kingphilip:

All information is extracted http://www.vanguardngr.com/2015/06/innoson-slams-n30-billion-suit-on-gtbank/

poiZon:
who owns gtb sef?
dont tell me na yellowbars o...........
enemies of progress.

lawanson44:


You have faulted yourself again. You previously said that "That case HAS NOT YET BEEN DETERMINED by the courts and then here you are showing us the part where GTB appealed and appealed again?

The two appeals have been OVERTURNED by both the Court of Appeal and the Supreme courts. Is the rejection of the appeal by the 2 courts NOT A DETERMINATION? What is left is for GTB to go ahead and pay as ordered by the court!

So there you are. You have finally proven that you did not smell the walls of any educational institution from Nusery to tertiary level.

Go and join your colleagues at Oshodi fly-over bridge who load Danfo with sticks and rods! Illiterate!!

Nigeria’s first indigenous automobile manufacturer, Innoson Motors Nigeria Limited, has slammed a N30 billion suit against Guarantee Trust Bank, GTB, as a result of damages the company suffered following an ex parte order of Martha Injunction, which GTB applied and obtained, freezing Innoson’s accounts in all the banks in Nigeria.

However, on June 10, Justice Saliu Saidu of the Federal High Court, Lagos, in a considered ruling set aside the ex parte order of September 1, 2014 and the writ of summons as well. The running legal battle between Innoson and GTB started when Innoson challenged the action of Nigerian Customs Service for auctioning its goods.

In a Garnishee Order Absolute, the court had ordered GTB to pay Innoson N2,048,737,443.67 from Customs account. Rather than comply with the Garnishee Order Absolute of the court, GTB on February 6, 2015 appealed the judgment, but the Court of Appeal in Appeal no. CA/1/258/2011 affirmed the judgment of the Federal High Court and ordered GTB to pay the judgment debt of N2,048,737,443.67 to Innoson.

GTB, instead, appealed to the Supreme Court against the Court of Appeal’s decision. In another suit, Innoson sued GTB for imposing excess and unlawful charges on the company’s account with the bank amounting to N559 million. The trial court gave a N4.7 billion judgment in favour of Innoson.

GTB subsequently appealed the judgment of the Awka High Court, but the Court of Appeal, Enugu Division, upheld the judgment and ordered GTB to pay the judgment debt, which stood at over N5.7 billion, into an interest-yielding account in the name of the Chief Regi-strar of the Court of Appeal. However, GTB has appealed to the Supreme Court.

Bluetooth2:


Ethnic sentiment will not let you to be objective. The second case was still pending at the Appeal before Innoson went to approach another high court in Enugu. Can't you read ?




If you don't know how the justice system works, just admit it and stop displaying your stupidity here. Let me break it for you since you lack simple comprehension.

In the first case, Innoson won at the Lagos high court, won at the court of appeal but still awaits the decision of the supreme court on same matter.

In the second case, Innoson won at the Awka high court, court of appeal and also awaiting the decision of the supreme court.

If the supreme court has not decided on the cases, why is Innoson suing Gtb for not paying despite the case still at the supreme court.

If you have a counter to what I wrote here, point it out from the original post and stop displaying your stupidity here.

DonCrust:


What is this one saying?

lawanson44:


I don't have time to waste with a crass goat like you! Ode

iamlol:
Really that is a very Aladdin Aladdin, Gtb Aladdined , that's why they are Aladdined

UnknownT:
30 billi gini? Make I do withdraw my little change there before dem go use am compensate Innoson

mcino:

Only fools commit the crime they condemn in the course if doing so. Why generalize? Why not call out the tribalists without their tribe being focused on. You are a resident bigot, hiding under this reprimand to vent perpetrate yours

kernel504:
That's serious

sainty2k3:

Tell me more about ur signature

premConcept:
And this is a typical example of how Nigeria always kill indigenous companies/ideas/businesses. why will you aunction off their products?

I'm one of those "Tiger-Claw faced monkeys" and this is not the way to go mr, we are all in this together.

Bluetooth2:


Ethnic sentiment will not let you to be objective. The second case was still pending at the Appeal before Innoson went to approach another high court in Enugu. Can't you read ?




If you don't know how the justice system works, just admit it and stop displaying your stupidity here. Let me break it for you since you lack simple comprehension.

In the first case, Innoson won at the Lagos high court, won at the court of appeal but still awaits the decision of the supreme court on same matter.

In the second case, Innoson won at the Awka high court, court of appeal and also awaiting the decision of the supreme court.

If the supreme court has not decided on the cases, why is Innoson suing Gtb for not paying despite the case still at the supreme court.

If you have a counter to what I wrote here, point it out from the original post and stop displaying your stupidity here.

owobokiri:
Just Negodu. .

In any event, this is an oppurtuinity to solve a big problem Mr Innoson. Team up with 2 or 3 of your Nnewi brethrens and start a mega bank. In Japan manufacturing conglomorates like yours are basicaly funded by their own well organised and capitalised banks. Mitsubushi and co. You can do it if you run it professionaly. .. The petty minded haters want to ruin you as usual. Adapt and reinforce, that's the igbo mans pain in Nigeria

ibkgab001:
Nigeria is a lawless country



Anyway ... Rules are made to be broken

premConcept:
And this is a typical example of how Nigeria always kill indigenous companies/ideas/businesses. why will you aunction off their products?

I'm one of those "Tiger-Claw faced monkeys" and this is not the way to go mr, we are all in this together.

mentorandfriend:
GTB is a disgrace to cooperate banking.

Hopeless country with s.tupid lawmakers that care only for what they can milk from our national treasury, such as trying to defend the cursed wardrobe allowance, but cant protect the budding indigenous entrepeneurs through passing of strong bills. No wonder Dangote is siting huge capital projects outside Nigeria.

Sha Sha Sha....Shame!

owobokiri:
Just Negodu. .

In any event, this is an oppurtuinity to solve a big problem Mr Innoson. Team up with 2 or 3 of your Nnewi brethrens and start a mega bank. In Japan manufacturing conglomorates like yours are basicaly funded by their own well organised and capitalised banks. Mitsubushi and co. You can do it if you run it professionaly. .. The petty minded haters want to ruin you as usual. Adapt and reinforce, that's the igbo mans pain in Nigeria

meccuno:
lolz.....so you deleted only the clawed faced monkey part and told the others to go and die ba.......that's cold dude....

spiralwedge:
[s]Judging by d comments here, I begin to believe Igbo people need serious deliverance from naivety, emotions, inferiority complex (always playing victims), bigotry, hatred, tribalism and primitive mentality.
I'm getting sick of these things already... Nigeria needs to move forward, but can't if we are still like this.
.
.
I read the op and I didn't see any tribe mentioned. All I saw was custom, innoson ltd, GTB, and courts. the original case is btwn innoson and customs.
.
.
do u know Dangote get sued everyweek?? And yet we don't see Hausa tribal champions parading stupidly like you Igbos are doing.
.
its really disgusting!
[/s]