Guaranty Trust Bank Plc has been 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.
The rankings were announced in a novel global virtual event and will be published in the June issue of the African Business magazine.
In a special report examining the results of the 2020 survey, the founder of Brand Africa, Thebe Ikalafeng, said GTBank’s “clever marketing, global presence and some of its flagship food and fashion events have undoubtedly helped make it a fixture of daily life in some of its key markets, especially its home base Nigeria.” He added that the bank, which recently won plaudits for building a 110-bed Care Centre in response to the Covid-19 Pandemic, “has taken banking and finance to the people.”
GTBank has long been regarded as one of Africa’s outstanding brands and enjoys a massive youth following thanks to its innovative and forward-thinking approach to financial services and customer engagement. It currently commands the largest social media following amongst all financial institutions in Africa and in 2019, the Bank hosted over 700,000 people at its consumer-focused events, GTBank Food and Drink Festival and The GTBank Fashion Weekend, among them dozens of business leaders and industry experts from around the world.
In 2019, GTBank removed all banking charges for young undergraduates under the age of 25 on its GTCrea8 Account Package. The move was unprecedented in the financial services sector but not unusual for a bank that had pioneered Zero-Naira Account Opening in the country, and in which people over the age of 65 also bank for free. GTBank is also blazing the trail in digital technologies; after leading the USSD banking revolution in Nigeria with its 737 Service, the bank is driving the digitization of consumer lending with Quick Credit, a first-of-its-kind digital lending product that gives individuals and small businesses instant, real-time access to loans anytime, anywhere via their mobile phones.
Brand Africa’s ranking of GTBank as Africa’s Most Admired Finance Brand is only one of its many accolades. In 2019, the was recognized as the Best Bank in Africa and Best Bank in Nigeria, by the Euromoney Magazine and the Best Banking Group and Best Retail Bank Nigeria by World Finance Magazine. In the same year, the Bank also dominated the Central Bank of Nigeria’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards for the third year in a row, taking home 8 of the 12 honours for banks at the forefront of driving the digitalization of financial services.
The Police Special Fraud unit (PSFU), has dragged Guaranty Trust Bank (GTB) Plc and two others before a Federal High Court, Lagos, over alleged $667, 000 USD, fraudulently lodged with the bank.
Others joined with GTB Plc in a suit marked FHC/L/CS/586/2020, are: Albert Austine Ugochukwu and a limited liability company, Tasmara Integrated Services Limited.
GTB Plc and others were brought before the court presided over by Justice Ayokunle Faji, by PSFU in a motion exparte, pursuant to section 6(6)(b), (2)(k) of the Constitution of the Federal republic of Nigeria 1999 (as amended); Executive Order 6, 2018, Section 4 of Police Act, 2004, section 13(1) Federal High Court Act, 2004.
And Section 13(1) of money laundry and prohibition Act 2011(as amended in 2012), Order 26(6-10), 28(1)(1-3),(2)(1-6) 30(A) of the Federal High Court (Civil Procedure Rule) 2019: Section 16(1)(A)(B) of the Advance Fee Fraud and Other fraud related offences Act, 2006 and under the inherent jurisdiction of the court.
In moving the motion exparte, affidavit in support and written address, today, PSFU’s Head Legal, Mr. Emmanuel Jackson, a Chief Superintendent of Police (CSP) leading J. I. Enang, asked the court for an order restraining GTB Plc from posting any debt or allow any drawings or permitting any drawing on 35 accounts which were used to perpetrate the alleged fraud by some customers, pending conclusion of investigation on the accounts by the police.
PSFU also asked the court to direct GTB Plc to it the account officers of the said 35 accounts being investigated for an interview with the Commissioner of Police in-charge of PSFU. And to also furnish the Unit with the Certified True Copy (CTC) of some documents on the said 35 accounts.
These documents include: Statement of Account from January 1, 2018 till date; names and addresses of signatories to the accounts; photocopies on the Mandate Cards; Bank Verification Number linked to the accounts and Certificate of Computer printout in compliance with Section 84 of the Evidence Act.
