......Refuses To Grant GTB’s Motion To Discharge or Set Aside the Execution as Illegal and Unlawful
 
The Federal High Court, Awka Division on May 20th, 2019 refused to grant GTB’s prayers for orders staying or suspending the execution embarked by Innoson Nigeria Ltd; and to further set aside the Orders made by the court on 27th March 2019 granting Innoson Nigeria Ltd leave to enforce the judgment, issue processes for enforcing the judgment and levying execution- the Writ of Fifa against Guaranty Trust Bank.

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 desperate 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 same.

The court further held that the order it 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 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, its MD - Segun Agbaje, Chairman- Mrs Osaretin Demuren and Secretary - Mr Erhi Obebeduo- to enable the Supreme Court 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 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 - Segun Agbaje, Chairman- Mrs Osaretin Demuren and Secretary - Mr Erhi Obebeduo for contempt of court for its acts of thuggery, extreme hooliganism and outright lawlessness in breaking into all the properties of GTB which have been distressed and seized by the Court bailiffs/sheriffs while executing a writ of fifa issued by the Court, undistressed them and as well released them from attachments and seizures.
 
Cornel Osigwe
Head of Corporate Communications
Innoson Group

Court Okays Innoson’s Execution Of Judgement Against GTB

The Federal High Court sitting in Awka has declined prayers by the Guarantee Trust Bank, for orders staying or suspending the execution embarked by Innoson Nigeria Ltd; and to further set aside the orders made by the court on 27th March 2019.

According to a statement signed by Innoson’s Head of Corporate Communications, Cornel Osigwe, GTB sought to vacate the order of the court, granting Innoson Nigeria Ltd leave to enforce the judgement, issue processes for enforcing the judgement and levying execution- the Writ of Fifa against Guaranty Trust Bank.

The Court had on March 27, granted leave to Innoson Nigeria Ltd to enforce and execute the judgement 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 judgement of 6th February 2014 and by the Supreme Court in its judgement of 27th February 2019.

As Innoson Nigeria Ltd commenced the tedious act of the execution, GTB rushed to the court vide its desperate 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 judgement and to issue the processes of executing same.

The court further held that the order it made on March 27th, 2019 in favour of Innoson Nigeria Ltd granting it leave to enforce the judgement and issue processes of execution of the judgement are valid; and also that all the steps 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, its MD – Segun Agbaje, chairman- Mrs Osaretin Demuren and secretary – Mr Erhi Obebeduo- to enable the Supreme Court 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 hearing of the pending applications – the contempt application.

It would be recalled that through a motion on notice dated April 24th 2019, Innoson Nigeria Ltd asked the court to commit GTB and its MD – Segun Agbaje, chairman- Mrs Osaretin Demuren and secretary – Mr Erhi Obebeduo for contempt of court for its acts of thuggery, extreme hooliganism and outright lawlessness in breaking into all the properties of GTB which have been distressed and seized by the Court bailiffs/sheriffs while executing a writ of fifa issued by the Court, un-distressed them and as well released them from attachments and seizures.

https://www.google.com/amp/s/leadership.ng/2019/05/23/court-okays-innosons-execution-of-judgement-against-gtb/

Lol why is GTb just dragging this thing?

Good for them.

Let us wait till this long dragging case gets to the Supreme court.
So everyone can move on after then.

Very soon we go have Innoson Trust bank

GTB una don buy bad market for Chukwuma hand

The way some people manipulate the court to their own advantage is alarming. Supreme Court has ruled on something similar and the matter is Still dragging at a lower court. The court is sitting in the home State of the judgment creditor and GTB is expecting to see positive result? Even though the Court is right.

The case regarding the garnishee proceedings has no merit has its an abuse of court process and ought to have been struck out. No lower court can rule over a judgment of a superior court.

GTBank is on deep sh1t with this matter

Make dem try settle this case nah, it’s been dragging for far too long. Both parties keeps ego tripping

nnnaa!! odikwa too risky for GT o!

Na wa

Enough of all this hide and seek games by GTB. They should throw in the towel already and come to a gentle man's round table agreement.
This shit is getting embarrassing...

Expect tribal bigots to take over this thread now

Glory be to God.

Great news

Innoson no pity Dem oooo

nice

No wonder GTB mobile banking is messing up.

They should hand the bank over to him asap

Innoson trust bank

illiteratepmb:
They should hand the bank over to him asap

An illiterate just typed!

This illiterate moniker says it all!

Go carry the bank for your BIG head go meet innoson nah!

Yebo people and bribe is like bread and butter.

The court is even at the backyard of the shameless innoson.

Watch Tribal bigoted Igbos take over the thread

Osetigoo

Innoson Guarany Trust Bank

Nna dem don buy market o!!!

GTB lack good legal advice.

How can you fight a battle you know you would lose outrightly. Instead of out of court settlement the bank is just disgracing themselves.

The MD and Chair can even go to jail for contempt

if na bank court give this kind of judgement they wouldn't look bad two minutes

Are we still on this case? So GTB is this stubborn

Some people will not sleep this night.

One is still at the junction selling dead meat suya. When he reads this news he will cry till day break

3rdeyeNigeria:
GTB lack good legal advice.

How can you fight a battle you know you would lose outrightly. Instead of out of court settlement the bank is just disgracing themselves.

The MD and Chair can even go to jail for contempt

guy u don't understand business law, they are only buying time

good evening fellow nairalanders, pls if you have the nnpc past questions and answers kindly mail it to me on gafarihammed224@gmail.com or WhatsApp: 08167739165 asap....God bless you as you do....one love

post=78630428:

An illiterate just typed!

This illiterate moniker says it all!

Nigeria is such a place where illiterates or at best half baked graduates consider themselves qualified to lecture professors