Banking
Sort Codes of GTBank Branches in Nigeria

By Dipo Olowookere
For those who are involved in the transfer of money online, they must have one time been asked to provide their bank’s sort code before the transaction can be completed.
This piece is aimed at providing the sort codes of Guaranty Trust Bank (GTBank) Plc branches nationwide.
A sort code, which is a six-digit number, identifies both the bank and the branch where the account is held. It is a code used to route money transfers between banks.
In our subsequent posts, we would provide sort codes of other banks operating in the country.
S/N | BANK | STATE | BRANCH | SORT CODE | |
1 | GUARANTY TRUST BANK PLC | ABIA | ABA, ABA-OWERRI RD | 058-235212 | |
2 | GUARANTY TRUST BANK PLC | ABIA | ABA, PORT HARCOURT ROAD | 058-235225 | |
3 | GUARANTY TRUST BANK PLC | ABIA | UMUAHIA | 058-237016 | |
4 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA , WUSE II | 058-083228 | |
5 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, AREA 11 GARKI | 058-083257 | |
6 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, ADETOKUNBO ADEMOLA CRESCENT | 058-083299 | |
7 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, GARKI | 058-083215 | |
8 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, GWAGWALADA | 058-083244 | |
9 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, KUBWA | 058-083273 | |
10 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, MAITAMA | 058-083231 | |
11 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, NATIONAL ASSEMBLY | 058-083260 | |
12 | GUARANTY TRUST BANK PLC | ABUJA | ABUJA, ULO PLAZA,WUSE ZONE 5 | 058-083309 | |
13 | GUARANTY TRUST BANK PLC | ABUJA | AMINU-KANO ABUJA | 058-083286 | |
14 | GUARANTY TRUST BANK PLC | ABUJA | ASOKORO | 058-083956 | |
15 | GUARANTY TRUST BANK PLC | ABUJA | CADASTRAL ZONE,CBD ABUJA | 058-083969 | |
16 | GUARANTY TRUST BANK PLC | ABUJA | KAURA NAMODA | 058-083972 | |
17 | GUARANTY TRUST BANK PLC | ADAMAWA | MUBI | 058-098213 | |
18 | GUARANTY TRUST BANK PLC | ADAMAWA | YOLA | 058-093616 | |
19 | GUARANTY TRUST BANK PLC | ADAMAWA | YOLA | 058-093629 | |
20 | GUARANTY TRUST BANK PLC | AKWA IBOM | UYO | 058-015513 | |
21 | GUARANTY TRUST BANK PLC | ANAMBRA | AWKA | 058-027116 | |
22 | GUARANTY TRUST BANK PLC | ANAMBRA | NNEWI | 058-025817 | |
23 | GUARANTY TRUST BANK PLC | ANAMBRA | ONITSHA | 058-025118 | |
24 | GUARANTY TRUST BANK PLC | ANAMBRA | ONITSHA, NEW MARKET | 058-025121 | |
25 | GUARANTY TRUST BANK PLC | ANAMBRA | BRIDGE HEAD | 058-025134 | |
26 | GUARANTY TRUST BANK PLC | ANAMBRA | OLD CEMENTRY ROAD | 058-025118 | |
27 | GUARANTY TRUST BANK PLC | ANAMBRA | NNAMDI AZIKWE UNIVERSITY | 058-027129 | |
28 | GUARANTY TRUST BANK PLC | ANAMBRA | NNAMDI AZIKWE UNIVERSITY, AWKA | 058-017126 | |
29 | GUARANTY TRUST BANK PLC | ANAMBRA | ONITSHA III – BRIDGE HEAD | 058-025139 | |
30 | GUARANTY TRUST BANK PLC | BAUCHI | BAUCHI | 058-036013 | |
