hmmm

FG leave igbo people alone

Buhari is a failure

I didn't vote for Buhari in 2015 and will not vote for him in 2019. All I predicted about him based on my personal experience about him in 1984/85 are coming to pass.
The most annoying part is that he is shamelessly not hiding his biase and incompetence.

If you think like me, raise your hands up....

chivic:
Much as I also belief that there is great bias when it come to justice towards some section and the fact that the President has not hidden his hatred for a people that did not vote him.I feel that we should hear the whole gist from both parties

But if you are wrong forget sentiment face the music.Though the sincere argument will be that a lot of people that are wrong from some other regions arw shielded .This has made people to always suspect government even when their action is right

Tell APC to leave sentiment first.

CaptainJeffry:
Reactor Omokri, why not seek and get information on the issue before reacting.

If Innoson owes a bank, he has to pay them back or atleast agree to pay back after all the bank is doing its own business. You can't hold one down while getting up yourself.

I have an uncle who got a huge loan from one of the defunct banks and never paid back. An area manager of that bank was fired and later died of heart attack in the process.

I don't mix business with sentiments.

it's very clear that you don't know anything...

Pavarottii:
It surprises me wen some people from d east still support apc government. That 2 years has brought no single development dere rather than death, sorrowz tears , blood and brutality.

Oga, der is no development anywhere in this country... Most projects embarked on by the Jonathan's administration ve remained at the stage they are since buhari took office.... Buhari has bin using corruption fight to cover the brains of even the learned.... He is woeful

papascode:


Why haven't the federal government gone after Tinubu. You see why nnmadi kanu was angry?

The did but he escaped due to incompetence of the prosecution. The same way many cases are collapsing now due to incompetence. It must be noted that this incompetence of the investigative and prosecutions is a legacy of previous govts....not saying that this govt is clean.

Nobody is above the law. Some other rich men went there and were exonerated. He will too, if he's innocent as his name says.

It used to irritate me anytime i hear these two words-Buhari, APC.

thunderbabs:


Oga, der is no development anywhere in this country... Most projects embarked on by the Jonathan's administration ve remained at the stage they are since buhari took office.... Buhari has bin using corruption fight to cover the brains of even the learned.... He is woeful

Please, name the projects that Jonathan's administration started.

Just a concerned fellow.

CaptainJeffry:
Reactor Omokri, why not seek and get information on the issue before reacting.

If Innoson owes a bank, he has to pay them back or atleast agree to pay back after all the bank is doing its own business. You can't hold one down while getting up yourself.

I have an uncle who got a huge loan from one of the defunct banks and never paid back. An area manager of that bank was fired and later died of heart attack in the process.

I don't mix business with sentiments.

