Guaranty Trust Holding Company Plc (GTCO) has vehemently denied recent false news reports circulating about its business activities, financial results, and executive management. The company has taken swift legal action against the individuals or groups responsible for spreading misinformation.
In a statement released today, GTCO emphasized that the baseless allegations are part of a deliberate attempt to tarnish the bank’s reputation. The company assured its customers, shareholders, and stakeholders that all its executive management team members are operating in their full capacity and are not under any financial or regulatory scrutiny.
GTCO reiterated its commitment to responsible corporate citizenship and will continue to utilize all available legal resources to protect its brand and reputation. The company urged the public to disregard the false reports and rely on official communication channels for accurate information.
It reads, “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 false news articles which are 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. Thank you for your continued support.”
