GTB, Zenith Bank Pay N110bn in Naira Rain to Shareholders – THISDAY

Goddy Egene
As Nigerians continue to bear the brunt of the economic downturn and the debilitating cash squeeze in the country, the shareholders of two of Nigeria’s largest banks – Guaranty Trust Bank (GTBank) and Zenith Bank Plc – were able to smile yesterday when both banks held their respective annual general meetings (AGMs) on Tuesday and wednesday, and got approval to pay a whopping N110 billion to them.
The N52.33 billion approved by GTBank’s shareholders and another N57.6 billion approved by the shareholders of Zenith Bank would go a long way in releasing cash to millions of shareholders of both banks at a time most Nigerians are broke and reeling from the cash squeeze in the economy.