They should pay up if it is a chicken change. It is a chicken change while their bank branches are being shut down, while you guys are the ones hyping them by telling us that the money is a chicken change. It is only GTB that wears the shoe knows where it pinches. To pay out 9b will be tough to them if not they would have paid it tonight.

obailala:
N9billion is chicken change for a large organisation like GTbank, paying that sum can be done without a single blink. But given that these large exploitative organisations dont mind extorting N50 and N100 from even their poorest customers, it's not surprising that they're fighting dirty to avoid paying Innoson whatever they owe him.

Dottore:

Sis it's Originally Onicha

Never heard such from my parents or elders.
Its possible cos the other Umuezechimas in Delta state still spell theirs as Onicha but let's just spell it the way it is spelt in present day.

nwanyionitsha:
Never heard such from my parents or elders.
Its possible cos the other Umuezechimas in Delta state still spell theirs as Onicha but let's just spell it the way it is spelt in present day.

Nwanyi Onicha.
Nwanyi Oka.
Onicha Ugbo.
Onicha Olona.
Onicha Mba. ( title).

Chipink:
Good move sir.
Every GTB in east must be closed.

Then I'm sure you'll give jobs to all the workers, right?. Try to rein in your bigotry once in a while.

SLAP44:


Why then did they open branches in the SE?

Isn't SE part of Nigeria?

I'm afraid of the next case, that one is N14b against GTB by same Innoson. He has already won in FHC and court of appeal and currently case is already pending in Supreme Court.
By now I believe the bank will already be regretting ever doing business with Innoson and the step they have taken so far.

I'm transferring all my money from gtb to uba on monday, I don't understand what is happening

dreamwords:
I'm transferring all my money from gtb to uba on monday, I don't understand what is happening

Don't join the stampede

SpaceTour:
They should pay up if it is a chicken change. It is a chicken change while their bank branches are being shut down, while you guys are the ones hyping them by telling us that the money is a chicken change. It is only GTB that wears the shoe knows where it pinches. To pay out 9b will be tough to them if not they would have paid it tonight.

N9billion is chicken change to all the mainstream banks in Nigeria. But that doesnt mean they would pay it without a fight; these banks wouldnt even pay poor customers 10k without a battle, let alone billions. But for anyone to actually think a N9b payoff or fine can get any mainstream bank in Nigeria distressed, let alone one of the biggest in the league (GTB), then such a person must really be swimming in deep ignorance.

obailala:

N9billion is chicken change to all the mainstream banks in Nigeria. But that doesnt mean they would pay it without a fight; these banks wouldnt even pay poor customers 10k without a battle, let alone billions. But for anyone to actually think a N9b payoff or fine can get any mainstream bank in Nigeria distressed, let alone one of the biggest in the league (GTB), then such a person must really be swimming in deep ignorance.

You miss the point. Of course we all know they can shell out that amount without a sweat, but what happens thier cooperate image?

Entities like GTB that rely heavily on investors and depositors confidence simply cannot afford to be emeshed in such trending stories like these.

For instance,.what happens if everyone starts panic withdrawal?

Tribal bigots like you fail to understand that GTB is a PLC with shareholders, depositors and workers that are Yoruba,Nupe, Igbo, Urhorobo, Fulani, Kanuri

Amuocha:
Amazing

Pay they will not pay ...common N8bln
Their company will be yarning cho cho cho cho
Useless SW bank

obailala:

N9billion is chicken change to all the mainstream banks in Nigeria. But that doesnt mean they would pay it without a fight; these banks wouldnt even pay poor customers 10k without a battle, let alone billions. But for anyone to actually think a N9b payoff or fine can get any mainstream bank in Nigeria distressed, let alone one of the biggest in the league (GTB), then such a person must really be swimming in deep ignorance.

The they should simply pay now

oyatz:
Tribal bigots like you fail to understand that GTB is a PLC with shareholders, depositors and workers that are Yoruba,Nupe, Igbo, Urhorobo, Fulani, Kanuri

Crap, is that why they were deducting his money illegally?

nwanyionitsha:
Never heard such from my parents or elders.
Its possible cos the other Umuezechimas in Delta state still spell theirs as Onicha but let's just spell it the way it is spelt in present day.

Yes. It was formerly written Onicha before the coming of the colonial masters who made the mistake and till today the mistake has replaced the original. But remember the pronunciation still remain the same to Igbos.

Same applies to Owerri(Owerre)

alezzy13:


You miss the point. Of course we all know they can shell out that amount without a sweat, but what happens thier cooperate image?

