Guaranty Trust Bank has reacted to trending news that its operations have been taken over by vehicle manufacturing company Innoson Group.
Reports on Friday had it that a ruling by the Supreme Court ordered the vehicle manufacturing company to take over the bank over N8.7billion debt.
According to a statement by the Bank, all necessary legal steps to address this situation and ensure that no illegal or fraudulent execution is carried out.
“The attention of Guaranty Trust Bank PLC (“the Bank”) has been drawn to statements circulating in the news and social media in respect of a purported enforcement of a judgement of the Federal High court, Ibadan, Oyo state, at one of its branches in Anambra state,” it said in a statement on Friday night.
“The Bank as a law-abiding corporate citizen is taking all necessary legal steps to address this situation and ensure that no illegal or fraudulent execution is carried out.
“It is important to state that the Judgment allegedly in issue is in respect of a Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity.
“The Bank remains committed to providing best-in- class customer experience to all its valued customers.”