Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,382 members, 7,846,618 topics. Date: Friday, 31 May 2024 at 07:25 PM

Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute (46111 Views)

Innoson Group Vs Gtbank : 30 Key Points You Need To Know About Their Dispute / Innoson Vs Gtbank: 40 Key Points From Gtbank's Version Of What Caused Dispute / Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by horsepower101: 11:37am On Dec 20, 2017
Uchihaitaci:


Before i start please note i am Igbo.

Please Biafra is who's last hope? are you an orphan? or a mentally challenged individual? Which rubbish Biafra? is it the fraud of an idea that thief Nnamdi Kanu was peddling?
I can understand why the Late Ojukwu started Biafra then, as there was a clear and credible threat of genocide and mass murder against us but what i s the ideology behind the rubbish Nnamdi kanu was preaching for?

A south eats where you cannot even call Okorocha to order? A south east where a governor named his sister minister for happiness? and yet everyone kept quiet?

Seriously?

You want me to support a nation ca;led Biafra where governors like Okorocha will be the leader? Apart from Willie Obiano name one governor in the south east who has shown integrity, accountability and vision?
and you want to form a country with these leaders? so tomorrow they will form ministry of dildos or ministry of sexual fantasies?

My late dad always said if you cant manage $10 you ca not then magically manage $1000 either.

If we as a major ethnic group cannot manage the currently independently governed states and hold their governors accountable is it a whole region made up of all the states called biafra we will manage?

Or does the name BIAFRA suddenly make everything okay?

If biafra is your last hope my dear you might a well commit suicide


You live in a system that is making life difficult for your people to do business and generate wealth yet you choose to blame the victims. Are you dumb to see that so many things we are going through in Nigeria won't ever happen in a country of our own?

2 Likes 1 Share

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by babadee1(m): 11:37am On Dec 20, 2017
If GTBank is not careful they will go under as a result of this case. I've never liked that bank and I've never wanted to bank with them. They better go and settle this matter with Innoson amicably.

1 Like

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Awoo88: 11:37am On Dec 20, 2017
ProWalker:


By the time he start to mention those politicians that helped him to secure waivers to clear consignments without ORIGINAL FINAL SHIPPING documents that is still in possession of GTB, many politicians will go to jail.

The question is Who is the designated CONSIGNEE on the Bill of Lading?

8 billion ko, 800 billion ni grin grin
You all can see that GTB has maintained a very dignified silence, let Innoson keep pushing out his own narratives.
In the face of court records, GTB have nothing to say except look for another allegation to hung on him.
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Nobody: 11:37am On Dec 20, 2017
ProWalker:


That is enough fact to knock off your argument. Almost all of you have been harping on tribal sentiments as against business sentiments.
What do you mean by Igbo Traders if not tribalism?

You didn't read well. What I know and sure of.
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Okoyeeboz: 11:38am On Dec 20, 2017
ebby9z:
If this was true, then GTB needs some serious staff overhaul. From the auditing guys to accounting then to their legal team. How did they overcharge Innoson in the first place. See where greed landed them. Instead if paying the money when it was still reasonable, they resorted to protracted legal cases and now the money has doubled. Only cbn can resolve this issue else it's adios gtb

Their legal team needs complete restructuring.
Imcompetent mofos.

On the other hand, I won't be surprised if GTB's lawyers have cut an underhand deal with Innoson. They deliberately muddle up the case so that Innoson wins big. Thereafter, Innoson pays them an agreed percentage of the judgment sum.

In GTB, employees do stuff like this and the directors are held liable with the bank paying. It's part of the useless runs they do there, all scheming on how to steal the bank blind.

1 Like

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by byemx06(m): 11:39am On Dec 20, 2017
Kingsley1000:
BIAFRA IS OUR LAST HOPE...for those campaigning for atikuchukwu,thunder fire you

don't come online and shout biafraa, man up and take necessary action,mobilise ur people I pray u get what you want...............when the protest was tense self people like you no go join na to shout online dy form one kind boss


pls biko go get ur biafraa abeg no waste innocent people life
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by ifeoluwa122: 11:39am On Dec 20, 2017
Very interesting lawyers are smiling
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Olowola2: 11:40am On Dec 20, 2017
I think this d best time £o~ u pples dat got money with dem to go and withdraw your money because dey w soon go bankruptcies
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by ProWalker: 11:40am On Dec 20, 2017
onatisi:

leave politics out of this issue
the guy has won all cases so far from high court to the appeal court

how he got his waivers isnt any concern of gtb and they themselves will be too stupid to even start going into that , the issue on ground is the excess charges on his account and that is what the court is looking at and giving judgement upon

the issue of consignments is that of customs , even gtb themselves have admitted but the bone of contention is the percentage of interest he wants on the money deducted , he wants 22% while gtb is offering 7%

I will rather talk about those issues when and if GTB decides to break their loud silence. What is known so far is that he claimed to have secured waivers on payment of duty (economic sabotage that EFCC is taking him on)

The question is on what basis did he secure waiver on duty payable on CDK of motorcycles?
Did they use the applicable HS code for the duty payable?


