GTBank SME MarketHub gives Black Friday Celebration a new color with amazing giveaways.

All over the world, Black Friday is the biggest online shopping event of the year. In recent years, it has become synonymous with great deals and best buys as it provides a platform for online retailers to offer their biggest no holds barred discounts to customers. In anticipation of this year’s celebration, leading financial institution, Guaranty Trust Bank Plc has launched the Black November campaign on its e-commerce platform, The SME MarketHub, to reward customers with 7-days of amazing deals and giveaways.

This year, as against the usual 1- day promotional sales offer experienced on Black Friday, the GTBank SME MarketHub has raised the notch a step higher with the introduction of its Black November campaign which is set to thrill customers with 7 days of exciting deals starting Tuesday, November 24th to Monday, November 30th. Customers can expect something new and exciting each day of the campaign.

For the first time in Nigeria, the SME MarketHub Black November Sale will offer shoppers access to both products and services at discounts of up to 70% off. Also, as an added bonus to customers, the SME MarketHub has introduced amazing discounts on traditionally exclusive items such as automobiles, travel packages and luxury goods. With Black November campaign, online shoppers will also experience the recently launched 3K store, which offers a wide variety of pocket friendly items for N3,000 and below. The cherry on the cake for online shoppers will probably be the Bank’s collaboration with British Airways to offer 15% airfare discount vouchers to shoppers who spend N10,000 or more.

The GTBank SME MarketHub is an online shopping platform that allows consumers shop from a wide variety of products and services from thousands of businesses. Offers amazing deals on fashion, food, electronics, books, travel, automobiles, real estate, services and more. Additionally, the platform provides increased visibility for Small and Medium Enterprises (SMEs) through its global directory, which allows individuals search and find businesses across the country with ease and convenience.

Visit www.smemarkethub.com to partake in the most anticipated shopping event of the year.

GT BANK UNVEILS SKS YOUNG INVENTOR COMPETITION

GT BANK UNVEILS SKS YOUNG INVENTOR COMPETITION

Foremost financial Institution; Guaranty Trust Bank (GTBank), has unveiled the SKS Young Inventor Competition which is expected to run between October 27th and November 30th. The SKS Young Inventor Competition is an amazing journey to find the next generation of inventors and forward thinking citizens, committed to the growth of the country. The bank embarked on this initiative in order to help children give expression to their imagination through invention.

The National Competition is powered by GTBank Smart Kids Save account, as part of a series of activities lined up to commemorate the 10th year anniversary of the SKS product and is open to all SKS customers aged between 4–17 years old.

According to a representative from the Bank, we are excited about the “SKS Young Inventor” competition because it is not just about organizing a campaign for children to win gift items, but about inspiring young minds to aspire for the greatest heights in everything they do and promoting our core values of excellence, innovation and service. These values make us unique and inform our identity as a Proudly African and Truly International Bank.

To participate in the competition, entrants may submit a photograph/drawing or blueprint of their invention along with a written summary describing what the invention can do. Entries can be submitted via e-mail to sks@gtbank.com and all participants are eligible to enter once, as multiple entries will be disallowed. Winners will be notified by telephone or email and a list of prize winners will be published on the corporate website www.gtbank/sks.com.

The Smart Kids Save account is designed to inculcate financial literacy in children and teenagers early in life as well as promote a healthy savings culture amongst them. Parents can open the account with as low as N1, 000 (One Thousand Naira) in any Guaranty Trust Bank branches nationwide.

The GT Bank Smart Kids Save account is a product designed specially to help parents save for their children as well as teach children about the importance of saving. This new competition from the Bank, is part of a series of activities lined up to commemorate the 10th year anniversary of the SKS product.

Earlier in the year, the Bank held the “Little Picasso Contest” which provided children an opportunity to express themselves through art as well as the ‘In Your Mother Tongue’ Competition that was geared to promote cultural awareness in children.

URGENT VACANCY

We are seeking a highly skilled Senior ASP.NET/VB.NET developer with a strong background in building scalable, predictable, high-quality and high-performance web applications on the Microsoft technology stack.
We are an integrated Information technology company offering ERP solution, CRM, networking and custom built system solution.
The successful candidate will be responsible for the development of the slaes activities and will oversee the recruitment and training of sales executives and is required. He is expected to provide leadership towards the achievement of maximum profitability and growth in line with company vision and values.

As a Senior Developer, you will be responsible for building and maintaining internal and externalfacing web applications. This person will work with a team of experienced analysts, developers and business resources to build highly-performing enterprise systems that is very effective. Build new systems with .NET3.5/4.0 / ASP.NET / VB.NET / SQL Server 2008 / WCF Web Services / WCF Data Services.
• Develop new functionality on our existing software products.
• Three (+) years experience with ASP.NET/VB.NET.
• Two (+) years working with SQL Server (2005/2008 preferred).
• Solid understanding of object-oriented programming (OOP) such as memory management and low-level algorithm performance.
• Deep knowledge of the .NET 3.5/4.0 Framework, including Visual Studio 2008, VB.NET, ASP.NET, ASMX and WCF Web Services, and ADO.NET.
• Strong knowledge of software implementation best practices.
• Strong experience designing and working with n-tier architectures (UI, Business Logic Layer, Data Access Layer) along with some experience with service-oriented architectures (SOA).
• Ability to design and optimize SQL Server 2008 stored procedures.
• Experience with JQuery or similar technologies.
• Ability to adapt quickly to an existing, complex environment.
• Ability to quickly learn new concepts and software is necessary.
• Candidate should be a self-motivated, independent, detail oriented, responsible team-player and exhibit exceptional relationship management skills.
• Passionate about building high-quality systems with software implementation best practices while leading and mentoring a team of developers.
Education:
• Bachelor's degree in Computer Science, Software Engineering or a related area is preferred.
• Microsoft certifications are a plus.



We are seeking a highly skilled Senior ASP.NET/VB.NET developer with a strong background in building scalable, predictable, high-quality and high-performance web applications on the Microsoft technology stack.

