₦airaland Forum

chigator2:
Why didn't his tribalism come up under the former management of the late CEO.

Let's learn to tell ourselves the truth sometimes. They had a business deal with whatever concessions or clauses in which the bank felt being in possession of his money gave them the upper hand.

Until they played out of luck.

Gbagura:
So igbos has been eyeing GTBank all along? They think GTBank is 2x2 shop they can easily takeover just like that, lol. Whosoever deceiving this illiterate igbo man that he's gonna take over almighty GTBank because of mere 32b needs to be locked up.


Not in this life will 'inonsense' near the board of GTBank let alone taking over.


He needs to answer his fraud case and stop playing the tribal cards.

Putindbutt:
They deducted their money he was owing them.

Putindbutt:
When he defaulted in paying back his loan, GTB deducted from his account as they would any defaulter.

Stop lying. This was a different case from the fraud case. Gtb was asked to refund the deductions made from his account for defaulting in payments. Meanwhile, Innoson has been running away from court to open his defense for forgery case. The court has even issued a warrant of arrest against him.

2018 warrant;
https://www.nairaland.com/4338645/court-issues-arrest-warrant-innoson
2019 warrant;
https://www.nairaland.com/5262564/court-issues-bench-warrant-arrest

kinibigdeal:
The forgery case had to do with GTB because GTB documents was forged. Go and read it. GTB will file for damages that will outwit whatever innoson is asking for. Out of court settlement might be the only resolution between the two

kinibigdeal:
https://punchng.com/innoson-chairmans-absence-stalls-forgery-case/



Why was he absent?

flokii:
Are you living in another planet?.. GTBank accused Innocent Chukwuma of falsehood and falsifying documents to defraud their bank.
What debt are you now talking about?

olatuns2017:
Omo ibo...

419 brain

DubaiLandLord1:
The two case is different.

In that of the illegal deduction in innoson account, GTB have been found guilty by the Supreme Court.

I don't know the latest about the forgery case

Krismas:
Dat 1% control the military, d police and funds. I am not telling u state election or local government. I say president. Its selection, not election. Wen the next president will be decided u will probably be sleeping in the night. Knowledge of this is important so dat one will not just be deceiving ones self

slowice:
You re correct... In other words gtb is using delay tactics on purpose. But still innoson got nothing to loose even if the payment delays for another 10 years as the initial debt was way smaller..... He is actually on massive profit right now

kinibigdeal:
Did he forge GTB document or not?

Ayemileto:
The money started from 550M.

It keep increasing with 22% interest.

When the Supreme court judged the case 2 years ago, it was 8Bn, but GTB refused to pay.

Now it's 32Bn.

It's only a matter of time before the initial money + Interest surpass what GTB can pay back.

Putindbutt:
He is liable to GTB in cash running into billions. What do you expect the bank do when a customer defaulted?.
GTB is not going to refund the deductions. Before they do, if at all, he has to win his forgery case in court first.

kelly72:
He has defeated them also on the forgery case. They thought thought they could use EFCC to lump the stealing from him and the forgery case together and obfuscate the whole thing. But the supreme court has separated the two and EFCC ran away because the forgery case is actually a ploy to lump all things together and deny stealing from him.

This big gamble has failed and GTBank is now on the precipice.

kinibigdeal:
Is it the Zik Awo defeated overnight. Zik was a failure

perambulator:
you dont seem to understand what I wrote. Every year they delay payment, Innoson is actually losing money or to put it another way he is losing wealth. I can almost guarantee you that 122m next year will not but what 100m can buy today.

kinibigdeal:
Is it the Zik Awo defeated overnight. Zik was a failure

Putindbutt:
Forgery is a different case. He took the bank to court on the case he was directly affected but refused to appear to defend his case where the bank was affected. He is cunning but not smart.

2018 warrant;
https://www.nairaland.com/4338645/court-issues-arrest-warrant-innoson
2019 warrant;
https://www.nairaland.com/5262564/court-issues-bench-warrant-arrest

DubaiLandLord1:
Can you show me a source that states Innoson have been cleared of the forgery case

kelly72:
So where is the judgment convicting Innoson for forgery? Why is your forgery case still being speculated whereas the supreme court has long found GTB guilty of stealing. Anyways, every agency and authority in Nigeria has abduty to enforce supreme court judgment. E go do una vam for eye.

slowice:
I clearly understand your point, just you not seeing the other angle to this

perambulator:
you dont seem to understand what I wrote. Every year they delay payment, Innoson is actually losing money or to put it another way he is losing wealth. I can almost guarantee you that 122m next year will not but what 100m can buy today.

AlexBells:
I have no doubt that Innoson can run the bank effectively, meanwhile na only 32 billion, if Davido finish fundraising we go know whether 2 billion go complete, once he add it to the 30 billion he already have, he can bail out GTB, as for the interest, Make Inno collect his main money first, otherwise, make Inno wait small.

kinibigdeal:
GTB still remain one of the formidable bank in Nigeria. Despite access bank acquiring of Diamond bank, they are yet to match GTB. Agbaje did a very good job at GTB. GTB actually opened the eyes of many banks in Nigeria

pipnator00:
Bro' stop this. I think everyone understands what you meant but it isn't applicable here. When you borrow from the bank, repayment is continuously re-adjusted based on inflation, currency value and all that - all through the tenure of the loan.

With the present value of the Naira, if the bank should pay back today, they are paying back many times more than what they would have paid if they payed earlier.


***Everyone is here chatting what they feel meanwhile Baba said he wouldn't be hounding the bank anymore for his money, until the debt is beyond there capacity. Then he will remind them who the last Don is!

And to those chatting fraud this fraud that, forgetting the same bank committed fraud by illegally deducting from his account, na when Innoson take over the bank, turn all there branches to warehouse for his vehicles, na that time eye go clear una.

***In the interest of the bank's sustainability, GTB should meet this man for some out of court settlement. The only reason they seem to be emerging strong over Innoson now is because our judiciary under this administration is somehow weakened, same as rule of law. Should someone like ... even Osinbajo (someone who understands and upholds the rule of law) becomes the president tomorrow, eye go clear GTB by then e go don late!

FreeStuffsNG:
Dear OP, the title of this post should be "How To Acquire A Bank By Fraud" by Innocent Chukwuka and Innosson Motors.

I know the true background of the story and how but for the smart way Agbaje moved quickly to save GTB, the bank would have been killed like Diamond Bank.

As we type here, Access Bank, Zenith Bank and AMCON are dragging ABC Orjiako,an Igbo man like Innocent Chukwuka, that their actions against ABC Orjiako even forced him to step down from being the Chairman of the Board of a company he co-founded but no one is playing the ethnic trump card. So why should he bring ethnicity or hate into this glaring case of fraud if he is innocent ? because his tribe enjoy immunity from prosecution for crime committed or what? Haba!
The case is in court. Real crime of forgery was committed and the perpetrators of the forgery including the company that cleared the goods, except this your 'mentor', has been jailed.

Let's watch how it pans out in the courts.
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perambulator:
what angle, please explain. All i can see is more Naira in future than cannot buy tommorow what it can buy today. Thats is wealth destruction!!!