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Nairaland Forum / Nairaland / General / Politics / Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? (2996 Views)
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Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Nobody: 8:20am On Dec 26, 2017 |
patrick89:why your so called brother no go borrowe money from his igbo brothers, Why you no go support him, Birds of same feathers flocks together Mcheew 11 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Ovamboland(m): 8:21am On Dec 26, 2017 |
patrick89: These people are very funny indeed, they seem to exist in their own world and think only of themselves. Many of you have never met Innoson and are not privy to his business practices, but he must be right and EFFCC/GTB must be wrong just because he is Ibo and that is not tribalism? Can you define tribalism? You don't care about the facts, all you need to know is the accused is Ibo therefore he is right and been persecuted, who thinks like that if not tribalist 12 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by wirinet(m): 8:27am On Dec 26, 2017 |
PFRB:Why should the shipping documents be with GTB in the first place? What were GTB supposed to do with the shipping documents? |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by wirinet(m): 8:33am On Dec 26, 2017 |
Ovamboland: We all support Innoson because they have 3 court judgements against gtb and they have refused to pay judgement debts. We all support innoson because most of us who are business men have been victims of illegal deductions by Nigerian banks, so we are glad that one of them have been caught red handed. If GTB wants to institute fraud case against Innoson, they should please go ahead, but they should obey judgements against them first and pay innoson. For your information, I and most people supporting innocent chukwuma are not Igbo. |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by ettybaba(m): 8:40am On Dec 26, 2017 |
wirinet:That was the agreement. GTB funded the importation and GTB name was on the bill of laden and other shipping documents as the beneficiary. Innoson was to pay GTB 25% of the importation bill before the ownership is transfered to him. Innoson couldn't raise the money and instead forged the documents in GTB's custody including the signatures of GTB staff to fraudulently clear the goods. GTB reported the matter to Special Fraud Unit of the NPF and Innoson was invited. He confessed to the crime and penned down an undertaken to pay up his dues to GTB. Rather than respecting the agreement Innoson rushes to court to get some injunctions (what some illiterates called judgement) against GTB. He also used his political connection under the past administration to frustrate GTB from enforcing the agreement he had with them. I hope you've seen the Genesis of the fraud? 8 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by ManMountain(m): 8:45am On Dec 26, 2017 |
The wife that asked *is it because we are ibos?* and the ibo e-rats on social media took it up from their. 3 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by WisdomFlakes: 8:47am On Dec 26, 2017 |
wirinet: This comment here exposes your ignorance of the details of the case. Under the loan terms agreed by Mr. Innocent on behalf of Innoson, proprietary interest in the imported items was exclusively consigned in favor of the GTBank. This, in strict terms, means that the bank owned the imported goods. As such, the original shipping documents (Bills of Lading), were duly held by GTBank and remain in its possession. On account of the bank's exclusive ownership of the goods only it can transfer ownership to Innoson or any other party. A condition in the loan agreement for the release of the goods by the bank to Innoson was the payment of 25% of the value of each Letter of Credit transaction by the auto assembly company. Mr. Chukwuma, on behalf of Innoson, approached GTBank requesting the release of the shipping documents without fulfilling the condition requiring him to pay payment the agreed 25% of the value of each letter of credit. On account Innoson's failure to meet the condition in the agreement, the bank turned down the request. What followed stunned and riled the bank. It discovered in June 2011 that the shipping documents for goods it declined to release to Innoson because of its failure to meet the agreed conditions had fraudulently been obtained by Innoson. Innoson, on the instruction of its Chairman, had forged GTBank’s endorsement on the Bills of Lading to the shipping line, fraudulently clearing the imported items, which consigned to the bank. This means that being the property of the bank, the items should never have been cleared from the ports without the bank endorsing the original shipping documents in favor of Innoson or any third party. What Innoson did was to forge the signatures of Messrs Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, all GTBank staff, as well as the bank’s stamp on all the shipping documents to clear the goods at the ports. Insiders said the bank never endorsed or transferred the shipping documents to Innoson, as their original copies remain in the bank’s possession. That is the part you either skipped or deliberately chose to overlook. You are biased dude. 6 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by WisdomFlakes: 8:49am On Dec 26, 2017 |
wirinet: Mr., the case is still at the Supreme Court so why should GTbank pay any judgement by lower courts?? Who does that? You are the one that is biased here because you arguing from a position of bias and ignorance. 2 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by ManMountain(m): 8:51am On Dec 26, 2017 |
wirinet: Do you know what Import finance facility (IFF) means? The bank established the LC on the back of Innonson making an equity contribution of 25% whie the bank open a confirmed LC for 100% bank guarantee Nornally such Bill of Lading ( the most important shipping document) will be consigned to the order of the bank while innonson will be a NOTIFY PARTY and the correspondent bank will send all the original shipping documents to only the bank Innonson can only clear the goods IF the bank now ENDORSED the shipping documents to the company by STAMPING with the bank stamp and signed by the authorised signatories of the bank - usually 2 signatories. The question is who signed and released those documents, if not ENDORSED, how did he get the RAR (PAAR replaced RAR) , how did he get the duty assessement, how did he pay the duty assessed, or which bank did he pay the duty of which GTB created the Form M,how did innonson cleared the goods? Political connection by arm twisting the customs and the shipping company ? Remove ignorance and tribalism and you will see that Innoson have a lot of questions to answer 3 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by DECOtech(m): 10:48am On Dec 26, 2017 |
HtwoOw: Please, we need to understand how you came to this conlusion. The version of the story you read must have been different from what we read. Pls share with us. |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Alawe(m): 10:57am On Dec 26, 2017 |
Gotze1:Sorry, i don't reply jargons |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Gotze1: 11:14am On Dec 26, 2017 |
Alawe:What do you have in mouth to reply before? 3 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by HtwoOw: 1:19pm On Dec 26, 2017 |
DECOtech: Google is free, use it |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Nobody: 5:48pm On Dec 26, 2017 |
raymexx:understand what? That your brother refused to service loan owed 2 Likes |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Nobody: 5:51pm On Dec 26, 2017 |
ManMountain:my guy |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by patrick89(m): 9:03pm On Dec 26, 2017 |
ManMountain:Why didn't gtb present this in the law court? Why did they claim that their account book got burnt when asked? You guys are funny. You have not answered my question! Who brought tribalism into this issue?? Igbo are defending Innoson because he is Igbo why are you people defending gtb? Answer the question! |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by DerideGull(m): 9:07pm On Dec 26, 2017 |
It is not new in Nigeria that Yari.ba peeps are very tribal. |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by DerideGull(m): 9:14pm On Dec 26, 2017 |
ManMountain: Arrant nonsense!!!! GTB has lost not one or two legal battles with Innoson but five and yet to loose another one in the court of public opinion. GTB engaged in a fraudulent financial transaction and was caught red-handed. GTB agreed on a private and independent auditor which found GTB liable to a fraud in the amount over 500 million naira. |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by tiger28: 9:14pm On Dec 26, 2017 |
wirinet:because they loaned him the money. If you know about financial transactions, thats how its done |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by DerideGull(m): 9:22pm On Dec 26, 2017 |
WisdomFlakes: This crap you posited related to the container of goods sold by the Nigerian Customs. Innonson sued Nigerian Customs and GTB and won the case. |
Re: Who Actually Brought Tribalism Into Innoson Vs GTB,EFCC Débâcle? by Okoroawusa: 9:22pm On Dec 26, 2017 |
Please I want to comment. Btw,what is the topic? |
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