Requirement

• You will be responsible for building and maintaining internal and externalfacing web applications. Work with a team of experienced analysts, developers and business resources to build highly-performing enterprise systems that is very effective. Build new systems with .NET3.5/4.0 / ASP.NET / VB.NET / SQL Server2005 and above/ WCF Web Services / WCF Data Services and XML.
• Coding for development, maintenance, and functionality updates
• Develop new functionality on our existing software products.
• Three (+) years experience with ASP.NET/VB.NET.
• Strong SQL programming experience with SQL Server 2005/2008 with Knowledge of SQL Server (Reporting Service, Integration Service and Database Service and complex stored procedures will be advantage
• Solid understanding of object-oriented programming (OOP) such as memory management and low-level algorithm performance.
• Deep knowledge of the .NET 3.5/4.0 Framework, including Visual Studio 2008, VB.NET, ASP.NET, ASMX and WCF Web Services, and ADO.NET.
• Working knowledge of SOA, XML, SOAP, JavaScript, CSS, DHTML, and DOM. AJAX is an advantage
• Strong knowledge of software implementation best practices.
• Strong experience designing and working with n-tier architectures (UI, Business Logic Layer, Data Access Layer) along with some experience with service-oriented architectures (SOA).
• Ability to design and optimize SQL Server 2008 stored procedures.
• Experience with JQuery or similar technologies shall be an advantage.
• Ability to adapt quickly to an existing, complex environment.
• Ability to quickly learn new concepts and software is necessary.
• Candidate should be a self-motivated, independent, detail oriented, responsible team-player and exhibit exceptional relationship management skills.
• Passionate about building high-quality systems with software implementation best practices while leading and mentoring a team of developers.
• Strong understanding of, and experience with, Web Server (IIS0 and database administration
• Must possess problem-solving skills and ability to multi-task
• Excellent testing, designing and troubleshooting skills
• Experience deploying and configuring .Net applications on servers a must
• Strong written, verbal, and interpersonal communication skills
• Must be able to work independently and in a team environment working with local and remote teams
• Must be able to develop solution based on functional specification
• Knowledge of project management methodologies
• Must be able to work around projects and deadlines with readiness to put in extra efforts when necessary


Qualification:
Bachelor's degree in Computer Science, Software Engineering or a related area is preferred.
Microsoft certifications are a plus.



We are an integrated Information technology company offering ERP solution, CRM, networking and custom built system solution.
We are seeking a highly skilled Senior ASP.NET/VB.NET developer with a strong background in building scalable, predictable, high-quality and high-performance web applications on the Microsoft technology stack.
•You will be responsible for building and maintaining internal and external facing web applications. Work with a team of experienced analysts, developers and business resources to build highly-performing enterprise systems that is very effective. Build new systems with .NET3.5/4.0 / ASP.NET / VB.NET / SQL Server 2005 and above/ WCF Web Services / WCF Data Services and XML.
•Coding for development, maintenance, and functionality updates
•Develop new functionality on our existing software products.
Qualification:
HND or Bachelor's degree in Computer Science, Software Engineering or equivalent.
Microsoft certifications are a plus.
•Deep knowledge of the .NET 3.5/4.0 Framework, including Visual Studio 2008, VB.NET, ASP.NET, ASMX and WCF Web Services, and ADO.NET. C#
• Working knowledge of SOA, XML, SOAP, JavaScript, CSS, DHTML, and DOM. AJAX is an advantage



Sales Manager Job Objective:
Responsible for the development and performance of all sales activities in assigned market. Staffs and directs a sales team and provides leadership towards the achievement of maximum profitability and growth in line with company vision and values. Establishes plans and strategies to expand the customer base in the marketing area and contributes to the development of training and educational programs for clients and Account Executives.


Responsibilities:
• Develops a business plan and sales strategy for the market that ensures attainment of company sales goals and profitability.
• Responsible for the performance and development of the Account Executives.
• Prepares action plans by individuals as well as by team for effective search of sales leads and prospects.
• Initiates and coordinates development of action plans to penetrate new markets.
• Assists in the development and implementation of marketing plans as needed.
• Conducts one-on-one review with all Account Executives to build more effective communications, to understand training and development needs, and to provide insight for the improvement of Account Executive’s sales and activity performance.
• Provides timely feedback to senior management regarding performance.
• Provides timely, accurate, competitive pricing on all completed prospect applications submitted for pricing and approval, while striving to maintain maximum profit margin.
• Maintains accurate records of all pricings, sales, and activity reports submitted by Account Executives.
• Creates and conducts proposal presentations and RFP responses.
• Assists Account Executives in preparation of proposals and presentations.
• Controls expenses to meet budget guidelines.
• Adheres to all company policies, procedures and business ethics codes and ensures that they are communicated and implemented within the team.
• Recruits, tests, and hires Account Executives based on criteria agreed upon by senior management.
Relationships and Roles:
Internal / External Cooperation
• Insures that all Account Executives meet or exceed all activity standards for prospecting calls, appointments, presentations, proposals and closes.
• Delegates authority and responsibility with accountability and follow-up.
• Sets examples for Account Executives in areas of personal character, commitment, organizational and selling skills, and work habits.
• Conducts regular coaching and counseling with Account Executives to build motivation and selling skills.
• Maintains contact with all clients in the market area to ensure high levels of client satisfaction.
• Demonstrates ability to interact and cooperate with all company employees.
Job Specifications:
• 5-7 years of experience in sales management.
• Experience with enterprise software solutions and large, complex organizations.
• Extensive experience in all aspects of Supplier Relationship Management.
• Strong understanding of customer and market dynamics and requirements.
• Willingness to travel and work in a global team of professionals.
• Proven leadership and ability to drive sales teams.



We are an integrated Information technology company offering ERP solution, CRM, networking and custom built system solution.
The successful candidate will be responsible for the development of the slaes activities and will oversee the recruitment and training of sales executives and is required. He is expected to provide leadership towards the achievement of maximum profitability and growth in line with company vision and values.


Responsibilities
• Develops a business plan and sales strategy for the market that ensures attainment of company sales goals and profitability.
• Responsible for the performance and development of the Account Executives.
• Prepares action plans by individuals as well as by team for effective search of sales leads and prospects.
• Initiates and coordinates development of action plans to penetrate new markets.
• Assists in the development and implementation of marketing plans as needed.
• Conducts one-on-one review with all Account Executives to build more effective communications, to understand training and development needs, and to provide insight for the improvement of Account Executive’s sales and activity performance.
• Creates and conducts proposal presentations and RFP responses.
• Assists Account Executives in preparation of proposals and presentations.
Qualification
• 5-7 years of experience in sales management.
• Experience with enterprise software solutions and large, complex organizations.
• Extensive experience in all aspects of Supplier Relationship Management.
• Strong understanding of customer and market dynamics and requirements.
• Willingness to travel and work in a global team of professionals.
• Proven leadership and ability to drive sales teams.

