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Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) - Business (9) - Nairaland

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Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:24am On Mar 31
Unik3030:
do u realize they can still appeal the judgement? when it comes to court case u will use all known delay tactics b4 u finally give in. it's not that easy the way some people are presenting it

Bros you are talking like a child.
Innoson won GTBank at high court, GTBank went to appeal court and innoson still won. Finally they went to Supreme Court and innoson still won, is like you haven’t been following this drama from the beginning.
That was why last two years GTBank resulted to using EFCC to bully innoson on a case that was in court already.

Imagine EFCC slap innoson wife, bros reason am na, come scatter him house join untop matterwey Dey court already o. Is EFCC higher than the court of law?

6 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:30am On Mar 31
chloride6:


God doesn't bless criminals...

Innoson is a criminal ..




What did he steal from you or any of your family members?

Your hypocrisy will make you call a man who has never been in government a criminal because he’s an Igbo man but will turn blind eye on the biggest thief in SW Nigeria Asiwaju Bola Ahmed Tinubu.

Make hatred no kill you o my guy.

9 Likes 1 Share

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by whirlwind7(m): 11:31am On Mar 31
omega2128:
whoever thinks 8 billion naira will pull gtb down is fooling himself,
both have cases against each other.

Watch that video again.
Meanwhile, this same video one hungry blogger unearthed has been on Youtube since 2017. Copy the topic on NL and paste it on d search bar on youtube, and it will lead you directly to it.

Now pay attention: in that video, Innoson said GTB told the court that if they (GTB) pay Innoson 8billion, their bank will collapse. GTB said that. In that same video, Innoson said he doesn't believe that a mere 8billion will wreck the bank. He said the bank is just acting funny over the amount. That the bank can issue him shares worth that money if it can't afford cash payment. That him owing such shares would make him help the bank in the process (of course, he would want his shares to grow and worth more)

So, it's not about what people think. GTB first gave the impression since 2017 that it couldn't afford to pay Innoson that amount. We don't believe it. Innoson doesn't believe it either.

1 Like

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 11:31am On Mar 31
Kfed4ril:


What did he steal from you or any of your family members?

Your hypocrisy will make you call a man who has never been in government a criminal because he’s an Igbo man but will turn blind eye on the biggest thief in SW Nigeria Asiwaju Bola Ahmed Tinubu.

Make hatred no kill you o my guy.

Nobody is attacking Igbo people...

Stop chest beating

Innoson defrauded GTB . Simple
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:33am On Mar 31
chloride6:



If he wasnt cash strap, he wont be forging documents up and down like a criminal...


Innoson will procceed to Jail after this issue..

Heartless criminal ...

Bros provide the forged documents na, what is hard for GTBank to tender the forged documents to court?

1 Like

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:38am On Mar 31
chloride6:



GTB has refused to pay because Innoson has refused to come clean about his forging port documents..

GTB gave Innoson a loan when no Nigerian Bank would give him money..
]

This is not a case of extortion, this is a case of criminality..


Innoson is a criminal, cut dried the end...


Bros I have said it before, shey GTBank said innoson submitted a forged document, let them provide it in court na. As simple as ABC.

5 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 11:50am On Mar 31
Kfed4ril:


Bros I have said it before, shey GTBank said innoson submitted a forged document, let them provide it in court na. As simple as ABC.

Time will tell.
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Ewedegubbler: 12:04pm On Mar 31
Kfed4ril:


Bros I have said it before, shey GTBank said innoson submitted a forged document, let them provide it in court na. As simple as ABC.


Stop indulging that Demented malicious cone headed idiot from one slum in Osogbo

He can go drown himself in his mother’s pot of ewedu for all we care. GTB must obey the Supreme Court judgement or the law breaks the mumu thieving bank.

6 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by BrownRoofRep: 12:10pm On Mar 31
Meliaen:


Yes, Onitsha is a commercial city in the yeast. When you want to compare that to other cities in the West, it fades into total insignificance.
Aside Lagos Onitsha is more useful and far batter than all the Afonja brown roof slums added together.
Hosting the biggest market in black Africa is a feat you Afonja cone heads will never achieve in your mischievous life time.

