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GTBank Named In Euromoney Excellence In Leadership Awards For COVID-19 Response, Wins Award For Nigeria’s Best Bank For A Record 10th Time

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Guaranty Trust Bank Plc, GTBank, has been awarded the Euromoney Excellence in Leadership Africa Award, a premier award category set up to recognize banks around the world who are playing a pivotal role during the COVID-19 pandemic.

The foremost African financial institution, which was also named Nigeria’s Best Bank for a record 10th time, was lauded for its swift reaction in responding to the Covid-19 crisis and for addressing the impact of the pandemic on its customers and communities.

Announcing GTBank’s Excellence in Leadership Award, Euromoney said; “One of the first things Nigeria’s Guaranty Trust Bank did with the onset of the Covid-19 pandemic was to get in touch with local authorities to see how the bank could help. Recognizing that the pandemic would stretch the public healthcare system, the Bank partnered with local authorities to set up a care facility for people with Covid-19.

“GTBank also granted small and medium-sized enterprises a grace period of 90 days [which has since been extended by a further 3 months] on all loan payments. It is also developing other resources to help SMEs better understand and navigate the impact of the pandemic,” the magazine added.

Whilst being lauded for its exemplary leadership during a global crisis, GTBank is also receiving accolades for its digital drive to radically expand access to financial services and consistency in delivering the best performance across key financial indices. Key to the bank’s emergence as Nigeria’s Best Bank at the Euromoney Awards is its leading role in driving world-class corporate governance standards, excellent service quality and innovation in Africa’s banking industry

Commenting on the Bank’s Euromoney Awards, the Chief Executive Officer of GTBank, Segun Agbaje, said; “We feel very humbled to be awarded the Excellence in Leadership in Africa Award and immensely proud to be named Nigeria’s Best Bank for a record tenth time. These awards reflect what we are all about at GTBank—giving back to society and adding value to people’s lives. They are also testaments to our commitment to always be there for our customers and communities as a beacon of hope, an engine of progress, and a platform for enriching lives.”

He further stated; “As we continue to navigate the fallout of this pandemic, the imperative of our time as an organization remains to safeguard our lives and livelihoods. This means that we will continue to lead from the frontlines by protecting our employees, serving our customers wherever they may be, helping businesses make it through these uncertain times, and supporting public authorities in combatting the pandemic.”

GTBank is regarded by industry watchers as one of the best run financial institutions in Africa and serves as a role model within the financial service industry due to its bias for world-class corporate governance standards, excellent service quality, and innovation. Renowned for its forward-thinking approach to financial services and customer engagement, the Bank was recently ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa.

BIG STORY

Six Foreigners, Nigerian Jailed Seven Years For Oil Theft In Rivers [PHOTOS]

Gbemileke Ajayi

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The Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced six foreigners and a Nigerian to seven years imprisonment for oil theft.

Justice Kolawole Omotosho gave the sentence yesterday after three years of prosecution of the convicts by the Port Harcourt Zonal Office of the Economic and Financial Crimes Commission (EFCC).

They include Mohammed Ejaz and Nasser Khan – Pakistanis; Oleksandr Nazarenko and Oleksandr Kashernvi – Ukrainians; Romeo Annang – Ghanaian, Fredrik Omenu – Indonesian; and David Otuohi – Nigerian.

The convicts were arraigned for oil theft alongside four other persons – Victor Mikpayi (Beninois), Francis Ahorlu and Kwesi Attah (Ghanaians), and Victor Azebiri (Nigerian).

But the four others were discharged and acquitted by the court.

They were all docked alongside a company – Asztral Shipping Corporation SA, and a Vessel, MT. TECNE (also known as MT STAR), on four counts of conspiracy, dealing in petroleum products without a license, and tampering with oil pipelines.

When the charges were read to them, all the defendants pleaded not guilty to them.

Their pleas prepared grounds for their trial that lasted three years during which the EFCC presented evidence and witnesses who testified against the defendants in court.

In his judgment yesterday, Justice Omotosho found the second, third, fourth, fifth, sixth, seventh, and eleventh defendants guilty of all the four charges and sentenced them to seven years imprisonment, with an option of a fine of N2 million each.

According to the court, the sentences run concurrently from their date of arraignment.

