BUSINESS & ECONOMY
Corporate Forwarders Allege Financial Losses Over GTCO’s Error, Demands Compensation
Corporate Forwarders Limited said Guarantee Trust Company Plc (GTCO) erroneously flagged it as credit risk based on a report from the Credit Risk Management System (CSRM) of the Central Bank of Nigeria (CBN).
Corporate Forwarders said GTCO accused it of being 1952 days late in repaying an overdraft of N13, 021,000 granted to the company in 2015.
Meanwhile, Corporate Forwarders Ltd, a frontline logistics services provider of over three decades claimed it has never applied or received any financial support from GTCO.
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