Guaranty Trust Holding Company Plc, the parent company of Guaranty Trust Bank (GTBank), has withdrawn its defamation suit against four journalists.
Subsequently, the federal high court in Ikoyi struck out the cyberstalking and defamation case.
Ayokunle Faji, presiding judge, dismissed the suit marked FHC/L/774C/2024 on Thursday.
On September 20, the police in Lagos arrested Olurotimi Olawale, National Monitor newspaper editor, and Precious Chukwunonso, publisher of a privately owned news platform.
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On September 25, Rowland Olonishuwa, a reporter with the Herald newspaper in Kwara state; and Seun Odunlami, publisher of Newsjaunts in Ogun state, were also arrested by the police.
On September 27, the four journalists were charged with violating sections 24(1)(b) and 27 of the Cybercrimes Act.
They were arraigned before a Lagos federal court for a report that accused Segun Agbaje, the chief executive officer of GTB, of involvement in alleged fraud worth N1 trillion (US$600 million).
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At the resumed court session, Ajibola Aribisala, counsel to the prosecution, informed the court that GTCO and the defendants had reached an amicable settlement. Supporting documents were tendered before the court.
Consequently, the case was struck out.
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