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L-R:       Mrs. Cathy Echeozo, Chairperson, NGX Regulation Ltd; Mr. Hezekiah Oyinlola, Non-Executive Director, GTBank Nigeria; Ibrahim Hassan, Non-Executive Director, GTBank Nigeria; Mr. Segun Agbaje, Group Chief Executive Officer, Guaranty Trust Holding Company (GTCO) Plc; Mr. Temi Popoola,CFA Chief Executive Officer, Nigerian Exchange (NGX) Limited; Mrs. Osaretin Demuren, Outgoing Chairman, GTBank Nigeria; Mrs. Miriam Olusanya, Executive Director, GTBank Nigeria; Mr. Seyi Osunkeye, Non- Executive Director, NGX Ltd and other NGX Ltd Executives during the Closing Gong Ceremony to mark the listing of GTCO Plc on the NGX yesterday in Lagos

The Nigerian Exchange (NGX) Limited, on Tuesday, July 13, marked the listing of Guaranty Trust Holding Company Plc’s (“GTCO Plc”) shares with a Closing Gong Ceremony on the main floor of the exchange. This follows the completion of all regulatory requirements for the corporate reorganization of the leading financial institution into a holding company structure and the listing of GTCO Plc, on the Nigerian Exchange (NGX) Limited and the London Stock Exchange, replacing Guaranty Trust Bank Plc. 

Guaranty Trust was first listed on the Nigerian Exchange in 1997, winning the “Nigerian Stock Exchange President’s Merit Award” within months of its listing. In 2007, it became the first Nigerian bank to list on London Stock Exchange, the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. Since then, Guaranty Trust has embarked on a decade of unparalleled growth with total assets and shareholders’ funds closing at ₦4.993trillion and ₦837.2billion respectively, at the end of Q1, 2021. 

As part of its long-term growth strategy, Guaranty Trust has now adopted a holding company structure wherein GTCO Plc will operate as the parent company of all Guaranty Trust banking businesses across Africa and the United Kingdom as well as other non-banking businesses which will be established following the transition. 

Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust, commented: “These are very exciting times for us. Following our transition, we can now compete more effectively with non-banks in this new and evolving competitive landscape, whilst creating more value for customers and shareholders than we ever could as a bank. 

Although we are delighted to have completed this rigorous transition process, we know that the hard work has just begun. We are in the final phase of building a new payments business that will deepen and extend digital financial services across Africa. We also believe that we are in a better position to drive an Asset Management business and a Pension Fund business, given our strong retail base and digital-first approach to financial services, which we have honed over the past decade.” 

Founded in 1990, Guaranty Trust has maintained an unbroken streak of year-on-year growth and a consistent lead in driving the digitization of financial services in Africa. It is the best managed financial institution in Nigeria, leading the industry across key financial indices, such as Return on Equity (ROAE of 26.0% in Q1 2021), Return on Assets (ROAA of 4.3% in Q1 2021), and Cost to Income ratio (42.6% in Q1 2021).

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3SC Shock Rangers in 2:2 Draw on Monimichelle Turf in Awka

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Shooting Stars of Ibadan last Saturday afternoon stunned the mammoth crowd at the Awka Township Stadium with a dramatic comeback to a 2-2 draw with Rangers Int’l of Enugu in the Match Day 36 encounter.

 

The two sides played out a goalless draw in the first 45 minutes with Rangers also Flying Antelopes having a number of near goal situations with no much anxious moment in their goal area.

 

Rangers FC broke the deadlock in the 46th minute through Shedrack Asiegbu, just at the resumption of play in the second half and in the 55th minute later through Chidiebere Nwobodo.

 

The Ibadan based side popularly known as Oluyole Warriors fought back through Moses Omoduemuke who scored in the 73rd and 88th minutes.

 

The comeback sent the excited Awka fans into a sudden chill while some of them had to leave the stadium before the final whistle.

 

The enraged fans including some veteran Rangers int’l said the way the team surrendered a comfortable 2-0 lead within 15 minutes called the technical judgment of Coach Abdul Maikaba to question.

 

Nwakaibeya Anene said, the Rangers spirit was already building up in Awka but the draws from their last two games especially when they were winning was a bad to pay fans for their loyalty.

 

“First half was good, we defended very well even when we lost chances to score but the game changed after we scored, our defense collapsed, that was why we conceded the goals.

 

“We even told the coach to play one of our best defenders but he sent him back, the draw was unnecessary, our players were uninspiring,” he said.

 

Reacting to their performance in the game, Isiaka Mutiu said it was a product of determination and belief in God.

 

“It is God, I must be honest with you because we can’t explain; all we know is that we put in every effort we could.

 

“Our general manager told us to believe in ourselves, that everything is possible and thank God we got that all important point.

 

Agoye Olumide, coach of Shooting Stars said the draw was a product from their game in Ibadan last week when Abia Warriors who came back from 0-2 to draw level.

 

He said the Awka stadium pitch also brought out the best in his players as it made for free flowing football.The Stadium was built by popular facility Manager,Monimichelle led by Ebi Moni-luv Egbe.

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Police launch manhunt for Sterling Bank staff for Stealing customers’ N300m

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The Delta State Police Command on Sunday says it has begun search for a female staff of Sterling Bank in Effurun Branch, Delta State for allegedly disappearing with customers’ money to the tune of N300 milion.

 

Police Public Relations Officer in the State, DSP Bright Edafe who confirmed this to our correspondent, said that the suspect, a female staff (name withheld) allegedly defrauded customers of the bank she works in the sum of N300million, adding that the police were seriously looking for her.

 

DSP Bright Edafe said that the female banker was said to have approached some account owners to grant her permission to be using their money for business while she would be giving the customers certain percentage every month, adding that this was not to be as it was discovered last week by one of the customers that the woman stopped coming to work and an attempt to reach her on phone was unsuccessful as her lines were switched off.

 

It was gathered that on getting to her house around Living Faith Church at Water Resources, Effurun where she lived, it was alleged that she had also absconded as one of her colleagues said that the female banker did business with customers’ money with their consent while it backfired when many people she gave money to refused to pay back, a situation that had kept her hiding from the people.

 

Edafe said that the police will do everything possible to arrest her, disclosing that her co-workers denied her whereabouts when the incident happened upon police investigation, adding that there has been palpable tension laced with threats to sack her co-workers who assisted her to ensure that she was allowed to be using the funds when they pleaded with the owners of the money.

 

He also revealed that her husband had been invited for questioning.

 

Kontongs Bello, Police Public Relations Officer, who confirmed this to journalists, said that the suspect is wanted for many cases that bothered on robbery, stealing among others, adding that the police will do everything possible to smoke him from his hideout.

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