Outgoing GTbank MD, Segun Agbaje Enmeshed in multi million Naira Scam …Whisked by EFCC for interrogation over his involvement in $677,500 transactions with Chinese company.

Outgoing GTbank MD, Segun Agbaje Enmeshed in multi million Naira Scam

Whisked by EFCC for interrogation over his involvement in $677,500

transactions with Chinese company 

What is emanating from one of Nigeria’s most favored commercial banks,Guaranty Trust bank is very souwer in the mouth. The outgoing MD/CEO Segun Agbaje who is rounding off his tenure is being fingered in a monumental fraud of over N300m. We gathered authoritatively that the hitherto saintly Segun Agbaje has been perpetrating this innocuous act of beating the bank on account of his edge in the bank. The latest revelation is that Segun Agbaje, an astute banker, has a way of circumventing banking roles and regulations to advance loans to blue chip companies in return for good commissions which are hidden to many top staff of the bank. The latest is the discovery of a $67,500 transactions he did with a Chinese company which opened his yansh, among many malfeasances he did while in office. Segun Agbaje, though a very good financial expert, has now found himself allegedly liable for this offence that may earn him a bad name if the allegations against him for this particular allegation are proven. As you read this, Segun Agbaje and two others are answering questions from anti graft agency, EFCC, over this discovery that was borne out of a petition sent to the agency by a top staff of the bank, Segun Fadahunsi, who is believed to be a General Manager with the bank. Details of this recent revelation are however still hazy, but our findings revealed that the outgoing MD, Segun Agbaje is not finding it easy at all on how to defend himself in his involvement over the monumental scandal. He was whisked to the EFCC office and what actually transpired there still remains to be unraveled, because no sooner than he was taken there, and made whatever he knew about the transactions, he was released, pending further investigations into the stout revelations that could make or mar his good records as a banker of repute, which many know him to be. In fact, it is being speculated in some quarters that those he may have stepped on, within the bank, are responsible for his present travails, because they know of his inherent anti-bank activities, but have always been cowed, because of his almightiness as the head and unquestionable master of the bank when he held sway. Now that he is bowing out of the bank, they are using their opportunity to vent their spleen on him, which they believe he will find very hard to believe. But the bottom line is that there is no smoke without fire, so Segun Agbaje must absolve himself of this scath that is threatening to impede his record as a banker without blemish.


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Abiodun Adisa is the CEO of Applaud Multimedia Services Publisher of Applaud News Magazine and Online @www.applaudnews.com.ng

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