News
Fraudulent Practices: Zero Tolerance for Corruption Vanguard Lambasts GTBank, Wants Government Intervention
In a passionate statement to the press, Richard Aro, convener of the Zero Tolerance for Corruption Vanguard, has condemned the operations of Guaranty Trust Bank (GTBank), calling the financial institution a “fraudulent organisation” and urging Nigerians to avoid using their services.
Aro highlighted the severe impact of the bank’s alleged fraudulent activities, especially on rural communities where elderly Nigerians depend on remittances to sustain their livelihoods.
According to Aro, many rural dwellers never receive the funds sent to them, or in some cases, do not even get notifications of transfers, adding to the growing frustration of the bank’s customers.
He further criticized the bank’s customer service, claiming that its representatives are often rude, unhelpful, and disorganised, leaving many Nigerians unable to resolve issues effectively.
Aro, who spoke on behalf of both urban and rural Nigerians, demanded that the federal government step in, warning that GTBank’s practices pose a serious threat to the country’s economy and security.
Comrade Emmanuel Oteku, a GTBank customer, shared his own harrowing experience, claiming that his transfer failed to reach recipient, and that attempts to resolve the issue have proven futile.
The group called for the federal government to investigate GTBank’s activities and for the bank’s CEO, Segun Agbaje, to step down and face prosecution.
Foreign news
Algeria’s Glorious Revolution: Embassy Marks 72nd Anniversary in Abuja
Joel Ajayi
The Embassy of Algeria in Nigeria has commemorated the 72nd anniversary of the country’s Glorious Revolution of November 1, 1954, with a reception in Abuja, highlighting Algeria’s liberation struggle and strengthening diplomatic relations with Nigeria.
The event, held on November 9, 2026, at Continental Suites Hotel, attracted prominent personalities, including the Speaker of the House of Representatives, Dr Tajudeen Abbas, members of the Federal Government, senior government officials, heads of diplomatic missions and other friends of Algeria.
Speaking at the reception, Algeria’s Ambassador to Nigeria, Hocine Mezoued, welcomed guests and paid tribute to the country’s freedom fighters who sacrificed their lives during the struggle for independence.
He described the November 1, 1954 revolution as the foundation of modern Algeria, noting that the sacrifices of the nation’s martyrs made it possible for the country to reclaim its sovereignty.
On Algeria’s development agenda, Mezoued said President Abdelmadjid Tebboune’s administration had continued to pursue economic reforms, diversification and national development under its New Algeria vision.
He noted that the country was recording progress in non-hydrocarbon exports, while improvements in the business environment had boosted investor confidence and attracted significant foreign investments.
On foreign policy, the ambassador reaffirmed Algeria’s commitment to non-interference, respect for national sovereignty, peaceful conflict resolution and the right of peoples to self-determination.
Addressing security challenges in the Sahel, he stressed that lasting peace could not be achieved through military measures alone, insisting that economic development, inclusive dialogue and peaceful resolution of disputes remained essential.
Turning to Nigeria-Algeria relations, Mezoued described the partnership as one founded on shared values and the commitment of both countries’ leaders to advancing African development.
He identified the Trans-Saharan Highway, Trans-Saharan Gas Pipeline and Trans-Saharan Fibre Optic Backbone as major strategic projects receiving attention from both countries.
The ambassador also disclosed that Algeria had continued to provide scholarships to Nigerian students to strengthen human capital development and capacity building.
He further announced that Air Algérie expanded its Nigerian operations on October 26, 2026, with the introduction of two weekly flights to Lagos, expressing confidence that the service would boost trade and tourism.
Looking ahead, Mezoued said 2027 would offer fresh opportunities to deepen bilateral cooperation, particularly through the fifth Joint High Bi-National Commission scheduled to hold in Abuja.
He expressed optimism that the meeting would provide an opportunity to assess existing partnerships, identify new areas of cooperation and move Nigeria-Algeria relations towards a more practical and results-driven phase.
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