31 | GUARANTY TRUST BANK PLC | BAUCHI | BAUCHI, AZARE | 058-036026 | |
32 | GUARANTY TRUST BANK PLC | BAYELSA | YENAGOA | 058-325410 | |
33 | GUARANTY TRUST BANK PLC | BENUE | MAKURDI | 058-053818 | |
34 | GUARANTY TRUST BANK PLC | BORNO | MAIDUGURI | 058-063413 | |
35 | GUARANTY TRUST BANK PLC | BORNO | MAIDUGURI, MONDAY MARKET ROAD | 058-063426 | |
36 | GUARANTY TRUST BANK PLC | BORNO | UMTH,MAIDUGURI | 058-063433 | |
37 | GUARANTY TRUST BANK PLC | CROSS RIVER | CALABAR | 058-075618 | |
38 | GUARANTY TRUST BANK PLC | CROSS RIVER | IKOM | 058-077412 | |
39 | GUARANTY TRUST BANK PLC | DELTA | AIRPORT ROAD, WARRI | 058-244151 | |
40 | GUARANTY TRUST BANK PLC | DELTA | ASABA | 058-244135 | |
41 | GUARANTY TRUST BANK PLC | DELTA | SAPELE | 058-247310 | |
42 | GUARANTY TRUST BANK PLC | DELTA | WARRI | 058-244119 | |
43 | GUARANTY TRUST BANK PLC | DELTA | DELSU ABRAKA | 058-094178 | |
44 | GUARANTY TRUST BANK PLC | EBONYI | ABAKALIKI | 058-335918 | |
45 | GUARANTY TRUST BANK PLC | EDO | AUCHI | 058-447615 | |
46 | GUARANTY TRUST BANK PLC | EDO | BENIN V – IKPOBA HILLS | 058-044254 | |
47 | GUARANTY TRUST BANK PLC | EDO | BENIN, AKPAKPAVA | 058-044238 | |
48 | GUARANTY TRUST BANK PLC | EDO | BENIN, EKENWAN RD | 058-044241 | |
49 | GUARANTY TRUST BANK PLC | EDO | BENIN, SAPELE ROAD | 058-044128 | |
50 | GUARANTY TRUST BANK PLC | EDO | BENIN, USELU | 058-044225 | |
51 | GUARANTY TRUST BANK PLC | EDO | BENIN | 058-044267 | |
52 | GUARANTY TRUST BANK PLC | EDO | EKPOMA | 058-244274 | |
53 | GUARANTY TRUST BANK PLC | EKITI | ADO-EKITI | 058-184619 | |
54 | GUARANTY TRUST BANK PLC | EKITI | EKSU | 058-184444 | |
55 | GUARANTY TRUST BANK PLC | EKITI | EKITI | 058-034442 | |
56 | GUARANTY TRUST BANK PLC | ENUGU | ENUGU, OGUI ROAD | 058-255315 | |
57 | GUARANTY TRUST BANK PLC | ENUGU | ENUGU, RANGERS | 058-255328 | |
58 | GUARANTY TRUST BANK PLC | ENUGU | NSUKKA | 058-257517 | |
59 | GUARANTY TRUST BANK PLC | FCT | APO | 058-083930 | |
60 | GUARANTY TRUST BANK PLC | FCT | JABI | 058-083943 | |
61 | GUARANTY TRUST BANK PLC | GOMBE | GOMBE | 058-036217 | |
62 | GUARANTY TRUST BANK PLC | IMO | OKIGWE | 058-105931 | |
63 | GUARANTY TRUST BANK PLC | IMO | ORLU | 058-105928 | |
64 | GUARANTY TRUST BANK PLC | IMO | OWERRI | 058-105711 | |
65 | GUARANTY TRUST BANK PLC | IMO | OWERRI 2 | 058-105724 | |
66 | GUARANTY TRUST BANK PLC | JIGAWA | DUTSE | 058-266511 | |
67 | GUARANTY TRUST BANK PLC | KADUNA | KADUNA | 058-113114 | |
68 | GUARANTY TRUST BANK PLC | KADUNA | KADUNA 4 (BARNAWA) | 058-113143 | |
69 | GUARANTY TRUST BANK PLC | KADUNA | KADUNA, KANO ROAD | 058-113130 | |
70 | GUARANTY TRUST BANK PLC | KADUNA | KADUNA, NNAMDI AZIKWE | 058-113127 | |
71 | GUARANTY TRUST BANK PLC | KADUNA | ZARIA | 058-118119 | |
72 | GUARANTY TRUST BANK PLC | KADUNA | NDA KADUNA | 058-113156 | |
73 | GUARANTY TRUST BANK PLC | KANO | KANO | 058-123010 | |
