₦airaland Forum

Is a come back, more to come

Common sense

Good one

Ok

Confuse people, playing politics.

We do hear, it will, it shall
Lets see when this will be functional

This pastor sef
Why is he wearing all red


RIP to the dead, glory to God for the living

Apple making leading

The evil that men do...

EliteBiz:
86m? Na we dey suffer oursef in this country
365 days make a year so..... Lets assume the president cuts his hair everyday.......

5,000×365
= 1,825,000

10,000×365
= 3,650,000

80,000×365
= 29,200,000

200,000×365
= 73,000,000.........

I can't continue, I just hope this is a joke, if not, Nigeria is High on marijuana, Our Politicians are classy armed robbers

And the stealing continues, kwaraption fighting

Well said

We simply don't value the essentials things.

Religion and tribalistic sentiments have blocked the sense of reasoning of majority of the people.

Banmeallday:
A Typical dumb Igbo man running away from his own shadow. They will deal with all of una one by one until to support your people’s interest.

It's not just Igbo man, it sweeps across the nation. No country ever progress like that.

Check successful nations and you'll know better

We like pulling down our own and then go and pay heavily for another man's own

Shithole nation

oooppp2:
I hope igbos withdraw their money from gtb en mass they dont mean well for us

That won't solve any problems, its not because its GTB almost all the banks will do same. They don't believe that they can owe or pay an individual that amount.

Well what do I know, let the Judiciary examine and judge rightly

An Open Letter To President Muhammadu Buhari GCFR On The Abuse Of Court Process By The Economic And Financial Crimes Commission On Chief Dr Innocent Chukwuma OFR As Instigated And Sponsored By Guaranty Trust Bank Plc

Having just a few minutes ago sworn on the Holy Book, I intend to keep my oath and serve as President to all Nigerians. I belong to everybody and I belong to nobody. President Muhammadu Buhari GCFR
I, Chief Dr. Innocent Chukwuma OFR, is the Chairman of IVM Innoson Group with member companies such as Innoson Vehicle Manufacturing Company Limited- Africa’s 1st indigenous vehicle manufacturing company; Innoson Nigeria Ltd- The first indigenous Motorcycle Assembly Company in Nigeria; General Tyres and Tubes- the only surviving tyre manufacturing plant in Nigeria; Innoson Technical and Industrial Company Ltd- The largest plastic manufacturing plant in West Africa.
I am also the Chancellor of Imo State University and a Centenary Awardee who was bestowed with the prestigious honor of the Officer of the Federal Republic of Nigeria (OFR).

IVM Innoson Group has over 10,000 indirect workers and over 7,300 direct employees who apart from earning their living through the parent and subsidiary companies pay income taxes to the government.
Innoson Vehicle Manufacturing Company Limited has assisted the Nigerian Airforce in fighting Boko Haram by supporting its fighter jets with fabrication of needed spare parts. Innoson Vehicle Manufacturing Company Limited is also in technical partnership with the Nigerian Army.

My Companies and I, particularly Innoson Nigeria Ltd., had been good customers of Guaranty Trust Bank Plc (GTB). Prior to the sad events that cumulated in the face-off between us, Innoson Nigeria Limited secured a monetary judgment of N2, 048, 737, 443.67 (Two Billion, Forty Eight Million, Seven Hundred and Thirty Seven Kobo) against GTB, from the Federal High Court Ibadan Division and subsequently at the Court of Appeal, Ibadan Division in Appeal NO. CA/1/258/2011 on the 6th day of February 2014.

My Company also had another monetary judgment of the Court of Appeal Enugu Division dated on the 9th of December, 2014 in its favour in Appeal No. CA/E/288/2013 against GTB, in the sum of N 5,936,126,219.01(Five Billion, Nine Hundred and Thirty-Six Million, One Hundred and Twenty Six Thousand, Two Hundred and Nineteen Naira, One Kobo) with 22% interest till the liquidation of the judgment debt. As at today, GTB owes me over N22 Billion. Subsequent to the two said judgments of the Court of Appeal, the GTB had tried in futility to negotiate the judgment sums ridiculously downwards.

