RoddyMan:
Innoson can never take over the running of the bank.

All Plc's are required to make provision for judgement debt in their books in the event that a court decision is awarded against them on active litigations.

For a bank that declared over N200bn in profit in 2020, one would expect a senior lawyer who has done minimal research to make smarter utterances.

Cantonese:
Ha.

This is of great concern and also a lesson to all. Someone lends you money to do business and that same lender turns around to owe you, within the same transaction.

GTBank the lender in this case turned around to owe Innoson and now on the edge of losing their bank to the same organization they loaned money to import goods many years ago.

I think officials of GTbank mismanaged this issue completely. Even with the aid of EFCC, they lost. If this matter is resolved amicably, the board MUST be sacked.

One thought also strikes my mind knowing the Nigeria where we are. Is it not possible that there is a connivance somewhere to secure victory for Innoson and then the players concerned go behind the back to get their cut of a fallen GTbank?

complexBoss12:
very useless bank, with worse online transaction experience I have had. if you send money, they will charge you, if you receive money, they will charge you, if you don't do any transactions at all, they will charge.

ShoeShineGuy:
I stopped banking with them long time ago. They kept deducting what was left until shame nor gree them notify me again. Maybe they're waiting for me to put money again so that they can remove at once all they've not being able to.

All I have there now is less than 1k and in case they liquidate, I don dash them that balance as a good Nigerian wey I be.

RoddyMan:
Innoson can never take over the running of the bank.

All Plc's are required to make provision for judgement debt in their books in the event that a court decision is awarded against them on active litigations.

For a bank that declared over N200bn in profit in 2020, one would expect a senior lawyer who has done minimal research to make smarter utterances.

FarahAideed:
GT has already changed it's name and holding structure in anticipation of cheating Innoson

Cantonese:
Ha.

This is of great concern and also a lesson to all. Someone lends you money to do business and that same lender turns around to owe you, within the same transaction.

GTBank the lender in this case turned around to owe Innoson and now on the edge of losing their bank to the same organization they loaned money to import goods many years ago.

I think officials of GTbank mismanaged this issue completely. Even with the aid of EFCC, they lost. If this matter is resolved amicably, the board MUST be sacked.

One thought also strikes my mind knowing the Nigeria where we are. Is it not possible that there is a connivance somewhere to secure victory for Innoson and then the players concerned go behind the back to get their cut of a fallen GTbank?

ShoeShineGuy:
I stopped banking with them long time ago. They kept deducting what was left until shame nor gree them notify me again. Maybe they're waiting for me to put money again so that they can remove at once all they've not being able to.

All I have there now is less than 1k and in case they liquidate, I don dash them that balance as a good Nigerian wey I be.

slimghost:


Delete this please. Even a toddler wouldn’t type this and click send.

Terrier99:


Gtb has become Gtco. Assets have been sold to Gtco. Innoson can only take over Gtb and not Gtco.

As at today, Gtb has nothing and innoson is left looking foolish. Illiteracy is a big disease.

FarahAideed:


Gerrat .Noth deleting the fact the GTCO and GT are separate legal entities should tell you what's up...we have seen Oando do this to people it owes twice , I have seen another company do it to Pat Utomi ..this is Nigeria where people can get away with anything .

Cantonese:
Ha.

This is of great concern and also a lesson to all. Someone lends you money to do business and that same lender turns around to owe you, within the same transaction.

GTBank the lender in this case turned around to owe Innoson and now on the edge of losing their bank to the same organization they loaned money to import goods many years ago.

I think officials of GTbank mismanaged this issue completely. Even with the aid of EFCC, they lost. If this matter is resolved amicably, the board MUST be sacked.

One thought also strikes my mind knowing the Nigeria where we are. Is it not possible that there is a connivance somewhere to secure victory for Innoson and then the players concerned go behind the back to get their cut of a fallen GTbank?

RoddyMan:
Innoson can never take over the running of the bank.

All Plc's are required to make provision for judgement debt in their books in the event that a court decision is awarded against them on active litigations.

For a bank that declared over N200bn in profit in 2020, one would expect a senior lawyer who has done minimal research to make smarter utterances.

complexBoss12:
very useless bank, with worse online transaction experience I have had. if you send money, they will charge you, if you receive money, they will charge you, if you don't do any transactions at all, they will charge.

mrvitalis:

And you think that has an effect ? LMAO go school una no gree

Lunex:
What has tribe got to do with this?
I don't understand, so banks should feel free to defraud customers and they shouldn't complain or what?
Smh

izzy4shizzy:
This bank has lost its values, I remember when I first started banking with them, very excellent service, but now.

Total rubbish, would close my account very soon self

RoddyMan:
Innoson can never take over the running of the bank.

All Plc's are required to make provision for judgement debt in their books in the event that a court decision is awarded against them on active litigations.

For a bank that declared over N200bn in profit in 2020, one would expect a senior lawyer who has done minimal research to make smarter utterances.

Terrier99:


You want to ruin Gtb the way you ruined Diamond Bank. Foolish Igbos.
Igbos don't repay loans. That is why Igbos don't own banks. You cheat and think you are smart. Now, Innoson has seen how stupid he is and you are both foolish.

1 kobo, innoson won't get. Ntoooor

Nothingserious:
I used to think this was a joke ooo.
Why is the matter gaining momentum like this?

Please anyone who is well versed on this issue should tell us the true position of things.

GTB is one the systemically important banks in Nigeria.

mushystuff:


Whatever name it changes to will assume all assets and liabilities of GTB as it existed at the time the judgement debt was entered against it so it's of no moment what name the management decides to change to.

one4GOD:
how much....

DubaiLandLord1:
GTB don become GTco

Cantonese:
Ha.

This is of great concern and also a lesson to all. Someone lends you money to do business and that same lender turns around to owe you, within the same transaction.

GTBank the lender in this case turned around to owe Innoson and now on the edge of losing their bank to the same organization they loaned money to import goods many years ago.

I think officials of GTbank mismanaged this issue completely. Even with the aid of EFCC, they lost. If this matter is resolved amicably, the board MUST be sacked.

One thought also strikes my mind knowing the Nigeria where we are. Is it not possible that there is a connivance somewhere to secure victory for Innoson and then the players concerned go behind the back to get their cut of a fallen GTbank?

Terrier99:


Ngwakwe Aka Chukwudi419. You are notorious for your stupidity and inability to grasp legal issues. You always argue like a demented blockhead.

There was no change of name. Here is what happened.
A new legal entity called GTCO was incorporated at the Cac.
Gtbank sold all its assets to Gtco and collected pittance. It is not about the amount, but the symbolism. Offer, acceptance, consideration has passed. So, it's a valid contract.
It is not a mere change of name, it is not a merger or acquisition.
It is fools like you advising Innoson and that's why he is where he is.