/ Re: Purported Enforcement of a Judgment Against GTBank

Press Statement

Re: Purported Enforcement of a Judgment Against GTBank

Lagos Nigeria - March 29, 2019

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 to a Judgment of the Federal High Court, Ibadan, Oyo State, at one of its branches in Anambra State.

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 Garnishee Proceedings against the account of the Nigerian Customs Services Board domiciled with the Bank and not aganist the Bank as an entity.

The Bank remains committed to providing best-in-class  customer experience to all its valued customers.

Thank you.

Yours faithfully,
Eric Obededuo
Company Secretary