Stallion Nigeria has debunked a media publication which alleged that the company is indebted to GTB. It denied owing the bank, even as it described the story as “fake news” and the handiwork of mischief makers because no such debt exists.
In a statement in a Lagos, Stallion Nigeria said its attention has been drawn to the false allegation that Stallion is indebted to GTB to the tune of N13 billion, but explained that as a responsible corporate entity it insists that the purported publication has no substance.
In a statement signed by the Chief Finance Officer, Samar Sapre, Stallion Nigeria said that the company has been in court with GTB since 2019 over allegations and claims, disclosing that it has won the case against the bank at the Court of Appeal.
Sapre further stated that the matter is still in court, stating that as a law-abiding corporate organistaion with strong confidence in the Nigerian judiciary, Stallion would rather refrain from commenting on a matter that is subjudice except to clarify that the publication “is false, mischievous and a ploy to smear the unblemished reputation of Stallion. “
“We implore the general public to ignore the publication as there is no such court verdict existing anywhere as alleged in the publication. The matter is still pending in court,” the statement concluded.