u must be one of those automated idiots on this forum or maybe u forgot ur brain where u slept last night,incase u don't know what happened read this b4 u foolishly quote me.....
Our attention has been drawn to media reports that the Nigeria Police had applied for a bench warrant to arrest the Founder and Chief Executive Officer of Innoson Motors, Chief Innocent Chukwuma, over unfounded allegations of forgery and loan infractions with GTBank.
Consequently, we’ve deemed it proper to respond and put the records straight.
To be clear, a bench warrant can only be applied for and, if the necessary conditions are met, be issued by a court in a pending charge. As it stands, there is no charge pending against Mr. Chukwuma, Innoson Motors, Charles Chukwu, Maximian Chukwura, Mistsui Osk Lines and Anajekwu Sunny.
The police got involved in the ongoing legal dispute between Innoson Group and GTBank on December 21, 2015, when the Inspector General of Police initiated a lawsuit, charge number: FHC/L/565C/2015, against Mr. Chukwuma and five others based on frivolous complaints by GTBank.
But on February 17, 2016, the police withdrew the charges, saying they needed to properly investigate the bank’s complaints first and see if they had merits.
Since the police have withdrawn their charges, it is then wrong for the same police to seek arrest warrant against Mr. Chukwuma on the claims that he was evading court proceedings.
A prosecutor at the Office of Attorney-General told the court that the police filed charges against Innoson Group executives in December 2015 but he didn’t inform the court that the same police had withdrawn the matter weeks later.
This was a perhaps an attempt by the Ministry of Justice official to mislead the court because the presiding judge, Ayotunde Faji, had only recently took over the matter.
The failure by the police to carefully investigate complaints before taking Innoson Motors and its executives to court and the involvement of the AGF’s office were amongst the numerous tactics which GTBank had deployed to avoid paying its debt to Innoson Motors.
THE GENESIS OF THE WITHDRAWN ALLEGATIONS; SETTING THE RECORD STRAIGHT.
At all material time, Innoson Nigeria Ltd. was a customer of Guaranty Trust Bank Plc. Sometime in 2012, Innoson discovered that GTBank had arbitrarily imposed and debited its current account to the tune of N700 million in excessive and unlawful charges.
Despite a series of complaints and demand for reversal of the illegal charges, a defiant GTBank refused to refund the N700 million to Innoson.
Consequently, Innoson sued GTBank before the Federal High Court in Awka, Anambra State.
Delivering judgement in suit number: FHC/AWK/CS/139/2012, the FHC awarded N4.7 billion to Innoson Motors against GTBank. The court also ordered GTBank to pay 22 percent interest on the judgment debt until all the payment had been made to Innoson.
GTBank challenged the judgement at the Court of Appeal, Enugu Division. The appeal number is: CA/E/288/2013.
However, on December 9, 2014, the Court of Appeal upheld the judgement of the FHC and ordered GTBank to pay its debt to Innoson into an interest-yielding account operated by the court. By then, the debt had accumulated to over N6 billion.
Similarly, the Federal High Court, Ibadan Division, in a garnishee order absolute made on July 29, 2011, ordered GTBank to pay N2.4 billion to Innoson. The case number is: FHC/L/CS/603/2006.
Also, the Court of Appeal, Ibadan Division, in its judgment of February 6, 2014 affirmed the decision of the FHC and ordered GTBank to pay N2.4 billion. The appeal number is: CA/I/258/2011.
Based on the numerous judicial pronouncements to the appellate levels, GTBank was indebted to Innoson Motors up to N8.5 billion as at 2013/2014.
In its various affidavits, particularly at the Court of Appeal in suit number: CA/E/288/2013, GTBank deposed that if it pays the outstanding judgment debt of N6 billion, much less the N8.5 billion, it could go bankrupt and be out of business.
Consequently, in order to save itself from paying the outstanding judgment debts to Innoson, the bank filed a petition which led to the suit No: FHC/L/565C/2015 – which was properly and competently withdrawn by the police on February 17, 2016 as stated above.
ON THE ALLEGATION OF FALSIFICATION OF SHIPPING DOCUMENTS TO OBTAIN A N2.4 BILLION LOAN FROM GTBANK.
GTBank did not at any time grant any loan of N2.4 billion to Innoson. And there was no such thing as Innoson obtaining any loan from GTB with shipping documents.
Innoson obtained, and had repaid same, a loan of N1.3 billion from GTB which was secured with a legal mortgage of its properties valued at more than N1.4 billion.
Please note that shipping documents, vide: bills of lading, are issued when goods covered by them are already loaded onto the conveying vessel.
It is highly unlikely that any manufacturer would release its goods for shipment unless it had been paid or its payment had been guaranteed.
In this circumstance, is GTBank saying that Innoson used bills of lading to obtain loan from it but it didn’t investigate the genuineness of the documents before granting the loan? This, surely, should not be an attribute of a seasoned financial institution; except that of an unethical and a careless bank.
Secondly, it also means that for Innoson to have the bills of lading, the goods were already paid for or their payment guaranteed and, as such, the company did not need any loan from GTBank in that regard.
This alone disproves GTBank’s claim that a loan was obtained with dubious shipping documents – bills of lading.
Moreso, GTBank paid the duties for all the goods Innoson imported with the facility it granted to it before Innoson cleared the goods covered using the bills of lading.
As at the time of payment of the duties, GTBank knew or ought to know that the goods covered by the bills of lading and its facility were to be cleared.
Also, after clearing the goods Innoson returned to GTBank the relevant exchange rate documents for onward transmission to Central Bank of Nigeria, and accordingly GTBank transmitted the paperwork to the CBN.
Innoson didn’t do anything hidden, fraudulent or criminal in all its dealings with GTBank.
The bank is only looking for means to blackmail, hoodwink and force Innoson to forego its monetary judgment, which now stands at estimated N10 billion.
GTBank’s desperate schemes in this regard know no limit.
Recently, in a ploy to get the Supreme Court of Nigeria to set aside the N2.4 billion judgment debt against it, it alleged, through a motion in suit number: SC/694/2014, that the Court of Appeal judgement in Ibadan (CA/I/258/2011) was procured by suspicious means. But the Supreme Court in its wisdom, and rightly, dismissed that unfounded and exasperating claim in May 2017.
As a result, Innoson commenced a N400 billion suit against GTBank, in Suit No: FCT/HC/CV/2448/2017, at the High Court of the Federal Capital Territory, Abuja.
Also pending before the Court of Appeal is an appeal on whether there is any charge at the Federal High Court, given the police withdrawal of the charge.
Even though the motion for a stay of proceedings was dismissed by the Court of Appeal while the substantive appeal is still ongoing, Innoson has appealed against that decision to the Supreme Court of Nigeria in suit number: SC:839/2017.
The Office of the Attorney-General is proceeding with the case even after the police have withdrawn their charges because they had not concluded investigation.
At the Supreme Court, Innoson filed motions to quash the directive of the Court of Appeal which had erroneously ruled that proceedings should continue despite police having withdrawn from the case at the High Court.
Innoson has served the Federal High Court notices of the motions pending at the Supreme Court.
Therefore, contrary to media reports, Justice Faji did not adjourn on October 10, 2017 to November 21, 2017 for hearing of the application for issuance of bench warrant.
Rather, the judge requested time to study ruling of the Court of Appeal and to hear Innoson’s and others’ preliminary objections.
There was no pending application for issuance of bench warrant against Innoson Group executives before Honourable Justice Faji on October 10, 2017.
Cornel Osigwe
Head of Corporate Communications
Innoson Group

