (GTB) alleged the imposition of excess
and unlawful charges running into Billions of Naira on Innoson Nigeria Limited’s
current account with it.
Equally, he said, GTB fraudulently appropriated these
Billions of Naira from Innoson’s account, which led to the suit No:
FHC/AWK/CS/139/2012 against GTB and therein got judgment in excess of
N4.7Billion against GTB. GTB appealed against the judgment to the Court of
Appeal, vide, Appeal No: CA/E/288/2013. There, the Court of Appeal ordered GTB
to pay over N6Billion being the judgment with the accrued interest.
According to him, in a separate case, suit No:
FHC/L/CS/603/2006, the Federal High Court ordered GTB to pay over N2.4Billion
to Innoson, which GTBank also appealed on No: CA/I/258/2011 which Court of
Appeal dismissed and ordered GTB to pay the N2.4Billion to Innoson.
Finding no justifiable way of getting Innoson to abandon the aforesaid judgments, which as at today is over N10Billion given the post judgment interest, or to let it pay a lesser sum to Innoson, GTB instigated the Police to initiate a trumped up charge – Charge No: FHC/L/565c/2015 against Innoson Nig Ltd. This charge was filed on 21st December 2015.
ITRealms gathered that when
the Inspector General of Police discovered that the charge is a trumped – a
ruse – it withdrew the charge through its Notice of Withdrawal dated 17th
February 2016 and adequately filed same in the court.
Afterwards,
the Inspector General of Police urged the Court to strike out the charge but
for some strange reasons the court adjourned the matter rather than strike it
out. After this but before the next adjourned date, Mr. Diri – the former
Director of Public Prosecution, Federal Republic of Nigeria – wrote a letter
claiming that the Attorney General of the Federation had taken over the case.
ITRealms
equally gathered that the
said backdated letter was never initialed by the Registrar or any officer of
the Court nor filed at the Court’s Registry as required by law and practice was
rather smuggled into the case file. This letter coupled with other activities
of Mr. Diri led to his being relieved of his post as the Director of Public
Prosecution.
Osigwe pointed
out that currently, the Inspector General of Police, whether former or present
has not filed any new charge against Innoson Nigeria Ltd and its managing
director and Mr. J. I. Ajakaye who apparently is acting without any authority
is not a Police Officer.
The matter
came up on Monday, 24th October 2016 for the presiding judge to recuse himself
from presiding over the charge and for same to be struck out having been
withdrawn. Mr. Ajakaye never and did not serve any charge on the counsel representing
the defendants in the matter.
Osigwe
explained, a charge is an originating process and can only be served on a
defendant and not his lawyer.
Ozo Nweke Ozo/GEE
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Wednesday, April 29, 2015
GTBank-Lagos Principal Cup Season 6 set for Semi Finals
All is set for the semi final matches of the on-going Guaranty Trust Bank
(GTB) Lagos
State Principals Cup competition Season 6, ITRealms reports.
The
match, ITRealms learnt, is to take place on Wednesday 29th and
Thursday 30th of April at the Onikan Stadium, Lagos Island, as Birrel
Avenue Senior High School takes on Ikorodu Senior Grammar School, while Ifako
Comprehensive Senior High School faces Keke High School.
On
the other hand, Ikotun Senior High Ikotun will be taking on Government Senior
College, Agege, in the male categories while Ikorodu Senior High School Ikorodu
faces Birrel Avenue Senior High School, Sabo.
ITRealms gathered that Birrel Avenue School, making a
first appearance at the tournament, gave Isolo Senior High School, Isolo a 2
nail victory to qualify for the semi finals, even as Ifako High School, also a
new face, nailed Diary Farm senior Secondary School, Agege with a 2-1 victory
to sail to the semi finals.
Speaking on the tournament, games master, Mr. Akinyele, told ITRealms that the major challenge has been getting the right team selection that
meets the stipulated requirements and teams training schedule.
In the same vein, Ifako school games master, Mr. Famakinwa, also said
they feel spectacular to get to this of the competition. He further expressed
enthusiasm that his team will imbibe the spirit of sportsmanship when they face
2012 champions, Keke High School Agege in the semi-finals.
ITRealms gathered that Guaranty Trust Bank plc is one of the few
Nigerian financial institutions that have maintained a defined Corporate Social
Responsibility (CSR) strategy since its inception in 1990 and actively supports
numerous programmes in Education.
Nsolibe
Daniel /GEE
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