₦airaland Forum

Op is right.

We owe him not more than 5% of our votes in 2019. It could have been zero(0).

I hope 'Igbo leaders' votes will make up the 50%. Igbos masses won't vote for him, and no leader can convince us otherwise.

Blue3k:

It's not illegal to carry canes last time I checked. I don't feel sorry for these stooges. They know these facts. They should ask for better.





Where are the police and military then?

Those are not cane. The right word is Cudgel.

cudgel
ˈkʌdʒ(ə)l/Submit
noun
1.
a short, thick stick used as a weapon.
synonyms: club, bludgeon, stick, truncheon, baton, blackthorn, mace, bat; More
verb
1.
beat with a cudgel.
"they would lie in wait and cudgel her to death"
synonyms: bludgeon, club, beat, batter, bash; More

... is now.

isalegan2:
No. Abiola was killed.

I don't believe Sanusi was ever an agent.

You can't be too sure. Could be deep undercover, unlike the rest.

Rocket Science!

Wondering what these agents are up to now?

We told these suffersticated clowns. But tribalism will not let them see beyond their nose.

Look at the epistle the op wrote in promotion of expired dullard!

All off the mark!

What took him so long?

shukuokukobambi:
You're the Braggarts who started claiming what you'll never attain or amount to in this zoo you once loved passionately when you had it all but now loathe when you backed the wrong horse but will start loving again if your atikulation succeeds in 2019.

It's a competition to you while to us, it's an opportunity to develop as fast as we can using the resources which Providence has cast our way

Godspeed then.

Tomorrow when he's not supported, he'll cry blue murder and shout tribalism. Now that he has support, I bet he's beating his chest and forming sophisticated.

Jaideyone:
what is this one saying? opinions like this will make people question your primary school certificate.
boko haram is an Islamic terror group not for any northern agenda. the northerners are the number one casualty of boko haram.

Niger Delta militants fought the government over the degradation of their environments without development and their fight wasn't targeted at any ethnic group.
NADECO was a fight for democracy. a fight against tyranny and injustice and annulment of a free and fair election.

how will a sane educated individual compare all the above to genocide instigating radio broadcasts and hate speech targeted at other ethnic groups for no just reason like IPOB did?

When I read from you, the only thing I sense is your fear, which you try to mask with hypocrisy. I just shake my head and soldier on. You can continue deceiving yourself. But Nigeria is in a state of flux, all the actors are playing different cards and attributing various reasons. Smart guys know to read between the lines.

shukuokukobambi:
So it wasn't really about one Phantom utopian biafra?

So what were you seeking? Considering all the posts, listed by the op that you've occupied in this same zoo you now loathe?

Why couldn't your dominance of the political space according to the op translate into 2nd Niger bridge or a seaport that you're now hating on yoruba? Were your leaders jazzed?

It's too early to claim victory in the middle of a match. Our people say, "Agbacha oso, a gua miles." After the race, we count the miles. At the present, no one has won in the Nigeria project/game, that's why there is distrust and fear among the players.

So in the end everyone does what promotes their interest.

Jaideyone:
thank you o. we are not the ones crying marginalisation all the time. when we felt marginalised (2011-2015) we protested with our vote during the next election like civilised individuals.

we didn't shout odua or death
we didn't insult other ethnic groups like ipob did
we didn't threaten to burn down the country

Everyone does what works for them.
Remember NADECO riots and protests. Don't forget militancy and kidnapping in the creek. Recall Boko Haram.

It appears the end justifies the means.

bakynes:
I have critically analysed the case and both parties are at fault.

GTB wrong with the percentage interest they didn't want to pay

Innoson wrong with forging documents.

But the way the Igbos are going about tribalizing this issue is very irritating. They are never blaming Innoson for forging signatures and documents but are facing EFCC and GTBank.

And where is it proven/show that Innoson forged document. You are believing those beer parlour gossip? If Innoson forged document, should GTB be closing their accounts and following through with court case?

Methink it's you yoruba people that are irritating with your hypocrisy and lies. And it's you yoruba people that are harping tribalism in this saga. Yea, that's exactly where the rest of your fingers are pointing. Blantant tribalist pointing fingers!

[s]

tsdarkside:
you cant win against a bank...thats resistance is futile.....who goes in a deal of 22% anyways....

thats why the muslims are ahead of you....they get it to dont demand more of what they lend you.....

if the ol nigeria become muslims,then you christians should blaim una selfs for that......

[/s]


I'll appreciate if you stop quoting, if all you do is post meaningless bigoted crap.

tsdarkside:
dont insult me..am neither yoruba or igbo....

Stop being a pathetic tribalist, no one care where you are from. If you are spewing nonsense on a public forum, for the sake of the gullible, you must be called to order.

tsdarkside:
a bank cant loose.....banks are good in keeping papers....its their job....

Still, I'll saying stop spewing nonsense. Get some education from people who have actually worked in a bank.

tsdarkside:
gtbank cant loose this matter...they have signatures on papers...

anybody that believe a bank can loose,is a fool......

thats why they are called banks........remember..??.....

Stop spewing nonsense. Anyone can lose a case in court. GTB has already lost twice.
Beside both companies are big in their own right.

