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We didn’t give N500m to any politician, says GTBank on viral social media post

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Guaranty Trust Bank (GTBank) has denied giving N500 million new notes to any presidential candidate in Saturday’s election.

A Twitter user, @ifygold21, had earlier tweeted that the bank gave the sum to a presidential candidate on Friday due to an order from President Muhammadu Buhari.

The post was retweeted 6,442 times with 14,500 likes.

But in a statement on Wednesday, GTBank described the claim as “completely false”.

The financial institution said the allegation was aimed at tarnishing the image of the bank and its officers.

‘The attention of Guaranty Trust Bank Ltd (the “Bank”) has been drawn to a spurious post on Twitter by @ifygold21 alleging that the bank gave the new naira notes in the total sum of ₦500 million to one of the leading presidential candidates in the ongoing general elections on the eve of the elections and at the order of a high-ranking government official,” the statement reads.

“The bank wishes to refute this claim in its entirety and state categorically that it is completely false and is designed to bring the image of the bank and its officers to disrepute.

“The fact that the post refers to Segun Agbaje as managing director of the bank further exposes the sponsors of the content as uninformed and malicious. Accordingly, we would like to clarify that Miriam Olusanya is the managing director of the bank and has been at the helm of affairs of the bank in that capacity since her appointment in August 2021.

“Our preliminary findings show that the post was made using a faceless bot account evidently operated by unscrupulous persons intent on propagating falsehood and inciting well-meaning Nigerians to their malicious ends.

“This is clearly unwarranted and poses a serious threat to our continuing operations, with incalculable risks to lives and property.”

GTB said that the post has been brought to the attention of all concerned parties including Twitter, for the identification of the owner of the fake account and consequent legal action.

It urged its customers to disregard the unsubstantiated claim in its entirety.

“Guaranty Trust Bank hereby restates its commitment to being a responsible, non-partisan corporate citizen with strict adherence to the highest standards of global best practice as well as sound corporate governance in all aspects of our business operations,” the bank added.

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Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

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The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

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Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers

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The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

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Allegation of missing fund untrue, says Access Bank

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Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.

The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.

“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.

“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.

“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.

“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.

“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.

“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.

“We remain committed to serving our customers.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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