deomelo:
I know the bank must explore their legal options, but they should just pay the ipob and make him go away.?

stephleena:
None sense, it's chicken change then pay up. .

People from the wastern side, have all turned to finance ministers over night,because a certain Chukwuma is involved..

lastempero:


It is better you people free Igbos so that people like you can live a normal because with Igbos in Nigeria people like you will never have peace of mind.

BluntBoy:


We can as well say that the reason why your Chukwuma and his ilk (like yourself) are hellbent on bringing down GTBank is because it is a successful bank owned by a Yoruba man.

You can see how foolish tribalism makes one look?

MyVILLAGEpeople:
The reason why they are trying so hard to bring down INNOSSON( especially yelobam moozelems) is because he is an Igbo man.

DWJOBScom:

GBAM!!!
Free money o

deomelo:



Based on SC judgement, they should and must pay, it's not like they don't have the cash.

They obviously made some terrible and imprudent mistakes somewhere, but they should just suck it up, pay and wipe the rubbish off their books and move on.

Ejimagifty:
Illiteracy is a big disease. I wonder how people expect GTB to be taken over by Innoson because of 8 billion naira not even dollars. Even bet9ja betting company set their maximum daily pay out at N10 billion naira let alone GTB that has been in banking business before the latter dreamt of betting business. GTB with branches in several African countries and the UK will be taken over by 8 billion naira? This is classic comedy.

YoungBlackRico:
You know, this GTBank-Innoson saga has shown that a whole lot of you folks from that side are big time dummies #JustSaying

stephleena:

mtcheeeeeeeeew...U would have said worst, if it were to be an Adenuga or Otedola vs Diamond or UBA bank.. we know una..

And yes, CHUKWUMA will collect the money or seals the bank.. kpomkwem!

corperdonga:
The talk going on here is really crazy. The bank has been proven guilty and should pay up. Why these tribal insults? Because the bank is own by a Yoruba man and they stole an Igbo man's money, court ordered the bank to pay back then it became an online tribal war

This is actually a victory that should be celebrated by all Nigerians. Banks don steal my money tire. Little little pilfering here and there.

Nigerians should grow pass this tribal sentiments. It is no longer healthy.

stephleena:

mtcheeeeeeeeew...U would have said worst, if it were to be an Adenuga or Otedola vs Diamond or UBA bank.. we know una..

And yes, CHUKWUMA will collect the money or seals the bank.. kpomkwem!

BrownRoofRep:

Explore legal option to upturn Supreme Court rulings?

Keep on breaking graves looking for skulls to steal, you think you are doing me?

AngryNijerian:
there's a superior court in ogbomosho, they will overturn the supreme court's judgment there.

stephleena:

And it has shown how silly and pained, a whole lot of you folks from that side are .I mean full time oponu..
#just saying#..

BrownRoofRep:

Explore legal option to upturn Supreme Court rulings?

Keep on breaking graves looking for skulls to steal, you think you are doing me?

myboy2111:
I am seeing tweets about GTBank going under because of judgment debt of N8.7B. I don't know whether to laugh or cry. Take a deep breath and relax. Gtbank is not a "small bank" by any measure. In 2018, their:
PBT - N215B
Equity - N575B
Deposit - N2.3Tr
Assets - N3.3Tr
-----'YO

stephleena:

Bet9ja is one man's business..Gtbank has it's share holders,whatever way u see it or try to put it,every kobo means a lot in the banking sector..

They had the money,then why drag the case this long? Even to the extent of putting it reputation at stake? that's mother of all stupidity. .

Well sha,I know it hurts u guys like hell..CHUKWUMA is about to add 8billion to his 'akant'

sweerychick:
i can't stop laughing dear! All of a sudden all of them are now financial experts. Why didn't GTBank pay the chicken change and save themselves from this embarrassment

zomoears:


Am sure u have not looked at the shareholders fund on their report. Also take a peek at depositiors funds....none of this is less than N500bn. What is N8bn?

Wish u could see that the judgement was against the account of Nigerian Customs domiciled with GTBank and not against the GTBank itself.
Anyways...half education is better than none. Most people are just throwing sentiments about on this issue...

goaldynboy:
These 30 key points as at the time GTB was harassing Innosen with EFCC will help you understand the case:




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 ?

deomelo:




SC judgement doesn't eliminate their capacity and options to litigate fresh and unrelated argument from scratch even after paying.


What's wrong with you kabukabu ipob village square lawyers sef.

zomoears:


Am sure u have not looked at the shareholders fund on their report. Also take a peek at depositiors funds....none of this is less than N500bn. What is N8bn?

Wish u could see that the judgement was against the account of Nigerian Customs domiciled with GTBank and not against the GTBank itself.
Anyways...half education is better than none. Most people are just throwing sentiments about on this issue...

Chipink:


U like wasting time with those half baked afonja illiterates

millhouse:
I tire for the OP , make the bank pay up then if its chicken change ...annoying institution with no repute , all because their cofounder hubnobs with politicians they think they can ride on anybody . Just picture what could have happened to Mr. Innoson if the judgment was ruled in the Bank’s favour . I swear to you by last night stern policemen would have sealed off all innosons businesses boothing out employees like chicken into the street to the cheer of the bank and it’s management . Animals .