₦airaland Forum

Fahdiga:
South West is boiling at the moment. This is what happens when you see your enemy as your friend. Yorubas sees peaceful Igbos as their enemies and at the same time embraced rampaging abokis as their soulmate. Now they are reaping the benefit of their friendship

What's wrong with you Ibos self? Has Yoruba done anything that is inimical to your existence to you before. The Hausas are the only problem everywhere.

[quote author=janejjjjj5000 post=112173431]Thank you, sir.

I think I will go for counseling. He has told me he is willing to go for counseling. He is begging me not to end the marriage.

Madam, I have to log on because of you. you think this man does not love the kids, you think he does not love you? Definitely, you want to pattern your life after some people's destiny, then abandon your own destiny. I beg you, use this opportunity to remold your home. Also do not rubbish your husband in the presence of your kids. From your speech, the kids are somehow sympathetic with you and you think they are the only things you need. It is a lie. Today, I and my siblings adore our mother for how she endured some things in her marriage. Your husband now is an angel compared to my Dad. We have taken that woman to US, we have built her another house, she has a car now. This is somebody that my father collected his gratuity and my Mom could not raise capital for her petty business, my papa gave the gratuity to his sister. My Mama no talk o. I beg, forget, since their is no assault, try the counselling; and you too become a counsellor. After apologizing, lecture him. Be closer to him, show him more love. Do not paint him black. Do not support the opinion of your kids, even if they are true. Give him feedback from the kids with wisdom. God will teach you.

Wetin dey pain me be say, when they are perpetrating their evils world leaders wouldn't say a word, but let military take over now they will start talking. There's no democracy in Nigeria for now. Period.

Wetin dey pain me be say, when they are perpetrating their evils world leaders wouldn't sau a word, but ley military take over now they will start talking. There's no democracy in Nigeria for now. Period.

Brother, I advise you give yourself to God in this case. Give your life to Jesus. Is obvious you need deliverance. You need a serious church like MFM. Fasting is a key instrument in this. You need to tackle this with all seriousness. The Lord will surely deliver you. Its a battle you must determine to overcome. He who overcomes will be able to teach others and bring others out of the pit. If you allow this battle to overcome you, it will be a bad thing.
God bless you.

In that Ministry, this is the only duty Aregbe performs very well.

Ogbeni and declaration of public holiday be like 5 and 6

Manchester United star Cristiano Ronaldo has signed one of his Portugal shirts for it to be auctioned off and raise funds for the victims of La Palma's volcanic eruption.

Along with signing the shirt, Ronaldo left a kind message for all those affected by the natural disaster.

Not even the force of a volcano will be able to defeat La Palma. All my support for the beautiful island," Ronaldo wrote.

Bidding for the shirt will begin on December 24, 2021.

Ronaldo's act of kindness
This act of generosity comes in the lead-up to Christmas, with many residents forced to leave their homes as some 3,000 buildings have been destroyed on the Canary Island.

Born on the Portuguese island of Madeira, Ronaldo is no stranger to charity work, donating some 900,000 euros to three hospitals in Portugal at the start of the COVID-19 pandemic.

Ronaldo is also an ambassador for Save the Children, UNICEF and World Vision, meaning that this recent decision to raise awareness and money for those affected in La Palma is nothing out of the ordinary.

This is just the most recent example of Ronaldo going beyond what is expected of him to help others around him.
Whilst at Juventus he led by example when taking a pay cut during the start of the pandemic in 2020 to help others around him, costing him a reported 4.4 million euros.

Ronaldo then asked the Portugal squad to donate 50 percent of their qualification bonuses for Euro 2020 to go towards fighting COVID-19.

He has even auctioned off his European Golden Boot in 2011 and Ballon d'Or of 2013 with funds going to building schools in Gaza and the Make-A-Wish foundation.

The Portuguese forward will be hoping that the auction is able to raise plenty of money to help those without housing and possessions in the wake of the La Palma volcano, which started erupting back in September 2019.

As we enter the New Year, the damage of the volcano continues and the rebuild of the small island is some way off being able to start.[b][/b]

Officialgarri:
And some idiots will say the war against terrorism hasn't improved by up to 85%.

