GTBank Addresses Funding Tinubu’s Presidential Ambition With N500m

GTBank: ‘We Didn’t Give N500m New Naira Notes To Tinubu On Election Eve’

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Guaranty Trust Bank (GTBank) has refuted claims that the financial institution financed the Presidential ambition of Bola Tinubu, the eventual winner of the election.

It was alleged by a Twitter user, (@)ifygold21, that Segun Agbaje, the former Managing Director of GTBank and current Group Managing Director of its parent company, Guaranty Trust Holding Company (GTCO), gave N500 million new notes to Tinubu.

According to the claim, the money was allegedly given to Tinubu on the eve of the Presidential election on the order of President Muhammadu Buhari, who is the leader of Tinubu’s party, All Progressive Congress (APC).

This was made known in a statement posted on its social media platform, Twitter, late on Tuesday, hours before Tinubu was declared the winner of the Presidential election he contested with Peter Obi and Atiku Abubakar.

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“Our attention 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 N500 million to one of the presidential candidates in the ongoing General Elections on the eve of the elections.

“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,” GTBank said.

The lender pointed to misinformation in the claim, which states that Agbaje was the MD of GTBank, a position that Miriam Olusanya occupies.

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“The fact that the post refers to Segun Agbaje as the 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.

“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,” GTBank wrote in the statement.

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