Original Jibiti bank.

#CloseGTBank!!!

Very stupid, pale, colorless and humorously run entity.

The tribal tattoos are visible even in the walls of the bank.
And their banks are always smelling.

Sprumbabafather:
What I think?

GTB is afraid of losing this case against Innoson at the supreme court like they already did in three courts before.

So they resorted to self help by reporting an infraction to the EFCC so as to gain an advantage over Innoson.

GTB should have submitted their findings to the courts and tendered the said forged documents to the courts as additional evidence. The courts will then be in a position to either decide the case against Innoson and punish him according to the law.

The unlawful arrest of a businessman over a case pending in court is a bad idea that will hurt GTB going forward.

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. 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”. Below are a few bullet points gotten from the bank on the issue: The obvious: Innoson is, and still remains, a customer of GTBank. GTBank not behind Innocent Chukwuma’s arrest as EFCC states N1.4bn fraud and usage of forged documents to secure tax waivers as reason for arrest What GTBank claims: 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 Chief 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 GTBank wants the public to know: 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 GTBank 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 GTBank says 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 EFCC is saying In a statement issued by the Head of Media and Publicity of the Economic and Financial Crimes Commission, Wilson Uwujaren, he said, “The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. “The business man who runs a local auto assembly plant was arrested on Tuesday, December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery. "The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.” Read more: https://www.naija.ng/1142081-efcc-sheds-light-innoson-boss-arrest-details-gtbankinnoson-transaction.html#1142081

Celdanstar:
Original Jibiti bank.

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. 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”. Below are a few bullet points gotten from the bank on the issue: The obvious: Innoson is, and still remains, a customer of GTBank. GTBank not behind Innocent Chukwuma’s arrest as EFCC states N1.4bn fraud and usage of forged documents to secure tax waivers as reason for arrest What GTBank claims: 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 Chief 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 GTBank wants the public to know: 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 GTBank 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 GTBank says 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 EFCC is saying In a statement issued by the Head of Media and Publicity of the Economic and Financial Crimes Commission, Wilson Uwujaren, he said, “The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. “The business man who runs a local auto assembly plant was arrested on Tuesday, December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery. "The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.” Read more: https://www.naija.ng/1142081-efcc-sheds-light-innoson-boss-arrest-details-gtbankinnoson-transaction.html#1142081

KwoiZabo:
They are committed to providing best customer service yet they overdeducted an account by over 500mil. Ok.

Kindly get ur facts right. They had a deal with innoson and innoson went behind to forge documents. Try n make necessary research and dont conclude like an illiterate.

Sprumbabafather:


Lies, GTB is losing already. We now suspect them as a tool in the hands of the government to kill the business of innocent businessmen. No big businessman will like to do business with GTB except they clear their name.

GTB is now a branch of the EFCC.

Sarcasm..right?

Very stupid statement. Disappointed in gtb

GTB is a collosal disgrace to nigeria as a whole,people still banking with this crooked bank be warned,as your money will soon go into the story books...

Gtb is fraud

This is straight and direct no sentiment. Thumbs up GTB

Our security agencies should be allow to do there job. As an ordinary Nigerian,you should be interested for the right thing be dorn by everyone.
It might also be business go wrong.

Its not possible for you or me to get #200k loan, but its always easy for the elites to get as high as 2billion. Are they supernigerian than myself?

We the common men should think.

God bless Nigeria.

Diiet:
one thing verry clear is that innoson has shown himself in a verry bad light, and other banks would be afraid of granting him credit facilities. This saga will end up having negative impact on his business.

ALL DIS ENGLISH U DEY YARN, NA NONSENSE. GO COLLECT LOAN FROM ANY BANK N C IF UR NAME NO GO CHANGE 2 LAMENTATION.

tobida:
#boycottGTB continues...

Ibos don't really have sense, u guys have forgotten that ur fellow ibos work in gtb, if the bank is to shut down, ur people will still suffer it.

Courts outcome must be duly respected if it is without sentiments else I will go and remove my coins from GT and shut down the accant

Yeye bank

greiboy:
Mr man the case has been with efcc before the court cases

Is the Efcc above the court answer this, then you judge yourself.

