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Guaranty Trust Bank

GTBank’s Parent Firm Risks Regulatory Sanction Over Financial Statement

Guaranty Trust Holding Company (GTCO) risks facing regulatory sanction over its Audited Financial Statements (AFS) for the year ended 31 December 2022. GTCO, the parent company established out of Guaranty Trust Bank (GTBank) revealed that the company will be unable to meet

March 24, 2023

GTBank Addresses Funding Tinubu’s Presidential Ambition With N500m

Business

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

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

March 1, 2023

Business

N13 billion Debt: Court Says GTBank Violates Order, Tries To Undermine Proceedings

After trying to gain access to one of Stallion Nigeria Limited’s properties in Victoria Island, Lagos, the Federal High Court has ruled that Guaranty Trust (GT) Bank violated court judgements. Two weeks ago, GTBank took possession of Stallion’s assets through its appointed

February 21, 2023

Business

GTBank Admits To Money Laundering Failure, Loses $9.3 million

The United Kingdom’s Financial Conduct Authority (FCA) revealed on Tuesday that the UK subsidiary of Guaranty Trust Bank (GTBank) has an inadequate money laundering system. As a result, it fined GTBank £11 million, stating that the money laundering system of the financial

January 11, 2023

Business

GTBank Blocks Customers From Using Naira Mastercard For International Transactions

Customers of Guaranty Trust Bank (GTBank) have been blocked from conducting international transactions on the naira Mastercard. The financial institution revealed this in an email sent to account holders titled, ‘Important Update on Your Naira Card for International Spending.’ Guaranty Trust Bank

December 30, 2022

Business·Insights

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

Shareholders of Guaranty Trust Holding Company (GTCO) lost -21.15% of their investment in the financial institution, as the Segun Agbaje-led firm loses investors’ confidence. GTCO stock had began January at N26 per share, but in the last six months, investors have been

July 4, 2022

Business·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at the end of March 2022. The five banks, known as

June 20, 2022

Business·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous year. This number is 90.5% higher than the fraudulent activities

June 17, 2022

Business·Insights

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

The last three months has been a disappointing period for investment banker, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), as his total investment in the financial institution fell by -16.5%. Agbaje lost N143.05 million after his

June 7, 2022

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Guaranty Trust Bank

GTBank’s Parent Firm Risks Regulatory Sanction Over Financial Statement

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

N13 billion Debt: Court Says GTBank Violates Order, Tries To Undermine Proceedings

GTBank Admits To Money Laundering Failure, Loses $9.3 million

GTBank Blocks Customers From Using Naira Mastercard For International Transactions

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

GTCO Takes Over Investment One Pensions Managers

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