Banking & Finance

GTBank’s MD arrested for allegedly assaulting employee


The Managing Director (MD) of Guaranty Trust Bank (GT Bank) in Liberia, Ayodeji Bejide, on the charge of physical assault against an employee of the bank, Edward Freeman.

According to reports due to the severity of the wounds inflicted on Freeman while on active duty, police will subsequently charge Bejide to court.

Yesterday, a video trended on Facebook, showing Mr. Freeman bleeding from his lips in Bejide’s office after Bejide reportedly threw a calculator at him, allegedly wounding him on his lips.

After allegedly meting out the injuries on the employee, Bejide was heard in the video telling him to calm down, threatening to dismiss him if he made any further comment. Mr. Freeman then walked out of Bejide’s office at the end of the video.

In a swift reaction, the Central Bank of Liberia (CBL) issued a statement Tuesday night announcing that Bejide, a Nigerian, had been suspended indefinitely from the bank, with immediate effect and without pay, “pending a thorough investigation by the Board into the allegations.”

The apex bank in Liberia also appointed Amazu Nwachukwu, GTBank’s (Liberia branch) Chief Operating Officer, as Acting MD until the investigation is concluded.

The statement quoted Nathaniel R. Patray, III, Chairman of the Board of Governors and Executive Governor of CBL, as saying that, “the appointment of Mr. Nwachukwu will remain in force until the conclusion of the investigation; submission to the CBL within 48 hours of the Board’s intended course of action to address “this grave matter.”

The CBL will review the GT Bank Board’s recommendations. Thereafter, it will ensure the strictest implementation of the Bank’s mitigated actions.

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