CCT convict, sack Onnoghen

The Code of Conduct Tribunal has convicted the former Chief Justice of Nigeria, Justice Walter Onnoghen of breach of Code of Conduct for Public Officers. Reading the lead judgment, the tribunal chairman, Danladi Umar, ordered the immediate removal of Onnoghen, 68, from office as the CJN. The Tribunal also stripped him of all offices earlier occupied, such as the Chairman of the National Judicial Council and also the chairmanship of the Federal Judicial Service Commission. The tribunal also ordered the forfeiture of the five accounts which defendant failed to declare…

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GTBank returns ₦57bn Profit before Tax for Q1 2019

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Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to ₦57.0billion from ₦52.6billion recorded in the corresponding period of March 2018, representing a growth of 8.3%. Customers’ deposits also rose by 6.0% to ₦2.410trillion in March 2019 from ₦2.274trillion in December 2018, whilst the Bank’s…

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