Guaranty Trust Holding Company Plc (GTCO), formerly Guaranty Trust Bank (GTBank) has refuted recent media reports circulating false information about its business operations and executive management team.
In a statement issued late Friday, GTCO dismissed the allegations as baseless, urging its customers, shareholders, and stakeholders to disregard the misleading news. The company reassured the public that its executive management team is not under any financial or regulatory investigation, as falsely claimed.
The statement emphasized that GTCO is taking legal action to address the smear campaign, stating: “Due to the persistent spread of fabricated news concerning our business activities and executive team, we find it necessary to clarify the situation and counter efforts by certain individuals or groups attempting to tarnish the GTCO brand.”
GTCO expressed concern over using media platforms to disseminate these falsehoods, asserting that all accusations are unfounded. The company, known for its integrity and sound financial services, reiterated its commitment to protecting its reputation through the full extent of legal recourse.
“We urge our valued customers, shareholders, and stakeholders to disregard these baseless allegations,” the statement continued, reassuring GTCO’s management team remains fully operational and unaffected by any purported financial or regulatory issues.
A viral video had recently surfaced, accusing the bank’s management and calling for an investigation. In response, GTCO reaffirmed its stance against the spread of misinformation and vowed to continue its operations with transparency and excellence.