Wait and see where this lead to
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by DaBillionnaire: 11:42am On Dec 20, 2017
CaptainJeffry:
Now I can boldly say that GTBank is at fault here. Rather than beg Innoson for a soft landing, they resort to evil ways to avoid paying their debts.

I'm gonna take back my assets from them because of this.


you sound like a billionaire too, can i get some millions? cool cool
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Okoyeeboz: 11:42am On Dec 20, 2017
ProWalker:


I will rather talk about those issues when and if GTB decides to break their loud silence. What is known so far is that he claimed to have secured waivers on payment of duty (economic sabotage that EFCC is taking him on)

The question is on what basis did he secure waiver on duty payable on CDK of motorcycles?
Did they used the applicable HS code for the duty payable?


Wait and see where this lead to

The questions in bold cannot be answered by the touts making noise. They're comparing Innoson to Dangote, they'll soon see where it would land them.

2 Likes

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by slowice(m): 11:42am On Dec 20, 2017
If Nigerian banks haven't illegally deducted from your account before then you ve no bank account... No matter the amount you ve in their bank they ll steal a little. Pos is another way through which they steal from customers. Many people ve lost good amounts in transit through banks and they could not account for or repay the customer rather they ll look for a way to blame the customer.
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Nobody: 11:44am On Dec 20, 2017
African dullardry circulating as usual

1 Like

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Nobody: 11:44am On Dec 20, 2017
horsepower101:


You live in a system that is making life difficult for your people to do business and generate wealth yet you choose to blame the victims. Are you dumb to see that so many things we are going through in Nigeria won't ever happen in a country of our own?

Oga shut up!!! Which region besides the Hausa's does this government favor? Yet i dont see their region being a Dubai? Oga we as a tribe have to finally embrace intelligence and shun mediocrity !!!!

We need to shun blabbing, boasting, and crying about the civil-war!!! The Jews we lay allegiance too suffered a Holocaust! They didn't sit wailing they built a nation from the ashes and run the worlds economies with one mind and voice!

Stop waiting for Nigeria, yorubas and hausas to one day say sorry o, we agree we betrayed you, we agree we marginalized you, that will never happen. Igbos need to wake up, and start thinking globally and stop thinking locally!!!

We need to move on past the post civil war sickness, it has gone!! we were given 10 shillings yes, we built up from it yes, what next? we need to start making our region a destination for investors and less hostile to investors!

Case in point: Ogun state

4 Likes 1 Share

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by snipesdam(m): 11:44am On Dec 20, 2017
bakynes:
I have never in my life heard a case where a complainant will win in court and the court asked the defendant to pay compensation and the defendant will use police to arrest the complainant.

The man is not telling us the full gist, he must have forged some documents that he presented at the court.

We still need to hear from GTB.

How could he have forged document when a private auditor and GTB auditor both audited his account and found excess charges..
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by InvertedHammer: 11:45am On Dec 20, 2017
/
Any monkey can get an ex-parte order. A plaintiff files a petition, the judge reads it and appends a signature. Then it becomes a court order albeit temporary. The plaintiff and defendant will eventually have their days in court.

In other words, one can sue anyone he/she chooses and give a judge some money to sign an order without the accused knowing it. That's ex-parte order. A date will be scheduled for the accuser to prove his/her case in court. Mostly, ex-parte orders are vacated because most accusers cannot prove their cases. And in a corrupt country like Nigeria, it is the easiest tool for vendetta.

It is just a game. GTB can run around for so long before they will be forced to pay.
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by onatisi(m): 11:50am On Dec 20, 2017
ProWalker:


I will rather talk about those issues when and if GTB decides to break their loud silence. What is known so far is that he claimed to have secured waivers on payment of duty (economic sabotage that EFCC is taking him on)

The question is on what basis did he secure waiver on duty payable on CDK of motorcycles?
Did they used the applicable HS code for the duty payable?


