The management of Guaranty Trust Holding Company Plc (GTCO) has refuted reports that its executive management team led by Segun Agbaje was under regulatory scrutiny.
The company, in a statement on Friday night, urged its customers, shareholders and stakeholders to disregard the false news.
According to the statement, the company is also seeking legal redress as it continues its credible banking and financial services and activities.
“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,” the statement said.
“The false news articles, which are being sponsored using the media, centre 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.
“Members of the executive management team will continue to operate in their full capacities as appointed and are not under any financial or regulatory scrutiny as alleged.”
Last month, QEDNG reported that a Federal High Court in Lagos remanded four persons over alleged cyberstalking and spreading false information about GTCO.