If this was the era when everyone was advised to shun public gatherings,
if this was the era when we had to run away from every polybags we see by the road side,
if this was the era when there were at least 5 bombings within maiduguri only,
if this was the era when Boko Haram established caliphates all around Borno, to Adamawa —Mubi, Yobe ,
if this was the era when even the President couldn't attend public functions in Abuja because of fear,
If this was the era when one needed to escape from the North East to Cameroon and then follow another route to enter Nigeria through Benue state
If this was the era when Shekau was releasing music videos and almost had a verified Instagram account,

Then, I do not think this Governor would have the guts to lay the foundation of a simple public toilet.

Oga, this is not a matter of Boko Haram's defeat, is a matter of being governed by an educated fellow. This guy go school naa.

SuperbCrown:
It's no longer Buhari, I think the issue now is between him and his state governor.

The FG has said this before.

CaptainBUGGY:
So government should not expand road again, funny how nobody cared when he was demolishing shops in iwo-road last year

Oga, I pity you, because you chose to comment on an issue you are ignorant of. I pity you more if you are a Yoruba man. And your case is worse if you are from Oyo state. That place is already having a dual carriage Road. Sorry.

[quote author=akosh005 post=69685659]JAPA.... Decamping is allowed[/quote

Bros, divorce will only compound the problem. Firstly, ensure your wife move with you to Abuja. Then, discuss with her. The distance will naturally push them away. And with your wife being educated by you, things will work out. And know that people have passed through worse situation and survived. Be a man, take it cool. Develop an antibody to their behavior. God be with you. And know that what ever becomes of any problem at the end is a result of how we handle it.

apeleone:
Divorce should not be your next line of action,call your wife to order. She has to choose between building a new family with you or sticking to her biological parents. For your in-law make provision for him to leave over the weekend with a standing order that visitors/family can be welcomed on invitation.

Bros, divorce will only compound the problem. Firstly, ensure your wife move with you to Abuja. Then, discuss with her. The distance will naturally push them away. And with your wife being educated by you, things will work out. And know that people have passed through worse situation and survived. Be a man, take it cool. Develop an antibody to their behavior. God be with you. And know that what ever becomes of any problem at the end is a result of how we handle it.

rexchazy:
I watched the whole thing and I weep for Nigeria. No good program and initiatives except insult and quest.for power

God bless you

HigherEd:
Before anyone comes to tell us the usual story of how we should be building industries and not churches..

Pls note that the aim of the church is to further everything related to the church. People who give to church don't give to church to "improve" Nigeria but the Gospel. So pls channel your frustration to your elected govt officials who are responsible for improving Nigeria.

If you want churches to improve Nigeria, then let's hand over the VAT, Pet Tax, CIT, PayE, Wharf etc to rccg or lfc church because the way it looks as though the churches are managing themselves better than how govt is managing our lives.


GBAM

GBAM

kitaatita:
He is lying. In Saudi Arabia it unlawful to preach another religion openly.

The religion of peace will never tolerate others? What a way to serve a god, then what's the penalty? Killing. We have Muslim countries, muslin communities, but Muslims will cry everywhere that they are marginalized. Na wah

kcmichael:
How many death have been recorded since trump became president.Thousand of people died even during GEJ era.this nwabueze needs medical check up

Na you need am pass. Check yourself plssssssSsssssss.

izzou:


Take time to read bro

Its about Federal jobs. Fayose has nothing to do with this

Thank you for borrowing @Alao046 some sense.

Omeokachie:
"There was a country"!

Yes, many people called Fayose a thug when he made laws and moves to protect his Ekiti people. Benue, enjoy your APC and mumu governor.

Celdanstar:
Original Jibiti bank.