6 Likes 1 Share

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by NothingDoMe: 12:12pm On Mar 31
omega2128:
whoever thinks 8 billion naira will pull gtb down is fooling himself,
both have cases against each other.
I think it was GTbank that made that comment to avoid paying. That's a normal dispute tactic. The problem is every cent is accounted for in the banking industry or should i say every kobo. Paying that money may likely result in consequences for Segun and the bank. There are things that money cannot buy like a good name

1 Like

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:19pm On Mar 31
PURITYAUTOZ:
INNOSON vs GTB. 30 things you should know.

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 N8billion based on 22% interest rate against GTBank .

chloride6
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 12:19pm On Mar 31
InyinyaAgbaOku:


chloride6

Post with no source

Fake News
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:20pm On Mar 31
Chloride6. GTB page is lying and this analysis is dealing with your case. Meanwhile, bring the phony court case.
Let's go there , instead of crying for thieving GTB




Whoever issued this Press statement on behalf of GTB either doesn't understand the meaning of Garnishee proceeding or he thinks Nigerians don't. Either way, this is a very weak attempt at obfuscation. I'm referring to the 3rd paragraph where GTB claimed the Nigerian Custom Service is the entity against whom the execution of the garnishee order is directed.

That is not exactly correct.

To be clear, I have little interest in the legal gymnastics involved in this case since I am not a lawyer. I believe the court is already doing justice to that. I am only interested in the academic part of this case in order to ensure that no matter which camp you belong to, if you are 'chuucking' your mouth, you will be doing it from the position of understanding.

Innoson has two court cases with the GTB, one is about the criminal deduction from the account he has with the Bank and the second one is a Garnishee proceeding instituted by Innoson as the judgement creditor and the GTB as the third party in whose custody funds belonging to the judgement debtor (Customs) is domiciled.

First, let us understand what Garnishee proceeding is.

In a simple layman English, Garnishee Proceedings is a Legal Action in which a court directs a Third Party (known as the Garnishee) that has in its possession monies or other money instrument belonging to or accruable to one who is owing another (judgement debtor) to pay that money to the person being owed known as the judgement creditor. The 3rd party here could be an Employer who has in his/her possession salaries accruable to the judgement debtor. For example, if Charles Ogbu owes a woman who sells achicha close to his office and refuses to pay, after convincing the court that she is owed by Charles, the woman may decide to institute a garnishee proceeding where the court will force Charles Ogbu's Employer to channel Charles' salaries to her until the judgement debt owed by Charles is liquidated in full. If my Employer fails to abide by the garnishee order and the woman goes back to court to get a Writ of Execution, it will be fully enforced, NOT AGAINST ME (Charles) who is owing but against my employer (the Garnishee) who will now be treated by the court as the debtor.

NOTE: Garnishee proceeding cannot just be instituted on nothing. It must stand on the foundation of a money judgement in which it was established that the judgement debtor actually owes the judgement creditor. That is when Garnishee proceeding can now be used to recover the debt. Though it is possible that in some places, the Sheriff and his deputies can use Garnishee proceeding to recover debt for a judgement creditor without first getting a money judgement.

But in most cases, the Third Party is usually the Banks where people keep money as is the case here.

In 2004, during the government of Chief Olusegun Obasanjo, the Nigerian Custom Service seized goods legally imported by Innocent Chukwuma, the chairman of Innoson and went further to auction off the goods. Innoson took Customs to court claiming damages and won but the Custom Service refused to pay him the money as ordered by the court. He (Innoson) then located Customs account with the GTB which has enough funds to settle the judgement debt and instituted a Garnishee proceeding with GTB as the third party known as the Garnishee but the Bank REPORTEDLY connived with the Nigerian Custom service and released the fund already covered in the garnishee proceeding to the Custom. By allegedly conniving with the judgement debtor (the Customs), GTB, in the eye of the law, has ceased being a Third Party but has automatically become the judgement debtor against whom the Writ of Execution must be implemented in full.