Entities like GTB that rely heavily on investors and depositors confidence simply cannot afford to be emeshed in such trending stories like these.

For instance,.what happens if everyone starts panic withdrawal?

Banks get involved in these sort of cases and litigations very often; they win some, they lose some. There's nothing special about this case except that some nincompoops decided to turn it into another of their igbo vs yoruba foolishness, while some others turned it to apc vs pdp.

Regarding the corporate image of the bank, you seem to forget we're talking of a Nigerian bank here; one of the biggest and most influential out of the pack. These big banks are like rogue organisations who enjoy a certain level of exclusivity and monopoly. They worry less about corporate image, so losing a N9bn case (regardless of how messy it was) would have little or no effect on their business.

Did you say panick withdrawal? Over N8bn? For fear that the bank is distressed or what?

InyinyaAgbaOku:


The they should simply pay now

Stubborn organisations like that wouldnt even repay a customer N10k without a fight, let alone billions.

obailala:

N9billion is chicken change to all the mainstream banks in Nigeria. But that doesnt mean they would pay it without a fight; these banks wouldnt even pay poor customers 10k without a battle, let alone billions. But for anyone to actually think a N9b payoff or fine can get any mainstream bank in Nigeria distressed, let alone one of the biggest in the league (GTB), then such a person must really be swimming in deep ignorance.

Oga, cold raw liquid 8.8billion is a big deal for any Nigerian commercial bank to cough out and pay. Forget all the quarterly results and annual revenue turn over being flaunted in their books.
No commercial bank will want to pay 8.8billion in liquid cash to any debtor. That is why since 27 February 2019 that this ruling was given at the supreme court, gtb has not done the needful.
Another thing is that, once they try it (that is paying raw 8.8bilion) all their other debtors will come for their own. It will simply set a bad precedence.

Read to comprehend. Where did I say that or what gives you the impression that I support banks' wrongful charges of customers when I myself is also a victim.
Tribal bigots see everything solely from the narrow prisms of tribalism

InyinyaAgbaOku:


Crap, is that why they were deducting his money illegally?

Read the judgment very well, this time slowly and you will see that there is nothing like payment of #8.8Billion in liquid cash at a go.

The money wasn't deducted at once ,so no judge will give an order for #8.8 billion to be paid at once.

#All banks in Nigeria are insured by the NDIC and they can NOT be liquidated just because of #8.8 Billion.
#People that know nothing about the matter are just commenting based on their tribalistic inclinations.

eagleeye2:

Oga, cold raw liquid 8.8billion is a big deal for any Nigerian commercial bank to cough out and pay. Forget all the quarterly results and annual revenue turn over being flaunted in their books.
No commercial bank will want to pay 8.8billion in liquid cash to any debtor. That is why since 27 February 2019 that this ruling was given at the supreme court, gtb has not done the needful.
Another thing is that, once they try it (that is paying raw 8.8bilion) all their other debtors will come for their own. It will simply set a bad precedence.

Ok. I need the whole story about this 8.8billion saga and the pending 14billion case in the supreme, I’m beginning to think GTB was extremely foolish and fell into Innoson’s trap.

oyatz:
Read the judgment very well, this time slowly and you will see that there is nothing like payment of #8.8Billion in liquid cash at a go.

The money wasn't deducted at once ,so no judge will give an order for #8.8 billion to be paid at once.

#All banks in Nigeria are insured by the NDIC and they can NOT be liquidated just because of #8.8 Billion.
#People that know nothing about the matter are just commenting based on their tribalistic inclinations.

Chipink:
Good move sir.
Every GTB in east must be closed.

noted...the internet never forgets.

Stop yapping rubbish. Their branches are being shut down with attendant de-marketing occasioned by the picketing but you are still here yapping that 9b is nothing. Do you know the damage this shut down of GTB banks have caused to their image? Go and sit down

obailala:

N9billion is chicken change to all the mainstream banks in Nigeria. But that doesnt mean they would pay it without a fight; these banks wouldnt even pay poor customers 10k without a battle, let alone billions. But for anyone to actually think a N9b payoff or fine can get any mainstream bank in Nigeria distressed, let alone one of the biggest in the league (GTB), then such a person must really be swimming in deep ignorance.

obailala:
Stubborn organisations like that wouldnt even repay a customer N10k without a fight, let alone billions.

Okay o, by the time depositors in Onitsha are denied their business money on Monday morning, let's see who go stubborn pass. Those guys didn't read book o.