There have been numerous sponsored social media campaigns against the Bank such as #BewareOfGTBank and #WhatIsWrongWithGTBank. The company has also gone Television, with its owner, Dr Innocent Chukwuma granting an interview to TVC, where he claimed he had obtained a judgement of N8bn against the bank. He added that the bank pleaded with him over their inability to pay, and that he graciously offered to accept shares of the bank as payment. GTBank on their part has chosen to remain silent on the matter, perhaps trusting in the integrity of the legal system as against playing to the gallery. A staff of the bank who spoke under anonymity, stated “Irrespective of the issues we are facing with the company, Innoson remains a customer of the bank and we owe him a duty of confidentiality and to conduct ourselves in a responsible manner towards him”. Below are a few bullet points gotten from the bank on the issue: The obvious: Innoson is, and still remains, a customer of GTBank. GTBank not behind Innocent Chukwuma’s arrest as EFCC states N1.4bn fraud and usage of forged documents to secure tax waivers as reason for arrest What GTBank claims: 1. GTBank (in 2009) granted Innoson several credit facilities (i.e loans) totalling N2,400,000,000,00 (two billion, four hundred million Naira only), to part finance working capital requirements, import new motorcycles and motorcycle spare parts, agricultural spare parts and plastic manufacturing equipment (“Imported Goods”). 2. Under the loan terms agreed by Chief Innocent Chukwuma on behalf of Innoson, proprietary interest in the Imported Goods was consigned exclusively in favour of the Bank. This means that the Bank was the exclusive owner of the Imported Goods. Accordingly, the original shipping documents (i.e. the Bills of Lading) were in the custody of the Bank, and have remained in the custody of the Bank at all times. 3. Because GTBank was the exclusive owner of the imported goods, ownership of the goods could only be transferred to Innoson (or any other third party) by the Bank. The condition in the agreement between the Bank and Innoson, for the release of the Imported Goods by the Bank to Innoson, was the payment of 25% of the value of each Letter of Credit transaction by Innoson. What GTBank wants the public to know: 1. Innocent Chukwuma approached the Bank, on behalf of Innoson, requesting the release of the shipping documents without payment of the agreed+ 25% equity. The Bank declined his request as a result of Innoson’s failure to meet the agreed conditions. 2. It came to the Bank’s knowledge sometime in June, 2011 that the Imported Goods for which the Bank declined to release shipping documents to Innoson in view of its failure to meet the agreed conditions, had been fraudulently procured by Innoson. 3. The Bank discovered that Innoson, under the control of Dr. Innocent Chukwuma had forged the Bank’s endorsement on the bills of lading to the Shipping Line and fraudulently cleared the Imported Goods which were in the name of the Bank. The Imported Goods, being property of the Bank should not have been cleared from the Port without the original shipping documents being endorsed by the Bank in favour of Innoson, or any third party. 4. The signatures of 4 (four) staff of the Bank, to wit, Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, as well as the Bank’s stamp were forged on all the shipping documents used by Innoson to fraudulently clear goods at the port. The Bank did not at any time endorse or transfer the shipping documents to Innoson, as the originals of each of the relevant Bill of Lading remain in the Bank’s custody to this very day. 5. When the Bank reported the matter to the Nigeria Police, Dr. Innocent Chukwuma claimed the Bank released the shipping documents to him. Consequently, the Police commenced investigation into the Bank’s complaint, including a forensic examination of the disputed signatures, and established that the signatures of the Bank’s staff were forged, and the Imported Goods were fraudulently cleared from the Nigerian Ports Authority by Dr. Innocent Chukwuma and his accomplices. What GTBank heard from the Police: 1. Police investigations confirmed that Innoson and Dr. Innocent Chukwuma deliberately set out to defraud, steal from the Bank and convert the Imported Goods belonging to the Bank by deceptive means and through forgery and misrepresentation. The unlawful takeover of the Imported Goods, which served as the Bank’s collateral, left an indebtedness in excess of the sum of N1,654,481,895.04 (one billion, six hundred and fifty four million, four hundred and eighty one thousand, eight hundred and ninety five Naira, four Kobo) as at September 26, 2012. 2. Chief Innocent Chukwuma was arrested and interrogated by operatives of the EFCC, following which he agreed to make monthly payments into Innoson’s account until the full liquidation of Innoson’s indebtedness to the Bank. However, Innoson defaulted in making the agreed payments. Investigations by the Nigeria Police following a petition by the Bank in September 2013 also found Innoson and Chief Innocent Chukwuma culpable of the criminal allegations levied against them by the Bank, and Chief Innocent Chukwuma was accordingly charged to court by the Police. 3. The Police filed Charge No. FHC/L/565C/2015-Inspector General Of Police And Innoson Nigeria Limited; Innocent Chukwuma; Charles Chukwuma; Maximian Chukwura; Mitsui Osk Lines; Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to November 21, 2017 for arraignment/or hearing of motion for issuance of Bench Warrant. What GTBank says Innoson did: 1. Innoson approached the Bank for a reconciliation of his account and pleaded for a debt forgiveness. A reconciliation was carried out on the account – which had a debit balance of N1,654,481,895.04 as at December 31, 2011. In the spirit of amicable resolution and EFCC intervention, the Bank said it agreed to forego the sum of N559,374,072.09 which represented default charges that has accrued on the account and debited in line with the loan agreement between the customer and the Bank. 2. Based on this, the Bank decided to accept from the customer, the sum of N1,095,107,822.95 as full and final payment of the customer’s indebtedness to the Bank, provided that same shall be fully paid not later than (30) days from the date of the letter written to him 3. Surprisingly, Innoson commenced suit no:FHC/AWK/CS/2012 against the Bank at the Federal High Court, Awka stating the bank had debited its account with excess charges totalling N559,374,072.09 and obtained judgement in excess of N4.7Billion against the Bank. Again choosing to dishonour an agreement that was amicable reached between him and the Bank for a full and final settlement of N1,095,107,822.95 wherein the Bank graciously forgave him the sum of N559,374,072.09 which accrued on his account during the period which he abandoned his account. 4. To further stall the criminal proceedings against him, Chief Innocent Chukwuma and his company instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against The Inspector General of Police, The Nigeria Police Force and Investigating Officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against Innoson and Chief Innocent Chukwuma. Furthermore, in a bid to stall the Bank’s recovery steps, and distract the Bank from focusing on the criminal action, as well as civil actions filed for recovery of the debt, Chief Innocent Chukwuma and his company Innoson, have continued to institute various spurious suits before various courts, claiming frivolous and outrageous sums against the Bank. What EFCC is saying In a statement issued by the Head of Media and Publicity of the Economic and Financial Crimes Commission, Wilson Uwujaren, he said, “The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. “The business man who runs a local auto assembly plant was arrested on Tuesday, December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery. "The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.” Read more: https://www.naija.ng/1142081-efcc-sheds-light-innoson-boss-arrest-details-gtbankinnoson-transaction.html#1142081