We are seeking a high performance sales executive to join our sales team to market high brand Sage ERP , CRM, HR system and telecommunication products.
Responsibilities:
• Initiates and coordinates development of action plans to penetrate new markets.
• Assists in the development and implementation of marketing plans as needed.
• Provides timely feedback to senior management regarding performance.
• Provides timely, accurate, competitive pricing on all completed prospect applications submitted for pricing and approval, while striving to maintain maximum profit margin.
• Maintains accurate records of all pricing, sales, and activity reports.
• Creates and conducts proposal presentations and RFP responses.
• Adheres to all company policies, procedures and business ethics codes.
Experience
• 1-3 years of experience in sales operations.
• Willingness to travel
• Experience with software and or ICT products sales.

Email CV and Letter of Motivation to career@lagetronix.com Before 3rd November 2015 For Further Information You can call 07067523702

APPLE ISTORE IKEJA OFFERS 50% TRADE-IN ON NEW IPHONE6

APPLE ISTORE IKEJA OFFERS 50% TRADE-IN ON NEW IPHONE6

Apple iStore has reiterated its commitment to offer up to 50% of the current iPhone value when you trade in your iPhone for a new one on any cash purchases at iStore in Ikeja Mall.

Most exciting about this offer is that, Apple loyalists can trade-in up to two Apple iPhones and use the total trade-in value towards a single new iPhone. Located at Shop L62 at the Ikeja Shopping Mall, the official Apple iStore is the home of absolutely everything Apple ranging from iPhones, iPads to the latest sleek MacBook.

This offering being first of its kind in Nigeria makes it easier for customers to trade in their working device and derive maximum benefit and product security of 1year warranty from Apple for every “buy official” rather than buying grey products from unauthorized resellers. To enjoy these deals, customers need to only register online and proceed to iStore with the confirmed receipt to trade their current iPhone for a brand new one .

The trade-in values apply to new iPhones purchased from iStore. The unbeatable values range from N27 000* for iPhone 5 16GB to N120 000* for iPhone 6 Plus 128GB.

Consumers in Nigeria have been advised once again that getting the new iPhone from iStore will entitle them to expert advice, support, and free training. They also have the added peace of mind of knowing that the device has all its stunning features fully activated, including FaceTime for video calling over cellular of WiFi networks. In addition, there is an official one-year warranty from Apple , and fullest assurance that the new iPhone will be fully compatible with Nigerian cellular networks.



According to an iStore official, "you can trade-in up to 2 devices and put that value toward a new iPhone. All you need to do to obtain your trade-in voucher is register at www.myistore.com/ng. The voucher will be sent by email, and can be used at iStore when you trade in your current iPhone for a brand new one. If you would prefer not to register online, you can come straight into the store and be assisted with your trade-in."



iStore is an Apple Authorised Reseller (AAR) which is a dedicated hub for Apple products and accessories. iStore aims to maximise customer value offerings by providing an authentic Apple experience and offering customers exclusive services such as in-store complimentary training, technical support, and technical setup.



For more information and great Apple offers, visit www.myistore.com.ng

GTBank MD; wins West Africa’s Business Leader of the Year

GTBank MD; wins West Africa’s Business Leader of the Year

Guaranty Trust Bank plc has once again reaffirmed its position as a leading global brand with the recent recognition of its Managing Director/CEO; Segun Agbaje as West Africa’s Business Leader of the Year during the 2015 All Africa Business Leaders Awards (AABLA).



The All Africa Business Leaders Awards in partnership with CNBC Africa recognizes individuals who have made profound impact in their respective areas by demonstrating innovation, integrity, accountability and adherence to global best standards.



According to Roberta Naicker, Managing Director of the ABN Group, CNBC Africa is proud to continue the tradition of celebrating visionary leadership and excellence in business across Africa. Through this award, we distinguish and honor leaders who have contributed and shaped the African economy. She further stated that, “In winning this award, Segun Agbaje epitomizes the core values of a successful leader; strength, innovation, ingenuity, knowledge and foresight – values that are imperative to creating and sustaining a business within the Pan-African and global economy.



Commenting on the award, Segun Agbaje, Managing Director/CEO of GTBank said "I am humbled and proud to be recognized as the West African Business Leader of the Year. This award is a testament to a great team of passionate and committed people working tirelessly to build a Proudly African and Truly International Institution. With a vision to create an oasis in Africa where things are done properly, in line with global best practices and ethical standards, the Bank has experienced tremendous growth and achieved significant successes over the years.



He further added that “As a dynamic and driven team, we are determined to achieve more and consolidate our leading position in the banking industry by aggressively pursuing innovative solutions and maintaining a high standard in creating sustainable value for stakeholders.



Under his leadership, the Bank has maintained its dominance of the industry by continually recording significant and enviable financial and non-financial performance. His profundity and vivid understanding of diverse financial landscapes has been critical in ensuring the Bank’s successful foray into various financial markets across West & East Africa while maintaining a presence in Europe through its UK Subsidiary. In due recognition of his visionary leadership, Mr. Agbaje is the recipient of several international accolades such as CEO of the Year from Finance Monthly and Banker of the Year from Finance Monthly and Banker of the Year from World Finance.

GTBank Empowers Growth of SME Sector in Nigeria:Partners AFD to provide long term financing to the real sector

PRESS RELEASE
GTBank Empowers Growth of SME Sector in Nigeria:Partners AFD to provide long term financing to the real sector

LAGOS, NIGERIA – October, 2015

Foremost African financial institution; Guaranty Trust Bank plc has partnered with Agence Française de Développement (AFD) to launch the N3 Billion Ariz Portfolio Guarantee Scheme, an initiative designed to boost financing for business start-ups and development projects in Nigeria. The partnership with GTBank, which is the first in Anglophone Africa, will support the growth of SMEs by providing a risk sharing mechanism on loan advances.

The Ariz Portfolio Guarantee Scheme provides Banks, private equity investors and other financial institutions a safer platform to increase participation in SME financing by providing foreign guarantees to local credit facilities advanced to SMEs. Since its inception in 2008, The Ariz Portfolio Guarantee Scheme has expanded to over 20 francophone countries in Africa, and has teamed up with more than 40 partner banks worldwide. The scheme has seen a steady rise in the number and volume of guarantees allocated (up 80% annually over the past 3 years) and an increasing number of companies have been able to develop each year, with thousands of jobs created.

