Guaranty Trust Bank (GTBank) is in huge crisis as the financial institution has now sacked three (3) Executive Directors and six (6) General Managers.
Sources squealed to us that the shakeup exercise is to pave way for the emergence of the next Managing Director/Chief Executive of the bank under a Holding Company (Holdco) structure.
We gathered that three of its five Executive Directors, Bolaji Lawal, Jide Okunola and Ademola Odeyemi, were asked to retire.
We were also told that six of the bank’s nine (9) General Managers, who are said to be seniors to the MD-designate were asked to leave.
However, four (4) of the affected General Managers are; George Uwakwe – GM Risk, Femi Akerewusi – GM Corporate Bank, Lagos Mainland, Segun Fadahunsi – GM Systems and Control Division and Subuola Abraham – Chief Compliance Officer.
We learnt the two others were still unknown. Those in the know told us that amongst the criteria used was that all the GMs above the age of 45 should resign.
Meanwhile, those appointed include, John Thomas – MD West Africa, Bayo Vera Cruz – MD East Africa, Angela Koech – Regional CFO East Africa, Caleb Osei – Regional CFO West Africa, Olumide Oguntuase – Divisional Head ERM and Olayinka Odusote – Divisional head Digital banking.
Others are Osa Aimerioghene – CCO Compliance group, Muinat Lanre Kasim – Divisional Head Syscom and Ijeoma Esemudje – Divisional Head, Corporate bank/Mainland/Agric.
According to the sources, the new appointments follow the conclusion of a selection process that started about eight months ago to choose a successor to the current Managing Director/Chief Executive Officer, Mr. Segun Agbaje, who would be retiring from the bank, after serving 10 years having been appointed MD/CEO in 2011.