Sprumbabafather:
What I think?

GTB is afraid of losing this case against Innoson at the supreme court like they already did in three courts before.

So they resorted to self help by reporting an infraction to the EFCC so as to gain an advantage over Innoson.

GTB should have submitted their findings to the courts and tendered the said forged documents to the courts as additional evidence. The courts will then be in a position to either decide the case against Innoson and punish him according to the law.

The unlawful arrest of a businessman over a case pending in court is a bad idea that will hurt GTB going forward.

There have been numerous sponsored social media campaigns against the Bank such as #BewareOfGTBank and #WhatIsWrongWithGTBank. The company has also gone Television, with its owner, Dr Innocent Chukwuma granting an interview to TVC, where he claimed he had obtained a judgement of N8bn against the bank. He added that the bank pleaded with him over their inability to pay, and that he graciously offered to accept shares of the bank as payment. GTBank on their part has chosen to remain silent on the matter, perhaps trusting in the integrity of the legal system as against playing to the gallery. A staff of the bank who spoke under anonymity, stated “Irrespective of the issues we are facing with the company, Innoson remains a customer of the bank and we owe him a duty of confidentiality and to conduct ourselves in a responsible manner towards him”. Below are a few bullet points gotten from the bank on the issue: The obvious: Innoson is, and still remains, a customer of GTBank. GTBank not behind Innocent Chukwuma’s arrest as EFCC states N1.4bn fraud and usage of forged documents to secure tax waivers as reason for arrest What GTBank claims: 1. GTBank (in 2009) granted Innoson several credit facilities (i.e loans) totalling N2,400,000,000,00 (two billion, four hundred million Naira only), to part finance working capital requirements, import new motorcycles and motorcycle spare parts, agricultural spare parts and plastic manufacturing equipment (“Imported Goods”). 2. Under the loan terms agreed by Chief Innocent Chukwuma on behalf of Innoson, proprietary interest in the Imported Goods was consigned exclusively in favour of the Bank. This means that the Bank was the exclusive owner of the Imported Goods. Accordingly, the original shipping documents (i.e. the Bills of Lading) were in the custody of the Bank, and have remained in the custody of the Bank at all times. 3. Because GTBank was the exclusive owner of the imported goods, ownership of the goods could only be transferred to Innoson (or any other third party) by the Bank. The condition in the agreement between the Bank and Innoson, for the release of the Imported Goods by the Bank to Innoson, was the payment of 25% of the value of each Letter of Credit transaction by Innoson. What GTBank wants the public to know: 1. Innocent Chukwuma approached the Bank, on behalf of Innoson, requesting the release of the shipping documents without payment of the agreed+ 25% equity. The Bank declined his request as a result of Innoson’s failure to meet the agreed conditions. 2. It came to the Bank’s knowledge sometime in June, 2011 that the Imported Goods for which the Bank declined to release shipping documents to Innoson in view of its failure to meet the agreed conditions, had been fraudulently procured by Innoson. 3. The Bank discovered that Innoson, under the control of Dr. Innocent Chukwuma had forged the Bank’s endorsement on the bills of lading to the Shipping Line and fraudulently cleared the Imported Goods which were in the name of the Bank. The Imported Goods, being property of the Bank should not have been cleared from the Port without the original shipping documents being endorsed by the Bank in favour of Innoson, or any third party. 