According to the French Ambassador to Nigeria, Ambassador Denys Gauer, “Small and Medium enterprises (SMEs) have a key role as drivers of economic growth and employment. However, despite the widespread presence of SMEs in Nigeria, the sector faces major obstacles such as the limited access to bank financing, mostly because of the risk factor associated with SMEs. The objective of this scheme is to facilitate SMEs’ access to finance by supporting the development of the GTBank portfolio of SME loans.”

Speaking at the launch of the event, Mr. Segun Agbaje, Managing Director/CEO of GTBank said “empowering small & medium scale enterprises remains pivotal to the sustenance of growth and development in emerging economies across the world. This sector remains crucial to the economic make-up of Nigeria yet contributes little to our national GDP. We are determined to help rewrite this narrative by boosting access to long term financing for the sector.”

He further stated that, “The partnership with AFD is the first for any Anglophone speaking country and reaffirms the Bank’s commitment to building a strong SME sector buoyed by easy access to long term financing. As a Bank, we will continue to provide solutions to help smaller businesses build capacity and improve their knowledge of managing businesses. Earlier in the year, using our SME MarketHub platform, we organized a training program for small business owners on capacity building, business ethics and global best practices.
Communication & External Affairs
Tel: 234-1-2715227

GTBank MD; Segun Agbaje recognized as CEO of the Year...Wins 2015 Finance Monthly CEO Awards

The Foremost African financial institution, Guaranty Trust Bank plc has again endorsed its position as a leading global brand with the recent recognition of its Managing Director/CEO, Segun Agbaje, as CEO of the Year at the 2015 Finance Monthly Global Awards

The Monthly Finance Awards, which is in its seventh year, is one of the most sought after industry awards and compiled by a dedicated team of researchers, who draw on the views of thousands of stakeholders including investors, analysts, executives, employees, and media professionals worldwide.
The research results are used to inform and identify best management practices and critical success factors, and ultimately recognize achievement in business.
Every year, Finance Monthly magazine identifies and honours the most respected companies and their leaders, by recognizing extraordinary individuals who have shown the strategic foresight and leadership to deliver superior performance over the past 12 months, effectively managed all key stakeholders and prepared the organization for the next phase of growth.
According to Mark Palmer, Finance Monthly Magazine’s Editor-in-Chief, “The success of every business starts with a strategic, resourceful and engaging leader. It is these qualities that help foster team spirit and employee motivation, which in turn create a successful company.

“The CEOs listed within Finance Monthly’s 2015 CEO Awards publication are corporate leaders who deliver results and have achieved considerable success in their sectors.
In winning this award, Segun Agbaje, Managing Director/CEO of Guaranty Trust Bank Plc stands out as one of Africa’s most successful, innovative and forward thinking CEOs whose inspiring leadership has helped create an enduring organization with deep beneficial impact on the wider community and society at large.”
Commenting on the award, Agbaje said, “We operate in challenging business environments, but we believe that our stakeholders should be better off for partnering with us thus, we set high goals and benchmark ourselves against global standards which influence our service culture and product offerings, thereby enabling us to remain relevant to our customers while adding value to all stakeholders.

“For us, this award is an indication that we have earned the loyalty of our customers and an attestation of the hard work and dedication of our staff, management and Board without whom this award would not have been possible.
Whilst thanking the Bank’s customers for their continuous patronage and tremendous support over the years, he further stated that the Bank would continue to leverage its brand equity to tap into the growth potentials of African economies.

GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best-run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world-class corporate governance standards, excellent service quality and innovation.

The Abuja Centenary City ‘Address Set to Elevate Nigeria

The Abuja Centenary City ‘Address’ Set to Elevate Nigeria
Nigeria’s long term vision of becoming a world class business destination and put the country in the global property map, has received a huge boost with the launch and rapid development of “The Address Hotels + Resorts” in Abuja, by Eagle Hills.
A city within a city, this project is a truly multifunctional development that offers a complete cosmopolitan lifestyle to its residents, as well as serves as a hub for the wider community. Centenary City, a smart, inter-connected urban centre that draws on the innovative technologies, will have a central business district, a financial centre, a museum and cultural centre to promote African and global arts, world-class hotels, business and technology parks, residential districts, an 18-hole golf course, industry centres, sports and leisure facilities and community amenities.
Eagle Hills, a UAE-based private real estate investment and development company, has reconfirmed The Address Resorts as a core element of the Abuja Centenary City, its premier lifestyle free trade zone development in Abuja. The Address Abuja, which is already under rapid construction, promises to introduce a new concept in Nigeria for hospitality and residential living with serviced villas and apartments.

The Abuja Centenary City will be an interconnected, smart and intelligent city that will create several thousand new jobs and promote other sectors such as retail, hospitality and leisure, and also serve as a significant attraction in securing further direct foreign investment to Nigeria

The Address Abuja in Centenary City is designed to work in harmony with nature: an exclusive community becoming part of the natural landscape and offering both an impressive downtown skyline and peaceful suburban living. Conceptualised by one of the world's finest hospitality labels, The Address Residence serviced apartments, will be the city's most exclusive uptown address, offering the pinnacle of urban life, ultra-modern towers and a breathtaking view of Centenary City. Residents will be able to enjoy a host of world-class amenities both inside and around their homes from fully equipped gyms, swimming pools and premier wellness facilities to closely located convenience stores and services.

It is set in a spectacular position, offering breathtaking views of Centenary City and the surrounding landscape. The podium deck is the front door of the project, featuring a carefully detailed complex of private decks, infinity pools, concierge services, and the ultimate in club facilities, all within a resort atmosphere. The development aims to boost the Nigerian hospitality sector, bringing it in par with international standards across the globe.
Mohamed Alabbar, an Executive board member of Eagle Hills said: “Centenary City Abuja is a fitting tribute to the Nigerian nation.

The 1,300-hectare master-planned community, is envisaged as a spectacular city hub and the largest of its kind in Africa. The Address Residence Abuja will be the latest premier property embodying the company’s progressive spirit. The project features a residential community consisting of four- to ten-bedroom luxury villas and one- to three-bedroom apartments.”
Philippe Zuber, Chief Operating Officer of The Address Hotels + Resorts said “The Address Abuja, the five star premium brand brings a new identity to the hospitality and service offering in Nigeria and the region. The Address chooses central locations to offer its customers the best in entertainment, leisure and overall convenience, guaranteeing a first-class hospitality experience for every resident and guest. The Address Hotels + Resorts group philosophy is to offer a more personal and approachable experience to guests in a lifestyle environment, whether it be business, leisure or group travelers. Its motto ‘Where life happens’ demonstrates the versatile approach of The Address to servicing every customer, guaranteeing a first-class hospitality experience for every guest; making it the perfect addition to Centenary City.