CSP Jackson said the orders sought for is necessary, as it will allowed the police to carry on with investigation of certain money totaling $667, 000 USD, fraudulently obtained by false pretence from the bank’s customers.
He also told the court that the order sought for will also prevent the bank from lifting any restrictions placed or will be placed on the said 35 accounts.
The account numbers which SPFU sought the order against GTB Plc are: 205/153068; 228/678179; 402/649701; 220/876518; 224/980764; 220/877573; 220/877598; 220/885941: 209/822101; 209/823832; 246/296004; 246/297322; 265/231545: 265/231511.
Others are; 265/229254; 246/340436; 265/231542; 265/231625; 220/885852, 209/839097; 214/8682312; 220/886856; 220/886871; 220/886875; 246/340330; 246/344649; 251/292171; 251/292201; 265/231490; 220/886879; 220/886839; 220/886802; 251/292261; 265/231474 and 220/886811.
PSFU in an affidavit attached with the motion exparte and deposed by one of its investigators Shaibu Friday, who stated that he was directed by the Commissioner of Police to investigate a case of Obtaining the sum of $667,000 USD and money laundry based a petition dated March 26, 2020.
Adding that the petition was by one Segun Fadahunsi General Manager and Lanre Kasim Senior Manager both of Guaranty Trust Bank Headquarters, Lagos, against one Albert Austin Ugochukwu former staff of GTB Plc, of obtaining the sum of $667, 000 USD, using a company known as Tasmara Integrated ServicesLtd to open about 35 different accounts number which were use by him to launder money.
It stated that the funds the is investigating being proceeds of fraud, stand the risk of being dissipated by the suspect unless the Court restrains GTB Plc from posting debit or allowing withdrawals from the said accounts under investigation pending the Conclusion of Police investigation. Adding that it will be in the interest of justice to grant this application
Justice Faji, after listened to the submissions made by CSP Jackson ruled that: “I’m satisfied with the submissions of the applicant’s counsel. The order sought for is to preserve the ‘res’…..
“The orders are hereby granted as prayed”.
The Federal High Court sitting in Lagos on May 6, 2020 has strucked out a suit filed by Professor Anthony Elujoba (Plaintiff), a Professor at Obafemi Awolowo University (OAU), Ile-Ife, Osun State, against the Central Bank of Nigeria (CBN), challenging the directive of CBN to Guarantee Trust Bank (GTB) freezing his account whilst under investigation for an alleged fraud.
Justice Muslim Hassan in delivering the Judgment agreed with the submissions of Professor Fabian Ajogwu, SAN, lead Counsel to CBN and held that the Court had no jurisdiction to entertain the suit against CBN on the grounds that the CBN had acted in good faith in pursuance of its duties in accordance with the law and as such no action could be maintained against the CBN.
The Court further held that the suit constituted an abuse of court process as there was a prior and currently pending criminal suit with the same substance before the Osun State High Court which any decision made in the current suit would overreach and render nugatory.
The suit was commenced by the Plaintiff in May, 2019 against the CBN, Attorney General of the Federation and GTB challenging the freezing of his bank account pursuant to President Muhammadu Buhari’s Executive Order No. 6 of 2018.
Professor Elujoba, through his counsel, Dr. Adewale Adedamola Olawoyin, SAN had argued that the freezing of the said account was unlawful and without due process, he also argued that this had caused him undue hardship and that he was entitled to declaratory reliefs and damages in the sum of NGN 10 million.
A manuscript written almost ten years ago has been selected as the winner of the Dusty Manuscript Contest; a Prize organized for budding Nigerian writers. Written by Kukogho Iruesiri Samson, the winning manuscript, titled Devil’s Pawn clinched the top prize ahead of The Orchid Protocol by Onoche Emeka Onyekwena andThe Other Side of Truth by Nneoma Anieto, which came first and second runner-up respectively.