4. The signatures of 4 (four) staff of the Bank, to wit, Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, as well as the Bank’s stamp were forged on all the shipping documents used by Innoson to fraudulently clear goods at the port. The Bank did not at any time endorse or transfer the shipping documents to Innoson, as the originals of each of the relevant Bill of Lading remain in the Bank’s custody to this very day. 5. When the Bank reported the matter to the Nigeria Police, Dr. Innocent Chukwuma claimed the Bank released the shipping documents to him. Consequently, the Police commenced investigation into the Bank’s complaint, including a forensic examination of the disputed signatures, and established that the signatures of the Bank’s staff were forged, and the Imported Goods were fraudulently cleared from the Nigerian Ports Authority by Dr. Innocent Chukwuma and his accomplices. What GTBank heard from the Police: 1. Police investigations confirmed that Innoson and Dr. Innocent Chukwuma deliberately set out to defraud, steal from the Bank and convert the Imported Goods belonging to the Bank by deceptive means and through forgery and misrepresentation. The unlawful takeover of the Imported Goods, which served as the Bank’s collateral, left an indebtedness in excess of the sum of N1,654,481,895.04 (one billion, six hundred and fifty four million, four hundred and eighty one thousand, eight hundred and ninety five Naira, four Kobo) as at September 26, 2012. 2. Chief Innocent Chukwuma was arrested and interrogated by operatives of the EFCC, following which he agreed to make monthly payments into Innoson’s account until the full liquidation of Innoson’s indebtedness to the Bank. However, Innoson defaulted in making the agreed payments. Investigations by the Nigeria Police following a petition by the Bank in September 2013 also found Innoson and Chief Innocent Chukwuma culpable of the criminal allegations levied against them by the Bank, and Chief Innocent Chukwuma was accordingly charged to court by the Police. 3. The Police filed Charge No. FHC/L/565C/2015-Inspector General Of Police And Innoson Nigeria Limited; Innocent Chukwuma; Charles Chukwuma; Maximian Chukwura; Mitsui Osk Lines; Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to November 21, 2017 for arraignment/or hearing of motion for issuance of Bench Warrant. What GTBank says Innoson did: 1. Innoson approached the Bank for a reconciliation of his account and pleaded for a debt forgiveness. A reconciliation was carried out on the account – which had a debit balance of N1,654,481,895.04 as at December 31, 2011. In the spirit of amicable resolution and EFCC intervention, the Bank said it agreed to forego the sum of N559,374,072.09 which represented default charges that has accrued on the account and debited in line with the loan agreement between the customer and the Bank. 2. Based on this, the Bank decided to accept from the customer, the sum of N1,095,107,822.95 as full and final payment of the customer’s indebtedness to the Bank, provided that same shall be fully paid not later than (30) days from the date of the letter written to him 3. Surprisingly, Innoson commenced suit no:FHC/AWK/CS/2012 against the Bank at the Federal High Court, Awka stating the bank had debited its account with excess charges totalling N559,374,072.09 and obtained judgement in excess of N4.7Billion against the Bank. Again choosing to dishonour an agreement that was amicable reached between him and the Bank for a full and final settlement of N1,095,107,822.95 wherein the Bank graciously forgave him the sum of N559,374,072.09 which accrued on his account during the period which he abandoned his account. 4. To further stall the criminal proceedings against him, Chief Innocent Chukwuma and his company instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against The Inspector General of Police, The Nigeria Police Force and Investigating Officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against Innoson and Chief Innocent Chukwuma. Furthermore, in a bid to stall the Bank’s recovery steps, and distract the Bank from focusing on the criminal action, as well as civil actions filed for recovery of the debt, Chief Innocent Chukwuma and his company Innoson, have continued to institute various spurious suits before various courts, claiming frivolous and outrageous sums against the Bank. What EFCC is saying In a statement issued by the Head of Media and Publicity of the Economic and Financial Crimes Commission, Wilson Uwujaren, he said, “The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. “The business man who runs a local auto assembly plant was arrested on Tuesday, December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery. "The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.” Read more: https://www.naija.ng/1142081-efcc-sheds-light-innoson-boss-arrest-details-gtbankinnoson-transaction.html#1142081