With excellent connectivity to the main highway, 30 minutes from the city centre and less than 10 minutes from the airport, The Address Abuja in Centenary City is located in the heart of this spectacular development.
The arrival of The Address Hotel in Nigeria at Centenary City Abuja is symbolic of Eagle Hills’ approach to developing flagship mixed-use master-planned communities in high growth cities of the future. The urban expansion and renewal projects positively impact business and tourism while also ensuring sustainable economic growth. When completed, Centenary City will be an interconnected, smart and intelligent city that will create several thousand new jobs and promote other sectors such as retail, hospitality and leisure.
Eagle Hills is a global developer of iconic real estate assets and a provider of premium lifestyles that helps countries raise their global profiles to new heights. Their properties aim to become flagship city destinations that invigorate nations. Backed by unprecedented credentials in creating mixed-use master planned communities, Eagle Hills Company builds residential projects that captures the very best the city has to offer, and is a catalyst to urban expansion and sustainable economic growth.
ENDS #

For more information, visit:
http://www.eaglehills.com/centenary_city
http://www.centenarycity.com/residential.html
http://www.centenarycity.com/about-us.html
http://www.eaglehills.com/PDF/Centenary.pdf (PHOTOS)
http://www.eaglehills.com/

GTBank Releases 2015 Half Year Audited Results >>>>>Reports Profit Before Tax of N63.11Bill

Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2015 to the Nigerian and London Stock Exchanges.

A review of the half year performance, shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period grew by 15% to N153billion from N133billion reported in the June 2014; driven primarily by growth in interest income. Profit before tax stood at N63.11billion, representing a growth of 18% over N53.39billion recorded in the corresponding period of June 2014.The Bank’s loan book grew by 2% from N1.276trillion recorded as at December 2014 to N1.299trillion in June 2015 and total customer deposits increased by 5% to N1.71trillion from N1.618trillion in December 2014.



The Bank closed the half year ended June 2015 with Total Assets and Contingents of N3.04trillion and Shareholders’ Funds of N385Billion. The Bank’s non-performing loans remained low at 3.73%. On the backdrop of this result, Return on Equity (ROAE) and Return on Assets (ROAA) stood at 28.1% and 4.4% respectively. The Bank is proposing interim dividend of N0.25k per ordinary shareof 50 kobo each for period ended June 30, 2015.



Segun Agbaje, the Managing Director/CEO of Guaranty Trust Bank plc attributed the Bank’s strong performance during a tough half year period, to the continued support of its customers, the commitment and hard work of its Staff, Management and Board, and strong corporate governance standards.



According to Segun Agbaje, a major objective for the Bank this year is to add value to all stakeholders and improve the customer experience. “We will continue to drive customer engagement, underpinned by a single view of the customer, and build an ecosystem that will guarantee increased customer interactions and satisfaction at every touch point”. He further stated that the Bank will continue to leverage technology and collaborations to improve customer experience and ease of interaction.



GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.



The Bank’s most recent service introductions includes; the GTEasySavers account, which was launched to strategically drive financial inclusion in the country by targeting low-income segments of society who do not have access to banking services by enabling mobile phone users open an account and enjoy basic banking services on their mobile phone. The Bank also launched another innovative service on its mobile banking platform, “*737* Funds Transfer”, which enables GTBank customers to conveniently transfer funds to both GTBank and other bank account holders in Nigeria.

Emirates Launches Up to 25% off Sale to select Destinations

Emirates launches up to 25% off sale to select destinations

Emirates, a global connector of people and places, has announced the launch of a sale campaign offering up to 25% off to select destinations in its Economy Class cabins for the Nigerian market.

The special fares apply to all Emirates’ destinations from Lagos including: Mumbai (BOM); Guangzhou (CAN); Delhi (DEL); Dallas-Fort-Worth (DFW); Dubai (DXB); Houston (IAH); New York (JFK); London (LHR); Chennai (MAA) and Chicago (ORD); Bangalore (BLR); Mumbai (BOM); and Guangzhou (CAN).
The offer is valid for booking between 18 August and 24 August for travel from September 1st up to December 10th, 2015, (conditions apply).
Economy Class fares from Lagos to Delhi via Dubai, start from $992; Mumbai $1,020; Guangzhou $1,043; London $1,025; Chicago $1,243; New York $1,241; Chennai $1,010; Houston $1,344; Dallas-Fort-Worth $1,343 and Dubai $852.

Economy Class fares from Abuja to Delhi, via Dubai, start from $992; Guangzhou $1,043; Washington $1,243; Beijing $1,264; Kuala Lumpur $1,136 and Bangalore $1,018

Speaking on the tactical fares, the Regional Manager, Emirates West Africa, Mr. Manoj Nair stated that, the special fares and the opportunity to stopover in Dubai for shopping and leisure are particular attractions for passengers, with the 96-hour visa in Dubai making the journey even smoother.

“Passengers can experience award-winning services from Emirates international cabin crew from more than 130 countries, gourmet cuisine and the airline’s renowned ice inflight entertainment system, which offers passengers hundreds of audio and visual channels on demand,” he added.

Customers travelling with Emirates benefit from a generous baggage allowance of 30kg in Economy Class, 40kg in Business Class and 50kg in First Class. Passengers on Emirates flights can also stay in touch with SMS, email and phone connections in every seat.

ENTREPRENEURS TO GRAB $10,000 AT GTBANK, SHE LEADS AFRICA PITCH COMPETITION

In the continuous search and supporting Entrepreneurs both big and small in 2015, She Leads Africa has partnered with the Foremost Institutional Bank, GTBank, and the launch of her second annual Entrepreneur Showcase for the most talented female entrepreneurs in Nigeria and Africa in Diaspora.

The flagship of the event is the premier platform for young female entrepreneurs looking to grow and scale their businesses across Africa. Participants in the competition will vie for US $15,000 in cash prizes, media features in international news outlets, and exclusive meetings with top investors.
The 2014 edition received nearly 400 applications from 27 countries for just 10 finalist positions. The top finalists were featured in Forbes, Ventures Africa, Venture Burn and several other international news outlets. They also had the opportunity to pitch their businesses to a panel of leading business personalities including Aliko Dangote, Hakeem Belo-Osagie, Audu Maikori and Omoyemi Akerele. Empowers

Based on the fact that female entrepreneurs are often underestimated, hindered and overlooked, GTBank and partner found the need to empower the zealous entrepreneurs in the continent.
This year teamwork championed by GTBank is to illuminate on women who are driving Africa's growth through leadership, commerce and innovation.