Wait and see where this lead to

you are off the block ,
read through the article , none is making the claims you are making
the issue you are raising is left for the police and customs to investigate
and if gtb is in poession of such vital evidence and have kept quiet till now then that makes them an accessory to the crime
becasue they failed to report a financial crime and supported it by still granting him loans and overdraft, infact gtb will be so dumb to raise that issue
what the court will simply ask them is, why has it taken them so long to report to the appropriate authorities
the issue on ground in the article is the loan facility granted to innoson and the excess charges gtb made WHICH GTB THEMSELVES HAVE ACCEPTED TO BE TRUE
from 800million , gtb brought the figure down to 550million but he is saying the say interest he has been paying on his loan is the same interest gtb should pay for all the months they have been deducting
which the federal high court agrees with likewise the appeal court, now the case is at the supreme court and judgement will be given most likely early next year .
gtb will eventually have to settle out of court because whether they like it or not , they will most likely be compelled by the supreme court to pay and if they don't , then there will be serious problems for them .
dont be surprised that this government may decide to favor innoson so as not to be seen as been anti ibo

8 Likes 3 Shares

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by onatisi(m): 11:52am On Dec 20, 2017
InvertedHammer:
/
Any monkey can get an ex-parte order. A plaintiff files a petition, the judge reads it and appends a signature. Then it becomes a court order albeit temporary. The plaintiff and defendant will eventually have their days in court.

In other words, one can sue anyone he/she chooses and give a judge some money to sign an order without the accuser knowing it. That's ex-parte order. A date will be scheduled for the accuser to prove his/her case in court. Mostly, ex-parte orders are vacated because most accusers cannot prove their cases. And in a corrupt country like Nigeria, it is the easiest tool for vendetta.

It is just a game. GTB can run around for so long before they will be forced to pay.
exactly , i think they are just trying to force the man into some kind of negotiation for a compromise so that they wont pay the high debt . if innoson insists that gtb must pay the full judgment fee as declared by the competent court of law . gtb has no choice but to pay

6 Likes 1 Share

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by horsepower101: 11:52am On Dec 20, 2017
Uchihaitaci:


Oga shut up!!! Which region besides the Hausa's does this government favor? Yet i dont see their region being a Dubai? Oga we as a tribe have to finally embrace intelligence and shun mediocrity !!!!

We need to shun blabbing, boasting, and crying about the civil-war!!! The Jews we lay allegiance too suffered a Holocaust! They didn't sit wailing they built a nation from the ashes and run the worlds economies with one mind and voice!

Stop waiting for Nigeria, yorubas and hausas to one day say sorry o, we agree we betrayed you, we agree we marginalized you, that will never happen. Igbos need to wake up, and start thinking globally and stop thinking locally!!!

We need to move on past the post civil war sickness, it has gone!! we were given 10 shillings yes, we built up from it yes, what next? we need to start making our region a destination for investors and less hostile to investors!

Case in point: Ogun state

Are you sure you are an Igbo? Something about your comment is off. No right thinking igbo man talks like you. Anyway everyone is igbo online these days.

3 Likes

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by lazygal: 11:53am On Dec 20, 2017
sweerychick:
I guess both innoson and GTB have a personal issue


No darling personal issue aside ...this is not fair for goodness sake .why do we destroy hardworking people
Just access the jobs innoson has created .audit firm WS invited ,and it was in favour of innoson..courts ruled in favour of innoson also then what is it ?
Gtb should have simply resolved amicably than try to prove strong ..thus is really a Shane
Do you know most international organization are sceptical on faking with Nigerian banks ..go and ask business men that do business internationally espe ially those into oil Nigerian banks are termed "destiny killers "

1 Like

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by traeces(m): 11:53am On Dec 20, 2017
onatisi:
by the time this case is over
gtb will be in serious financial mess
paying over 8 billion naira wont be an easy task for them
GTB declared 125.58 billion naira profit for the qtr ended 30th Sept, 2017. The bank has a total asset base of 3.21 trillion against total liabilities of 2.63 trillion naira so the amount they are to pay to Innoson is change. Moreover, I heard Innoson on TVC where he said he is open to been paid in GTB bank shares. So it is all good my friend.
Bank should learn not arbitrarily deduct monies from our accounts just because they can!

3 Likes

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Emyogalanya: 11:54am On Dec 20, 2017
ALMUSTAQIM:
THEY SHOULD SETTLE OUT OF COURT
SETTLE INNOSSON WITH SHARE OPTIONS & SOME CASH
AND EVERYBODY LIVE IN PEACE
ANIMAL
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by onatisi(m): 11:55am On Dec 20, 2017
traeces:

GTB declared 125.58 billion naira profit for the qtr ended 30th Sept, 2017. The bank has a total asset base of 3.21 trillion against total liabilities of 2.63 trillion naira so the amount they are to pay to Innoson is change. Moreover, I heard Innoson on TVC where he said he is open to been paid in GTB bank shares. So it is all good my friend.
Bank should learn not arbitrarily deduct monies from our accounts just because they can!
ok
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by stevejomo(m): 11:58am On Dec 20, 2017
Let's wait and hear from GTB.
This country won't let igbos rest, before it was Capital Oil Boss and now Innoson.
Remember Ibeto Cement?