Now, there is a little confusion here: In its Press statement released yesterday, Innoson Vehicles claimed its Writ of Fi Fa (a legal document by which assets, mostly movable assets, belonging to a judgement debtor may be seized) with which it sealed off some GTB branches in Anambra state yestarday, is in connection with the illegal deduction case while the GTB in its own statement below is claiming the action of Innoson is in respect of a Garnishee proceeding against the account of the Nigerian Customs domiciled with the Bank and not against the Bank as an entity.

If Innoson is sealing off GTB branches with a Writ of Fi Fa, it is illogical to claim it is in respect of a Garnishee proceeding against the account the Nigerian Customs Service has with the Bank because Garnishee proceeding is mostly targeted at the third party holding money belonging to the judgement debtor in its possession. It must either be in respect of the illegal deduction case as claimed by Innoson or it must be in respect of the Garnishee proceeding in which GTB is the erring Garnishee who connived with the judgement debtor and is now being treated as the debtor. Either way, GTB is clearly being economical with the truth here.

11 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:21pm On Mar 31
chloride6:


Post with no source

Fake News

It's a comment here.

Fake person. You will suffer for GTB. We await your phony court case

5 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by darkman200: 12:36pm On Mar 31
Although I almost took this as Ibos vs Yorubas again, however after listening and reading up on this story, I believe GTB is at fault. Agbaje should pay up. Agbaje is too arrogant for his own good, this should have been settled out of court.

3 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by NLandIsHypocrit: 12:40pm On Mar 31
chloride6:
This guy thinks he is smart..

You think you can forge Bill for Collection document and get away with it..

You don't know Agbaje..

Innoson still has N7 Billion pending case with GTB..

If GTB dont pay that money next week they will never pay...

Innoson is broke and needs cash..

In the end, Innoson will be liquidated. It's just a matter of time.


GTB will wait it out until Innoson is liquidated...

And then pay cents on the dollar to his liquidators...

Modified

All of quoting me better face the fact..

Innoson is already a bad credit in all commercial banks..

Ask your friends in corporate finance if you have any..

Innoson is cash strapped right now and is hanging on for dear life..

No body wants to give him money right now..

If the debt is increasing with each passing day, why is Innoson resulting to Media Blackmail to get his money?

Sealing GTB premises all over the country wont give him his money..

What is he going to do with it?


Sell it?

Who will buy a bank building asides from another bank?

Banks are constructed to be functional for banking purposes only..





You struggled so hard to make at least a little sense but all to no avail, your foolishness still stinks to high heavens. Innosson is broke and yet he borrowed money to a bank to the tune of 8 billion which the bank never denied but complained that they will collapse if they pay the money that they're actually owing O , now between Innosson who has kept his business going without 8 billion and GTB who is crying fowl of crashing if they pay their depth who is broke? Do you see that you're mad out of hypocrisy, bigotry and unprovoked hatred?
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by themonk(m): 12:40pm On Mar 31
chloride6:


Cash and cash equivalents but hey what do you know?

Oga stop talking about what you have no knowledge about, cash equivalent is not the same as cash, anything that can be converted from or to cash can be a cash equivalent but cash is cash and cannot be stored electronically.

4 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:43pm On Mar 31
Chloride6, this is from Innoson interview :



Innoson: After high court Ordered GTB to pay my 8bil they went to Appeal Court to swear affidavit of not having such money that if they pay it they will collapse & to turn the case against me. I told them if they don't have the money cash let them give me shares. I will also inject more money in the bank to make sure it doesn't fall.
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Malawian(m): 12:47pm On Mar 31
After learning about Garnishee proceedings and it's modus of operation, as well as terms like Writ of Fi Fa, I can now accept why Law is a 5 year course just like Engineering, and why those suit wearing student refered to themselves as "learned colleagues".

3 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by skales67: 1:16pm On Mar 31
chloride6:
This guy thinks he is smart..

You think you can forge Bill for Collection document and get away with it..

You don't know Agbaje..