Corroborating the need of empowering female entrepreneurs, Yasmin Bello-Osagie, Co-founder, She Leads Africa says, “ We decided to launch She Leads Africa because we saw a critical gap in the market - no one was investing in high growth female entrepreneurs. Through our Entrepreneur Showcase we not only give exceptional entrepreneurs a space to connect with investors and the media but we also provide them with training and mentoring to ensure that they are able to take advantage of the experience."

Affirming the effect of the competition, the 2014 winner, Cherae Robinson founder of travel startup Tastemakers Africa stated "participating in the She Leads Africa pitch competition literally changed my life and my business, by putting me on a rocket ship towards success." "I was able to hire my first employee with my winnings and I continue to receive support from the team nearly one year later," she concluded.

Application window has been specially extended for SME businesses listed on the GTBank SME MarketHub until 27th July 2015 at 11:59pm. Businesses from any industry are eligible to apply as long as there is one woman on the founding team between 18-35 years old. To apply please visit www.smemarkethub.com/she-leads-africa and don't forget to attach your pitch deck.
Considering the fact that there is nothing like concrete plan, paying attention to dreams, nurture it and taking advantage of every opportunities, Anals Nin urges “ Throw your dreams into space like a kite, and you do not know what it will bring back, a new life, a new friend, a new love, a new country”.

Job Opening Customer Service Executive at MetroBlue LAUNDROMAT

CUSTOMER SERVICE EXECUTIVE
Metroblue Laundromat, a budding laundry service outfit in the heart of Ikeja, invites applications for the position of a Customer Service Executive who will make every day a satisfying experience for our customers.
Slot: 1

Summary
The Customer Service Executive is a brand ambassador of LAUNDROMAT to her customers, effectively engaging them with experiential services that will guarantee retention. She will ensure that Laundromat optimizes her services to suit the customer thus providing a friendly and customer-centric environment.

Such an individual must be a good listener, have a positive attitude and be flexible. Must also be a person ready to take responsibility for results, possess outstanding people skills, knotty problem solver and ensure a win-win situation always. She must be ready to work weekends.

Job Description

• Own and solve customer queries and internal challenges with a proactive approach.
• Anticipate and identify customers’ needs and provide appropriate solutions.
• Resolve conflicts and manage customer expectations.
• Communicate effectively in verbal and written formats with external and internal customers.

• Keep a profile of customers and appropriately document customers’ activity thoroughly.

• Manage crisis logically with good judgment to ensure win-win situations.

• Make appropriate decisions on behalf of the customer quickly and effectively.

• Effectively prioritize work to ensure efficiency.

• Research continuously on customer needs to provide cutting-edge services.
•
• Perform all duties and responsibilities in a timely and efficient manner in accordance with Laundromat’s established policies and procedures to achieve overall objectives of this position.

• Submit comprehensive weekly reports on business/customer activities to the Chief Executive Officer.

• Other duties as assigned.


Education, Knowledge and Skill Requirement

• A minimum of a HND or its equivalent in any discipline. A professional qualification in customer relations, communication and allied areas will be an added advantage.

• Creative customer engagement tactics

• Administrative skills required including excellent communication/interpersonal skills and reporting.

• Fluency in Windows Operating Systems and Microsoft Office tools

• Vast knowledge on conflict management and customer retention.

• Critical thinker and ability to make independent judgment

• Ability to think and act proactively and anticipate requirements of customers.

• Strong verbal and written communication skills.

• Emotional intelligence, attention to detail, accuracy and security consciousness.


all applicants should sedn their CV to Samuel.isichei@live.com

Exciting Launch of Yezz Mobile into the Nigerian Market

Yezz Mobile was designed and birthed in Miami USA five years ago and has experienced tremendous success in the Latin American markets over the last few years. This success has led the US based company Yezz to expand its distribution footprint into Europe and also Africa, a key growth focus region for the company.

"The African market offers considerable growth prospects”, says Robert Schiano,Yezz Managing Director in EMEA, studies show that the number of smartphones sold by 2017 will double to 350 million units. With Yezz brand, we have the ambition, portfolio and capabilities to be a major player in Africa in the mobile phone sector. With Nigeria being one of the most significant markets in Africa as well as globally, we are highly motivated to showcase the Yezz brand offering to the discerning Nigerian consumer.

Yezz is proud to announce that TD Mobile has been selected as the preferred and exclusive distributor of Yezz in the Nigerian market. TD Mobile, a subsidiary of Technology Distributions, has an exemplary track record in terms of software, hardware, accessories and peripherals and enjoys prime status as one of the biggest distributors of mobile devices across the West African region. We believe that the partnership between TD Mobile and Yezz is well placed for success. TD Mobile will make the product range available for sale exclusively online via Konga.com for the launch period, as well as through key partnership with Yudala and Key Opcos into selected open channel retail outlets throughout Nigeria.

Choice - Whilst Yezz has a broad product range, much research has gone into selecting the key devices which will appeal to the needs and aspirations of the Nigerian target consumer. This research has been validated by key operators, distributors and consumers. Based on this, Yezz will spearhead this charge with key smartphone products which provide the right balance of features, value for money, performance and design to win their hearts. To do this we will be giving consumers a choice of Yezz devices to suit whichever operating system the consumers prefer, starting off with Android and Windowsphone devices, and to be followed shortly thereafter by a Firefox range of devices. In addition, most of the Yezz devices coming into market will come standard with between 3 to 4 additional colour covers. This will give consumers confidence that their device looks fresher and newer for longer.
Yezz Billy 4.7 – This device offering is the thinnest Windowsphone on the market, packed with solid performance features and quality Qualcomm chipsets that establish this Windowsphone as a quality device to the discerning consumer. This combined with a superlight weight of 120 grams and a 4.7 inch screen will be a winner for the consumer looking for an alternative Windowsphone to the current offerings in the market.

In addition to this there will be a Yezz Billy 4 device for consumers looking for great value for money. This is a great entry level Windows smartphone device packed with class leading features including a 4 inch screen and quality at a highly competitive price to the end consumer.

As weight and thinness are key design differentiators for the Yezz brand, we will be leading the Android Kit Kat charge with two very key super thin and superlight devices positioned to consumers who want a product they can confidently showcase to their friends, family and associates.


