Stallion Nigeria refutes fake news over alleged debt to GTB

By Mike Ochonma

Stallion Nigeria says its attention as a responsible corporate entity has been drawn to an article circulating around in the media alleging that Stallion is indebted to GTB to the tune of N13 billion.

The company insists that the purported publication is false, and the works of mischief makers as no such debt exist.

In a statement signed by Samar Sapre, chief finance officer, Stallion Nigeria said that
Stallion has been in court with GTB since 2019 over allegations and claims
with Stallion winning against GTB at the Court of Appeal, Nigeria.

The matter is yet in court and to that extent remains subjudice. Stallion says that as a law-abiding corporate entity with faith in the Nigerian judiciary, it will 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.