CBN, BoG sanction GTBank, fine lender N1.7bn for infractions
Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company (GTCO) has been hit with a total fine of N1.7bn for foreign exchange (FX) violations and consumer protection breaches. The penalty according to its financial statement for 2024 covers the company’s operations across Nigeria, Ghana, Gambia, and Rwanda. GTCO was fined a total of…