ENUGU-GUARANTY Trust Bank has resisted attempt to seal its branches by Innoson Group of companies, who was authorized by court to seal the bank until it pays up.

Innoson has however warned that the bank’s resistance amounts to contempt of the court order and has vowed to invoke full weight of the law against GT bank.

In a mild commotion at Ogui road branch of the bank in Enugu, on Monday, officials of the bank refused Innoson and its team of lawyers and security personnel from executing the seal order.

The drama made for panic withdrawals by the bank customers who could not comprehend the imbroglio.
Bank manager of the Ogui road branch told Innoson lawyers and security men that they should not seal the bank, and argued that the order the court gave was execution order to pay Innoson it’s money but not to seal the bank.

“The court did not tell you to seal our bank, what they gave was an execution order to pay him his money. If they gave you order to seal it let us see the paper from court which orders you to do so.
“We are not above the law. Everybody knows that Supreme Court is the apex court in the land, once they say it that’s final, but we have not seen the paper from the Supreme Court that gave the order, and until we see that, we will not allow you to seal our bank.” the branch manager said.

The commotion spread to town which made the bank customers rush to the bank to withdraw their money.

Innoson’s head of communications, Cornel Osigwe however said that it’s next line of action would be contempt charge against the bank for obstructing court’s execution order.

Osigwe said “This goes to show the character of the company that we’re dealing with. The character of the company that has failed to obey court judgement, the character of the company that has consistently used kangaroo style and method as their bank relationship management to their best customers.

“We’re a law abiding company, the writ of Fifa execution was carried out by the court bailiff through due process of the law. We shall commence contempt proceedings against the Branch manager and the Managing Director. Nobody is bigger than the court in Nigeria.”

https://www.vanguardngr.com/2019/04/n8-7b-debt-gtb-resists-seal-of-bank/amp/?__twitter_impression=true

Ok

See this innoson o, you want to use 8bn to claim over 4 trillion. This will not end well.

Hahaha Nigeria is funny and lawless country. Who pays judgement debt in Nigeria... recently Canadian government paid a judgement debt of 10m to a citizen for maltreatment... (umar somebody google)

GTb have probably told there branch managers to resist the embarrassment, next they will recourse to powers that be- EFCC, police, icpc, army, civil defence and CCT danladi umar to get expate order... or remember what Innoson did wrong in 1900

Naija is on a loooooog thing

GTB is just embarrassing itself now.

All I see is a man who prefers to keep going back to the courts to divert attention and delay judgement in the substantive case which is still ongoing.

In this case, the judgement debt of 8billion will be taken from Nigerian Customs account with GTB.

Panic withdrawals are most unecessary.I know for sure that deposits are safe. 8 billion is too small to make a significant impact on GTB. Besides, the matter is between him and Customs. Taking over GTB because of this as some think, is a tall dream.

famouscargo4u:
See this innoson o, you want to use 8bn to claim over 4 trillion. This will not end well.

How about paying up the judgment debt and save the organization all these embarrassment
.

.Gtb has been declaring Trillion Naira as profit but now to pay as little as 8 billion naira out of it is now a long grammar,


Are they implying that trillion, trillion naira profits is only on papers.
.

delpee:
All I see is a man who prefers to keep going back to the courts to divert attention and delay judgement in the substantive case which is still ongoing.

In this case, the judgement debt of 8billion will be taken from Nigerian Customs account with GTB.

Panic withdrawals are most unecessary.I know for sure that deposits are safe. 8 billion is too small to make a significant impact on GTB. Besides, the matter is between him and Customs. Taking over GTB because of this as some think, is a tall dream.

So if you want to divert attention, you just go to court?
Is that what they told you? Divert attention from what, BTW?

Besides, where do you come from and which university or polytechnic did you attend?

..

Well this innoson vs Gtbank is a sensitive subject..
Gtbank has proven to be the culprit by admitting excessive deductions. They should have agreed to settle the issue out of court

delpee:
All I see is a man who prefers to keep going back to the courts to divert attention and delay judgement in the substantive case which is still ongoing.

In this case, the judgement debt of 8billion will be taken from Nigerian Customs account with GTB.

Panic withdrawals are most unecessary.I know for sure that deposits are safe. 8 billion is too small to make a significant impact on GTB. Besides, the matter is between him and Customs. Taking over GTB because of this as some think, is a tall dream.

it seems you are ignorant about the whole case.

agarawu23:
it seems you are ignorant about the whole case.

I know a lot more than you can imagine.

RTSC:

So if you want to divert attention, you just go to court?
Is that what they told you? Divert attention from what, BTW?

Besides, where do you come from and which university or polytechnic did you attend?

Far beyond university and polytechnic actually!