God pls bring 5his buhari term to an end quickly


The tribal bigotry is just too much.

Sibigam1:


Please, name the projects that Jonathan's administration started.

Just a concerned fellow.

I stay in Abuja and there are lots of abandoned road projects..... Lots of Dem scattered everywhere and still untouched... Only telling you d ones I know and I see.... Some are near completion, some are still far frm completion....since jona left offx till date. Even d rail project Jona did buhari came in and started feelin like he did it....

CaptainJeffry:
If what you said is true and verifiable, then I rest my case.
But why will the bank want to fight back after he won them in the court?

That is the intimidation and blackmail we are talking about.

Lot13:
It will soon be clear to Nigerians how he got the loan with take documents.

Assuming that is true, has he not paid back the loan. So what exactly is GTB's grouse?

BabaRamota1980:
This case is about insurance fraud, not bank debt.

EFCC will not arrest for bank loan.

See them, coming up with useless theories. A hopeless country.

thunderbabs:


I stay in Abuja and there are lots of abandoned road projects..... Lots of Dem scattered everywhere and still untouched... Only telling you d ones I know and I see.... Some are near completion, some are still far frm completion....since jona left offx till date. Even d rail project Jona did buhari came in and started feelin like he did it....

You said Abuja. Here in the south, even his own state, he didn't do anything.

Dhugal:

Innoson is not owing the bank,rather the bank is owing him,after several court cases and two Appeal Court judgements upholding his claims against GTB.
They're now trying to fraudulently frame him for forgery of documents with which he took the loans in the first place.Loans he'd already repaid and been overdeducted,which gave rise to the cases in the first place.

Well , we all know that in Nigeria , guilty people run to report to police first to avoid getting arrested .

The Efcc claimed they went to arrest him because he declined their invitation .

https://www.premiumtimesng.com/news/headlines/252972-‎why-arrested-innoson-motors-chief-innocent-chukwuma-efcc.html


But Innoson claimed he was never invited .


https://politicsngr.com/2017/12/20/never-
invited-efcc-innoson-demands-know-cause-arrest/


So who do we believe now ?


I am not going to form any opinión here until I know who is lying .

CaptainJeffry:
If what you said is true and verifiable, then I rest my case.
But why will the bank want to fight back after he won them in the court?

dey controversy here is dat de said bank is claiming dey dont hv anything to do with his arrest n they do not hv any such information about his arrest. there is so much controversy here. So who gave de order

Lot13:
It will soon be clear to Nigerians how he got the loan with take documents.

*Innoson group Vs GTBank : 30 Key Points you need to know about their dispute :*

*1* - At all Material time , Innoson Nigeria Ltd operates a Current Account with GTBank .


*2* - Innoson obtained , and had repaid same , a loan of N1.3billion from GTB Which was secured with a legal mortgage of its properties valued at more than N1.4billion .


*3* - Innoson discovered that GTBank imposed excess and unlawful charges in its Current account .


*4* Innoson Group Complained to GTBank on his discovery of access charges on his account .


*5* - Both parties ( Innoson and GTBank ) agreed to invite an independent auditing firm that will be agreed by both parties .


*6*- At the end , MULTI-WINGS Consulting Firm of Auditors was invited to properly audit Innoson Nigeria Ltd Current account No 0043753636 domiciled with Nnewi Branch of GTBank . The audit covers a period from March 2004 to Dec 2011 .


*7* - After the account was audited , it was discovered that GTBank has been illegally deducting excess bank charges on its overdraft facility to the Innoson to the tune of seven hundred and Eighty-Six Million, Two Hundred and Five Thousand , Nine Hundred and Fifty-Five Naira , Ninety Nine kobo ( N786,205,955.99).


*8* - GTBank was shocked at the audit report when the report was forwarded to it .They replied in their letter to Innoson on 20th January , 2012 that it will investigate the issue raised and will get back to Innoson on the Conclusion of its investigation .


*9* - In the month of September 2012 , GTBank wrote to Innoson that from their personal audit report , the excess bank charges was Five Hundred and Fifty-Nine Million , three Hundred and Seventy-Two naira ,Nine kobo ( N 559.3Million).


*10* - Innoson agreed to their version and decided to accept payment from it in the spirit of amicable resolution.


*11*- Innoson also requested that the said agreed amount of N559.3million be paid with a 22% interest rate because Innoson had been repaying all his loan with GTBank at 22% interest rate.


*12* - GTBank refused and said that the best they can repay excess and illegal deduction is at 7% interest rate . This led to another disagreement between Innoson and GTBank .


*13* - As a result , in 2012 , Innoson sued GTBank at Federal High Court Awka with Suit No : FHC/Awk/Cs/2012 .


*14* - Federal High Court, Awka delivered Judgement in favour of Innoson in excess of N4.7billion against GTBank.

Delivering Judgement in suit no : FHC /Awk/ CS / 139/2012 , the FHC awarded N4.7billion to Innoson Motors against GTBank .
*The court also ordered GTBank to pay 22 % (percent ) interest on the Judgement debt until all the payment had been made to Innoson .*


*15* - In 2013 , GTBank appealed against the judgement to the Court of Appeal, Enugu Division, appoxite appeal No: CA/E/288/2013 .


*16* - The Court of Appeal , Enugu in a Considered ruling ordered GTBank to pay the Judgement debt of N6billion Inclusive of the accrued interest and any interest that would subsequently accrue thereon into an interest yielding account in the Name of the Chief Registrar of the Court .


*17* - In its various affidavits, particularly at the Court of Appeal in suit no : CA/E/288/2013 , GTBank deposed that if it pays the outstanding Judgement debt of N6billion , much less the N8.5billion , it could go bankrupt and be out of business .


*18* - GTBank went to the Supreme Court .The case is still in the Supreme Court , while the Judgement debt is about N8billion now to be paid to Innoson by GTBank .



*Another Cases:*
IBADAN Cases : Innoson /GTBank/Nigerian Custom Service :


*19* - Nigerian Customs Service Auctioned Innoson goods .


*20* - Innoson challenged the action Nigerian Custom Service for auctioning its goods at Federal High Court , Ibadan .