I am closing my account with GT Bank immediately. Period

charliboy654:

Ibos don't really have sense, u guys have forgotten that ur fellow ibos work in gtb, if the bank is to shut down, ur people will still suffer it.

who are u talking to abeg?

Diiet:
Good one from gtb.

Let the man who forged

documents face the music.
Ethnic card will not save him from this serious mess he has gotten himself into.

# No more credit facilities for fraudsters.

Wow!!!

Pls why haven't GTBank brought this Fogery claim since 2011/2012?

GTBank has already lost this case in more than 2 different courts.

ladyF:

U are here and crowds waiting for you on WhatsApp

Amarabae:
Thunder fire them.
Useless bank.
Their plans failed woefully, nothing will happen to innoson.
He will grow from strength to strength and he will never relocate to Lagos or ogun.
This whole saga is ethnically and politically motivated, am not a kid, I know Nigeria very well.
That's how they frustrated Izuogu motors industry,
Seized ibeto licence in order to monopolize cement biz for dangote.
Etc
God is above them.
Useless country that WILL NEVER DEVELOP.

Sister cool down. Has anybody ever asked Innosson to relocate to Lagos ?
That is not the bone of contention the way I see it.

Sprumbabafather:


Only the courts can decide that after going through the forged documents. EFCC are not supreme court judges.

I believe you know the duty of EFCC(financial crime). All we should be doing is to make sure they do the right thing.
People should stop defending people for ethnic sake. Non of us is there for the deal or scam.
When the elite want to use your head they screams, but when they share meat among themselves you don't hear them talk.

This generation should wake up for the good of the future.

God bless Nigeria.

Diiet:
Good one from gtb.

Let the man who forged

documents face the music.
Ethnic card will not save him from this serious mess he has gotten himself into.

# No more credit facilities for fraudsters.

If they say he forged let them prove so to d court

daygee12:

Kindly get ur facts right. They had a deal with innoson and innoson went behind to forge documents. Try n make necessary research and dont conclude like an illiterate.

Everything you're hearing from all quarters are still allegations and counter allegations. you have no right to say he forged documents because the case is still in the court. why not keep shut and wait for the court ruling on this issue and stop displaying the level of your idiocy on this forum. Read the bank statement and try to comprehend what you've taken into your head. you no sabi something pass who make that official statement .

GTB looking desperately for technicalities that will give them legal victory

usba:
Unfortunately Cownu died and took the brains of his already brain dead followers, person forge document yet he is being protected by tribal donkeys who should atleast have common sense to let the root of the matter be unearthed and the courts decide.

. Oduduwa, afonja, skull miner, must u include kanu in every thing, I know how it pains when a man become popular than the entire afonja, kanu is popular than Yoruba, so please maturbate on dat

Gt seems to be on damage control, i hope and pray the bank falls like the fall of gej in 2015 election

Awon ole...they couldn't even come up with something brighter to address the allegations levied against them. They said you stole several millions disguised as extra charges, yes or no? Whew!

Sprumbabafather:
GTB is going down.

says by someone who has a zero balance account?

Sprumbabafather:


So why was his house invaded and his family humiliated instead of calling up the case in court? It's GTB that has been running around seeking for sympathy and now sending propaganda online. Who is now fighting a media war? GTB.

Innoson has succeeded in putting himself in a very bad situation. As a business man with international partners, this whole saga is a very big dent on his integrity. Most foreign businessmen believe that a man with no integrity is no man at all. Secondly, only 3 banks can comfortably provide the kind of financing his business needs, GTB, Zenith and Firstbank. Firstbank is now controlled by northerners, GTB he has soil is relationship with. Thirdly, he has succeeded in embarrassing the government of the day with his accusations. Businessmen don't do this, see Dangote, Otedola and Adenugas, they always romance with the government at the centre for ease of business. The government can face him out with just a single policy. He would have honoured the EFCC invitation quietly without turning the whole situation into a circus.

ladyF:

I love the smell of your armpits,I fit take am chop bread