3 Likes 2 Shares

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by enemyofprogress: 12:01pm On Dec 20, 2017
sweerychick:
I guess both innoson and GTB have a personal issue
I like the scent of your body,please move closer to me kiss kiss
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by humilitypays(m): 12:01pm On Dec 20, 2017
ProWalker:


That is what you think
Didn't' your brother Innoson see Diamond Bank and Fidelity Bank before going to GTB? He knows the bank that have the best foreign correspondence banks in Nigeria willing to open the LC for him.

Obviously a lot of you are talking with your village mentality.
Money answereth all things smiley
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by enemyofprogress: 12:02pm On Dec 20, 2017
stevejomo:
Let's wait and hear from GTB.
This country won't let igbos rest, before it was Capital Oil Boss and now Innoson.
Remember Ibeto Cement?
everyone hates them grin grin
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by shutto: 12:03pm On Dec 20, 2017
The funniestpart in these issues is that GTB used the excess to give other customers loan and make much profits
Let them pay this man ..haba

1 Like 1 Share

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by traeces(m): 12:04pm On Dec 20, 2017
I think it has gone beyond settling out of court. You can't call my bluff up to the supreme court and then come to me cap in hand for amicable resolution when I have gotten an out-of-this-world judgement against you.
My only advice to GTB is for them to reorganize her legal department to forestall a reoccurrence.

1 Like

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by texazzpete(m): 12:04pm On Dec 20, 2017
Hedonistically:


At least he did not pee in his pyjamas like that richest Yoruba 'businessman' Mike Adenuga did in 2006, when the EFCC zombies came knocking at his door in Victoria Island. After playing hide and seek for hours, your foremost Yoruba businessman Adenuga was bundled out of his wardrobe where he was hiding like a wall gecko, with his boxers and pyjamas drenched in urine out of fear.

After crying and begging in detention for 4 days, and after the likes of General David Jemibewon and Oba Sikiru Adetona (Awujale of Ijebu Kingdom) begged on his behalf, he was released on bail, only for him to scamper away wearing only his boxers to Ghana... Where he remained in hiding until Obasanjo left power and Yar'dua and Jonathan pitied him and asked him to return.

Innoson would not be such a coward. It's not the Eastern way to be such a coward.


but Nnamdi Kanu is in hiding na.

I guess this is an example of courageous concealment?

1 Like

Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Xisnin(m): 12:05pm On Dec 20, 2017
mayweather145:
a bank can have over 800 billion in its account, that does not means they own the money. There total net worth might be just 20billion. Read well they said they cant pay the 6billion debt bcs they might go banktrupt. Have u not seen bank going broke and put it up for sale? What if innoson wins the new 400billion suit. Tell me where they are going to get the money from ? Bcs from the above write up gt bank is in mess thats why i said there are in mess. Ordinary 6billion they cant pay talk more of 400bn.

You are one of those who wrongly think that life is fair and things workout as they
are in the books.
The reason why many big banks don't fail is because the government get their backs.
Banks are not your regular companies which just fail due to mismanagement.
I think you are equating Banks balance with Individual's balance where a person
cannot spend the money they don't have.
The 400 billion naira suit is frivolous more than the entire worth of inoson itself, the case
will be thrown out for a lack of merit.
GTBank will end up paying only 7% interest on the disputed 500 million naira deduction(which
doesn't affect GT's account since they are merely returning the owner's money).
Just watch out.
Re: Innoson Vs Gtbank: 30 Key Points To Know About Their Dispute by Mrnairalandd: 12:05pm On Dec 20, 2017
IamaNigerianGuy:
Banking in Nigeria is more or less legalized Mafiosi.

From the foregoing, there is nothing in the case to warrant the involvement of the EFCC. There was no reason for them to summon Innosson much less seek his arrest. This is a purely civil dispute and I see Chukwurah winning if these are all the relevant material facts.

He is a fraudster

He forged all the documents he used to obtain a loan of N2.4 billion.

This is the story he is not telling everyone

Wait until GTbank tell you how this criminal swindle them with fake documents.

He didn’t Service his debt as oppose what he is saying

That guy ll be sent to over 100years in prison if this crime was committed in USA.

It’s a federal crime in USA.

(1) (2) (3) (4) (5) (6) (7) (Reply)

Kwik Cash Borrowing / Naira Quoted At 253/$ As Interbank Market Opens / Conspiracy Theory Of What Could ‘happen’ To Naira/dollar In The Next Few Weeks

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 81
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.