junkiesneverdie:
Taking a Loan from a Nigerian Banks is the worst Mistake anyone will ever Make...

Codedruns001:
What Young And Upcoming Entrepreneurs Should Learn From It.

1. Monitor your money: don’t overlook any bank charges on your company accounts. Always demand that they explain the basis of every bank charges deducted from your account.

2. Get an Accountant/Auditor: they will help you uncover any fraudulent activities from your bank on your account.

3. Demand full disclosure upfront: when taking a loan from your bank or any bank, demand to know all bank charges upfront before accepting the money. Be ready to raise alarm if any sudden and hidden charges start occurring.

4. Demand all terms and conditions be stated in writing: any one can deny verbal agreements including your banker. So always demand for a written document for every terms and conditions or agreements reached with your banker.

5. Demand full payment with 22% interest: in the incident that you catch your bank stealing from you illegally through fraudulent bank charges, by law they are mandated to pay back all the money in 2 weeks with 22% interest. And if they fail to do so within 2 weeks, the law further mandates them to pay back all the money with 100% interest after the first 2 weeks elapses.

RAFIC:
The Gtb and Innosson fight is a messy one that would impact investor security and confidence in the country.

Nigerians are so stupid they quickly turned this into a tribal war, making the igbos seem like cry babies and the government seem like witch hunters. This has nothing to do with government or tribalism, but is an unfortunate part of business.

However, the government will do well to look into this without siding any wrong party. Their job is to enforce the law and the EFCC should avoid being used as a tool in a business tussle. The government should arrest this issue quickly to assure potential investors that their investment will be safe and secure, without the possibility of banks reneging on agreements, flouting court orders and using the EFCC as a weapon. The world is watching!

lalasticlala pls come and enlighten the gullible folks out there...

bloodmoneyspita:
lastly avoid GTB

yeyerolling:
tell that to adenuga,otedola, murrary bruce, dangote, dantatas. bank loan na free money na. if u no pay amcon go take am over or bank write am off

Xisnin:
Innoson must really be desperate as to hire a runs girl service for image laundering and blackmail.
Whenever a party cries to the media instead of the court, it is because they have no case.

EFCC tried many people in the media but fail to secure their convictions but it is the
other way round in this case where EFCC remain silent while innoson fights in the media.

PrickGetSize:
How many times are you guys going to parade this same story on frontpage

400billionman:


Number 6. Do not take loans from a Wayo bank. GT bank is the only Nigerian bank I have never entered. I just don't remember they exist so I have never done one transaction there inspite of the numerous awards they keep giving themselves every year. As a businessman, use your foresight, Current sight and Hindsight to avoid embarrassment.

If no be First bank, UBA or Zenith, I no comfortable

kudosamass:
GTB is on a speed lane to self destruct. As a Bank, this is the most unwise method to settle this type matter. Many companies will certainly think twice before any serious engagement with GTB, even if the Bank is right. The reputation of the Bank will continue to nosedive as long as this case lingers.

For now, it is very clear to all that the Bank is desperate to avoid this payment so as not to go bankrupt. Should the Supreme Court uphold the decision of the Appeal Court, the general public might go into panic withdrawals which may likely collapse the Bank finally.

Whichever way this matter ends, the Bank will be the looser because of the negative public awareness created by the case which the Bank invited on itself. From what I am reading online, some guys are already withdrawing their money to avoid story. The Bank must as a matter of urgency review its Legal Department.
I wish them luck shaaaa!

uk101:






You be idiot

If not for anything respect your mother or sisters or even future wife.

What that lady stated there is just "FACTS" for young entrepreneurs everything is not oloshoism bro use your brains na

junkiesneverdie:
Taking a Loan from a Nigerian Banks is the worst Mistake anyone will ever Make...

E99E:
I am not surprised to hear this news. We can all see the detailed account of what transpired as listed by innoson solicitors.

Earlier this year I was a victim of GTB fraud. This bank wrote promising to approve a higher loan for me if I liquidate my existing loan with First Bank which was at a lower rate of 18%. At that time First Bank couldn't meet up with my demands due to CBN restrictions. I obliged and liquidated my very good loan at First Bank.

Immediately GTB bought over the loan from First Bank they said wrote to me saying there was a mistake and they wouldn't be able to keep to their promise and now that they have bought over the loan I will have to service it at 22%.

I was shocked. The only reason I chose to transfer to GTB was due to the higher loan I was hoping to receive only to be told No....we will give u only what First Bank gave u at 18% but now you will pay us more than you paid First Bank.

Immediately several charges were deducted..and all calls and attempts to get a reversal has not yielded any result.

I have gathered all relevant documents and once I am done with my current projects I will be heading to the courts. Honestly I was warned by fmy FirstBank account officer not to trust GTB as a lot of clients have been duped in the past by the bank.

The fact is GT Bank is a fraud bank. I urge anyone seeking loans to avoid GTB.

Xisnin:


If you have never used GTB why call it a wayo bank?

Goke7:


@the bolded, you were doing good until you got here, the same Nigerians you want and desire their understanding of all the points you are have been listing are the ones you are calling stupid. At times you just make your points and allow people to make their judgement but throwing jabs at them will even begin to make one think whether you are truly sincere.

And the same govt you also want their intervention, you have already labelled witch-hunters. So who exactly do you want to intervene? UN or World bank. Let's learn to always articulate our pints without emotions. Things do bad in business just as you have rightly said. Finally let's all hope that the parties to this feud will find a way out. I don't think a huge investment like Innoson can go down the drain like that.

Richardabbey:
BIAFRA vs AFONJA owned bank
Biafra Will Die

Wristler:
Any other nice bank I can port to?

Xisnin:


You must be a poor businessman to not do your homework before migrating your loan.
How can you assume the interest rate a bank offers?
You will be wasting your legal fees unless there was an enforceable agreement where GTB
promises you 18%.

Xisnin:


You must be a poor businessman to not do your homework before migrating your loan.
How can you assume the interest rate a bank offers?
You will be wasting your legal fees unless there was an enforceable agreement where GTB
promises you 18%.

Xisnin:
Innoson must really be desperate as to hire a runs girl service for image laundering and blackmail.
Whenever a party cries to the media instead of the court, it is because they have no case.

EFCC tried many people in the media but fail to secure their convictions but it is the
other way round in this case where EFCC remain silent while innoson fights in the media.

Xisnin:


Their will be no panic withdraw, neither will GT pay a blackmail ransom.
Innoson may think he is winning the media war but he will learn his lessons
in time.

Wristler:
Any other nice bank I can port to?