Could this be true about Segun Agbaje, the new GMD of GTB

The concern about the uncertain future of the bank in the hands of Agbaje led to Fola Adeola’s insistence that the late Tayo Aderinokun should not resign his position as the Managing Director, even though he had complained loudly that he was tired of the job and needed to attend to his failing health.

Obviously, the battle line seems to have been drawn between the founding Chief Executive Officer and Managing Director of Guatanty Trust Bank, Mr. Fola Adeola and the Acting Managing Director, Segun Agbaje over the confirmation of the latter as the substantive Managing Director after the death of former MD, Mr. Tayo Aderinokun.

Most of the bank’s employees are said to be against the emergence of Segun Agbaje as the MD due to his high-handedness and arrogant nature when he was the Deputy Managing Director (DMD). Talented and hard working individuals have been frustrated out of the bank due to his attitude and he has also sacked over 150 employees within the short period of acting as MD on April 20, 2011.

Segun’s strength lies on the edict of Central Bank of Nigeria (CBN) that favours his ascension to the position and his connection to the Oba of Lagos through his politician brother, Jimi Agbaje. But the former MD (Adeola) and other top directors of the bank are said to be working behind the scene to recruit a seasoned banker currently on study leave at the prestigious Harvard University as the new MD.

Naijan.com learnt most of the bank’s current employees have started looking for jobs elsewhere should in case Agbaje’s axe falls on them before he is kicked out of the bank.

Stay in touch for more updates.

Source: http://naijan.com/gtbank-md-position-war-between-segun-agbaje-and-fola-adeola/

Its a pity, I hope the bank scales through in one piece

unconfirmed jist/faboo = lie, stop spreading false information mr.yinka oke

I have friends in GTBank and there cool with Mr Agbaje as the new CEO

@ Damayor can you pls challenge the source, I was only trying to confirm as evidence in my preamble

I believe this story.

I have a friend who worked with GTB. He told me about a performance review meeting which Segun chaired, Tayo was away then as usual. Segun was insulting, abusing and almost cursing anyone who didnt perform with his Americana accent. Then Tayo walked in and called him to order in the presence of everybody and told him that these people are adults and responsible people, that he shouldnt be insulting them this way. From all indications, Segun is not a good human resource manager.

@Seun

Seun:

If he's that bad, why was he chosen to succeed the founder?

He (Segun Agbaje) was number 3 right from onset as far as the whole of GTB is concerned even when the founding Chief Executive Officer and Managing Director of Guaranty Trust Bank, Mr. Fola Adeola was still the CEO/MD some years back.When Mr Fola Adeola resigned as CEO/MD, and Mr. Tayo Aderinokun who was then number two became MD and he (Segun Agbaje) eventually became number two,immediately Tayo died,what do u expect? if nt for him to succeed Tayo by becoming number one(i.e GTB MD)

This position is cool and great.

I pray they are able to overcome this in a very short time.

What concern agbero with overload. afterall Fola Adeola is s forgone issue, so what is the fuss about. agbaje will definitively be GTB MD.