Organized in partnership with Kachifo Ltd. and Okadabooks, the Dusty Manuscript Contest is the latest in a long line of GTBank’s YouREAD initiatives aimed at fostering the culture of reading and creating a platform for the appreciation of Africa’s literary excellence. As part of the contest, Nigerians were invited to submit their unpublished stories and stand a chance to get publishing deals for their works. The contest received over 1,000 entries and had a panel of four judges made up of authors Eghosa Imasuen, Yejide Kilanko and Toni Kan and Assistant Professor of English, Dr Ainehi Edoro-Glines.
As part of the prizes in the Dusty Manuscript Contest, the authors of the top 3 manuscripts received 1,000,000, N500,000 and N250,000 respectively, as well as publishing contracts with Kachifo Ltd. The authors of the 10 manuscripts also received e-publishing contracts with OkadaBooks, while the authors of the top 20 manuscripts were hosted to a two-day intensive writers boot-camp to sharpen their literary and business skills.
Speaking about the winning entry, the lead judge, Dr Ainehi Edoro, said; “Devil’s Pawn was a unanimous choice. Told in a fast paced narrative style that keeps you glued to the pages, the story is a gift that keeps giving’’. “The Orchid Protocol is an intriguing detective story, call it CSI Lagos and you won’t be too far off the mark,” said Eghosa Imasuen, one of the judges. “The Other Side of Truth presents a woman’s life, without judgement. In making the case for the novel a single word comes to me: Empathy,” added another judge, Toni Kan.
Commenting on the Dusty Manuscript Contest, Mr Segun Agbaje, the Managing Director of Guaranty Trust Bank plc, said; “At GTBank we see Art as not just a medium for creative expression but also as a means of livelihood, and by organizing the Dusty Manuscript Contest we are helping budding writers share their stories with the world whilst providing them with a platform to build successful writing careers.”
GTBank is regarded by industry watchers as one of the best run African financial institutions across its subsidiary countries 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. The Bank’s footprints in Corporate Social Responsibility are guided strategically by its decision to operate on four major pillars: Education, Community Development, Arts and the Environment, which it believes are essential building blocks for the society and prerequisites for economic growth and societal development.
Afolabi Williams, team leader, Olubusiyi Famobiwo, MenashiMordi and Osagumwenro NaamanUgbo, members of Team Neon from Whitesands School, Lagos, have emerged as the 2018 Power Pitch Winner of the Smoke-Free World category of the Conrad Foundation Spirit of Innovation challenge summit held at the Kennedy Space Centre, Visitor Complex, Florida, USA.
The four junior school students made it to the fourth round and final stage of the competition, the only representatives from Nigeria and Africa that participated in the finals. They pitched their idea on a Virtual Farm project, which falls under the category for Smoke-Free World.
The Conrad Challenge is an international and multi-phase innovation competition focusing on five areas: Aerospace Aviation, Cyber Technology and Security, Energy and Environment, Health and Nutrition, and recently, Smoke-Free World.
The Conrad Foundation’s Spirit of Innovation Challenge (SOIC) presents high school students with a very broad challenge: create an innovative product that provides solution to a real-world problem such that someone can pay for it, by applying principles in science, technology, engineering and mathematics (STEM).
Students were not just asked to complete a science project: they were required to conduct a research to determine their creation’s potential market impact and develop a full business plan.
This annual competition challenges teams to use science, technology, engineering and math innovation, as well as entrepreneurship, to create a more sustainable world for today and the future generations.
The global decline of smoking have many positive health impacts, but also brought negative economic consequences to tobacco farmers, many of whom are in developing nations. Students were invited to design 21st Century solutions to farmland that is currently used for tobacco production, especially in African countries.
Established in 2008, the Conrad Foundation honours the legacy of Apollo 12 astronaut, Charles “Pete” Conrad, and his four decade passion for innovation and entrepreneurship.
The students received the Good Citizen Award in the same summit and were accompanied to the summit by their coach, Matthew Omotoso, the junior school ICT teacher at Whitesands.
Inspired by the team’s outstanding young talents and driven by its passion for innovation, leading African bank, Guaranty Trust Bank plc, sponsored the young innovators to the finale of the Conrad Challenge. The Bank’s sponsorship included, among other benefits, the total coverage of the team’s travel and stay in America.
