Our Management Not Under Regulatory Scrutiny – GTCO

Guaranty Trust Holding Company Plc has refuted recent reports alleging that its management team is facing financial or regulatory scrutiny, describing the claims as “unfounded and false.”

In a statement released on Friday, the bank expressed concern over the continued spread of false news regarding its business activities and leadership.

“The persistent release of inaccurate reports about GTCO’s operations, results, and management team has made it necessary for us to clarify the facts and address the ongoing attempts by certain individuals or groups to create a misleading narrative about the GTCO brand and its leadership,” the statement read.
GTCO further noted that the false allegations, which are being propagated by certain media outlets, centre around “baseless claims” against the company’s business operations and executive team.

“These allegations are entirely without merit and are part of a deliberate effort to damage the reputation of our institution,” the bank added.

The statement, signed by the head of Group Corporate Communications, Oyinade Adegite, on Friday, reiterated the bank’s commitment to upholding its reputation as a “responsible corporate citizen and a first-class institution.”

GTCO stated it had taken “swift and decisive legal action” against those behind the false reports and would continue to pursue all legal avenues to protect its image.

“We urge our customers, shareholders, and stakeholders to disregard the allegations circulating on various media platforms,” Adegite said.

“Our executive management team remains fully operational and is not under any financial or regulatory scrutiny, as has been falsely claimed,” he added.

The bank concluded by reassuring the public of its continued focus on delivering top-quality services and maintaining the integrity of its leadership.