₦airaland Forum

*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 ?

Complied by Ikechukwu Emeka Onyia ©2017

Seun:
I apologize for this. I have instructed lalasticlala not to post topics using such crass titles many times. We are supposed to be a feminist forum.

I think you need more supermods besides him. There is a high tendency to be biased if all topics are from one person's perspective. I rarely drop comments here anymore because of the amount of loose canons we have here.
So much hatred....

masam:
can i have ur contact no for d fridge pls

It just got sold!!!!

Haier Thermocool deep freezer for sale in Ajah area of Lagos. Working perfectly.
Selling because its too big for my new kitchen.
Price: N60k

SOLD!!!!!

230k?

...

...

Closed

...

remedy16ak:
@nm27. There is nothing wrong in checking your partner phone, except you or your partner have a hiden agender. Pls is there anything secrets or privacy between husban and wife?

Nothing wrong in this. I and my husband use each others phone. He can even go out with mine. What's there to hide?

Taught me patience. Taught me my trade as well

..

..

My wall is damp and wet due to the rain. Its now bringing out greenish stains which i totally hate. Can you wallpapers cover it up? Since there's moisture on the wall, wont it peel off?

Also, how much is your wallpaper for kiddies room?

It is well

rushino:
hello,
first of all, calm down, just as Rhukie said

My suggestions
is to get an exercise book and write down all you need to do
and priortise them so write them in order of how soon u need to sort it out!
e.g. week beginning the 15th, this is what I need to do etc. Take one step at a time..but quickly due to time limitation

1.for now, you need to
contact wedding officials: registry, church or mosque of wedding date and ensure its been accepted and book a hall asap. also ur wedding dress; visit for some lovely dresses www.blandyplandy.com/bridals . these 3 asap!

2. then follow ur list and tick as u go along
in addition to what rhukie said: hair, drinks, cake, decoration, bridal train outfit n d couple's,souvenir (?), programme, manicure and pedicure

3. start meeting with vendors and comparing now!. do you want suggestions of vendors to contact? by a moth b4 the wedding, latest u shuld know all d vendors u will use and should have booked them down

4. because its so near, I suggest u get someone to join u in planning, sister, bestfriend etc. or get a planner. if getting others to help, you can do division of labour, e.g let someone else handle the asoebi n co.. to relieve you of stress

Wow. Thanks. I did a list of 'To Dos" but I didn't arrange them in order of preference. I'll re-write them now. Thankssssss!

HOG18:
I agree with Rhukie on this, you have to draft a checklist. To make it easier for you, I could send you a wedding checklist so all you will do is tick as you go along.

Pls do. It'll help a whole lot. Can you mail it to...

Rhukie:
the first thing iwill suggest is for you to calm down and don't over think about it. Secondly, write down all the things you think you will need in place for it to be a memorable day, this might take a few days to have a comprehensive list but it will help you at the long run.

from the list you can start Making contacts and decisions. I have 3 months to plan my wedding and now I have a month till the d-day but I can say I am ready.

Happy planning

Really?? We'll both start making decisions now. I'll use this weekend to draft my to-do list. I have no idea what and what to even do.

Hello people, I really really really need help. My wedding was shifted from August back to May and I feel like I won't be able to make it. I have just 2months + to plan. Can I make it? The only thing I've picked is wedding color (fuschia pink, radiant orchid and gold) and bridal train. I'm so confused. Feels like my head's about to explode

Neat!

Just saw this same car on olx and the seller claimed its in edo state, benin. I hope there's no scam here?

Negotiable?

I'm the lady who just called. See you tomorrow

Your number is not reachable. Sent a text. I'm paying the 400k

I want this badly. Will pay cash. Calling you right away

ebymy:
Owner is contemplating raising the rent to 600k per year so that you will be sure that nothing is wrong anywhere .

Hmmm, I hear o. Will send your number to someone who needs this. If this is a scam, I'll find you and break your head

400k for a 3 bedroom flat in this compound? Something must be wrong somewhere with the house for it to be rented at that amount

Do you have any self contain inside Unity Estate or Corporative Villa?

Do you have a self contain within Badore? Preferably inside unity estate or corporative.

Why should we know these things about her?