Guaranty Trust Bank plc has consistently played a leading role in Africa’s banking industry and is regarded by industry watchers as one of Africa’s most innovative financial institutions. The Bank also maintains an active and clearly defined Corporate Social Responsibility policy, which is focused on promoting education for all, fostering community development, promoting arts and protecting the environment.
Popular Nigerian Chef and co-owner of Eko Street Eat, Chef Imoteda will be at the 2018 GTBank Food and Drink Fair to host a Masterclass on the Art of Plating.
Trained at Le Cordon Bleu, Chef Imoteda is the chef instructor and host of two TV shows, Urban Kitchen and Heels in the Kitchen. She is also the co-owner of Eli Street Eat, a company that specializes in bringing innovative twists to Nigerian street food.
When she is not making the best of Nigerian street food, training budding chefs or presenting food shows on TV, Chef Imoteda is busy curating the Nigerian Fusion Food Tour. Now in its third year, the tour aims to celebrate the richness of Nigerian cuisine by taking it around the world.
If you would like to attend Chef Imoteda’s Masterclass at the 2018 Food and Drink Fair, which hold on Sunday, April 29th, click here to register.
Baking aficionado and founder of Elizabeth’s Cake Emporium, Elizabeth Solaruwill be at the GTBank Food and Drink Fair to facilitate a Masterclass on how to make great wedding cakes.
Elizabeth was recently named as one of the world’s “Masterful 100.”
Her creations have been featured in numerous international publications including Wedluxe, Strictly Weddings and The Telegraph, amongst several others.
Elizabeth’s Cake Emporium is regarded as one of the best wedding cake companies in the world. The company creates beautifully handcrafted cakes that are adorned with the most realistic edible jewelry, sugar flowers, lace, pearls and gems.
Elizabeth regularly features on BBC and Sky TV and is the only three-time winner of The Great Cake Bake, a show which features the best wedding cake makers in the UK.
If you would like to attend Elizabeth’s class at the GTBank Food and Drink Fair, which holds on Tuesday, May 1stclick here to register.
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British Chef, bestselling author and TV personality, Lorraine Pascale, will be at the 2018 GTBank Food and Drink Fair to treat guests to an exciting Masterclass on how to make the perfect desserts.
Before she became one of the biggest names in UK food shows, Lorraine was the first Black British fashion model to appear on the cover of American Elle. Being there and done that, she decided to follow her real passion–cookery–and enrolled for Leith’s Diploma of food and wine course. She later graduated with a first class honours degree in Culinary Arts Management at London’s University of West London.
Lorraine’s mastery of baking has earned her international appeal and accolades. She has been a judge on the UK version of My Kitchen Rules, Food Network’s Holiday Baking Championship in the US and in March 2015, co-hosted one of the UK’s biggest TV programmes, The Nation’s Favourite Food. She also runs a successful blog where she shares her recipes for baking as well as tips for those wishing to embark on a journey to a healthy lifestyle.
If you would like to attend Lorraine Pascale’s Masterclass at the 2018 GTBank Food and Drink Fair, which holds on Sunday, April 29th, click here to register….
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Bestselling author and Food Network Personality, Sunny Anderson will be at the GTBank Food and Drink Fair to treat guests to an exciting Masterclass on how to make home cooking easy and exciting.
Known for hosting popular shows such as; The Kitchen, Cooking for Real and How’d That Get On My Plate, Sunny is renowned for a cooking style that combines classic comfort foods along with unique flavours inspired by her many travels. She is the author of The New York Times bestseller Sunny’s Kitchen: Easy Food for Real Life.
Sunny is also a huge football fan and combined her love of food and the sport by inventing Infladium™, the world’s first inflatable snack stadium. She is currently working on more inventions and continues to travel, write recipes and donate time and funding to various charities.
To attend Sunny Anderson’s Masterclass at the 2018 GTBank Food and Drink Fair, which hold on Sunday, April 29th, click here.