Yezz Andy 5T – Our ultrathin Android 5T at 6.9mm and 123 grams really provides a unique coolness factor in terms of its design. Packed with a powerful 13mp main camera and 5mp selfie camera, combined with a highly useable 5 inch touchscreen, we see this as a highly desirable alternative to the existing offerings in the market, particularly in terms of design.

The Andy 6M is the perfect answer to consumers who want a device that is the perfect balance of value for money and gaming capabilities. With its 6 inch screen, 13mp main camera and 5mp selfie camera, as well as 2400 mAh battery, it ticks all of the right boxes for the target consumer.

In addition to the above devices, we will be offering the broader Yezz range into the key channels to cater for differing consumer demand and affordability requirements; this includes devices such as our entry-level C21 feature phone which is part of our mainstream smartphone device offering.

More information on these devices can be obtained at Konga.com

Finally, Yezz stands for Quality. We are confident in our brand as well as our products’ durability, and are offering our consumers a class leading 24 month warranty on all of our product range. Peace of mind should be part of the deal.

To learn more about Yezz, feel free to click onto our corporate website www.sayyezz.com

Listen Live to The Press Conference


TalkVilla Radio

GTBank’s 2015 Orange Ribbon Initiative .. 5th Annual Autism Program

Lagos Nigeria – June, 2015.

Foremost African financial institution; Guaranty Trust Bank plc is set to hold the 5th edition of its Annual Autism programme. This year’s programme will start with a 2-day conference at the MUSON Centre, Onikan, on the 30th of June and 1st of July, 2015; followed by a 7-day child assessment clinic from the 2nd – 10th July, 2015 as well as a Radio Talk Series - Let’s talk Autism.
The initiative, which is in its 5th consecutive year, is an advocacy program designed to create awareness and provide support for children with developmental disabilities, most especially the Autism Spectrum Disorder (ASD). Autism Spectrum Disorder affects 1 in every 150 children around the world and is a lifelong developmental disability that affects how a person communicates with others.
Recognising the challenge posed by Autism in the educational development of children, GTBank has over the years partnered with various stakeholders and practitioners, including The University of Lagos - College of Medicine, Blazing Trails International, Ministries of Health and Women Affairs to increase awareness about Autism in Nigeria. The 2015 programme assumes a rather broader spectrum in expanding existing research on ASD through its theme “Bridging Gaps and Transforming lives”. The idea behind this year’s theme, encompasses a broad array of concepts which goes beyond creating awareness for ASD to include increasing social justice education, helping individuals with special needs participate in the political process and providing access to technology for people affected with ASD. Also, the seminar will feature other initiatives such as behavioural training, teaching of non-verbal children functional communication and management of autism disorder.

ST GREGORY, THE QUEENS SNATCHED GTBANK MASTERS CUP SEASON 4

ST GREGORY, THE QUEENS SNATCHED GTBANK MASTERS CUP SEASON 4

The GTBank Masters Cup Season ended in a grand style as St Gregory Obalende distraught St Finbarrs Akoka Yaba in an enthralling 3-1-football match. It was an epic finals between two eternal rivals at Onikan Stadium while on the female side, Queens College Yaba showed Ansar UD-Deen, Itire why they are called “The Queens”.

What a Friday to remember for youth football at Onikan Stadium when St Gregory gave a night mare to St Finbarrs Boys and Alumni to win the glorious cup and the Queens came from behind three times to stun Ansar-UD-Deen girls to retain her title.

The encounter which attracted capacity crowd that included some old boys of both colleges was the climax of a month-long GTBank sponsored Masters Cup tournament, organised by the Lagos First Generation Heritage Colleges Association.

The Season 4 of the prestigious football tournament commenced in November 2014 with 20 Male teams and 10 female teams from participating schools, Queens college and St Gregory showed they are force to reckon with in building tomorrows leader through football.

The atmosphere was electric when the girls – Queens College, Yaba and Ansar Ud Deen Girls High School, itire – filed out to play. Ansar UD-Deen, Itire was the only school to have played in three consecutive finals. This is the second time both sides will be playing at the GTBank Masters Cup Finals and both teams were ready for the face off. But Ansar Ud Deen Girls drew the first blood 14 minutes into the game when Durojola Zainab pounced on rebound that Adefunke Adeleke of Queens College replied immediately too.

Moments later, Ansar Ud Deen Girls Captain - Fatima Oyebanji gave the Ansar Ud Deen Girls the lead again. However, Ebere Ugohagbulam proved that the game is not over yet as She equalized minutes before the first half break and it was level at half time.

It all looked like it will end in penalties just like last year but Ebere struck again minutes before the full time whistle and that snatched the trophy from Ansar Ud Deen Girls High School for the second consecutive time. The game ended 3-2 in favour of Queens College who are the first female team to successfully defend the GTBank Masters Cup title.

Speaking at the event, the queens captain Inneji Chinasa Devo, an SS2 science student said “ I’m very happy to have helped my school lift the trophy this year. Am grateful to God, GTBank, for helping me showcase my talent and most especially my brothers who helped me developed my football career at early as 3 years old. My football career started when I was called upon as early as  JSS 1 to play for the school team. Initially my parents were not in supportive because they felt am a lady but when they saw the zeal and passion, they let go of me. As a science student, I was able to balance up because I knew I needed my academics to survive in life. The young also said “I would love to develop my football career so as to be like Shola Adiza who plays for Falconet She advised others like her to remain focus and stick to their dreams for better result.

Dignitaries from all spheres of lives came to grace the occasion, ranging from: MD GTBank Mr Segun Agbaje, Mr Demola Adeyemi- Executive Director GTBank, Mrs Lola odedina; General Manager Communications and External Affairs Group-GTBank and Oyinade Adegbite- Senior Manager Communications and external Affairs Group, GTBank

 Alumni of the schools like Rev. Ayeni- Administrator of St Gregory College, Justice Bode Rhodas –Justice of the supreme court of Nigeria and St Gregory’s college old boys, Bashorun Anthony (DC)- President St Finbarrs College old Boys Association, Mrs Nkoli Ogbolu- Secretary Queens College old Girls Association, Mr Ayo Adewale- Former Chairman Amuwo Odofin Local Government and St Gregory’s Old Boys Association also came to add colours to the game.

Also in attendance are: Barrister Seyi Akinwunmi- Chairman, Lagos State Football Association and 

1^st Vice President Of The Nigerian Football Federation, Mr Paul Bassey- Veteran Sports Journalist, Mrs Babs Akinyeye- Director, Coordinator services Ministry of Education, Lagos State and Otunba Oladele Olapeju- Chairman, Lagos First Generation Colleges Association (LAFGHCA).

