Precious Eze, Olawale Rotimi, Rowland Olonishuwa and Seun Odunlami, four Nigerian bloggers accused of cyberstalking Guaranty Trust Holding Company Plc (GTCO) and chief executive Segun Agbaje, have regained their freedom after spending six months in custody.

The bloggers were set free after the financial institution withdrew the charges it filed against them following a settlement agreement on Thursday.

The settlement involved the intervention of the Guild of Editors and the bank to have the matter settled amicably under the terms both parties agreed upon. The case was struck out at the Federal High Court in Lagos.

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In August, the bloggers were accused of conspiring amongst themselves to cyberstalk and attempt to publish false, misleading and unsubstantiated claims which they all knew to be false against GTCO, its management, the Central Bank of Nigeria and the entire banking system in Nigeria.

The bloggers were also accused of perpetrating the act through various social media outlets.

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GTCO also claimed that the bloggers threatened to use the stories for extortion by concocting false, misleading and unsubstantiated allegations through various social media outlets against it.

All four bloggers were detained for weeks. In court, they pleaded not guilty at the time.