₦airaland Forum

Magu should be in jail by now

did i read this "In due time, I will tell Nigerians the whole truth about this matter." does this implies that all what the man has been saying are not truth?

Rotimi Amaechi.

"I've never taken a bribe in my life"


You people should continue lying God is recording it in his flash drive.

unohbethel:
sir ur been persecuted only because ur a 5 percenter..but dont worry, just almost 2 years remaining, and the bullard will be sent back to duara. its not a threat, its a promise

Come on dude, nobody is persecuting Innoson. It's simply an embarrassing business misunderstanding between GTB and Innoson. These things happen world over. Let the court decides their fates

We Nigerians are always sentimental in responding to issues. Am an easterner. I feel highly ashamed when we always feel the govt, the north and the west are our problem all the time.

I can't be decieved into believing trash. I know deep down that GTBank is at fault. Innocent Chukwuma will win all the way.

payan:
did i read this "In due time, I will tell Nigerians the whole truth about this matter." does this implies that all what the man has been saying are not truth?

U are dumb daft. Reading and comprehension is ur weakness.

You need mending

GameGod:
Innocent Chukwuma is a criminal and a fraudster.

Biety:
Shut up ur mouth u bloody liar.
Who's expecting u to say the truth before?
We know forgery is a shameful thing but just promise us u'll never do such again and we'll forgive u.

Your brother Adenuga want to fraudulently operate his crippled Glo network in Benin Republic.

He should sue them People want to know the truth about this case. its super important. They have cause character assassination on your person and as for gtbank, we are waiting for final judgement and truth. This man is customer for God sake. I need to understand how you treat your customer before I cement my perception on you and this can't never be swept under the carpet. for now, your trust is shaky, Waiting

Enugu boys no even won know wetin happen...na witch-hunting #freeinnoson

All seeing eye and Mr/miss know it all.

Biety:
Shut up ur mouth u bloody liar.
Who's expecting u to say the truth before?
We know forgery is a shameful thing but just promise us u'll never do such again and we'll forgive u.

Biety:
[s]Shut up ur mouth u bloody liar.
Who's expecting u to say the truth before?
We know forgery is a shameful thing but just promise us u'll never do such again and we'll forgive u.[/s]

Sense fall on you...... As stupidity don block ur sense of reasoning.

Koolking:
Come on dude, nobody is persecuting Innoson. It's simply an embarrassing business misunderstanding between GTB and Innoson.. Let the court decides their fates
.

And that matter is already before the court, the Supreme Court. So what is the point of the recent EFCC arrest again, for a matter that is already in court? What is YOUR point again, and how does your point (or the lack thereof) justify his recent arrest by the EFCC (since the matter is already in court) ?

Biety:
[s]Shut up ur mouth u bloody liar.
Who's expecting u to say the truth before?
We know forgery is a shameful thing but just promise us u'll never do such again and we'll forgive u.

[/s]

unohbethel:
hey nigga repeat after me : ayam stew piid..(20 times)

You are stew pid x20

Biety:
Shut up ur mouth u bloody liar.
Who's expecting u to say the truth before?
We know forgery is a shameful thing but just promise us u'll never do such again and we'll forgive u.

Calm down. Lots of folks here are not stupid. Did you GTB to shut up when they were releasing their own side of the story without being invited to do so?

EFCC we know. Innoson we know. Supreme Court judgement we are waiting for. Current GTB we will know...

GTB Bank vs Biafra


https://www.youtube.com/watch?v=DymucP2IDn0

This is one thing I hate about EFCC and this satanic govt they always twist things and incriminate people at will.

Now it's no longer loan or *pay me I can't pay you* it's now tax document forgery, I'm really ashamed of EFCC.

EFCC and SARS are same people only EFCC don't kill at will but to incriminate people and twist facts EFCC and SARS are same demons.

Gtb pay innoson and stop messing the whole thing up Mr GTB alias fraudster bank pay innoson his money and let us here word. Gtb offended me not long ago on issue like this since then I just hate that bank called Gtb.

GameGod:
Innocent Chukwuma is a criminal and a fraudster.

TRY GET SMAAAAAAAAAAAAALLLLLL SENSE NA

Hedonistically:
And that matter is already before the court, the Supreme Court. So what is the point of the recent EFCC arrest again for a matter that is already in court? What is YOUR point again?

Arresting Innoson for questioning is not far from normal. It's not as if EFCC convicted him of any crime. EFCC is a professional agency, there are information that elude our public knowledge in this case. Let not get carried away by media sensational reports.

