Nigeria, April 15 -- Guaranty Trust Holding Company (GTCO) and its banking subsidiary, Guaranty Trust Bank Limited, paid nearly N6 billion as penalties for contravening regulatory provisions over a period of three years across the various countries in which it operates.

According to the audited financial statements published on its website for the years 2022, 2023, and 2024, the company and the bank incurred penalties of N4.2 billion, N73.9 million, and N1.6 billion, respectively, due to violations of regulatory requirements.

These breaches occurred in several countries, including Nigeria, Kenya, Ghana, Rwanda, The Gambia, Tanzania, and the United Kingdom, over the three financial years in question.

The figures, described as "contraven...