On the other hand, the first, eighth, ninth, and tenth defendants were discharged and acquitted on the ground that “they were not linked to the commission of the crime”.

The company involved in the crime – Asztral Shipping Corporation SA – was wound up by the court while the vessel carrying the offensive crude oil was forfeited to the Federal Government.

The suspected oil thieves ran into troubled waters when their ship was intercepted by the Nigerian Navy Ship (NNS) DELTA on April 25, 2017, at Shell Petroleum Development Company (SPDC), Afremo ‘A’ Terminal, South East of Escravos in Burutu Local Government Area of Delta State.

The ship was seized for illegal loading of petroleum products suspected to be crude oil.

Members of the crew, according to the EFCC, connived with Victor Azeberi, one Peter Ala, and David Ogoma (who is at large), to siphon about 1905.836 cubic liters of crude oil.

The ship had no clearance from relevant Nigerian maritime agencies to navigate in Nigerian waters and all the foreign crew on board the ship had no valid documents to enter the country.

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BREAKING: Court Orders Arrest Of Maina’s Son, Summons Surety

Peter Okunoren

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The Federal High Court in Abuja on Tuesday revoked the bail granted Faisal Maina, the son of Abdulrasheed Maina, and ordered his arrest for jumping bail in his trial on money laundering charges.

Justice Okon Abang also ordered that his trial on money laundering charges would proceed in absentia pending when the security agencies would be able to arrest and produce him in court.

The judge also summoned his surety, a member of the House of Representatives, Sani Umar Dangaladima, representing the Kaura-Namoda Federal Constituency of Zamfara State, to appear in court to show cause why he should not forfeit the N60m bail bond which he signed for Faisal.

The order for Faisal’s arrest came barely six days after the same court, on November 18, issued a similar order against his father, Abdulrasheed Maina, a former Chairman of the defunct Pension Reformed Task Team, who is facing separate N2.1bn money laundering charges before the court.

On Monday, Justice Okon Abang, sent Maina’s surety, Senator Ali Ndume, to jail for his inability to produce the fleeing defendant in court.

Earlier on Tuesday, following the judge’s November 18 ruling, Maina’s trial held in his absence with three prosecution witnesses testifying behind him and his legal team.

At the resumed hearing of Faisal’s trial on Tuesday, the Economic and Financial Crimes Commission’s prosecution counsel, Mohammed Abubakar, said both the defendant and his surety had not attended court since June 24, 2020.

Neither Faisal, his surety, nor his lawyer was present at the Tuesday’s proceedings.

Abubakar, therefore, applied the revocation of his bail and his arrest citing section 184 of the Administration of the Criminal Justice Act.
The prosecution also applied for the court to order his trial in absentia as provided by 352(4) of ACJA.

“My third application is for the issuance of summons on the surety, and for him to show cause why he should not forfeit the bail bond,” Abubakar added.

The judge granted the prayers and adjourned till Wednesday.

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#EndSARS: CNN Dares Nigerian Govt, Releases Second Report On Lekki Shootings [VIDEO]

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Amid threats of sanction from the Federal Government over its investigative report on the shootings at Lekki toll plaza during the #EndSARS protests, CNN has released a second report on the incident.

The Minister of Information and Culture, Lai Mohammed, had last week described CNN’s report on the Lekki shootings as poor journalism, adding that the network deserved to be sanctioned.

Mohammed also followed up the threat with a letter addressed to the management of CNN in Atlanta.

However, the network on Tuesday did a second report with more damning footage showing soldiers shooting at unarmed protesters on October 20, 2020.

The fresh report also shows the Commander, 81 Division, Brig. Gen Ahmed Taiwo, admitting before the judicial panel in Lagos that his men indeed took live ammunition to the tollgate.

The CNN report also highlights the fact that Brig. Gen Taiwo’s claim is at variance with the minister’s who had claimed last week that the army fired blank bullets.

The fresh report also shows protesters running as soldiers open fire at the tollgate.

The National Broadcasting Commission, which is overseen by the information minister, had last month slammed hefty fines on three Nigerian television stations for daring to use some of the footage which CNN has also used.

The Federal Government has been receiving flak from members of the United Kingdom Parliament and Amnesty International over the killing of protesters.

 

Video Credit: CNN

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