Olawale Olurotimi, publisher of National Monitor, Nigeria’s leading news website, has formally retracted previously published reports concerning Guaranty Trust Holding Company (GTCO).
National Monitor hereby withdraws its earlier publication dated September 19, 2024, titled “GTBank Faces Internal Crisis As EFCC, FIRS Investigate Alleged False Profit Declaration.”
Upon further review, we acknowledge that the publication was unverified, misleading, and lacked factual basis.
After conducting a thorough reassessment, we confirm that GTCO’s quarterly financial report was properly audited, approved, and certified by the Central Bank of Nigeria (CBN) and other relevant financial regulatory bodies.
We deeply regret the misinformation and urge the general public to disregard our previous report.
“We have since issued a formal apology to GTCO, its management, and staff,” Olurotimi stated.
This retraction follows growing concerns regarding the impact of unverified information on financial reporting, market confidence, and corporate reputation.
