GTB promises quality customer relations

GT Bank has said it would continue to maintain its integrity in all its relationship and dealings with its esteemed customers across the globe. Reacting against the backdrop of its recent attempted illegal sale of a customer’s shares fraudulently tendered as a loan security by Transglobe Investments and Finance Limited, a firm currently under investigation by the Securities and Exchange Commission (SEC), the bank’s Head of Media, Femi Adeniran, in a statement explained that the said customer of our bank took a facility from the Bank secured by shares belonging to a Cooperative Society, adding that all documents required for the perfection of the transaction between the Bank, the customer and Co operative society were duly executed.

He added that all necessary documents required for lien placement including the Co operative’s consent letter were duly executed. Upon verification, a lien was placed on the shares by CSCS.  Adeniran further noted that the customer could not repay the facility as agreed, the Bank informed the Cooperative. “Conse-quently though, the customer has paid down and the facility has been regularised and the security released.”

While ruling out any iota of fraud in the transaction, he advised its customers as well as members of the public to always seek clarifications on issues concerning the bank with the corporate communication department.  He assured its stakeholders that the bank would never mortgage its integrity which it is noted for in the industry.

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