Gotze1:
I have been reading different threads since innoson and gtbank issue. Seeing some people turning it into tribal issue. Some have even started the hashtag #boycottgtbank because of issue between two clients. But seeing some igbo peeps shouting that all igbos should boycott gtbank, isn't that emotional. Thinking if you decided to boycott, Gtb will lose and fold up. This is laughable. The last time I checked, gtbank not only has branches in Nigeria but in West African countries like Gambia, Ghana, Ivory Coast, Liberia, Sierra Leone, Rwanda, Uganda, Kenya as well as United Kingdom in Europe. So how will gtbank lose. If yorubas decided to boycott innoson because of emotions also boycott other goods you sell for people. Now, yorubas too are selling wears now, so what if yorubas decided to start buying from Yorubas instead of igbosthey use to buy from before. You will be the first person to shout. Think and think. Don't spoil innoson business with your hatred towards others, innoson is not tribalist like many of you. Use your brain before you are doomed. Leave both parties alone to resolve their issues. They are clients to each other. Thanks

I agree this is a business transaction between two company gone awry. They should resolve their differences amicably or through the court. It shouldn't reduce to Yoruba versus Igbo as that will not augur well for all parties - both Yoruba, Igbo, and Nigeria.

bakynes:
Innoson is a tribalist like many of the Igbos on Nairaland,if not why is his wife playing the tribal card with EFCC.

EFCC have arrested people of all tribes but none of them have tribalized the issue like the Igbos.

Forget about tribe for a moment. Does an EFCC operative has the right to slap someone (even if the person resist arrest) ? Is that their code of conduct?

So let me get this straight.

1. Innoson knew the names, and signature of all the key officers responsible for signing off, and he forged them?
2. Innoson knew the types of stamps required and he forged them
3. If Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu are not the bank, pray who is the bank? The building?
3. We don't know when these forgeries was first noticed?
4. So the bank obtained custody of the goods in 2009, and only realized in 2011 that they goods are no longer in their custody? Are they telling this to the Marines?
5. So when they discovered that Innoson was a 'fraud' and 'thief' why did they not sue him and close his account immediately? They enjoy doing business with known 'frauds'?
6. How come the Debt of N2.4B suddenly reduced to N1.6B ? Were we not told Innoson was not servicing the debt, the reason for not releasing the goods?
7. Then suddenly, the unserviced debt (of 2.4B) miraculously became N1.09B, after GTB 'generously' accepted to write off another N0.5 B from it?

Guy, this story is hog-wash. There is more to it than meet the eyes.

If she was slapped, she should sue them for assault and battery, and allied charges.

Alexis11:
Innoson EFCC arrest and the GTB Loan: The facts behind the saga, By James Osaremen


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. Many attempts by us to get the bank’s representatives to comment on the story has proven abortive. 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”. This statement didn’t stop us from conducting our own investigations on the matter, and below are our findings, put in bullet points for your optimum understanding.

The obvious:

Innoson is, and still remains, a customer of GTBank.

What we discovered:

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 Dr. 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 we learnt:

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 we 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 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 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.

What we think:

Innoson should stop trying to play the underdog and simply resolve his issues through legal means or arbitration. On Innoson playing the Igbo tribe card, this is not in good taste in this moment in history. We are aware of GTBank’s strong position on unpaid debts. We know GTBank has gone often several debtors of the bank irrespective of who they are or where they come from. So why is Innoson’s matter now tribal? Please, this makes no sense. Innoson and GTBank, resolve your issues privately and let us all hear word.

Merry Christmas my people
James Osaremen
Lagos

https://www.premiumtimesng.com/promoted/253089-innoson-efcc-arrest-gtb-loan-facts-behind-saga-james-osaremen.html


Lalasticlala
Ishilove

So let me get this straight.

1. Innoson knew the names, and signature of all the key officers responsible for signing off, and he forged them?
2. Innoson knew the types of stamps required and he forged them
3. If Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu are not the bank, pray who is the bank? The building?
3. We don't know when these forgeries was first noticed?
4. So the bank obtained custody of the goods in 2009, and only realized in 2011 that they goods are no longer in their custody? Are they telling this to the Marines?
5. So when they discovered that Innoson was a 'fraud' and 'thief' why did they not sue him and close his account immediately? They enjoy doing business with known 'frauds'?
6. How come the Debt of N2.4B suddenly reduced to N1.6B ? Were we not told Innoson was not servicing the debt, the reason for not releasing the goods?
7. Then suddenly, the unserviced debt (of 2.4B) miraculously became N1.09B, after GTB 'generously' accepted to write off another N0.5 B from it?

Guy, this story is hog-wash. There is more to it than meet the eyes.

@Topic,

87 people enter Lagos per hour on daily basis, right? The question is how many leave?

Without answer the impression is skewed.

Nice one Op,
My personal preference is Charles Soludo. He's a man with solutions.

I wonder what Lalasticalala will make of it since there is no snake on board. Or is madam Oby same as snake in the monkey shadows?

Insightful.

fergie001:
This is beer parlour gossip.

I do not think Tinubu will be a VP candidate,
He might just be given freer access,and of course he will want to cut a better deal,that's all.

Whatever he could get during Buhari first term, he should dream in getting it in second term. Except he enjoys wet dreams.

id911:
A chick that will grow into a cock is spotted the very day it hatches- Atiku's antecedents in comparison to Buhari's is very clear to discerning minds

Surely Atiku is better than Buhari, heck even a goat as President won't do worse than Buhari. If we use Buhari as standard for measuring our leaders, then how low do we intend to drop the bar?

Is there no one else better than these two?

I smell money laundering ...

Another round of expensive talk show


How about enforcing existing laws?

No Trespassing
Arresting anyone with unlicensed arm
Engaging armed combatants with police/paramilitary
Unraveling sponsors
Investigating, arresting, and prosecuting murderers, and arsonist!
Ranching away the root cause of the conflict

You don't need plenty talk Mr Osibanjo. Let's law enforcement agencies to their job professionally.

oooduancalmdown:
My older monicker can testify to that

I know nothing of your older monika.