GTCO Refutes Allegations against its Results, Management
Guaranty Trust Holding Company (GTCO) yesterday refuted some negative news about its business activities, its financial performance, and management.
The parent company of GTBank in a statement noted that “based on the incessant release of false news reports on GTCO’s business activities, results, and its management team, it has become necessary to set the records straight and dispel attempts by certain groups to create a false narrative about the GTCO brand and its management.”
It added: “The false news articles being sponsored using the media, center around baseless allegations against the Group’s business activities
and its executive management. “Being a responsible corporate citizen and a first-class institution, GTCO Plc has taken swift and decisive legal actions against the various sources of these false reports, and will continue to use the full extent of the rule of law available
to safeguard its reputation.
“We urge all our Customers, Shareholders and Stakeholders to kindly disregard all the allegations being peddled through various media platforms and handles. All, of our Executive Management team continue to operate in their full capacities as appointed and are not under any financial or regulatory
scrutiny as alleged.”
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