Recently, the Innoson/GTBank story has gained so much media prominence, especially following the arrest of the Innonson chairman a few days ago by EFCC. Though the case is pending in court, Innoson has taken the battle to social media. There have been numerous sponsored social media campaigns against the Bank such as #BewareOfGTBank and #WhatIsWrongWithGTBank. The company has also gone Television, with its owner, Dr Innocent Chukwuma granting an interview to TVC, where he claimed he had obtained a judgement of N8bn against the bank. He added that the bank pleaded with him over their inability to pay, and that he graciously offered to accept shares of the bank as payment. GTBank on their part has chosen to remain silent on the matter, perhaps trusting in the integrity of the legal system as against playing to the gallery. A staff of the bank who spoke under anonymity, stated “Irrespective of the issues we are facing with the company, Innoson remains a customer of the bank and we owe him a duty of confidentiality and to conduct ourselves in a responsible manner towards him”. Below are a few bullet points gotten from the bank on the issue: The obvious: Innoson is, and still remains, a customer of GTBank. GTBank not behind Innocent Chukwuma’s arrest as EFCC states N1.4bn fraud and usage of forged documents to secure tax waivers as reason for arrest What GTBank claims: 1. GTBank (in 2009) granted Innoson several credit facilities (i.e loans) totalling N2,400,000,000,00 (two billion, four hundred million Naira only), to part finance working capital requirements, import new motorcycles and motorcycle spare parts, agricultural spare parts and plastic manufacturing equipment (“Imported Goods”). 2. Under the loan terms agreed by Chief Innocent Chukwuma on behalf of Innoson, proprietary interest in the Imported Goods was consigned exclusively in favour of the Bank. This means that the Bank was the exclusive owner of the Imported Goods. Accordingly, the original shipping documents (i.e. the Bills of Lading) were in the custody of the Bank, and have remained in the custody of the Bank at all times. 3. Because GTBank was the exclusive owner of the imported goods, ownership of the goods could only be transferred to Innoson (or any other third party) by the Bank. The condition in the agreement between the Bank and Innoson, for the release of the Imported Goods by the Bank to Innoson, was the payment of 25% of the value of each Letter of Credit transaction by Innoson. What GTBank wants the public to know: 1. Innocent Chukwuma approached the Bank, on behalf of Innoson, requesting the release of the shipping documents without payment of the agreed+ 25% equity. The Bank declined his request as a result of Innoson’s failure to meet the agreed conditions. 2. It came to the Bank’s knowledge sometime in June, 2011 that the Imported Goods for which the Bank declined to release shipping documents to Innoson in view of its failure to meet the agreed conditions, had been fraudulently procured by Innoson. 3. The Bank discovered that Innoson, under the control of Dr. Innocent Chukwuma had forged the Bank’s endorsement on the bills of lading to the Shipping Line and fraudulently cleared the Imported Goods which were in the name of the Bank. The Imported Goods, being property of the Bank should not have been cleared from the Port without the original shipping documents being endorsed by the Bank in favour of Innoson, or any third party. 4. The signatures of 4 (four) staff of the Bank, to wit, Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, as well as the Bank’s stamp were forged on all the shipping documents used by Innoson to fraudulently clear goods at the port. The Bank did not at any time endorse or transfer the shipping documents to Innoson, as the originals of each of the relevant Bill of Lading remain in the Bank’s custody to this very day. 5. When the Bank reported the matter to the Nigeria Police, Dr. Innocent Chukwuma claimed the Bank released the shipping documents to him. Consequently, the Police commenced investigation into the Bank’s complaint, including a forensic examination of the disputed signatures, and established that the signatures of the Bank’s staff were forged, and the Imported Goods were fraudulently cleared from the Nigerian Ports Authority by Dr. Innocent Chukwuma and his accomplices. What GTBank heard from the Police: 1. Police investigations confirmed that Innoson and Dr. Innocent Chukwuma deliberately set out to defraud, steal from the Bank and convert the Imported Goods belonging to the Bank by deceptive means and through forgery and misrepresentation. The unlawful takeover of the Imported Goods, which served as the Bank’s collateral, left an indebtedness in excess of the sum of N1,654,481,895.04 (one billion, six hundred and fifty four million, four hundred and eighty one thousand, eight hundred and ninety five Naira, four Kobo) as at September 26, 2012. 