ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

GICN Group retracts corruption allegation against GTB, tenders apology [VIDEO]

by Usman Kadri
March 6, 2025
Reading Time: 2 mins read
GICN Group retracts corruption allegation against GTB, tenders apology [VIDEO]
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

RELATED STORIES

Fidelity Bank’s GAIM 6 promo extension: A timely boost for financial inclusion and economic empowerment

Fidelity Bank’s GAIM 6 promo extension: A timely boost for financial inclusion and economic empowerment

October 29, 2025
Glo introduces revised data bundles with more value at no extra cost

Glo introduces revised data bundles with more value at no extra cost

October 29, 2025

A civil society organisation, Global Integrity Crusade Network (GICN), has retracted allegations of corruption and unwholesome activities made in a Private Investigation Report (PIR) against Guaranty Trust Bank (GTB) Limited, a subsidiary of Guaranty Trust Holding Company Plc.

In a statement made available to Blueprint in Abuja, Tuesday, signed by President of the organisation, Edward Omaga Esq., he stated that he presented the PIR to the media on 3rd October, 2024 and later submitted same to certain agencies in Nigeria, UK, USA and Ghana for further action.

He said the documents relied upon to compile the PIR were obtained from the internet, were baseless, and do not depict the true state of affairs about GTB Limited and its management.

“In other words, the position taken by Global Integrity Crusade Network in the PIR was misguided. It has become clear that Guaranty Trust Bank Limited, its Management and the entire GTCO brand are not under any financial or regulatory scrutiny in Nigeria or abroad as alleged.

“The issues raised about Unsolicited Accounts Opening for customers were unnecessary, as the bank operates in line with the highest standards of compliance and due process, whilst preventing the breach of data privacy laws,” he said.

On the issue of profit declaration for the period ended June 30, 2024, Omaga stated that records abound to show that GTB Limited fully complied with the applicable legal requirements of the Central Bank of Nigeria (CBN), Financial Reporting Council of Nigeria (FRCN) as well as the Securities and Exchange Commission (SEC).

“It was therefore not appropriate for GICN to query the Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, released by GTCO Plc to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).

“In the same vein, the corporate image and integrity of GTB Limited remains intact in foreign countries where it carries on business.

“The financial penalties paid in the United Kingdom by Guaranty Trust Bank (UK) Limited coupled with the suspension of its Foreign Exchange Trading License in Ghana were minor regulatory issues, which have been sorted out long time ago.

“The group wishes to sincerely apologize through this medium for misleading the public towards having any negative perception about GTB Limited.

“Specifically, GICN implores Mr. Segun Julius Agbaje, being the Group Chief Executive Officer of GTCO Plc, to forgive its shortcomings and consider the group as a partner in the sustained drive of the bank to provide quality financial services across Nigeria, Africa and the world at large.

“In keeping with its resolve to set the records straight, the group had on Thursday, 27th February 2025 written to withdraw the PIR and all court cases relating to this matter,” he added.

https://themomentng.com/wp-content/uploads/2025/03/VIDEO-2025-03-05-15-26-18.mp4
Next Post
UBA invests in future leaders, inducts over 3200 Young Professionals Under GMAP Initiative

UBA invests in future leaders, inducts over 3200 Young Professionals Under GMAP Initiative

More Articles...

PANA Holdings announces key leadership appointments

PANA Holdings announces key leadership appointments

October 29, 2025
Fidelity Bank’s GAIM 6 promo extension: A timely boost for financial inclusion and economic empowerment

Fidelity Bank’s GAIM 6 promo extension: A timely boost for financial inclusion and economic empowerment

October 29, 2025
Glo introduces revised data bundles with more value at no extra cost

Glo introduces revised data bundles with more value at no extra cost

October 29, 2025
BREAKING: Access Holdings loses over N1bn to Fraud, Forgeries In 2025

BREAKING: Access Holdings loses over N1bn to Fraud, Forgeries In 2025

October 29, 2025
Girl, You Are Light — Brenda Effiom Apata lights the way for a new generation of African girls

Girl, You Are Light — Brenda Effiom Apata lights the way for a new generation of African girls

October 29, 2025
Police arraign alleged land speculator over N40m fraud, stealing

Police arraign alleged land speculator over N40m fraud, stealing

October 29, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport