Controversy sparks as GT Bank CEO Segun Agbaje acquires ₦70m Mercedes Maybach


Posted by: Oluwaseun Adeniji

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The CEO of GT Bank Segun Agbaje just splashed over ₦70 million on a luxury Mercedes Maybach S560, which is a beautiful addition to his sense of style.

This new luxury acquisition might come as a shock to many especially those who feel there is an economic meltdown due to the ravaging effect of the deadly coronavirus.

Also in other news, restrictions have been placed on customers of Guaranty Trust Bank (GTB) such as access to foreign exchange, both corporate and private accounts. All these have in no way affected the CEO of the bank who just reportedly acquired a luxury brand new Mercedes Maybach priced at $180,000 which is equivalent to N70m.


The new Mercedes Maybach S560 belonging to the GT Bank boss was spotted recently in Lagos

According to the report, his latest German product is the Mercedes Maybach S560 in Magnetite Black Metallic colour, said to worth over $180,000, excluding shipping and clearing cost in Nigeria.

In fact, this news didn’t come at a surprise to many considering that Segun Agbaje is a man of style and definitely deserves to move around in such glamour.


Segun Agbaje - CEO of Guaranty Trust Bank

The beautiful luxury car has a personalized number plate “S007”, spotted in front of an exquisite brunch café, close to the headquarters of GTB in Lagos. The number plate might appear like what we know James Bond for, but this is surely Segun Agbaje’s latest acquisition.

>>> Still on celebrity and Mercedes-Benz: Drake features 2 wild Mercedes-Maybach concept cars in viral music video

Mercedes Maybach S560

The Mercedes Maybach is one of the sought-after luxury cars by rich and powerful people on the planet. It is also one of the best models to be chauffeured around in due to the interior design and attention given to the rear seat.

It comes fitted with exciting features such as LED interior lighting, heated and ventilated rear seats with heated armrests, 4-one automatic climate control, ventilated and heated 12-way power front seats with massage and memory functions, heated windshield, Maybach’s signature stardust effect, a refrigerator box for rear cabin and lots more.

Check out some of the cool features on the Mercedes Maybach recently acquired by the GTB Managing Director bellow:

Video: 2020 Mercedes-Maybach S560 | Video Tour with Spencer

The Mercedes Maybach S560 is powered by a V8 4.0-liter bi-turbo powertrain with a generative output of 463 horsepower, paired with 9-speed automatic transmission. The luxury model can sprint from zero to 60 mph in a remarkable 4.8 seconds.


The Mercedes Maybach is the perfect luxury car to be chauffeured around town in style

While Segun Agbaje will be chilling inside his new Mercedes Maybach enjoying Burmester audio system and sipping champagne from the handcrafted silver champagne flute, you should find out why Mercedes-Benz is highy respected and adored in Nigeria.

>>> Stay up-to-date on celebrity newscar tips and advice, and reviews on cars

>>> is currently presenting thousands of listings of cars for sale. Check out to get the best deal!

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Oluwaseun Adeniji

Oluwaseun Adeniji

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Oluwaseun Adeniji is a passionate writer and a poet with special interest in writing about cars. He is a master degree holder in international conflict and management. He enjoys feeding the public with the latest auto gist and well researched car reviews. He is also a strong football lover. So, if Oluwaseun is not writing, expect him to be reading about sports.

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