74 | GUARANTY TRUST BANK PLC | KANO | KANO, BACHIRAWA RD | 058-123049 | |
75 | GUARANTY TRUST BANK PLC | KANO | KANO, BELLO ROAD | 058-123036 | |
76 | GUARANTY TRUST BANK PLC | KANO | KANO, WAPA | 058-123052 | |
77 | GUARANTY TRUST BANK PLC | KANO | KANO, ZARIA RD | 058-123023 | |
78 | GUARANTY TRUST BANK PLC | KANO | KANO | 058-123065 | |
79 | GUARANTY TRUST BANK PLC | KATSINA | KATSINA | 058-133916 | |
80 | GUARANTY TRUST BANK PLC | KEBBI | BIRNIN KEBBI | 058-276116 | |
81 | GUARANTY TRUST BANK PLC | KOGI | LOKOJA | 058-286410 | |
82 | GUARANTY TRUST BANK PLC | KOGI | OBAJANA | 058-288311 | |
83 | GUARANTY TRUST BANK PLC | KOGI | OKENE | 058-288418 | |
84 | GUARANTY TRUST BANK PLC | KWARA | ILORIN | 058-144439 | |
85 | GUARANTY TRUST BANK PLC | KWARA | ILORIN GRA | 058-144426 | |
86 | GUARANTY TRUST BANK PLC | KWARA | ILORIN, UNITY ROAD | 058-144413 | |
87 | GUARANTY TRUST BANK PLC | KWARA | OFFA | 058-144714 | |
88 | GUARANTY TRUST BANK PLC | KWARA | KWARA POLY | 058-144468 | |
89 | GUARANTY TRUST BANK PLC | KWARA | UNILORIN | 058-144455 | |
90 | GUARANTY TRUST BANK PLC | LAGOS | ABULE EGBA | 058-152489 | |
91 | GUARANTY TRUST BANK PLC | LAGOS | ADENIYI JONES | 058-152434 | |
92 | GUARANTY TRUST BANK PLC | LAGOS | ADEOLA ODEKU | 058-152094 | |
93 | GUARANTY TRUST BANK PLC | LAGOS | ADETOKUNBO ADEMOLA | 058-152146 | |
94 | GUARANTY TRUST BANK PLC | LAGOS | AJAH | 058-152272 | |
95 | GUARANTY TRUST BANK PLC | LAGOS | AJOSE ADEOGUN | 058-152502 | |
96 | GUARANTY TRUST BANK PLC | LAGOS | AKIN ADESOLA | 058-152052 | |
97 | GUARANTY TRUST BANK PLC | LAGOS | AKOWONJO | 058-152366 | |
98 | GUARANTY TRUST BANK PLC | LAGOS | ALABA | 058-152560 | |
99 | GUARANTY TRUST BANK PLC | LAGOS | ALAUSA | 058-152340 | |
100 | GUARANTY TRUST BANK PLC | LAGOS | ALLEN | 058-152023 | |
101 | GUARANTY TRUST BANK PLC | LAGOS | AMUWO ODOFIN | 058-152599 | |
102 | GUARANTY TRUST BANK PLC | LAGOS | ANTHONY | 058-152298 | |
103 | GUARANTY TRUST BANK PLC | LAGOS | APAPA, BURMA ROAD | 058-152515 | |
104 | GUARANTY TRUST BANK PLC | LAGOS | APAPA, COMMERCIAL RD | 058-152049 | |
105 | GUARANTY TRUST BANK PLC | LAGOS | APAPA, CREEK ROAD | 058-152188 | |
106 | GUARANTY TRUST BANK PLC | LAGOS | ASPAMDA | 058-152078 | |
107 | GUARANTY TRUST BANK PLC | LAGOS | BANK ANTHONY | 058-152065 | |
108 | GUARANTY TRUST BANK PLC | LAGOS | BAYO KUKU | 058-152586 | |
109 | GUARANTY TRUST BANK PLC | LAGOS | BROAD ST | 058-152036 | |
110 | GUARANTY TRUST BANK PLC | LAGOS | CATHOLIC MISSION | 058-152243 | |
111 | GUARANTY TRUST BANK PLC | LAGOS | CBD ALAUSA | 058-152612 | |
112 | GUARANTY TRUST BANK PLC | LAGOS | CHEVRON DRIVE | 058-152405 | |
113 | GUARANTY TRUST BANK PLC | LAGOS | COMPUTER VILLAGE,IKEJA | 058-152573 | |
114 | GUARANTY TRUST BANK PLC | LAGOS | DIYA GBAGADA | 058-152528 | |
115 | GUARANTY TRUST BANK PLC | LAGOS | EGBEDA, IDIMU RD | 058-152450 | |
116 | GUARANTY TRUST BANK PLC | LAGOS | FESTAC | 058-152269 | |
117 | GUARANTY TRUST BANK PLC | LAGOS | IBAFO | 058-152201 | |
118 | GUARANTY TRUST BANK PLC | LAGOS | IDI-ORO | 058-152418 | |
119 | GUARANTY TRUST BANK PLC | LAGOS | IDUMOTA | 058-152421 | |
120 | GUARANTY TRUST BANK PLC | LAGOS | IKORODU | 058-152324 | |
121 | GUARANTY TRUST BANK PLC | LAGOS | IKORODU | 058-152625 | |
122 | GUARANTY TRUST BANK PLC | LAGOS | IKOSI | 058-152230 | |
123 | GUARANTY TRUST BANK PLC | LAGOS | IKOYI | 058-152081 | |
124 | GUARANTY TRUST BANK PLC | LAGOS | IKOYI 2 | 058-152531 | |
125 | GUARANTY TRUST BANK PLC | LAGOS | ILUPEJU | 058-152104 | |
126 | GUARANTY TRUST BANK PLC | LAGOS | ISOLO | 058-152379 | |
127 | GUARANTY TRUST BANK PLC | LAGOS | ISOLO, AIRPORT ROAD | 058-152227 | |
128 | GUARANTY TRUST BANK PLC | LAGOS | KETU | 058-152395 | |
129 | GUARANTY TRUST BANK PLC | LAGOS | LASU | 058-152544 | |
130 | GUARANTY TRUST BANK PLC | LAGOS | LAWANSON | 058-152557 | |
131 | GUARANTY TRUST BANK PLC | LAGOS | LEKKI | 058-152159 | |
132 | GUARANTY TRUST BANK PLC | LAGOS | LUTH | 058-152308 | |
133 | GUARANTY TRUST BANK PLC | LAGOS | MAGODO | 058-152638 | |
134 | GUARANTY TRUST BANK PLC | LAGOS | ITIRE | 058-152641 | |
135 | GUARANTY TRUST BANK PLC | LAGOS | MARINA | 058-152162 | |
136 | GUARANTY TRUST BANK PLC | LAGOS | MATORI | 058-152447 | |
137 | GUARANTY TRUST BANK PLC | LAGOS | MOLONEY | 058-152463 | |
138 | GUARANTY TRUST BANK PLC | LAGOS | MUSHIN | 058-152256 | |
139 | GUARANTY TRUST BANK PLC | LAGOS | OBA AKRAN | 058-152120 | |
140 | GUARANTY TRUST BANK PLC | LAGOS | OBA AKRAN, BERGERPAINTS | 058-152382 | |
141 | GUARANTY TRUST BANK PLC | LAGOS | OGBA | 058-152175 | |
142 | GUARANTY TRUST BANK PLC | LAGOS | OJODU | 058-152492 | |
143 | GUARANTY TRUST BANK PLC | LAGOS | OJUELEGBA | 058-152311 | |
144 | GUARANTY TRUST BANK PLC | LAGOS | OKE-ARIN | 058-152476 | |
145 | GUARANTY TRUST BANK PLC | LAGOS | OKOTA | 058-152337 | |
146 | GUARANTY TRUST BANK PLC | LAGOS | ONIPANU | 058-152353 | |
147 | GUARANTY TRUST BANK PLC | LAGOS | OPEBI | 058-152214 | |
148 | GUARANTY TRUST BANK PLC | LAGOS | OREGUN | 058-152117 | |
149 | GUARANTY TRUST BANK PLC | LAGOS | PLAZA | 058-152010 | |
150 | GUARANTY TRUST BANK PLC | LAGOS | ST GREGORY | 058-152609 | |
151 | GUARANTY TRUST BANK PLC | LAGOS | BODE THOMAS 1 | 058-152133 | |
152 | GUARANTY TRUST BANK PLC | LAGOS | BODE THOMAS 2 | 058-152670 | |
153 | GUARANTY TRUST BANK PLC | LAGOS | TIAMIYU SAVAGE | 058-152285 | |
154 | GUARANTY TRUST BANK PLC | LAGOS | YABA | 058-152191 | |
155 | GUARANTY TRUST BANK PLC | LAGOS | PLURAL HOUSE | 058-152654 | |
156 | GUARANTY TRUST BANK PLC | LAGOS | IKOTA | 058-152696 | |
157 | GUARANTY TRUST BANK PLC | LAGOS | IKOTUN BRANCH | 058-152706 | |
158 | GUARANTY TRUST BANK PLC | LAGOS | WESTERN AVENUE | 058-152683 | |
159 | GUARANTY TRUST BANK PLC | LAGOS | CELE – IJESHA | 058-152719 | |
160 | GUARANTY TRUST BANK PLC | LAGOS | ABULE EGBA 2 | 058-023266 | |
161 | GUARANTY TRUST BANK PLC | LAGOS | APAPA, DUOLLA ROAD | 058-152883 | |
162 | GUARANTY TRUST BANK PLC | LAGOS | EGBE ROAD | 058-152845 | |
163 | GUARANTY TRUST BANK PLC | LAGOS | FESTAC 2 | 058-152777 | |
164 | GUARANTY TRUST BANK PLC | LAGOS | INTL AIRPORT RD 2 | 058-152722 | |
165 | GUARANTY TRUST BANK PLC | LAGOS | IPAJA | 058-152764 | |
166 | GUARANTY TRUST BANK PLC | LAGOS | LASPOTECH | 058-152829 | |
167 | GUARANTY TRUST BANK PLC | LAGOS | MASHA | 058-153006 | |
168 | GUARANTY TRUST BANK PLC | LAGOS | OGBA 2 | 058-152942 | |
169 | GUARANTY TRUST BANK PLC | LAGOS | ORILE COKER | 058-152748 | |
170 | GUARANTY TRUST BANK PLC | LAGOS | UNILAG | 058-152751 | |
171 | GUARANTY TRUST BANK PLC | LAGOS | IJU | 058-152890 | |
172 | GUARANTY TRUST BANK PLC | LAGOS | LAUTECH | 058-199112 | |
173 | GUARANTY TRUST BANK PLC | NASARAWA | KARU | 058-206911 | |
174 | GUARANTY TRUST BANK PLC | NASARAWA | LAFIA | 058-206814 | |
175 | GUARANTY TRUST BANK PLC | NIGER | KONTAGORA | 058-168017 | |
176 | GUARANTY TRUST BANK PLC | NIGER | MINNA | 058-163711 | |
177 | GUARANTY TRUST BANK PLC | OGUN | ABEOKUTA | 058-174218 | |
178 | GUARANTY TRUST BANK PLC | OGUN | ABEOKUTA, ASERO | 058-179077 | |
179 | GUARANTY TRUST BANK PLC | OGUN | ABEOKUTA, UNAAB | 058-179064 | |
180 | GUARANTY TRUST BANK PLC | OGUN | AGBARA | 058-179080 | |
181 | GUARANTY TRUST BANK PLC | OGUN | IJEBU ODE | 058-179048 | |
182 | GUARANTY TRUST BANK PLC | OGUN | OOU AGO-IWOYE,OGUN STATE | 058-174144 | |
183 | GUARANTY TRUST BANK PLC | OGUN | SAGAMU | 058-179035 | |
184 | GUARANTY TRUST BANK PLC | OGUN | SANGO OTTA | 058-174810 | |
185 | GUARANTY TRUST BANK PLC | OGUN | RCCG | 058-179129 | |
186 | GUARANTY TRUST BANK PLC | OGUN | BABCOCK | 058-174823 | |
187 | GUARANTY TRUST BANK PLC | ONDO | AKURE | 058-184318 | |
188 | GUARANTY TRUST BANK PLC | ONDO | FUTA | 058-184321 | |
189 | GUARANTY TRUST BANK PLC | ONDO | ONDO | 058-184334 | |
190 | GUARANTY TRUST BANK PLC | OSUN | ILE-IFE | 058-294910 | |
191 | GUARANTY TRUST BANK PLC | OSUN | ILESA | 058-299012 | |
192 | GUARANTY TRUST BANK PLC | OSUN | O.A.U ILE-IFE | 058-294923 | |
193 | GUARANTY TRUST BANK PLC | OSUN | OSOGBO | 058-294512 | |
194 | GUARANTY TRUST BANK PLC | OYO | IBADAN, APATA | 058-194049 | |
195 | GUARANTY TRUST BANK PLC | OYO | IBADAN, BODIJA | 058-194023 | |
196 | GUARANTY TRUST BANK PLC | OYO | IBADAN, CHALLENGE | 058-194065 | |
197 | GUARANTY TRUST BANK PLC | OYO | IBADAN, DUGBE | 058-194010 | |
198 | GUARANTY TRUST BANK PLC | OYO | IBADAN, MOKOLA | 058-194052 | |
199 | GUARANTY TRUST BANK PLC | OYO | IBADAN, RING ROAD | 058-194036 | |
200 | GUARANTY TRUST BANK PLC | OYO | OGBOMOSO | 058-199028 | |
201 | GUARANTY TRUST BANK PLC | OYO | OYO | 058-199057 | |
202 | GUARANTY TRUST BANK PLC | PLATEAU | JOS, AHMADU BELLO WAY | 058-203325 | |
203 | GUARANTY TRUST BANK PLC | PLATEAU | JOS, JENGRE ROAD | 058-203312 | |
204 | GUARANTY TRUST BANK PLC | RIVERS | BONNY ISLAND | 058-217214 | |
205 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOURT, ABA RD | 058-215025 | |
206 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOURT, AZIKIWE RD | 058-215041 | |
207 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOURT, EAST WEST RD | 058-215054 | |
208 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOURT, INDUSTRIAL LAYOUT | 058-215070 | |
209 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOURT, SHELL RA | 058-215038 | |
210 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOURT,TRANS AMADI | 058-215012 | |
211 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOUT, IKWERRE ROAD | 058-215067 | |
212 | GUARANTY TRUST BANK PLC | RIVERS | PORTHARCOUT, NTA ROAD MGBUOBA | 058-215083 | |
213 | GUARANTY TRUST BANK PLC | RIVERS | NAOC | 058-215096 | |
214 | GUARANTY TRUST BANK PLC | RIVERS | RVSG Secretariat | 058-215944 | |
215 | GUARANTY TRUST BANK PLC | RIVERS | ABA ROAD PH E-BRANCH (Reports to 502) | 058-023600 | |
216 | GUARANTY TRUST BANK PLC | SOKOTO | SOKOTO | 058-223512 | |
217 | GUARANTY TRUST BANK PLC | SOKOTO | SOKOTO, MAIDUGURI ROAD | 058-223525 | |
218 | GUARANTY TRUST BANK PLC | SOKOTO | USMAN DAN FODIO | 058-223538 | |
219 | GUARANTY TRUST BANK PLC | TARABA | JALINGO | 058-306617 | |
220 | GUARANTY TRUST BANK PLC | TARABA | WUKARI | 058-308518 | |
221 | GUARANTY TRUST BANK PLC | YOBE | DAMATURU | 058-316717 | |
222 | GUARANTY TRUST BANK PLC | ZAMFARA | GUSAU | 058-326312 |
Banking
Polaris Bank in Safe Hands, No Need to Panic—Management

By Aduragbemi Omiyale
The management of Polaris Bank Limited has urged its customers and members of the public not to panic over reports that the financial institution has been sold to a new investor, Mr Auwal Gombe, in the sum of N40 billion.
It was recently reported that efforts are being made to hand over the lender to the businessman, who is said to be an ally of former military president, Mr Ibrahim Babangida, after the Central Bank of Nigeria (CBN) nationalised the defunct Skye Bank Plc into Polaris Bank in 2018.
In a statement issued on Friday in Lagos, the bank described the report of the purported sale as not only “speculative” but done to deliberately “create panic” among its customers and the banking community.
The company said the CBN established it and injected funds for its operations, it has bounced back to profitability, with a solid balance sheet, saying there is no cause for alarm as the bank was in safe hands.
“Stakeholders may recall the regulatory intervention in the erstwhile Skye Bank by the CBN and the subsequent injection of capital via the Asset Management Corporation of Nigeria (AMCON) through a bridge bank process, which birthed Polaris Bank in 2018.
“The bank has since stabilised its operations following the intervention; improving its balance sheet, customer base and profitability,” a part of the notice today said.
Continuing, Polaris Bank noted that, “Whilst the intention has always been to return the bank to private ownership, such a sale would occur following regulatory approvals with formal notification to all relevant stakeholders,” expressing its commitment to “ensuring timely communication to the public in such an event.”
“The board and management hereby reassure its customers, staff and the general public that Polaris Bank remains a stable, strong and credible financial institution, positioned to deliver sustainable value to all its stakeholders,” the statement concluded.
Banking
Wema Bank Refutes Dud Cheque, Forgery Allegations

By Aduragbemi Omiyale
The management of Wema Bank Plc has rubbished an allegation that it issued a dud cheque in connection with a garnishee proceeding for the payment of a judgement debt on behalf of the Bayelsa State Government.
A legal practitioner, Mr George Haliday, had accused the financial institution of issuing dud cheques but in a statement issued on Wednesday, the lender explained that the cheques have only not been cleared for payment because of the subsisting appeal at the Court of Appeal sitting in Abuja on the garnishee proceeding which has now been decided in its favour.
According to the statement, the lawyer only ran to the Magistrate Court in Abuja to lodge a complaint about the issuance of dud cheques after he lost his case at the appellate court.
“It is very worthy of note that the judgement debt against Bayelsa State Government, which Barrister George Haliday attempted to enforce by a garnishee proceeding, thereby leading to the issuance of the cheques in question had been settled by Bayelsa State Government via a Terms of Settlement between Barrister George Haliday and the Bayelsa State Government at the Supreme Court,” a part of the statement.
Recently, there were reports that the Managing Director/CEO of Wema Bank, Mr Ademola Adebise, was issued an arrest warrant, but the bank dismissed this, saying its leader was not given a fair hearing in the matter.
“Wema Bank wishes to state that the warrant for the arrest of Mr Ademola Adebise is in violation of his fundamental rights to fair hearing as he was never personally served with any process to appear before the magistrate court nor was he represented in court.
“We are a law-abiding corporate citizen; if there was any court summons properly served on the Managing Director for his appearance in court, he would have done so without fail.
“But in this case, there was no such service extended to him or any court processes personally served on him to appear in court until a warrant of arrest was issued in absentia. We view the arrest warrant as being an infringement on his fundamental rights,” the statement said.
Concluding, the lender emphatically refuted and dismissed “in their entirety, the allegations of dud cheque and forgery levelled against our bank and the Managing Director. We also dismiss the inappropriate issuance of a bench warrant on our Managing Director.
“We are already engaging in legitimate actions to seek redress and bring all the perpetrators of these unprofessional conducts and heinous criminal acts against our Managing Director and the bank to book.”
Banking
Advans Nigeria Becomes Most Innovative Microfinance Bank

By Aduragbemi Omiyale
More big feathers have been added to the colourful cap of Advans La Fayette Microfinance Bank, cementing its leadership position in the small lending business in Nigeria.
Recently, in recognition of its customer-centric credentials and innovation in product development, service delivery and brand management, the financial institution was named the Best Microfinance Bank in Nigeria at the Financial Derivatives Awards 2022.
Also, the company emerged as the Most Innovative Microfinance Bank in Nigeria in the Global Brands Magazine and World Economic Magazine Awards 2022.
The Managing Director/CEO of Advans La Fayette Microfinance Bank, Mr Gaetan Debuchy, while reacting to the accolades bestowed on the firm, dedicated the awards to the working management and staff of the bank, promising that the bank would continue to break boundaries.
“We are excited to win these awards. It further validates our innovative approach to providing customer-centric, affordable and transparent financial services,” Mr Debuchy said.
Also, the Head of Marketing and Communication at Advans La Fayette Microfinance Bank, Mr Kayode Abraham, stated that, “Over the years, we have centred our business on customer needs and feedback, which has helped us develop financial solutions from scratch to completion. We are pleased to be recognised as the most innovative and best microfinance bank in Nigeria.”
Earlier in the year, Advans Nigeria upgraded its mobile banking app ‘Adspire’ to include users’ ability to request bank statements and control their daily transaction limit. Through the app, clients can receive notifications and share by referring their friends and loved ones.
The bank recently introduced a micro-health insurance product and an education loan to facilitate financial inclusion.
The health insurance product was designed to ensure existing and prospective clients have access to high-quality and affordable health care services, while the education loan was designed to provide working and investment capital for school owners and to assist parents in paying their children’s school fees with ease.
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