Days after it was accused of masterminding the arrest of Innoson Motors CEO, Innocent Chukwuma, Nigeria commercial institution Guarantee Trust Bank (GTB) has decided to set the record straight.

In a statement signed by the company’s secretary, Erhi Obebeduo, said the bank reserve the right to report any criminal activity to security agencies at any time.

He said the bank would however, not comment on a case already under investigation by the appropriate authorities.

GTB also advise the general public to “disregard rumours and false statement that are being spread by mischievous element both in the news and social media.”

Also read: EFCC Releases Innoson Motors Boss

Innoson Motors has accused the bank of using the Economic and Financial Crimes Commission (EFCC) to intimidate it after losing court case against the automobile company.

In a statement on Tuesday, Chukwuma claims he is being owed an undisclosed amount of money (believed to be about N8 billion) by Guaranty Trust Bank (GTB) which a court of law had ruled in his favour, and that the EFCC was being used to intimidate him.

Chukwuma was arrested by the EFCC in his Enugu home around 9am local time on Tuesday December 19, 2017.

After interrogation, the commission released Chukwuma on bail after over 24 hours of detention.