Guaranty Trust Holding Company Plc (GTCO) has debunked reports stating that its management team is facing financial or regulatory scrutiny, calling the claims “unfounded and false.”
The bank voiced concerns about the persistent dissemination of misleading information about its leadership and business operations in a statement that was made public on Friday.
According to the statement: “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.”
GTCO added that the “baseless claims” against the company’s leadership team and business operations are at the heart of the false accusations that are being spread by some media outlets.
It went on to reveal: “These allegations are entirely without merit and are part of a deliberate effort to damage the reputation of our institution.”
The bank assured the public in its final statement that it will continue to prioritise providing top-notch services and upholding the integrity of its leadership, BrandSpur banking and finance news reports.
The declaration, which was signed on Friday by Oyinade Adegite, Head of Group Corporate Communications, reaffirmed the bank’s dedication to maintaining its standing as a “responsible corporate citizen and a first-class institution.” To preserve its reputation, GTCO declared that it had taken “swift and decisive legal action” against the authors of the false allegations and that it would keep pursuing all available legal options.
According to the Head of Group Corporate Communications: “We urge our customers, shareholders, and stakeholders to disregard the allegations circulating on various media platforms.
“Our executive management team remains fully operational and is not under any financial or regulatory scrutiny, as has been falsely claimed,” he added.
