GTB reacts to news on change of its management

 

For several days now, news has been flying around on a management shift in Nigeria’s leading bank Guaranty Trust Bank with a purported list of its new management staff.

The bank has however issued a statement in this regard. While it didn’t debunk nor confirmed the story, the bank however says it would formally communicate these details after all necessary regulatory engagements has been made.

See excerpt below:

“The attention of Guaranty Trust Bank plc (the Bank) has been drawn to news circulating in the media about imminent changes on the Board and Management of the Bank.

As an organization listed on the Nigerian Exchange Limited and regulated by the Central Bank of Nigeria, there are processes that guide such Board changes and channels of communication of such changes as required by regulation.

The Board of the Bank has approved certain changes in its constitution and is presently engaging its primary regulator on same and would formally communicate upon the conclusion of all required regulatory engagements.”

The bank’s management led by Segun Agbaje however is due to be changed as a number of key management staffs have met the mandatory number of service years.

See the full press release below: