resurgentxtian4:
OP, I am taken aback by your conspiracy theory oo. The fact is that if the igbos really want to leave, not even the most vindictive northern bigot: Buhari can stop you. Igbos should remove the notion that others are against them from their minds to be able to progress in this country.

The innoson saga is a purely loan dispute. I have little experience in the debt recovery industry and I can tell you for free that these banks can kill you if you take a loan from them with legal mortgage on your pricey properties as collateral. They can go to any length to see that they cheat and charge spurious commissions on your account. This is what happened in the innoson case and not that the FG targeted him. If the FG wants innoson down, it does take it more than few months to cripple its operations via debilitating and stifling policies and tariffs.

About Biafra, most people actually want Biafra to come through but the elites on all sides are blocking the path of your Biafran dream. The average Hausa or Yoruba man wants the success of the agitation to be rid of the igbos (might be hate, I dunno) but this innoson conspiracy theory of the Op is horsesh!t in my personal opinion.

Igbos don’t want to leave Nigeria. You only use that line to blackmail the country. When igbos are serious about leaving, you can be sure that millions of Nigerians will help the igbos in their quest out of spite for the northern muslims who have destroyed the country. For now however, igbos only pay lip action to the biafran struggle.

Am not going to comment on the op. However on the bolded, this is not true. Igbos fought a war that killed millions to leave Nigeria.... millions of Nigerians were no where to be found to help the struggle. Infact millions of Nigerians ensured it never happened.
Recently again many lost their lives in the current struggle and no help came anywhere.
Pls wat would igbos do to sure they are serious? And in wat form would the millions of nigerians u talked about help the struggle that they cant do now?

Innosson is not indebted to GTB rather the bank is indebted to him for fraudulently withdrawing unauthorised sums from his account. They suddenly were unable to pay back the sum at their prevailing interest rate of 22% hence the court judgments at both high and appeal courts in favour of Innosson. Does this require the gestapo intervention of the EFCC and Police? How come they have been unable to state their cogent reasons for arresting and embarrassing him in such a manner?

Was he enmeshed in any fraud or economic crime? Do u know d implication of this madness both for him as a private business man in the international community and for Nigeria generally? EFCC is an agent of the FG and the position of the current government towards the 5% has never been in doubt as the President himself confirmed it. I see no reason for this madness other than to hound yet another Igbo man out of business.

His innovative business ought to be covered, protected and promoted by the FG but because he's an Igbo man he's left to suffer from dollar scarcity and having to obtain loans from the unfriendly commercial banks knowing their cutthroat interest rates which he paid in full and yet they kept stealing from him.

Is the EFCC supposed to feature in a loan dispute as u called it? Since when especially when the parties are in court now st the Supreme Court? Why was Innosson arrested and not the members of the GTB Board who are your kinsmen Mr Alcatraz005?

If u are so sure that no one wants to stop Biafra why were so many Igbos killed during the war? Why did the Army attack Abia in the name of snake dance? Why is keeping Nigeria one a task that must be done according to the President? Why is a demand for a referendum equated to a call for war?

resurgentxtian4:
OP, I am taken aback by your conspiracy theory oo. The fact is that if the igbos really want to leave, not even the most vindictive northern bigot: Buhari can stop you. Igbos should remove the notion that others are against them from their minds to be able to progress in this country.

The innoson saga is a purely loan dispute. I have little experience in the debt recovery industry and I can tell you for free that these banks can kill you if you take a loan from them with legal mortgage on your pricey properties as collateral. They can go to any length to see that they cheat and charge spurious commissions on your account. This is what happened in the innoson case and not that the FG targeted him. If the FG wants innoson down, it does take it more than few months to cripple its operations via debilitating and stifling policies and tariffs.

About Biafra, most people actually want Biafra to come through but the elites on all sides are blocking the path of your Biafran dream. The average Hausa or Yoruba man wants the success of the agitation to be rid of the igbos (might be hate, I dunno) but this innoson conspiracy theory of the Op is horsesh!t in my personal opinion.

Igbos don’t want to leave Nigeria. You only use that line to blackmail the country. When igbos are serious about leaving, you can be sure that millions of Nigerians will help the igbos in their quest out of spite for the northern muslims who have destroyed the country. For now however, igbos only pay lip action to the biafran struggle.

This is an un verified news and the reason gave looks shallow even if it is politics related.

GoroTango:
All we know is that the EFCC believes this man has a criminal case to answer to. Now that doesn't necessarily make him guilty, but is sure does make him suspect. The best way to determine his innocence or otherwise is to let the courts decide in the matter. The govt should not be blackmailed by any ethno- religious sentiment

Has EFCC given a reason for his arrest? The law requires that upon arrest, the 'susoect' must be clearly informed of the alleged offence in a language he understands. Has that been done? Suddenly, their belief that he has a criminal case to answer to is enough abi? Continue o! Don't call evil what it is u hear?
The government ought to rise above ethno-religious sentiments but it keeps going after Christians and Southerners, why?

tsdarkside:
innoson should be careful...you never win against a bank.....they lend you money to acquire things....this things still belong to the bank untill you pay off what you borrowed from them....and why are you resisting arrest....?

if you did nothing wrong,you dont have to resist arrest......innoson fvcked this matter up,not the bank....

i was already planning to get a franschise from innoson....but now,forget it....they are not serious.....

My friend shush! The loan has long been repaid and it is the bank that couldn't resist the thieving urge to stop fraudulent withdrawals. Fückĕd which matter up? Was he invited and he didn't honour same?
In this time of heightened insecurity u want him to throw his gate open and step into the arms of armed government thugs without identification and notice of whom they are?

Well done.

IGBOS DON SUFFER 4NAIJA

[OPINION: Innoson EFCC Arrest and the GTB Loan: The Facts Behind the Saga...

T hough the Innoson vs GTBank case is pending in court, Innoson has taken the battle to social media. There have been numerous sponsored social media campaigns against the Bank such as #BewareOfGTBank and #WhatIsWrongWithGTBank.
The company has also gone Television, with its owner, Dr Innocent Chukwuma granting an interview to TVC, where he claimed he had obtained a judgement of N8bn against the bank. He added that the bank pleaded with him over their inability to pay, and that he graciously offered to accept shares of the bank as payment.
GTBank on their part has chosen to remain silent on the matter, perhaps trusting in the integrity of the legal system as against playing to the gallery. Many attempts by us to get the bank’s representatives to comment on the story has proven abortive.
A staff of the bank who spoke under anonymity, stated “Irrespective of the issues we are facing with the company, Innoson remains a customer of the bank and we owe him a duty of confidentiality and to conduct ourselves in a responsible manner towards him”.
This statement didn’t stop us from conducting our own investigations on the matter, and below are our findings, put in bullet points for your optimum understanding.
The obvious:
Innoson is, and still remains, a customer of GTBank.
What we discovered:
1. GTBank (in 2009) granted Innoson several credit facilities (i.e loans) totalling N2,400,000,000,00 (two billion, four hundred million Naira only), to part finance working capital requirements, import new motorcycles and motorcycle spare parts, agricultural spare parts and plastic manufacturing equipment (“Imported Goods”).
2. Under the loan terms agreed by Dr. Innocent Chukwuma on behalf of Innoson, proprietary interest in the Imported Goods was consigned exclusively in favour of the Bank. This means that the Bank was the exclusive owner of the Imported Goods. Accordingly, the original shipping documents (i.e. the Bills of Lading) were in the custody of the Bank, and have remained in the custody of the Bank at all times.
3. Because GTBank was the exclusive owner of the imported goods, ownership of the goods could only be transferred to Innoson (or any other third party) by the Bank. The condition in the agreement between the Bank and Innoson, for the release of the Imported Goods by the Bank to Innoson, was the payment of 25% of the value of each Letter of Credit transaction by Innoson.
What we learnt:
1. Innocent Chukwuma approached the Bank, on behalf of Innoson, requesting the release of the shipping documents without payment of the agreed+ 25% equity. The Bank declined his request as a result of Innoson’s failure to meet the agreed conditions.
2. It came to the Bank’s knowledge sometime in June, 2011 that the Imported Goods for which the Bank declined to release shipping documents to Innoson in view of its failure to meet the agreed conditions, had been fraudulently procured by Innoson.
3. The Bank discovered that Innoson, under the control of Dr. Innocent Chukwuma had forged the Bank’s endorsement on the bills of lading to the Shipping Line and fraudulently cleared the Imported Goods which were in the name of the Bank. The Imported Goods, being property of the Bank should not have been cleared from the Port without the original shipping documents being endorsed by the Bank in favour of Innoson, or any third party.
4. The signatures of 4 (four) staff of the Bank, to wit, Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, as well as the Bank’s stamp were forged on all the shipping documents used by Innoson to fraudulently clear goods at the port. The Bank did not at any time endorse or transfer the shipping documents to Innoson, as the originals of each of the relevant Bill of Lading remain in the Bank’s custody to this very day.
5. When the Bank reported the matter to the Nigeria Police, Dr. Innocent Chukwuma claimed the Bank released the shipping documents to him. Consequently, the Police commenced investigation into the Bank’s complaint, including a forensic examination of the disputed signatures, and established that the signatures of the Bank’s staff were forged, and the Imported Goods were fraudulently cleared from the Nigerian Ports Authority by Dr. Innocent Chukwuma and his accomplices.

What we heard from the Police:
1. Police investigations confirmed that Innoson and Dr. Innocent Chukwuma deliberately set out to defraud, steal from the Bank and convert the Imported Goods belonging to the Bank by deceptive means and through forgery and misrepresentation. The unlawful takeover of the Imported Goods, which served as the Bank’s collateral, left an indebtedness in excess of the sum of N1,654,481,895.04 (one billion, six hundred and fifty four million, four hundred and eighty one thousand, eight hundred and ninety five Naira, four Kobo) as at September 26, 2012.
2. Chief Innocent Chukwuma was arrested and interrogated by operatives of the EFCC, following which he agreed to make monthly payments into Innoson’s account until the full liquidation of Innoson’s indebtedness to the Bank. However, Innoson defaulted in making the agreed payments. Investigations by the Nigeria Police following a petition by the Bank in September 2013 also found Innoson and Chief Innocent Chukwuma culpable of the criminal allegations levied against them by the Bank, and Chief Innocent Chukwuma was accordingly charged to court by the Police.
3. The Police filed Charge No. FHC/L/565C/2015-Inspector General Of Police And Innoson Nigeria Limited; Innocent Chukwuma;Charles Chukwuma;Maximian Chukwura; Mitsui Osk Lines; Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to November 21, 2017 for arraignment/or hearing of motion for issuance of Bench Warrant.
What Innoson did:
1. Innoson approached the Bank for a reconciliation of his account and pleaded for a debt forgiveness. A reconciliation was carried out on the account – which had a debit balance of N1,654,481,895.04 as at December 31, 2011. In the spirit of amicable resolution and EFCC intervention, the Bank said it agreed to forego the sum of N559,374,072.09 which represented default charges that has accrued on the account and debited in line with the loan agreement between the customer and the Bank.
2. Based on this, the Bank decided to accept from the customer, the sum of N1,095,107,822.95 as full and final payment of the customer’s indebtedness to the Bank, provided that same shall be fully paid not later than (30) days from the date of the letter written to him
3. Surprisingly, Innoson commenced suit no:FHC/AWK/CS/2012 against the Bank at the Federal High Court, Awka stating the bank had debited its account with excess charges totalling N559,374,072.09 and obtained judgement in excess of N4.7Billion against the Bank. Again choosing to dishonour an agreement that was amicable reached between him and the Bank for a full and final settlement of N1,095,107,822.95 wherein the Bank graciously forgave him the sum of N559,374,072.09 which accrued on his account during the period which he abandoned his account.
4. To further stall the criminal proceedings against him, Chief Innocent Chukwuma and his company instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against The Inspector General of Police, The Nigeria Police Force and Investigating Officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against Innoson and Chief Innocent Chukwuma.
Furthermore, in a bid to stall the Bank’s recovery steps, and distract the Bank from focusing on the criminal action, as well as civil actions filed for recovery of the debt, Chief Innocent Chukwuma and his company Innoson, have continued to institute various spurious suits before various courts, claiming frivolous and outrageous sums against the Bank.
What GTBank is not saying:
1. In responding to Innoson’s motion for a stay of criminal proceedings at the Court of Appeal, the Honourable Justice J.S Ikyegh on September 17,2017 dismissed the motion for being unmeritorious and ordered that proceeding in the criminal case against Innson should proceed.
2. On October 12, 2017, the Police through its Charge No. FHC/L/565C/2015- filed an application for the issuance of bench warrant against Innocent Chukwuma; Charles Chukwuma and Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to Decemeber 8, 2017 for arraignment/or hearing of motion.
What we think:
Innoson should stop trying to play the underdog and simply resolve his issues through legal means or arbitration. On Innoson playing the Igbo tribe card, this is not in good taste in this moment in history. We are aware of GTBank’s strong position on unpaid debts. We know GTBank has gone often several debtors of the bank irrespective of who they are or where they come from. So why is Innoson’s matter now tribal? Please, this makes no sense. Innoson and GTBank, resolve your issues privately and let us all hear word.
Merry Christmas my people
James Osaremen
Lagos. author=QueenSekxy post=63461149]#Revealed

Many of you would not know why Innoson is persecuted under the smokescreen of GTB nonsense. He was asked to relocate his automobile production plant to Lagos, he refused and insists to adhere to Ojukwu's counsel to Nnewi sons "not to move their investments outside Nnewi".

Later on, Nigeria Air force lured him with the contract of refurbishing their aging aircrafts and requested he executed that contract in Kaduna by moving down his Igbo engineers and sections of his company down to Kaduna, he refused. Later on, Air force haven seen the necessity of bringing down their dilapidated aircrafts down to Nnewi, were forced to do so as western countries could not help in the refurbishment. Innoson beyond Nigeria Government's expectations, gave the previously written off aircrafts, a new lives.

Being afraid of what is happening in Eastern Nigeria and the glamorous tech ongoing in Innoson, FG under Buhari decided to punish Innoson for his refusal to relocate to Lagos or Kaduna where his company will be sensor properly. The first punishment was series of seizure of his raw materials in wharf by the custom despite import waiver given to him by the Good luck led government.

Secondly, the 30% policy of buying IVM products by Nigeria government and her agencies by Jonathan Government was cancelled by Buhari. They had accused him of importing arms before just to crush him as they did to Ibeto, but to no avail. Buhari believes Innoson can manufacture arms for Biafrans to fight Nigeria. If he could refurbished war gunships, he could manufacture arms and armoured personnel carriers for Biafrans.

GTB BANK is just a smokescreen, they want to kill him for refusing their order!
#Free_Innoson[/quote]

When Erastus Akingbola's bank (Intercontinental bank) was brought down and swallowed by a smaller bank I did not hear Yorubas shouting victimization neither did I hear Cecilia's shouting conspiracy against minorities. But the Igbos.... I don't know what to say.

Let's hear What Atiku will say about this.

imhotep:

I recall how Ibeto cement factory was frustrated because of useless tribal sentiments.

.....it is crystal clear that is political. EFCC lacks merit to intervene.... but they came in because of the sentiments the dude is using to pilot the affairs of this so called nigeria. But the question is that how log will he continue prosecuting people that God has blessed?

QueenSekxy:

you are good at spewing trash#are you having a nightmare on Igbo issues??

Markfemi2 may have been rejected by an Igbo girl in the past

imhotep:

Markfemi2 may have been rejected by an Igbo girl in the past

How those Igbo girl relate to this issue

imhotep:
Markfemi2 may have been rejected by an Igbo girl in the past

haha,,his own zombiesm is incurable

Markfemi2:



How those Igbo girl relate to this issue

You know you are pained because of rejection by Igbo girls.
Hence your everlasting Igbo-phobia.
We know your type

QueenSekxy:

haha,,his own zombiesm is incurable

Trust your erosion brain to try change topic loooool

Markfemi2:

Trust your erosion brain to try change topic loooool

zombie howfar

[/color][/font]May Gid Almigthy grant all of uba sense!!!
Why are u turning this into tribal bullshit.
I pray once again all of you receive sense in Jesus name.[color=#990000][font=Lucida Sans Unicode][size=8pt][/size]

.

Hanseel1:


Madam why are you trolling me? what's up again?
Preshy why are you trolling me? which kind wahala be this one

.

Hanseel1:

What's wrong with you? why are you trolling me?
Haven't we settled this?

correcting you isn't trolling.

QueenSekxy:

correcting you isn't trolling.

Your correction isn't needed. Once in a time you'll feel the need to just login on nairaland and start insulting people, I honestly don't know what's wrong with you.

You'll just enter someone's thread and start insulting.

resurgentxtian4:


Imhotep. Anybody that deals with you will eventually be frustrated because you say things that annoy and are impossible: like a Yoruba having igbo landlord in Lagos and other funny stuff. It was when I was using my Alcatraz handle I used to take your jokes seriously, not anymore.

So u be alcatraz......noted.

resurgentxtian4:


God forbid! It can’t happen. That man has tried to even be in business in this sh!tty country. I am really shocked that the dispute could reach the extent of EFCC seizing him. That man is an icon in this country and doesn’t deserve shabby treatment by Gtbank. I trust everything will be settled and everyone goes home happy. We shouldn’t allow the episode develop into a tribal spat. We (south) don’t need that at this point in time when the north has upped its ante on the Islamization drive. We must stay focused and committed to the treacherous journey of ensuring Nigeria accommodates all prior to its Balkanization.

I don't understand, throw more light coz the battle to close down INNOSON is on top gear spearheaded by Segun Agbaje.

