GTBank partners Forte Oil to increase GTExpress locations

GTBank CEO, Segun Agbaje
Segun Agbaje
Segun Agbaje

African Bank of the Year, Guaranty Trust Bank plc has launched “GTExpress”; a comprehensive Agent Banking Service at Forte Oil locations nationwide as part of its efforts at bringing banking services closer to its existing and potential customers.

Through this partnership with Nigeria’s foremost energy solutions provider, GTBank will leverage the extensive reach of Forte Oil to further bring banking services such as Account Opening, Cash deposit and Withdrawal via ATMs, Customer Enquiries, Bills payment and Funds transfer closer to the people.

The Bank has rolled out in 14 Forte Oil locations including Western Avenue, Surulere; Bank Road, Ikoyi; Local Airport Road, Ikeja; Festac; Olorunsogo, Mushin; Shomolu, Ikorodu Road, Apapa-Oshodi/ Mile 2 Expressway; Boundary Road Ajegunle; Campos Square Lagos Island, Jebba, Ebute Metta; Old Apapa Road; Wharf Road and Kingsway Road, Apapa.

GTBank formally launched this service in November 2013 at Ebeano Supermarket in Lekki, Lagos and has recorded tremendous success at this location since inception. Basic banking services and any other activity as the Central Bank of Nigeria may prescribe from time to time, can be carried out at these agent locations.


GTExpress is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to the underserved and unbanked segments of the population in a cost efficient manner through the use of non-banking retail outlets.

According to the Managing Director of Guaranty Trust Bank plc; Segun Agbaje “The unbanked sector of the economy presents a significant growth area for banks in emerging markets. Our objective is to offer banking products and services to this segment via non-banking outlets thus breaking down barriers to financial inclusion such as accessibility and cost. This is a great step in achieving a more inclusive financial services industry.”

Also commenting, Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil plc: “We are pleased with the GTBank partnership as it reinforces our vision of being a one stop shop whilst affirming the wide reach of our retail network. With this alliance our customers who patronize GTB Plc will be able to reduce commuting time and cost in attending to their various needs.”