Guaranty Trust Bank Plc. has debunked a report that it gave the All Progressives Congress (APC) presidential candidate, Bola Tinubu N500 million new notes on the eve of the presidential election.

GTBank in a statement via its social media handle on Tuesday, February 29th, 2023 said:

“The attention of Guaranty Trust Bank Ltd (the “Bank”) has been drawn to a spurious post on Twitter by @ ifygold21 alleging that the Bank gave the new Naira notes in the total sum of ₦500 million to one of the leading presidential candidates in the ongoing General Elections on the eve of the elections and at the order of a high-ranking Government official.

“The Bank wishes to refute this claim in its entirety and state categorically that it is completely false and is designed to bring the image of the Bank and its officers to disrepute.”

“The fact that the post refers to Segun Agbaje as Managing Director of the Bank further exposes the sponsors of the content as uninformed and malicious.”

“Accordingly, we would like to clarify that Miriam Olusanya is the Managing Director of the Bank and has been at the helm of affairs of the Bank in that capacity since her appointment in August 2021.”

“This post has been escalated to all concerned parties including Twitter, for the identification of the owner of this fake account and consequent legal action.”

“Our Nigerian operations support a diverse customer base with varied business interests in communities across the country and remain available to everyone.”

“Guaranty Trust Bank hereby restates its commitment to being a responsible, non-partisan corporate citizen with strict adherence to the highest standards of global best practice as well as sound corporate governance in all aspects of our business operations.”