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News of the fine imposed on GTBank London operations by British financial regulator turned into 'beer parlour' celebration for those determined to put clog in the wheel of the bank's progress by every means.     The Financial Conduct Authority (FCA) disclosed that between May 2008 and July 2010, GTBank UK had failed to assess potential money-laundering risks, screen customers against sanction lists, establish the purpose of the accounts being opened in their London branch or review the activity of "high risk" accounts. Latest findings show that the sanction by FCA was result of l

Keith Richards MD Promisidor Contract staff working with Promasidor in Nigeria yesterday protested what they described as delay in payment of their salaries.   As a result of the protest, the management of Promasidor invited policemen to forestall a break down of law and order, which might lead to damages of the company properties.    Gistmaster gathered that two companies hire contract staff who work mostly in the production department for promasidor.One is known as Global Manpower while the other is called Sustainability.   Those employed by Global Manpower have been paid their May salaries on the 23 May but those employed through Sustainability are yet to be paid. Sources hinted that the recent development is giving room to suspicions about politics in Promasidor, especially between the management of Sustainability and Global Manpower in a bid to out do one another in the business of staff sourcing.Sustainability is allegedly owned by

[caption id="attachment_4790" align="alignleft" width="121" caption="Tayo Aderinokun, MD Guaranty Trust Bank (GTBANK)"] [/caption] The managing director of GTBank, Mr. Tayo Aderinokun is dead. He died in a London Hospital. When Gistmaster.com sought the comment of the corporate affairs department of the bank today, his death was confirmed. Mr. Aderinokun has been on sick leave from work for sometime. Mr. Segun Agbaje, an executive director with the bank was made the acting MD last month. Aderinokun's 57th birthday was celebrated with prayers by staff of GTBank at their various places of worship on 8 May 2011. The official statement from GTBanks reads "With a deep sense of loss, but with gratitude to the Almighty God, we write to notify you of the passing on to eternal glory of our dearly beloved Managing Director/Chief Executive Officer, Mr. Tayo Aderinokun. Mr. Aderinokun who had been on Medical Leave, passed on this afternoon, Tuesday,

 GTBANK staff within and outside Nigeria set today aside as a special day of prayer for Mr. Tayo Aderinokun, the Managing Director of GTBANK who is presently recuperating from illness.  Today, 8 May 2011 is the 57th  birthday anniversary of the bank chief.  At the moment, Mr. Segun Agbaje, one of GTBank executive directors is now acting managing director. Aderinokun is regarded as one of Nigeria's most brilliant bank executives Nigeria has ever produced.Most of those gistmaster.com spoke with wish Aderinokun soonest recovery.A source told gistmaster. that people should pray for the man who has made invaluable contributions to the economy instead of wishing him dead by peddling rumours. -Story by Niyi Tabiti Related links Lekki International airport to take off soon in Lagos How Rochas Okorocha won Imo State Governorship seat former Miss World, Agbani Darego and supermodel, Oluchi Onweagba-Orlandi talks about nature gentle touch Seun Olubukola and Niyi Adewunmi's weddi