2. Chief Innocent Chukwuma was arrested and interrogated by operatives of the EFCC, following which he agreed to make monthly payments into Innoson’s account until the full liquidation of Innoson’s indebtedness to the Bank. However, Innoson defaulted in making the agreed payments. Investigations by the Nigeria Police following a petition by the Bank in September 2013 also found Innoson and Chief Innocent Chukwuma culpable of the criminal allegations levied against them by the Bank, and Chief Innocent Chukwuma was accordingly charged to court by the Police. 3. The Police filed Charge No. FHC/L/565C/2015-Inspector General Of Police And Innoson Nigeria Limited; Innocent Chukwuma; Charles Chukwuma; Maximian Chukwura; Mitsui Osk Lines; Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to November 21, 2017 for arraignment/or hearing of motion for issuance of Bench Warrant. What GTBank says Innoson did: 1. Innoson approached the Bank for a reconciliation of his account and pleaded for a debt forgiveness. A reconciliation was carried out on the account – which had a debit balance of N1,654,481,895.04 as at December 31, 2011. In the spirit of amicable resolution and EFCC intervention, the Bank said it agreed to forego the sum of N559,374,072.09 which represented default charges that has accrued on the account and debited in line with the loan agreement between the customer and the Bank. 2. Based on this, the Bank decided to accept from the customer, the sum of N1,095,107,822.95 as full and final payment of the customer’s indebtedness to the Bank, provided that same shall be fully paid not later than (30) days from the date of the letter written to him 3. Surprisingly, Innoson commenced suit no:FHC/AWK/CS/2012 against the Bank at the Federal High Court, Awka stating the bank had debited its account with excess charges totalling N559,374,072.09 and obtained judgement in excess of N4.7Billion against the Bank. Again choosing to dishonour an agreement that was amicable reached between him and the Bank for a full and final settlement of N1,095,107,822.95 wherein the Bank graciously forgave him the sum of N559,374,072.09 which accrued on his account during the period which he abandoned his account. 4. To further stall the criminal proceedings against him, Chief Innocent Chukwuma and his company instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against The Inspector General of Police, The Nigeria Police Force and Investigating Officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against Innoson and Chief Innocent Chukwuma. Furthermore, in a bid to stall the Bank’s recovery steps, and distract the Bank from focusing on the criminal action, as well as civil actions filed for recovery of the debt, Chief Innocent Chukwuma and his company Innoson, have continued to institute various spurious suits before various courts, claiming frivolous and outrageous sums against the Bank. What EFCC is saying In a statement issued by the Head of Media and Publicity of the Economic and Financial Crimes Commission, Wilson Uwujaren, he said, “The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. “The business man who runs a local auto assembly plant was arrested on Tuesday, December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery. "The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.” What GTBank is not saying: 1. In responding to Innoson’s motion for a stay of criminal proceedings at the Court of Appeal, the Honourable Justice J.S Ikyegh on September 17,2017 dismissed the motion for being unmeritorious and ordered that proceeding in the criminal case against Innson should proceed. 2. On October 12, 2017, the Police through its Charge No. FHC/L/565C/2015- filed an application for the issuance of bench warrant against Innocent Chukwuma; Charles Chukwuma and Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to Decemeber 8, 2017 for arraignment/or hearing of motion. Read more: https://www.naija.ng/1142081-efcc-sheds-light-innoson-boss-arrest-details-gtbankinnoson-transaction.html#1142081