GTB had earlier in one of its affidavits at the Court of Appeal Enugu Division deposed to the fact that if it pays the judgment debts, it will face serious liquidity deficiency which will adversely affect its banking operations.
Consequent upon the failure of GTB to achieve a comfortable and downward negotiated figure with my company in respect of the two judgment debts, it colluded with some corrupt men and officers of the Nigerian Police Force, to contrive a false criminal charge of forgery against me and my company. Also in a bid to arm-twist, blackmail and compel me to forego and drop the two judgments and another fresh claim of thirty billion Naira against it, GTB corruptly and in a sudden twist, colluded with The Economic and Financial Crimes Commission- EFCC and concocted a false complaint of forgery of about two bills of lading against me.
It is noteworthy that in all the civil cases whose facts are closely connected to the alleged forged bills of lading, and which gave rise to one of the judgments at the trial courts, and even up to the Court of Appeal, GTB did not at any time raise the issue of forgery as a defence to the action in any of the courts that adjudicated the case.

Mr. President, It is interesting to state that upon the receipt of GTB’s petition EFCC commenced a full investigation into the allegations of forgery against me. Upon the conclusion of its investigation, both in its interim and final report the EFCC, never indicted me, or established any prima facie case of fraud or forgery or any other offence against me, but rather stated that it had reconciled my account with GTB and recommended that I should pay a certain amount of money to GTB being what is outstanding after it had deducted five hundred and sixty million Naira (N560,000,000:00) being excess and unlawful charges that GTB took from my account.
I rejected EFCC’s request and commenced two suits – suit Nos FHC/AWK/CS/138/2012 and FHC/AWK/CS/139/2012 against both EFCC and GTB at the Federal High Court, Awka Division. In its counter affidavit of 2nd August 2012 in suit No FHC/AWK/CS/138/2012, EFCC deposed, particularly at paragraph 15, that upon further investigation, it could not confirm GTB’s allegation against me. In suit No FHC/AWK/CS/139/2012, which is on GTB’s excess, unlawful and illegal charges on my account, the court rendered a judgment of over 4.7 billion Naira in my favour against GTB.

EFCC felt slighted and angered by my refusal to accept its reconciliation contained in its letter of 20th September 2012 and, coupled with GTB’s prompting and instigation, EFCC filed Charge No. ID/197C/2013 against me and my company at the Lagos State High Court, Ikeja. Later, in 2014, the charge was struck out. I appealed against the striking out order at the Court of Appeal Lagos Division on the basis that the charge ought to be dismissed and as well filed a motion on notice at the Court of Appeal, Lagos Division praying among others that EFCC be restrained from filing a further charge in respect of the same subject matter until determination of the appeal –Appeal Nos: CA/L/1328CM/17, CA/L/1329CM/17 & CA/L/1330CM/17.

Subsequently, in 2015, GTB instigated The Nigerian Police to charge me to court. The Nigerian Police filed Charge No. FHC/L/565c/2015 at the Federal High Court Lagos Division. Later, the Nigerian Police on seeing that the charge is a trumped up, withdrew the charge from the court.

However, GTB characteristically got the then Director of Public Prosecution of the Federal Republic of Nigeria – Mr. Diri – to claim to have taken over the Charge/case using the name of the Attorney General of the Federation. This charge is till date pending at the Federal High Court Lagos Division and some of the issues arising from it are till date, pending at both the Court of Appeal and the Supreme Court.

While Charge No. FHC/L/565c/2015 is still pending and subsisting, GTB went back again to EFCC and instigated EFCC to illegally arrest me at my residence on Dec 19th, 2017. This led to a huge outcry from well-meaning Nigerians condemning the Illegal arrest.
To justify its action, EFCC filed Charge NO: ID/6696c/2017 at Lagos State High Court Ikeja on the same subject matter, issue, transactions and parties as Charge No. FHC/L/565c/2015 pending at the Federal High Court, Lagos Division and as well the same with the appeal pending at the Court of Appeal Lagos Division. All these parallel charges are till today still pending against me.

