A civil society organisation, Global Integrity Crusade Network, GICN on Thursday alleged that it has uncovered a case of identity theft involving Segun Julius Agbaje, the  Group Chief Executive Officer  of Guarantee Trust Holding Company Plc, GTCO Plc, the parent company of Guaranty Trust Bank Limited, GTB. 



GICN's Director of Publicity and Mobilization, Amb. Adebayo Lion Ogorry while addressing the Press raised several troubling questions concerning the relationship between Segun Julius Agbaje and Julius Kosebinu Olusegun Agbaje. Are they one and the same person or different persons with similar names?, he queried.


According to Ogorry, from GICN's "... latest investigation, one Julius K. Olusegun Agbaje is connected to Guaranty Trust Bank (UK) Limited, having been appointed Chair of the Governing Board since 7th March, 2016.


"This individual purportedly born in 1915, was approved by the UK Financial Conduct Authority (FCA) to perform specific roles at the Bank with Head Office contact details as 10, Great Castle Street, London, W1W 8LP, United Kingdom"


Presenting a comparison, he said the Group Chief Executive Officer of GTCO Plc reveal that he bears Chief Julius Kosebinu Agbaje with date of birth as July 4, 1964. He also bears Segun Agbaje in other instances with same date of birth as July 4, 1964. 


In an answer to his rhetorical question: Who Is Segun Julius Agbaje? Ogorry explained that  the man Segun Julius Agbaje could have fraudulently used the academic or residency credentials of his late father who started GTB to perfect its papers with Regulatory Agencies in the United Kingdom. 


He added that this suspicion is further deepened by the fact that Segun Julius Agbaje, as prominent as he is in the banking sector, has little or no personal records on the internet. 


GICN declared that for GTCO Plc being the main owner of GTB to allow Segun Julius Agbaje with such a doubtful and confusing identity to occupy the prestigious position of Group CEO portrays it as nothing but an ethically bankrupt entity.


The civil society organisation therefore urged  the Central Bank of Nigeria (CBN); National Assembly; Nigeria Police Force as well as UK National Crimes Agency (NCA) to unravel the alleged  cases of identity theft and fraud involving  Segun Julius Agbaje. 


"We note that the operations of Guaranty Trust Bank Limited in Nigeria have become so epileptic since the past two weeks. This should prompt Regulatory and Law Enforcement Agencies within or outside Nigeria to look into the recommendations contained in our Private Investigation Report earlier submitted", he submitted. 


He maintained that calamity looms at GTB if the relevant agencies do not take immediate actions. "As the saying goes in legal parlance, you cannot put something on nothing and expect it to stand. The continuous occupation of the position of Group CEO of GTCO Plc by Segun Julius Agbaje was fraught with illegality from the beginning and must not be allowed to stand"


Dailyledger.com.ng reports that on Thursday,  Oct. 3,  2024 the GICN  presented a Private Investigation Report PIR on the alleged unscrupulous, unethical and criminal activities of Segun Julius Agbaje and urged multiple financial regulatory institutions, law enforcement agencies and the National Assembly to wade into the matter in order to protect the interests of GTB's numerous customers and clients.


The GICN argued that "The overwhelming customers/investors patronizing GTB in Nigeria, Africa and United Kingdom have always counted on the supposed integrity of its owners.


"As the situation stands, the funds belonging to customers/investors of GTB are not safe unless there is a total overhaul of the Bank’s Management Team"