Then the boys came out to play. The match that was dubbed the ‘El Catholico’ was between the two most successfully schools in the history of secondary school football in Nigeria - St. Gregory’s College, Ikoyi and St. Finbarr’s College, Akoka. The first 10 minutes of the game was intense but
the deadlock was broken through Ayoka Kingsley shot that found the back of the net. But the Gregorians were not fazed. They got the much needed equalizer in the 23^rd minutes and also scored 4 minutes later to lead at half time.

St. Gregory’s dominated through the second half as St. Finbarr’s College tried to break through their ranks all to no avail. Obi David finally sealed it for St Gregory’s College when his superb effort ended up in the back of the net to make it 3-1 at full time. St. Gregory’s College, Ikoyi are GTBank Masters Cup Champions for the first time.

The Gtbank MD stated "putting our youths in a position to win and excel does not start on the playing field. It begins in the mind, then the classroom before the final stage of the playing field. In the new global competitive landscape, winning requires discipline, focus, creativity and a sound mind. Education must be an integral part of the whole developmental process. That is why, Gtbank is committing a greater amount of time, resources and high level personnel to youth soccer as well as education, especially at the youth and secondary school level."

The foremost bank gave out prizes to winners and runner-ups as promised, ranging from N750,000.00, N500,000.00 and N350,000.00 for 1st, 2nd and 3rd place winners respectively in both the male and female categories. On the male category, 1^st – St. Gregory’s College, Ikoyi, 2^nd – St. Finbarr’s College, Akoka and 3^rd – Western College, Yaba while on female category 1^st – Queens College, Yaba, 2^nd – Ansar Ud Deen Girls High School, Itire and 3^rd – Ansar Ud Deen College, Isolo

Guaranty Trust Bank plc is one of the few Nigerian financial institutions that have maintained a defined Corporate Social Responsibility (CSR) strategy, most especially in sports education. The Bank actively supports in classroom and out of classroom educational programmes, infrastructure development, students scholarship and teacher trainings across Africa. The GTBank Masters Cup as well as the Principals Cup tournaments in Lagos and Ogun states are some of the projects the bank has taken up in this regards.


For more information on the football competition, visit www.gtbank.com/football

Finals Season 4

Scores

Female Team
Queens College, Yaba Adeleke Adefunke 15’ Ebere Ugohagbulam 22’ 47’	3-2	Ansar Ud Deen Girls High School, Itire Durojola Zainab 14’ Oyebanji Fatima 19’
Male Team
St. Gregory’s College, Ikoyi Nwadike Somto 23’ Otetah Emmanuel 27’ Obi David 53’	3-1	St. Finbarr’s College, Akoka  Ayoka Kingsley 11'

Innosons Outstanding Debt to Gtbank

 Innosons Outstanding Debt to Gtbank

A lawsuit was recently filed by Innoson Group of companies claiming damages up to the sum of N30bn against GTBank, a leading and technology driven bank in Nigeria. It has been in the news in the last few days. Reports and  investigations revealed that in the course of the Banker and Customer relationship between GTBank and Innoson Nigeria Limited (“Innoson”), GTBank granted various credit facilities totalling N2,400,000,000.00 (two billion, four hundred million Naira only) to Innoson, to finance the importation of motorcycles and spare parts.   

In the case of banker-customer relationship, once the contact is agreed by both parties, the bank has an obligation to provide the agreed facilities stated in the contract while the customer has the obligation of utilizing the said funds for the agreed purpose and ensuring loan repayments as and when due as contained in the contract.

The facilities granted to Innoson were secured by, lien over shipping documents covering the imported goods financed by GTBank; Legal Mortgage over properties located at Calabar, Enugu and Nnewi and Personal Guarantee of Chairman/Managing Director of Innoson, Chief Innocent Chukwuma. According to very reliable and confirmed sources from GTBank, Innoson and Chief Innocent Chukwuma however failed to meet repayment obligations due under the facilities. It was at this stage that, the Bank discovered that Innoson and Chief Innocent Chukwuma had gone ahead and  cleared several consignments of goods financed by the Bank without endorsed shipping documents, the originals of which are still in the Bank’s custody.  Upon discovery of the fraud, the Bank filed a Petition before the Economic and Financial Crimes Commission (“EFCC”) in May 27, 2013, to investigate the fraud committed against the Bank and bring Innoson and its Promoters to book.

 Based on the Bank’s petition, Chief Innocent Chukwuma was arrested and interrogated by operatives of the EFCC, following which he agreed to make monthly payments into Innoson’s account until the full liquidation of Innoson’s indebtedness to the Bank.  However, Innoson defaulted in making the agreed payments.  Investigations by the Nigeria Police following a petition by the Bank in September 2013 also found Innoson and Chief Innocent Chukwuma culpable of the criminal allegations levied against them by the Bank, and Chief Innocent Chukwuma was accordingly charged to court by the Police. 

To stall the criminal proceedings against him, Chief Innocent Chukwuma and his company instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against The Inspector General of Police, The Nigeria Police Force and Investigating Officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against Innoson and Chief Innocent Chukwuma. Furthermore, in a bid to stall the Bank’s recovery steps, and distract the Bank from focusing on the criminal action, as well as civil actions filed for recovery of the debt, Chief Innocent Chukwuma and his company Innoson, have continued to institute various spurious suits before various courts, claiming frivolous and outrageous sums against the Bank.

With no other alternative and to ensure the recovery of depositors funds held by Innoson, the Bank instituted a recovery action against Innoson at the Federal High Court, Lagos. This is in addition to a Winding up action instituted against Innoson by the Bank, which is still pending in court. Pursuant to the suit instituted by the Bank at the Federal High Court, Lagos, the Bank secured mareva orders against Innoson freezing its Bank accounts in all Banks in Nigeria in September 2014.

The new N30 Billion action filed by Innoson at the Federal High Court, Awka was instituted on the basis of purported damages which it suffered as a result of the mareva orders granted by the Federal High Court, Lagos in favour of the Bank.  According to some legal experts, this new suit is in continuation of Innoson’s antics to distract the Bank from focusing on the criminal matter pending with the EFCC and the Police.

The legal experts also interpreted these  Innoson’s moves as legal delay tactics antics, to avoid or delay  paying its indebtedness and discharging its obligations to the Bank, which stands in excess of N2.billion, while interest continues to accrue.

According to a source in the Bank, the recovery of borrowed funds is a matter of integrity and is always in the long term interest of its depositors and the society at large.