Guaranty Trust Bank says it is finding a way to guarantee that no illicit or fake execution is completed by Innoson engines, with whom it has an arduous court case.

On Friday, Innoson Nigeria Limited had reported that it acquired a writ of Fifa from the Federal High Court in Awka, Anambra State, against GTB to impact the judgment given by the Federal High Court in Ibadan and maintained by the Supreme Court of Nigeria.

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Cornel Osigwe, the Head of Corporate Communication of Innoson, made the declaration, saying: "The Chairman of Innoson Group, Chief Dr. Honest Chukwuma, OFR has through a Writ of FiFa assumed control over Guaranty Trust Bank PLC for and in the interest of Innoson Nigeria Ltd because of the bank's obligation to Innoson Nigeria Ltd. In a milestone choice on February 27th 2019, the Supreme Court of Nigeria expelled GTB's intrigue — SC. 694/2014 — against the judgment of Court of Appeal, Ibadan Division."

"We have taken over GTBank in Awka and Nnewi," Osigwe accordingly declared, including that "different branches are not far off"........continue reading: https://www.newsvib.com/2019/03/gtbank-finally-reacts-to-innosons-takeover.html

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