Innoson still has N7 Billion pending case with GTB..

If GTB dont pay that money next week they will never pay...

Innoson is broke and needs cash..

In the end, Innoson will be liquidated. It's just a matter of time.


GTB will wait it out until Innoson is liquidated...

And then pay cents on the dollar to his liquidators...

Modified

All of quoting me better face the fact..

Innoson is already a bad credit in all commercial banks..

Ask your friends in corporate finance if you have any..

Innoson is cash strapped right now and is hanging on for dear life..

No body wants to give him money right now..

If the debt is increasing with each passing day, why is Innoson resulting to Media Blackmail to get his money?

Sealing GTB premises all over the country wont give him his money..

What is he going to do with it?


Sell it?

Who will buy a bank building asides from another bank?

Banks are constructed to be functional for banking purposes only..






Blah blah blah blah!

First it was...

Innoson will lose his case to GTB! GTB is bigger than Innoson!...

Then...

EFCC will deal with Innoson...

Then...

FG will soon shut down Innoson...

Then...

Innoson will go to jail...

NOW...

Innoson is broke and GTB will never pay him!!

Rubbish vituperations from cowards!!

7 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by LegalOpinion: 1:18pm On Mar 31
stephleena:

I feel ur pain chei!..
This is not matter of being smart,Gtbank tried to play a fast one on him..
Supreme court gave the judgement,Gtbank should maybe approach Sharia court.

Is either they pay or he seals Gtbank. simple
Gtbank delays, Innoson's interests increases.

Hahahahaha! GTBank needs to approach the customary court in Nnewi to win Innoson.
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 1:25pm On Mar 31
omega2128:


welcome to Nigeria,
GTB don't care about their image. afterall, it will affect their profit a bit

in other sane clan, what innoson did will earn him a very long prison time.
GTB know that innoson can never be imprisoned in this country, GTB will drag feet until they are harmed with court decision to have equal negotiation power with each other

What did innoson do to earn him a very long prison term?
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Nodogragra4me(m): 1:30pm On Mar 31
For your mind na you be intelligent person. A man that bank of industry supports and uses as a signpost of their success story is what a lowlife like you is foaming and having hardon about his issue with GTB.


In your lineage nobody man or woman, dead or alive has ever had 8 billion naira to his or her name and you are here forming professor of finance and CIA at the same time



chloride6:
This guy thinks he is smart..

You think you can forge Bill for Collection document and get away with it..

You don't know Agbaje..

Innoson still has N7 Billion pending case with GTB..

If GTB dont pay that money next week they will never pay...

Innoson is broke and needs cash..

In the end, Innoson will be liquidated. It's just a matter of time.


GTB will wait it out until Innoson is liquidated...

And then pay cents on the dollar to his liquidators...

Modified

All of quoting me better face the fact..

Innoson is already a bad credit in all commercial banks..

Ask your friends in corporate finance if you have any..

Innoson is cash strapped right now and is hanging on for dear life..

No body wants to give him money right now..

If the debt is increasing with each passing day, why is Innoson resulting to Media Blackmail to get his money?

Sealing GTB premises all over the country wont give him his money..

What is he going to do with it?


Sell it?

Who will buy a bank building asides from another bank?

Banks are constructed to be functional for banking purposes only..





Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 1:30pm On Mar 31
Meliaen:


Dunce. Whatever happens in Onitsha remains in Onitsha.

Do you think it’s only one branch he will lock up?
You area bigger dunce for not knowing that closing down a branch will affect the whole GTBank.
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Dhugal: 1:32pm On Mar 31
chloride6:


Dont be in a hurry..

Innoson has been running from pillar to post trying to stop the case from proceeding..

But the case finally took off this year January.

That's why Innoson wants to force GTB hand to pay other earlier and be speaking French when Judgement is given against him in the other case.