*21* - On July 29 ,2011, In a Garnishee Order Absolute , the Federal High Court sitting in Ibadan ordered GTBank to Pay Innoson #2,048,737,443,67 (#2billion) from Nigerian Customs account in GTBank .


*22* - Rather than Comply with the Garnishee Order Absolute of the Court , GTBank on February 6, 2015 appealed the Judgement , but the Court of Appeal in Appeal no. CA/1/258/2011 affirmed the Judgement of the Federal High Court and ordered GTBank to pay the Judgement debt of #2,048,737,443.67 (#2.048billion) to Innoson .


*23* - GTBank , instead , appealed to the Supreme Court against the Court of Appeal's decision where GTBank claimed through a motion in suit no : Sc /694/2014, that the Court of Appeal Judgement in Ibadan (CA/I/258/2011) was procured by suspicious means .


*24* - On May 12, 2017 , Supreme Court in its wisdom and rightly , dismissed that unfounded and exasperating claim of GTB against Innoson .


*25* - As a result , Innoson commenced a N400 billion suit against GTBank , in the suit No: FCT /HC/CV/2448/2017 at the High Court of the Federal Capital Territory, Abuja .


*Another issues :*

*26* - Consequently , in order to save itself from paying the outstanding Judgement debts to Innoson , the GTBbank filed a petition against Innoson alleging forgery which led to the suit No : FHC /L/565C/2015 by Police .


*27* - On February 17, 2016 , Police properly and Competently withdraw the charges against Innoson , saying they needed to properly investigate the bank's complaints first and see if they had merits .



*28* - On September 1 , 2014 , GTBank secured an ex parte order on Innoson Nigeria Limited, dated September 1, 2014 with suit no FHC/L/CS/1119/2014 , filed before a Federal High Court in Lagos , between GTBank and Innoson Nigeria Limited , issued by *Justice Okon Abang* , ordering that , pending the hearing and the determination of the substantive suit , all Commercial Banks in Nigeria were restrained from accepting in any manner whatsoever to any mandate or instruction presented to them by Innoson Companies or any of its agents or nominees for withdrawal of any sum of money standing to the credit of any account maintained by the company in all the banks.



*29* - However , on June 10, 2015 , *Justice Saliu Saidu* of the Federal High Court , Lagos , in a Considered ruling set aside the ex parte order of September 1, 2014 , by Justice Okon Abang and the writ of summon as well .


*30* - Innoson then slammed a N30 billion suit on Guaranty Trust Bank for what it had suffered in monetary terms and reputational terms during the months when the accounts of its companies in all Nigerian banks were frozen.With Innoson winning both cases at the High Court and both cases at the Appeal Court, and GTB appealing, both cases are awaiting the verdict of the Supreme Court. Meanwhile the fresh N30 billion naira suit has just gone to the High Court to start its legal journey.

....

In all , Innoson has won two High Court cases and two Appeal Court cases all against GTBank .

Innoson as at today has Judgement debt over about N10billion based on 22% interest rate against GTBank .

*Questions for EFCC :*

*(i)* Now where is the EFCC coming from in all these ?

*(ii)* Does EFCC actually understand their duties here ?

*(iii)* Is EFCC by their action not sabotaging Nigerian economy ?

*(iv)* If EFCC should to arrest any of the parties , shouldn't GTBank who dubiously deducted Innoson money from his account and have debt of about N8billion to pay Innoson that they should arrest ?


Ikechukwu Emeka Onyia ©2017

For :Team *#FreeInnoson*


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What do you expect from EFCC? Because they operate on instruction.

Esomchi44:
Buhari is a failure

What Buhari got to do with it, bank n business man? Reason for once

CaptainJeffry:
Reactor Omokri, why not seek and get information on the issue before reacting.

If Innoson owes a bank, he has to pay them back or atleast agree to pay back after all the bank is doing its own business. You can't hold one down while getting up yourself.

I have an uncle who got a huge loan from one of the defunct banks and never paid back. An area manager of that bank was fired and later died of heart attack in the process.

