EXPOSED: How GT Bank Sacked Kogi Deputy Governor, Edward Onoja Over N53 Million Fraud
The source added that Onoja was invited by the Economic and Financial Crimes Commission (EFCC) in 2011 but was let off the hook after bribing his way through the process.
by SaharaReporters, New York
Apr 12, 2021
The deputy governor of Kogi state, Edward Onoja, was sacked by Guaranty Trust Bank Plc for involving in a fraudulent act, a source told SaharaReporters.
The source added that Onoja was invited by the Economic and Financial Crimes Commission (EFCC) in 2011 but was let off the hook after bribing his way through the process.
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The banking sector, especially commercial banks, is one of the most profitable sectors of the Nigerian Economy churning out profits of close to a trillion in 2020 alone. They are also one of the highest employers of labours in the country employing over 93,000 Nigerians.
Sitting at the helm of affairs is the Chief Executive/Managing Director, the highest-ranking executive in the organization saddled with the responsibility of making the best corporate decisions, oversight of the execution of the organisation’s corporate strategies and most importantly increasing the shareholders’ return. The buck basically stops on their table.
Thus, these enormous responsibilities also come with a considerable executive compensation for their service making them ostensibly the highest-ranking staff of the bank.