DerideGull:
How does act of borrowing money from bank translate into fraud? If man has borrowed money and refused to pay it back, it is a matter of Nigeria police and court syetm not the political arm of Muhammadu Buhari's government such as EFCC. I wonder if you have set feet in USA.

See your life. In the US, tax evasion is not only a crime, even the one who aids you to evade tax is a criminal, let alone borrowing and refusal to pay.

TheAngry1:
This is why I support Trump:

1. Muslims don't love America, but they throng there in droves.
2. Muslims hate Israel, and spite America for loving her, yet they throng America and claim its citizenship
3. Muslims will not accept in Saudi Arabia what we have accepted in Rome. There are more Mosques in Italy than churches, yet you would be killed for carrying the bible publicly in Saudi
4. Jerusalem is historically the City of God, the home of the Messiah, it is Christian Homeland (including Jews)
5. Whether or not Trump recognizes Jerusalem, Muslims would still hate America and the West, so what the heck?
6. If Muslims truly hate the West and their liberal values, why don't they immigrate to Iran, Turkey, Saudi Arabia and all the other Muslim nations? wetin una dey find for Kafir land sef?

#Istandwithtrump Shalom Jerusalem!

May God bless you

facelessangel:
The voice of Nigerdeltans
But the hand of Tinubu.

This are the the same people that betrayed your brother and pushed him out to
Install Buhari and Osibanjo administration.

This the same man you are layiing your life to defend.
Meanwhile Afenifere and Opc are keeping quiet so that the North will see them as good guys.

You see how Nigerian see you people and tonye Bankista or what ever he calls himself as pityable

This people will join Abokis to kill you. A FOOL AT 40 IS A FOOL FOR EVER
Ask yourself why their people have all lost their voice while the north persicute their brother? they will hide under another tribe to execute their agenda. The north will not see them as people challanging them.

Cowardice and treachery is in their blood

People like you make the North happy. Because the North don't want a united south.OBJ that brought NDDC is not from SS, Fanikayode that speaks from GEJ, even when Nnamdi Kanu rubbished him is a Yoruba man, Fayose that had night flight to witness Kanu's trial is a Yoruba man, and so on. Pls, think twice before posting.

Jlow2:
the one awolowo sowed when zik won him in the election of the old western region is what?its a pity what goes arnd comes arnd he died of rat poison, let me educate you that precedence was the genesis of nigeria s problems.

People like you make the North happy. Because the North don't want a united south.OBJ that brought NDDC is not from SS, Fanikayode that speaks from GEJ, even when Nnamdi Kanu rubbished him is a Yoruba man, Fayose that had night flight to witness Kanu's trial is a Yoruba man, and so on. Pls, think twice before posting.

Jlow2:
can yoruba say the same for a niger/deltan.

People like you make the North happy. Because the North don't want a united south.OBJ that brought NDDC is not from SS, Fanikayode that speaks from GEJ, even when Nnamdi Kanu rubbished him is a Yoruba man, Fayose that had night flight to witness Kanu's trial is a Yoruba man, and so on. Pls, think twice before posting.

ODUBEZE:
These herdmen are spreading very fast!

DSS will not see them oooook

When Fayose fought for Ekiti, you called him a jobless governor

[quote author=Edu3Again post=56239266]So wait oh.
A Nigerian pastor imprisoned a woman.
Is that man truly from God?

Also why is she in prison if she has not been sentenced?

Nigeria is turning into a genuine zoo, if it's not one already.

The Pastor that imprisoned her should hang his head in shame.
[/Do you know another ingredient of forgiveness? It is realisation of sin
And ability to ask for it (forgiveness) . Has she confessed that she cooked up the stories? Did she plead not guilty at the court? Was she threatening t pastor with more stories? Don't judge the man of God. To obtain forgiveness, the frontrunner is confessions.
Thank you ]

Roland17:
What moral justification do these pastors have to teach about forgiveness and being a christian?

Do you know another ingredient of forgiveness? It is realisation of sin
And ability to ask for it (forgiveness) . Has she confessed that she cooked up the stories? Did she plead not guilty at the court? Was she threatening t pastor with more stories? Don't judge the man of God. To obtain forgiveness, the frontrunner is confessions.
Thank you

[quote author=nku5 post=54142132]Nonsense. Apology when herdsmen that massacred people in Nimbo and other places are still walking free.

We still dont like APC in the South East Dazzol![/quote
But I am ashamed of all Ibos on this. Small time you go say Yorubas are more cautious when it comes to defending oneself. Shame!