I don't mix business with sentiments.

you should b d one to rather seek information. its on record that gtb excessively charged innoson and reversed some of the charges after several deliberation on it. the crux of the matter was DAT GTB connived with customs to dispose of innoson products at the port without his knowledge wen innoson came for his shipping docs the bank took him to court and the bank lost woefully, the court ordered the bank to provide the register of the bank where shipping docs collected by customers are registerd and funny enough the bank couldn't provide it claiming that the the register got burnt wen dia bank was burnt which to many and d court was a lame and funny reason with this the court awarded the case to innoson and asked the bank to pay him, the bank claimed it cannot and DAT if it pay innoson they the bank will collapse and the bank in a bit to prevent paying the man took innoson to another higher court, supreme court I believe and that's where the case is as at date.

leave reno alone and do ur findings and stop taking sides u cannot defend, we all knw hw banks tru spurious charges are killing businesses while declaring fat profits yearly. so jus shut up abeg

Hmmmm

ok

[b][/b]

Dhugal:

Because this is Nigeria where anything goes.
Where you can do,undo and redo,so far as you have friends in high places.

The first judgement debt from a Federal High Court in Ibadan is valued at 2.4b.The Court of Appeal upheld that,and the Supreme court threw out GTB's appeal on grounds that the case was won suspiciously.
The second,but more important one was adjudicated on by FHC,Awka awarding Innoson 4.5b against GTB,with 22% interest per month.The Court of Appeal also upheld that.Case is now at the Supreme Court.
Cumulatively, GTB is owing Innoson about #10b now,and they want to come for the man thru the backdoor
A report on the cases,from 2015:
https://www.vanguardngr.com/2015/06/innoson-slams-n30-billion-suit-on-gtbank/amp/
Also https://www.premiumtimesng.com/promoted/248936-innoson-vs-gtbank-no-application-issuance-bench-warrant-innocent-chukwuma.html
More links
http://innosonmotors.com/innoson-vs-gtb-priceless-lessons-young-upcoming-nigerian-entrepreneurs-part-2/
http://innosonmotors.com/innoson-vs-gtb-priceless-lessons-young-upcoming-nigerian-entrepreneurs-pt-1/

Thanks for the light. One the hunters will be hunted and there will be no place to hide. DarisGod

Wailers politicizing Corruption. RENO you are definitely Jobless, so get a Job

Dhugal:

Because this is Nigeria where anything goes.
Where you can do,undo and redo,so far as you have friends in high places.

The first judgement debt from a Federal High Court in Ibadan is valued at 2.4b.The Court of Appeal upheld that,and the Supreme court threw out GTB's appeal on grounds that the case was won suspiciously.
The second,but more important one was adjudicated on by FHC,Awka awarding Innoson 4.5b against GTB,with 22% interest per month.The Court of Appeal also upheld that.Case is now at the Supreme Court.
Cumulatively, GTB is owing Innoson about #10b now,and they want to come for the man thru the backdoor
A report on the cases,from 2015:
https://www.vanguardngr.com/2015/06/innoson-slams-n30-billion-suit-on-gtbank/amp/
Also https://www.premiumtimesng.com/promoted/248936-innoson-vs-gtbank-no-application-issuance-bench-warrant-innocent-chukwuma.html
More links
http://innosonmotors.com/innoson-vs-gtb-priceless-lessons-young-upcoming-nigerian-entrepreneurs-part-2/
http://innosonmotors.com/innoson-vs-gtb-priceless-lessons-young-upcoming-nigerian-entrepreneurs-pt-1/

You need to go and read a more comprehensive report on punch website and see the criminal called Innoson Motor for who he is

CaptainJeffry:
Reactor Omokri, why not seek and get information on the issue before reacting.

If Innoson owes a bank, he has to pay them back or atleast agree to pay back after all the bank is doing its own business. You can't hold one down while getting up yourself.

I have an uncle who got a huge loan from one of the defunct banks and never paid back. An area manager of that bank was fired and later died of heart attack in the process.

I don't mix business with sentiments.

You do not have the facts either. Innoson has gotten judgement severally against GTB up to the court of appeal. So the question now is not who owes who but how much GTB owes Innoson