Guaranty Trust Holding Company
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Innoson Motors legal dispute
Guaranty Trust Bank and Innoson Motors were involved in a long-running dispute concerning a financial contract. In March 2019, the Supreme Court of Nigeria ordered Guaranty Trust Bank to pay Innoson Motors ₦8.8 billion in connection with accrued interest. The Supreme Court ordered Guaranty Trust Bank to pay Innoson Motors ₦8.8 billion in a long-running dispute involving a financial contract and accrued interest.
Alleged political campaign-finance violation
A media investigation alleged that an Investment One-related payment channel connected to GTCO made political donations above the limit permitted for a presidential candidate under Nigerian campaign-finance rules. The allegation is included as reported controversy, not as a confirmed adjudication. A media investigation alleged that an Investment One-related payment channel connected to GTCO made political donations above the limit permitted for a presidential candidate under Nigerian campaign-finance rules; a report alleged that Investment One, a GTCO subsidiary, made three transfers totaling ₦200 million to the campaign account of Yemi Osinbajo. The allegation is included as reported controversy, not as a confirmed adjudication, and requires verification against primary records and any official findings.
Alleged campaign-finance contribution
A media report alleged that Investment One, a GTCO subsidiary, made three transfers totaling ₦200 million to the campaign account of Yemi Osinbajo. The report characterized the payments as potentially inconsistent with Nigeria’s campaign-finance limits; the allegation requires verification against primary records and any official findings.