The management of the Guarantee Trust Bank Plc, (“the Bank”) has reacted to several rumours, and false statements, being spread by those it refers to as mischievous elements in print and social media accusing “the bank” of being behind the recent arrest of one of its customers, Chief Innocent Chukwuma, GMD of Innosons Motors, Nnewi, by the Economic and Financial Crimes Commission, (EFCC).


While the bank did not exactly own up to the allegation of masterminding the arrest of Chief Innocent Chukwuma, it however explained that it reserves the right at all times to report any untoward or criminal activity of any of its customers or debtors to the appropriate law enforcement agencies for investigation and necessary action. It added that the law enforcement agencies as required by law establishing them, are constitutionally empowered to take necessary and appropriate actions to that effect, if only to serve as determents to those who may wish to abuse any of their prividges and relationships with the bank.

In a release dated December 20, 2017, and signed by the company secretary Mr. Obebeduo, GTB explained that though it does not comment on matters that are under investigation by the law enforcement agencies or in court as that might jeopardize the outcome of such investigations or be interpreted as over reaching the agencies, it would not be deterred from pursuing appropriate actions either to discourage conducts of its delinquent debtors or reporting untoward or criminal activities for investigations in a bid to recover such loans which it added are depositors funds. It sued for restraint assuring that the bank is committed to providing best-in-class customer experience to the customers irrespective of tribe, religion or language by taking appropriate steps to recover debts from recalcitrant debtors such as the instant case.

The bank therefore, in line with its duties as custodian of depositors funds, advises the general public to disregard and ignore such false statements that could mislead or deceive them into believing that the bank has derailed from its corporate objectives and responsibilities. 

Meanwhile, Chief Innocent Chukwuma has expressed dissatisfaction with the way and manner EFCC went about the arrest without first inviting him or giving him prior notice of their intention as required. He explained that mere business transaction with his bank (GTB) should not warrant the infringement on his rights to freedom and liberty.