Lloyd Banks has stepped forward to address the rumors about himself being in a gay p#### movie, a scandal debunked by AllHipHop.com.

The first time that I got a glimpse of that, I was like, “Are you serious…

Dude do kinda look like me. It turned out to be an ugly situation. I was to a point where I was like, “Damn, I can’t believe people would even think that [could be me]. That’s like me doing a record with Murder Inc.” he said on BET’s “106 & Park.”

Eventually, Ty Lattimore was found and the p### star admitted to being the person in the video.

For Banks, a member of 50 Cent’s G-Unit, the matter didn’t get serious until his grandmother called him to reassure him.

“’Baby don’t you worry about the haters,’” she told him. “That’s when it started touching me personally,” he admitted. “I would hate for [my family] to flip out on something they know it’s false.”

Banks said he was mystified as to who actually would start such a rumor, which was accompanied by a pornographic gay video, but he realizes that such things go along with being a major star.

“This is not the first attempt and it’s not going to be the last attempt [to slander me]. It could have been another rapper, or somebody that doesn’t like hip hop, a female,” he said.

From his vantage point, the rumor didn’t damage his reputation, even though it ran rampant on the rumor for several days.

“It didn’t go that deep because I was [touring] in a new city every week,” he said.

Banks also recently issued a statement commented on AllHipHop.com’s involvement in dispelling the rumor.

“I wanna thank Allhiphop.com and Ty Lattimore for clearing up the recent ‘gay p###’ rumors,” Banks said. “If you’d like to check out the p### I’m producing, get my ‘Groupie Love DVD, It’s wild!’” Banks and the female stars from the DVD appeared on “The Howard Stern Show” today to promote the recent XXX release.

The DVD is available online and at various other adult outlets.