The Federal High Court in Awka grants the Innoson chairman to take over Guarantee Trust Bank Plc, GTBank after the court proceedings on the 20th of May, 2019, NIGERIA NEWS reports.

An order is made on 27th of March, 2019 in which Innoson Nigeria Ltd was granted victory over the case and to start the taking over of the Bank operation in some of her branches. The court case between the Innoson Nigeria Ltd. and GTBank are explicitly quoted below:

“Recall that the Federal High Court, Awka Division, on March 27th, 2019 granted leave to Innoson Nigeria Ltd to enforce and execute the judgment and Garnishee Order Absolute made by the court Coram Shakarho, J at the Ibadan Judicial Division on the 18th of May 2010 and the 29th of July 2011 respectively. This order was concurrently affirmed by the Court of Appeal in the judgment of 6th February 2014 and by the Supreme Court in its judgment of 27th February 2019.

“As Innoson Nigeria Ltd commenced the tedious act of the execution, GTB rushed to the court vide its motion on notice seeking orders staying or suspending the execution embarked by Innoson Nigeria Ltd and also seeking orders setting aside the exparte Orders made by the Court granting Innoson leave to enforce the judgment and to issue the processes of executing the same.

“The court further held that the order is made on March 27th, 2019 in favor of Innoson Nigeria Ltd granting it leave to enforce the judgment and issue processes of execution of the judgment are valid; and also that all the steps are taken to levy executions in pursuance of that order are still valid and are not vacated; whilst all the prayers by GTB in its motion of 1st April 2019 are not granted.



“However, the court stayed further proceedings- proceedings relating to contempt against GTB to enable the Supreme Court to hear GTB’s newly filed motion at the Supreme Court in respect of the matter. “Subsequently, the matter was adjourned to 17th October 2019 for the hearing of the pending applications – the contempt application.

“It will be recalled that through a motion on notice dated April 24th, 2019, Innoson Nigeria Ltd asked the court to commit GTB and its MD, Chairman and Secretary for contempt of court.”

https://www.nigerianews.net/gtb-vs-innoson-court-grants-innoson/

What is all this nonsense by GTB, it seems they want to keep delaying the taken over of their assets by always going to court for one thing or the other.

Now innoson will have to wait till October before he can take over any of GTB asset

Which bank? I think something is wrong with that judge.

Those lawyers and judges just want to chop his money GTB will not pay him anything.

Lalasticlala, come o. Innoson just caught a big snake

How many times will court grant Innoson the the go ahead to take over the bank

Why hasn't Innoson taken over the bank already

[quote author=BuhariAdvocate post=78629102]Those lawyers and judges just want to chop his money GTB will not pay him anything. [/quote

You are just plain stewpid sorry

Something the Supreme Court has given judgement]

A ipob man can't say Otherwise. [quote author=KingsCity post=78629376][/quote]

ipobarecriminals.Jankara judgement.

BuhariAdvocate:
Those lawyers and judges just want to chop his money GTB will not pay him anything.

Because it's a Yoruba and Igbo case?

BuhariAdvocate:
Which bank? I think something is wrong with that judge.

Only in Nigeria can a gworo chewer have the audacity to attack a Judge.

Even if it is explained to you, truth is you do not have the cognitive capability to understand it.

This is not cattle rustling or child marriage so please take a back seat & learn from enlightened minds.

Thank you.




*spits

Does GTF want the supreme court to overturn its earlier judgment? Or they think other lower courts can help them to pervert justice by staying execution of the judgment of the apex court.
Let them settle this matter ASAP, before their MD will be made to spend time in jail for contempt of court.

See the way you're reason like someone forget brain at home.

LuciferQuran:

Only in Nigeria can a gworo chewer have the audacity to attack a Judge.

Even if it is explained to you, truth is you do not have the cognitive capability to understand it.

This is not cattle rustling or child marriage so please take a back seat & learn from enlightened minds.

Thank you.




*spits

BuhariAdvocate:
Those lawyers and judges just want to chop his money GTB will not pay him anything.

Your name is in agreement with your post. Illiteracy. Dullard.

Take fire

That is serious, though Innoson would only take over some of their branch as stated in the judgement, but GTB is still trying to bring up cases just to drag the case as long as possible, we hope to see the end or the tussle...

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Great decision.

We can help innoson take over GTB

BabaOwen:
What is all this nonsense by GTB, it seems they want to keep delaying the taken over of their assets by always going to court for one thing or the other.

Now innoson will have to wait till October before he can take over any of GTB asset

The court further held that the order is made on March 27th, 2019 in favor of Innoson Nigeria Ltd granting it leave to enforce the judgment and issue processes of execution of the judgment are valid; and also that all the steps are taken to levy executions in pursuance of that order are still valid and are not vacated; whilst all the prayers by GTB in its motion of 1st April 2019 are not granted.

However, the court stayed further proceedings- proceedings relating to contempt against GTB to enable the Supreme Court to hear GTB’s newly filed motion at the Supreme Court in respect of the matter. “Subsequently, the matter was adjourned to 17th October 2019 for the hearing of the pending applications – the contempt application.

Read very well and this time take it really slooooowwww! Pay close attention to the bold parts.