Mr. President, I do not know why EFCC allowed itself to be used by GTBank to abuse court process in a matter it had earlier investigated without mentioning of fraud or forgery in its various reports order than that both parties have refunds to make to each other; and for which it has deposed in a counter affidavit in suit no. FHC/AWK/CS/138/2012 that it cannot confirm GTB’s allegation against me. EFCC as a Federal Government Agency is supposed to be unbiased in resolving the dispute between Innoson and GTB, but its actions indicated it is doing the bidding of GTB.
I believe that the pending trumped-up criminal case against me and Innoson Nigeria Limited will fail for lack of merit but it has the effect of discouraging my Foreign Partners and prospective Foreign Investors whom I have attracted to Nigeria from doing business with me and or investing in Nigeria anymore with its concomitant effect of loss of job creation and job opportunities. This is what the GTbank wants to achieve in order to compel us to negotiate the judgment sum downwards with it to a ridiculous amount or if possible have me killed if by any chance I am remanded in prison by any court. Mr. President, we have refused to yield to such a cheap blackmail and consequently run to you for a prompt Presidential and Fatherly intervention.

In the circumstance, I humbly request that Mr. President directs that the Honourable Attorney-General take over the case and continue or discontinue it based on its merit.
I shall appear in any court or any investigative panel to answer any questions or charges relating to the allegation particularly in a court in which there is due process, compliance with rule of law, fair hearing and the charge did not constitute an abuse of process. Holding faith in your promise that you shall serve as President to all Nigerians and to belong to everybody and belong to nobody, I believe for your prompt intervention on my request.
Thank you, Sir, for your anticipated and esteemed consideration.


Yours Faithfully
Chief Dr. Innocent Chukwuma. OFR
Chairman/CEO
IVM Innoson Group

https://www.premiumtimesng.com/promoted/266730-266730.html

God help you

Attention seekers everywhere (smh4u), am sure u'll get all the attention you want.

We all know the world is advancing fast and daily like its in a competition. But nonetheless, living healthy and right is a great concern for all.


Everything is easy if you believe. Thus, get your mind set aright while you;

1. EAT healthy food daily in the right proportion and remember that too much of everything is bad therefore eat right.

2. EXERCISE the body at least three to four times daily. Your body isn't a wood nor iron, thus, the need for exercise.

3. REST daily. Machines and engines do rest else they malfunction. If you want a good mental health rest is a must do.

I wish you good life.

End time bank

Very soon they'll publish billions as profit

Kassidy90:
That's not 9ja...always read d article before u comment..don't be a lazy youth...

Try to read meaning before commenting

That court environment is clean and kind of beauty compared to what is here in naija

So FG dey collect tithe too for money transfer

9.4%
An yet they'll show nothing for it
Yet will label you #Lazy

God help us in this sh*thole cantry

Good move

Other southern states should emulate this. It's how cattle rearing should be done.

Anti grazing law loading...

sarrki:
Truly Goodluck is not as bad as tainted

He did his Best

Our constitution is the problem

Hes a patriot

Indeed

Any they don't have fire service men in Govt house
smh

please I also need help unlocking my etisalat mifi ZTE modem Model:MF83M
IME:862774027542916

thanks

please I also need help unlocking etisalat modem Model:MF83M
IME:862774027542916

thanks

Now that's thoughtful

Innoson group Vs GTBank : 30 Key Points you need to know about their dispute :

1 - 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 N10billion based on 22% interest rate against GTBank .

Questions for EFCC :

(i) Now where is the EFCC coming from in all these ?

(ii) Does EFCC actually understand their duties here ?

(iii) Is EFCC by their action not sabotaging Nigerian economy ?

(iv) If EFCC should to arrest any of the parties , shouldn't GTBank who dubiously deducted Innoson money from his account and have debt of about N8billion to pay Innoson that they should arrest ?

bencynthgreat:
For the first time I saw our politicians with innoson vehicle (a hummer bus and a G wagon type of car) in owerri. And to all u saying one trash or d other. try produce common sachet water by ursef then come back and talk then I can take u serious. Foul mouthed fellows that can't even package ordinary garri in a decent package.

Thank you
Don't mind afonjas

Nice designs