Big fat lie..

grin


Let me quickly come in here,before you mislead the unsuspecting with your lies and gibberish.
GTB has no forgery case against Innoson as at this moment,rather there are two cases pending between Innoson and GTB,to with:
1.The one of illegal deductions from his account amounting to N756m initially,which went through audit and both parties finally agreed on N559m figure.GTB refused to pay that,ended up in court and lost,both at the High Court,Awka and Court of Appeal,Enugu.
Case is now waiting for judgement at the Supreme Court.
Judgement debt as at 2018 is N14bn,against GTB,kindly note that.

2.The second case pending between Innoson and GTB,is a N30bn defamation suit,pending at the FHC Lagos.Innoson slammed that on GTB,as a fallout of the 'forgery' allegation suit of GTB,which has been withdrawn by the police and EFCC from court,for 'further investigations',euphemism for no case.

In essence,GTB is at risk of a further 14bn lien on its assets,should the Supreme Court uphold the judgments of the lower courts already in favour of Innoson.
It's mentality cum stupidity like yours that pushed GTB to this sorry pass now

4 Likes 1 Share

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 1:33pm On Mar 31
Meliaen:


Yes, Onitsha is a commercial city in the yeast. When you want to compare that to other cities in the West, it fades into total insignificance.

This is the problem with you people, you always bring tribalism to everything, now lemme ask you apart from Lagos, which other city in the west is as commercial as onitsha?

1 Like

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Rgade: 1:39pm On Mar 31
This chloride dude prolly thinks that
typing rubbish with good grammar
would make him sound smart, after
typing over 100 words in this thread, all
I could deduce was that he doesn't like innoson
and igbos by extension.
All that stuff he wrote about the technicalities and
Dynamics of the finance/banking sector was...
Absolute rubbish.. just a hate filled random
internet user, who happens to have a good command
of the English language.
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by GiftedMind1JEM: 1:43pm On Mar 31
chloride6:
This guy thinks he is smart..

You think you can forge Bill for Collection document and get away with it..

You don't know Agbaje..

Innoson still has N7 Billion pending case with GTB..

If GTB dont pay that money next week they will never pay...

Innoson is broke and needs cash..








Poo and shitty talk...

Yeye deep.



Poo and shitty talk... Waste of 'thumb strength'.

Yeye deep...

In the end, Innoson will be liquidated. It's just a matter of time.


GTB will wait it out until Innoson is liquidated...

And then pay cents on the dollar to his liquidators...

Modified

All of quoting me better face the fact..

Innoson is already a bad credit in all commercial banks..

Ask your friends in corporate finance if you have any..

Innoson is cash strapped right now and is hanging on for dear life..

No body wants to give him money right now..

If the debt is increasing with each passing day, why is Innoson resulting to Media Blackmail to get his money?

Sealing GTB premises all over the country wont give him his money..

What is he going to do with it?


Sell it?

Who will buy a bank building asides from another bank?

Banks are constructed to be functional for banking purposes only..





Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by naijajobx: 1:49pm On Mar 31
U alone
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Samcent: 1:50pm On Mar 31
chloride6:


I'm not a GTB staff..

People dont understand the heartlessness of the animal called Innoson...

Innoson planned to throw the GTB officials whose signature he forged under the bus and leave them in jail forever..

Wicked Soul...

I cant reveal too much but i know one of the guys involved.

They were saved by a simple error in the forging plans of Innoson..

No sleep for the wicked..

Innoson wil still go to jail over this issue..

I hope Abaribe will not come and beg that time..






You have called Innoson all sorts of unprintable names. Please, what exactly has he taken from you?

2 Likes

Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 1:56pm On Mar 31
Samcent:

You have called Innoson all sorts of unprintable names. Please, what exactly has he taken from you?

I hate "smart" people datz all..
Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Samcent: 2:05pm On Mar 31
chloride6:


I hate "smart" people datz all..


Ok. Just take it easy. You are venting too much bile and is not good for the health. I am sure GTB and Innoson motors can sort themselves out, at least the authorities are on the matter.... cool
chloride6:


I hate "smart" people datz all..


Ok. Just take it easy. You are venting too much bile and is not good for the health. I am sure GTB and Innoson motors can sort themselves out, at least the authorities are on the matter.... Today is Sunday relax and be happy!

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