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CSO Calls CBN, NASS, Security agencies To Probe Agbaje over Series of Alleged Financial Misconduct

Published

2 years ago

October 25, 2024

The group known as Global Integrity Crusade Network, GICN has called on Central Bank of Nigeria (CBN), National Assembly, Nigeria Police Force as well as UK National Crimes Agency (NCA) to urgently probe the alledged cases of Identity Theft and Fraud hanging on the neck of Group Chief Executive Officer of Guaranty Trust Holding Company Plc (also known as GTCO Plc Segun Julius Agbaje since August, 2021.

Speaking at a press conference, Thursday in Abuja, Director of Publicity and Mobilization, GICN, Amb. Adebayo Lion Ogorry, said that Segun Julius Agbaje could have fraudulently used the academic or residency credentials of his late father who started GTB to perfect its papers with Regulatory Agencies in the United Kingdom.

According to him, “On Thursday, 3rd October 2024, we presented a Private Investigation Report on the alleged unscrupulous, unethical and criminal activities of Guaranty Trust Bank Limited, a subsidiary of Guaranty Trust Holding Company Plc (also known as GTCO Plc) where Segun Julius Agbaje serves as Group Chief Executive Officer since August, 2021.

“Today, we are here to expose alleged cases of Identity Theft and Fraud hanging on the neck of the same Segun Julius Agbaje which if not resolved have the tendency to completely destroy the already shaky Guaranty Trust Bank Limited.

“From our latest investigation, one Julius K. Olusegun Agbaje is connected to Guaranty Trust Bank (UK) Limited, having been appointed Chair of the Governing Board since 7th March, 2016.

“This individual purportedly born in 1915, was approved by the UK Financial Conduct Authority (FCA) to perform specific roles at the Bank with Head Office contact details as 10, Great Castle Street, London, W1W 8LP, United Kingdom.

“It may interest you to know that other documents linked to the Group Chief Executive Officer of GTCO Plc reveal that he bears Chief Julius Kosebinu Agbaje with date of birth as 4th July, 1964. He also bears Segun Agbaje in other instances with same date of birth as 4th July, 1964.

“The question we are asking is WHO IS SEGUN JULIUS AGBAJE? While we seek answer to this question, we suspect that the man Segun Julius Agbaje could have fraudulently used the academic or residency credentials of his late father who started GTB to perfect its papers with Regulatory Agencies in the United Kingdom.

“This suspicion is further deepened by the fact that Segun Julius Agbaje, as prominent as he is in the banking sector, has little or no personal records on the internet. This is a huge cover up, which must not be ignored.”

He added: “We believe that if the war against corruption being led by President Bola Ahmed Tinubu must succeed, then there should be no room for sacred cows. Persons who are exposed to have been involved in any form of criminality must be brought to justice irrespective of their status, tribe, religion and political affiliation.

“Public institutions or private organizations under the supervision of government are supposed to be the paragon of trust in all ramifications. They must strive at all times to comply with the rules and ethics guiding their operations. This is particularly true of financial institutions such as a Bank.

“We call on the Central Bank of Nigeria (CBN), National Assembly, Nigeria Police Force as well as UK National Crimes Agency (NCA) to wade into these cases of Identity Theft and Fraud hanging on the neck of Segun Julius Agbaje. We note that the operations of Guaranty Trust Bank Limited in Nigeria have become so epileptic since the past two weeks.

“This should prompt Regulatory and Law Enforcement Agencies within or outside Nigeria to look into the recommendations contained in our Private Investigation Report earlier submitted.

“The overwhelming customers/investors patronizing GTB in Nigeria, Africa and United Kingdom have always counted on the supposed integrity of its owners. Therefore, for GTCO Plc being the main owner of GTB to allow Segun Julius Agbaje with such a doubtful and confusing identity to occupy the prestigious position of Group CEO portrays it as nothing but an ethically bankrupt entity.

“There is no gainsaying the fact that customers/ investors will not allow their funds to be trapped in the midst of uncertainties. As the situation stands, the funds belonging to customers/investors of GTB are not safe unless there is a total overhaul of the Bank’s Management Team.
“Suffice it to state that calamity looms at GTB if the relevant agencies do not take immediate actions. As the saying goes in legal parlance, you cannot put something on nothing and expect it to stand.

“The continuous occupation of the position of Group CEO of GTCO Plc by Segun Julius Agbaje was fraught with illegality from the beginning and must not be allowed to stand.

“We urge sister Civil Society Organizations, Anti-Corruption Crusaders, Lovers of Justice and relevant stakeholders in the nation’s Banking Sector to join us in stamping out corruption from GTB in particular and Nigeria at large.”

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Musawa Seeks Broader Significance for June 12

Published

1 day ago

October 3, 2026

The Gleamer

Joel Ajayi

The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, Esq., says June 12 must be remembered as a sacrifice that gave Nigerians democracy, beyond its status as a public holiday.

In a statement signed on Saturday by the Senior Assistant Media & Publicity to the Honourable Minister,Federal Ministry of Art, Culture, Tourism and the Creative Economy Dr Nneka Ikem Anibeze Ph.D in Abuja.

Musawa stated this at the national premiere of “MKO”, a film on Chief Moshood Abiola, held at the Wole Soyinka Centre for Culture and Creative Arts, Lagos, to mark Nigeria’s 66th Independence Anniversary.

She said 33 years after June 12, 1993, many young Nigerians know it only as a holiday, but the film turns it back into memory.

“For too many young Nigerians, June 12 is simply a public holiday. This film tells them that our democracy did not arrive by chance. It was fought for. It was defended. It was paid for. This documentary is in honour of the heroes of June 12, the men and women who gave their lives for the mandate of June 12, 1993 and for the democracy Nigeria enjoys today,” the Minister said.

Musawa hailed President Bola Ahmed Tinubu, Chief Host, for his participation in the June 12 struggle and paying the price in exile, adding that Nigeria’s creative industry will keep telling the story of its democracy with courage.

“Through film and the creative economy, Nigeria will preserve its history. A nation that forgets its past loses its way to the future. Nigeria has a story and our story deserves to be told,” she said.

Earlier, the director of the investigative documentary, Ose Oyamendan, said the film was in honour and memory of heroes who fought for Nigeria’s democracy.

“There was Hope ’93 and now there is Renewed Hope. There was a man who sacrificed his life so we may have democracy and there is a man who almost lost his life fighting for democracy who is now helping build a lasting democracy.

“There was a great man called Bashorun MKO Abiola and there is now another great man called Asiwaju Bola Ahmed Tinubu. Democrats. Nationalists. Nation builders. Leaders of men and women. We must never forget our story. We must always honour and remember our heroes,” Oyamendan said.

Top government officials including President Bola Ahmed Tinubu, the wife of the President Senator Oluremi Tinubu; Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, Chairman of the Nigeria Governors’ Forum AbdulRahman AbdulRazaq, Chief of Staff to the President Rt. Femi Gbajabiamila, state Governors, members of the National Assembly, Ministers and other distinguished dignitaries attended the premiere.

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