Odianose13:
Sense fall on you...... As stupidity don block ur sense of reasoning.

Do you know why we Yorubas hate you fuckers?



You can't even be lent sense. You're that maaddd!

[quote author=payan post=63516828]did i read this "In due time, I will tell Nigerians the whole truth about this matter." does this implies that all what the man has been saying are not truth?[/quote

It implies he has to has to have a chat with his lawyer before saying more than what he has said already so as not to jeopardize his case in court.

payan:
did i read this "In due time, I will tell Nigerians the whole truth about this matter." does this implies that all what the man has been saying are not truth?

It implies he has to have a chat with his lawyer so as not to jeopardize his case in court

BEFORE INNOSON....

WE WILL NOT FORGET

Dr. Ezekiel Izuogu : How the Izuogu Z-600 dream was destroyed

In 1997, a brilliant Igbo Electrical Engineer and Lecturer at the Federal polytechnic Nekede, Dr. Ezekiel Izogu designed and developed the Izuogu Z-600, the first African indigenous manufactured car.

The car was described by the BBC as ‘ the African dream machine as 90% of its parts were sourced locally. At a projected sales cost of 2000 dollars, it would have taken the world by storm and become the cheapest and most affordable car on earth. With mass production planned under Izogu Motors plant in Naze owerri, the prospects of an industrial revolution in Igbo land and Nigeria, was in the making.

The car was equipped with a self made 1.8L four cylinder engine that got 18mpg and allowed the car to achieve a top speed of 140 km/h. Front Wheel Drive (FWD) was chosen over Rear Wheel Drive (RWD) because a transmission tunnel, which RWD would require, would be more expensive to fabricate.

So 90% of the car’s components were made locally. General Sani Abacha set up a 12 man panel of inquiry made up of professionals to ascertain the road worthiness and authenticity of the car and after several days of probing, the committee gave Dr. Izuogu’s car a clean bill of health, recommending that some of the bumps on the body of the car be smoothened. It is worthy to note that this was five years before India built their first car known as the Indi.

At a well organized unveiling ceremony which had General Abacha represented by Oladipo Diya, over 20 foreign ambassadors and thousands of people in attendance, the federal government promised a grant of 235 million naira to Dr. Izuogu.

An excited Dr. Izuogu is still waiting for that grant till today. No dime was released to him. In 2006, the government of South Africa invited Dr. Izuogu to do a presentation about the car in the presence of several world class engineers. Being impressed with his presentation, they invited him to come and set up a plant in South Africa and begin the production of the car.

Dr. Izuogu reluctantly agreed, though he wasn’t happy that the benefits of employment generation will be lost on the locals of Naze and the Nigerian human resources environment. On Saturday, the 11th of March 2006, at about 2.00 a.m, a total of about 12 heavily armed men broke into Dr. Izogu’s factory in Naze and carted away various machines and tools including the design history notebook of Z-600, the design file Z-MASS, containing the design history for mass production of Z-600 car, and the moulds for various parts of the car.

According to Dr. Izogu:

“It seems that the target of this robbery is to stop the efforts we are making to mass-produce the first ever locally made car in Africa. Other items stolen included locally produced timing wheel, locally produced camshaft, locally produced crankshaft, locally produced engine tappets, all 20 pieces each.

Also stolen were ten pieces of locally produced Z-600 engine blocks, ten pieces of locally produced pistons, four pieces of engine block mounds, four pieces of top engine block moulds, ten pieces of engine fly wheel and two pieces each of rear car and front mudguard moulds.”The inventor regretted that not only did they lose over one N1 billion in monetary terms, but also time (about 10 years) and the energy it took to design and produce the moulds. “To worsen the matter, our design notebook was also stolen,” he stated.

He regarded the incident as a national economic disaster because the nation had lost a technological and intellectual property. This Press was quiet about this story. The set back and governments attitude frustrated Izuogu and his dream died.

Hedonistically:
And that matter is already before the court, the Supreme Court. So what is the point of the recent EFCC arrest again, for a matter that is already in court? What is YOUR point again, and how does your point (or the lack thereof) justify his recent arrest by the EFCC (since the matter is already in court) ?

can you kindly clear the air on this? base on media report, the case in supreme court is about over deduction from innoson acct by gtb, on the other hand, this arrest is about forgery of documents. so which one is in supreme court or both the over deduction and forgery are there?

Ok

Innoson group Vs GTBank : 30 Key Points you need to know about their dispute :*

*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 ?
*copied*