Don't mind that fool

eagleeye2:

Oga, cold raw liquid 8.8billion is a big deal for any Nigerian commercial bank to cough out and pay. Forget all the quarterly results and annual revenue turn over being flaunted in their books.
No commercial bank will want to pay 8.8billion in liquid cash to any debtor. That is why since 27 February 2019 that this ruling was given at the supreme court, gtb has not done the needful.
Another thing is that, once they try it (that is paying raw 8.8bilion) all their other debtors will come for their own. It will simply set a bad precedence.

SpaceTour:
Stop yapping rubbish. Their branches are being shut down with attendant de-marketing occasioned by the picketing but you are still here yapping that 9b is nothing. Do you know the damage this shut down of GTB banks have caused to their image? Go and sit down

They know nothing about business, allow them to yap, till the head office is shut down.

Please lets all stop all these Innoson closes all GT Bank branches in the South East. Lets also stop calling GT Bank A South West Bank. I for one has been guilty of yabbing GT Bank in this issue and also calling their CEO a muslim. But its all jokes and also to make fun of the Yorubas that criticized innoson based on tribal sentiments.

But it seems water don dey pass garri. Lets all remember that all these banks have all tribes working in them. Most GT Banks in Lagos are filled with Igbo people even there headquarters. Lets not talk about South Eastern ones. E sure me say Innoson is a very crooked business man. GT Bank messed up. They played into his hands and should have foolishly apologised or sought settlement out of courts. They were doing heavy illegal deductions and it will cost them heavily.

Lets also not forget that a Yoruba judge delivered the judgement. These judge will be payed heavily for his services for him to have won a big bank like GT Bank. Most judges will now want a cut too because its a bank. They will lure innoson to twist the case more because GT Bank have posted heavy profit and all corrupt judges will want to slice them off some bread.

This is Africa. A wicked continent!!!

Averagely $3M....8billion
GTB networth ₦ 3.16 Trillion (2016)

GTB should accept their loss and learn from this. Besides I suggest the MD should resign after payments.

This 3T is mostly in assets and not cash. They don't have such money in cash if not they would have paid Innoson when this money was just 2B. The 9b will shake them in no small way.

bojbest:
Averagely $3M....8billion
GTB networth ₦ 3.16 Trillion (2016)

GTB should accept their loss and learn from this. Besides I suggest the MD should resign after payments.

obailala:
Banks get involved in these sort of cases and litigations very often; they win some, they lose some. There's nothing special about this case except that some nincompoops decided to turn it into another of their igbo vs yoruba foolishness, while some others turned it to apc vs pdp.

Regarding the corporate image of the bank, you seem to forget we're talking of a Nigerian bank here; one of the biggest and most influential out of the pack. These big banks are like rogue organisations who enjoy a certain level of exclusivity and monopoly. They worry less about corporate image, so losing a N9bn case (regardless of how messy it was) would have little or no effect on their business.

Did you say panick withdrawal? Over N8bn? For fear that the bank is distressed or what?

The panic withdrawals will not be due to 8 Billion Naira judgement, but due to the steps Innosons is taking to recover his money.
As at now all the GT bank branches in Anambra, Enugu and Ebonyi States have been sealed via a court order. More will follow.
What if by Monday, the Nnewi man proceeds to seal off GT Bank headquarters in Victoria Island ?
He has a supreme court judgement, and a federal high court order to seal, seize and auction..
GT shares will definitely take a hit ,this week.

Randomshotzz:


Yes. It was formerly written Onicha before the coming of the colonial masters who made the mistake and till today the mistake has replaced the original. But remember the pronunciation still remain the same to Igbos.

Same applies to Owerri(Owerre)

Yes you are right, even in a abia state we still have a place called owerre

Gtb should pay the chicken change and avoid their name being dragged to the mud, they are too big for this, I trust all these online reactors on social media, they will soon start reacting with funny memes

Marotzke:
The panic withdrawals will not be due to 8 Billion Naira judgement, but due to the steps Innosons is taking to recover his money.
As at now all the GT bank branches in Anambra, Enugu and Ebonyi States have been sealed via a court order. More will follow.
What if by Monday, the Nnewi man proceeds to seal off GT Bank headquarters in Victoria Island ?
He has a supreme court judgement, and a federal high court order to seal, seize and auction..
GT shares will definitely take a hit ,this week.

How did they enter into this mess is what worries me. They are completely trapped. Innoson still has another N14b case against them pending in Supreme Court. He has already won the case from FHC to Appeal court, should the supreme court upholds his winnings, that will be another big wahala. Around N22.8b will be going to just one person because of some carelessness of the bank management. Funny enough, the amount is not even fixed, it is still vomiting billions as long as the issue lingers un-liquidated.