All transactions between individuals and banks are private and personal, government does not involve itself in the personal contract. Even if an individual defaults on a loan the most a commercial bank could do is initiate recovery action which usually start with the collateral, if there is one. The next stage is legal action, and the last is a writeoff and then blacklisting. Government is never called in to intervene in a matter between an individual and their bank in normal instances.

If a fraud or criminal activity has taken place on a individual account, a bank can invite government for forensic investigation. This is very rare because banks usually have their own shady deals they are trying to keep covered and under cloak of drkness and so they will never approach government into their business even at most disadvantage against a client. Theyd rather hire private investigator and get their legal department involved.

When government is involved in a bank account usually they have been monitoring that account for a while and with surveillance. Government likes to keep credibility intact and avoid embarassment with public. So they restrain and are cautious about taking impulsive action that will prove unproductive and end in embarassments. Account scrutiny and surveillance can take months, sometimes years gathering evidence and collecting forensic footprints and trails of money movements in and out of an account, sometimes across many countries and they may even involve security agencies in other countries to establish proper protocol and jurisdiction.

So for someone as high placed as Innoson to be invited by EFCC there is a lot going on the fraud/criminal side...more than likely funding for a terrorist group, money laundering, drug cartel protection money, and so on.

Innocent Chukwuma should not be giving interview so soon unless hebis attempting to get public empathy to his side. If hands are clean he should support government investigation and give all assistance he can to get to the bottom of the issue. Coming on TV to talk about what banks owe to him is a deflection and is read as someone trying not to sink in the sorrounding pool of evidence accusing him of wrongdoing. At the EFCC interrogation they must have showed him some basic evidence, not all...its a setup...a hook to get him to panic and start covering his footprints or trying to erase tracks.

A mod hid this away from traffic earlier

This is insightful.

This guy is writing as if he were in America or something, totally forgetting he is writing about Nigeria, otherwise an articulate write-up, I must say

We are following......

So you mean he might have committed some grave offence?

why do Yoruba lie a lot ? all these spinning will not deter the Igbos from crashing gtb ....simple the criminal bank must pay up or sold over to innoson

adeolakemi:
why do Yoruba lie a lot ? all these spinning will not deter the Igbos from crashing gtb ....simple the criminal bank must pay up or sold over to innoson

You cant crash Gtbank. Forget about it. That bank is a behemoth and a symbol of Yoruba pride. You can withdraw all your money if you igbos want but it wont crash.

resurgentxtian4:


You cant crash Gtbank. Forget about it. That bank is a behemoth and a symbol of Yoruba pride. You can withdraw all your money if you igbos want but it wont crash.

alcantra I don't think you know the financial power of an average Igbo man ....these guy are self made unlike other ethnic groups

resurgentxtian4:


You cant crash Gtbank. Forget about it. That bank is a behemoth and a symbol of Yoruba pride. You can withdraw all your money if you igbos want but it wont crash.

They want to 'crash' GTBank the same way they wanted to crash Nairaland sometime ago and failed. The 'zoo' is still here while kanu has fled to Ghana. Yinmu. For dia mind. Lol.

Gtb Wil Go Down The Drain With This Bruha

adeolakemi:
alcantra I don't think you know the financial power of an average Igbo man ....these guy are self made unlike other ethnic groups

Even if you think you are richer than the average yoruba man, you cant crash Gtbank. Just forget about and withdraw all your money quietly.

Please we need to eschew all these tribal rhetoric and allow Gtbank and innoson settle their matter.

why does EFCC need to get involved in this? why cant GTB take Innoson to court to seek redress?

This is another failure from Magu and evidence of lack of focus. He does not know the limits of his jurisdiction

The EFCC can not operate like some Mafia enforcing discipline and dishing out justice as they see fit.

Doesn't help that his name is Chumwuma as in Chumwuma Nzeogwu

adeolakemi:
why do Yoruba lie a lot ? all these spinning will not deter the Igbos from crashing gtb ....simple the criminal bank must pay up or sold over to innoson

There few steps Ibo can take to heal your bruised ego and prove you are indomitable, independent and economically unstoppable.

1. All Ibo businessmen whose loan with GTB is still being serviced should approach Fidelity (Peter Obi's bank) and ask them to acquire your loan from GTB immediately.

2. Whether you withdraw your savings or not, Innoson still owe GTB billions of naira. All Ibos with deposits in GTB should show solidarity and love for Innoson by writing to GTB to liquidate your account and charge the credit balance against Innoson's debt to help reduce his balance.

3. Fidelity should prove its love for Ibo buying Innoson's debt from GTB and bring his debit balance to 0.

Anything short of these three steps is just a parade of circus clowns by SE.