GTB, one of Nigeria‘s leading banks, don announce a historic milestone by hitting a profit of N1 trillion. This news, however, no dey sit well with many people, as dem dey raise eyebrows and doubts about how dem achieve dis feat in a depressed economy.
In an economy where GDP dey flounder, inflation dey gallop, and purchasing power dey depressed, many find it hard to swallow dis kind of result. GTB no be the only bank wey announce big profit; UBA and possibly Access Bank soon follow suit, indicating a systemic issue.
The author of the article point out say in a ‘paddy paddy’ regulatory environment like Nigeria, banks like GTB dey spot opportunities quickly and grab them, which dem call distress investing. Dis is why foreign investors like Indians, Chinese, and Russians dey rush into our economy.
GTB also face criticism for arresting and taking bloggers to court over unsubstantiated allegations. The author believe say GTB make a tactical error by going to war with media and bloggers, who could have helped explain their results better to the public.
The article also mention say GTB need to re-engage with the market and improve their image, especially with their CEO, Segun Agbaje, being seen as aloof and arrogant. Dem suggest say GTB should be more people-oriented, show empathy, and consider wiping off some debts, especially for those affected by job loss or death.