All these people shouting, "close your account with gtb" are too dumb and can not think well before making conclusions. Between gtb and innocent, who employs more Nigerians and more Igbos? If everyone in the east closes his account, the branches in the east will be shut down and will only affect other branches but won't lead to their being closed down. It is still the Igbos that will lose their jobs. And again go to gtbank branches in the east today and tomorrow, you will be amazed at the number of walk-in customers ( walk-in customers are the ones that willingly decide and come by themselves to the banks to open account without being marketed) that come to open accounts on daily basis. One of the challenges that gtb has is in its management of new accounts because numerous customers coming same day to open account.

This is why they are the first to Start USSD banking *737#

Another thread by a non-thinking tribal bigot aka Low IQ thread. Waste of 5 minutes of my life

Ovamboland:



What do you expect from people scammed to buy useless traveling passport that can't take you to Cotonou?

QueenSekxy:
#Revealed

Many of you would not know why Innoson is persecuted under the smokescreen of GTB nonsense. He was asked to relocate his automobile production plant to Lagos, he refused and insists to adhere to Ojukwu's counsel to Nnewi sons "not to move their investments outside Nnewi".

Later on, Nigeria Air force lured him with the contract of refurbishing their aging aircrafts and requested he executed that contract in Kaduna by moving down his Igbo engineers and sections of his company down to Kaduna, he refused. Later on, Air force haven seen the necessity of bringing down their dilapidated aircrafts down to Nnewi, were forced to do so as western countries could not help in the refurbishment. Innoson beyond Nigeria Government's expectations, gave the previously written off aircrafts, a new lives.

Being afraid of what is happening in Eastern Nigeria and the glamorous tech ongoing in Innoson, FG under Buhari decided to punish Innoson for his refusal to relocate to Lagos or Kaduna where his company will be sensor properly. The first punishment was series of seizure of his raw materials in wharf by the custom despite import waiver given to him by the Good luck led government.

Secondly, the 30% policy of buying IVM products by Nigeria government and her agencies by Jonathan Government was cancelled by Buhari. They had accused him of importing arms before just to crush him as they did to Ibeto, but to no avail. Buhari believes Innoson can manufacture arms for Biafrans to fight Nigeria. If he could refurbished war gunships, he could manufacture arms and armoured personnel carriers for Biafrans.

GTB BANK is just a smokescreen, they want to kill him for refusing their order!
#Free_Innoson

Ladies and gentlemen, this buffoonery is the reason Nigeria will NEVER progress.

cc lzaa onyeoga pointzerom gmbuharii greenback roger3d

immhotep:

Ladies and gentlemen, this buffoonery is the reason Nigeria will NEVER progress.

cc lzaa onyeoga pointzerom gmbuharii greenback roger3d

Nigger area is a lost cause imo
As the north has rejected restructuring that would have saved the union(it's not a country or nation,it's a UNION of convinience whose time is going short) there is no way progress can be made
Sir chinua was right after all
What a pity

OHOnairaland:
All these people shouting, "close your account with gtb" are too dumb and can not think well before making conclusions. Between gtb and innocent, who employs more Nigerians and more Igbos? If everyone in the east closes his account, the branches in the east will be shut down and will only affect other branches but won't lead to their being closed down. It is still the Igbos that will lose their jobs. And again go to gtbank branches in the east today and tomorrow, you will be amazed at the number of walk-in customers ( walk-in customers are the ones that willingly decide and come by themselves to the banks to open account without being marketed) that come to open accounts on daily basis. One of the challenges that gtb has is in its management of new accounts because numerous customers coming same day to open account.

This is why they are the first to Start USSD banking *737#

Lols
Do u know how many igbo businessmen have huge accounts there?(minus zenith or uba oh )
They will just port their money to other banks
Do u really think dangote,sanusi and other govt theives or alakija or tinubu aside,most yoruba or hausa ppl have more liquid cash than igbos? (those ones have the bulk of their monies in foreign banks)
Ussd banking kai nigger area eh
That's how they were hailing obj for gsm that was global in the late 80's to 90's but greed and fear of coups stopped it from reaching hia
Igbos lose?guy join comedy central
Cc immhotep pointzerom gmbuharii justiceleague1

LZAA:

Nigger area is a lost cause imo
As the north has rejected restructuring that would have saved the union(it's not a country or nation,it's a UNION of convinience whose time is going short) there is no way progress can be made
Sir chinua was right after all
What a pity

sai babarianism

cc lzaa onyeoga pointzerom gmbuharii greenback roger3d