AGM:Shareholders Commend GTBank,Cautions over N500BN Litigation

The shareholders of GTBank Plc has commended the bank over its performance in the 2017 financial year,even as they cautioned the bank on its litigation total of N500billion.

The shareholders who aired their views on the occasion of its Annual General Meeting Tuesday Chaired by Mrs A.Demuren called on the board to initiate succession planning in the bank by appointing a Deputy Managing Director.
Speaking at the meeting ,a popular shareholder of the bank,Sir Sunny Nwosu said the call for succession planning is aimed at appointing someone to under study the current CEO who is doing so well at the helm of the bank.
He called on the bank and other investors in the banking sector to join the shareholders in their effort to stop the current move by Asset Management Company of Nigeria(AMCON) to extend its deadline beyond the stipulated 10 years at the National Assembly,saying that the agency has in the last 7years milked N60billion from GTBank and its shareholders.
Sir Sola Aboderin,Boniface Okezie,Nona Awo,Funke Augustine etc thanked the bank and its staffers,but warned them to beware of undue infractions that cost it some money in the period in review.

The CEO,Segun Agbaje in his reply maintained that the bank is on top of its game and that it will up the ante going forward.

He promised to work harder in the areas of non performing loans with a view to scaling it further down,retail banking and what have you,saying that it was impairment resulting from th Etisalat debt that made its books look a little bad in that direction otherwise its just about 4% in actual.