₦airaland Forum

Opinedecandid:
40 Questions the Op Must Answer For Us to take him Seriously.

1. Op, What is your name?
2. What is your true identity?
2. What did GTB pay you to come up with the above?
3. Was the payment in cash or in kind?
4. If cash, how much was it?
5. If kind, give details?
6. Prior to the payment, what was your relationship with GTB?
7. Who or what exactly did u have a relationship with : the bank's staff, customer, banking Hall or their sign post?
8. Who contacted you on the behalf of GTB?
9. Did you care to authenticate was truly a representative of GTB?
10. If you did, what proof convinced you?
11.

I can go on and on and on till I even pass 40.
But let me forgive you for making me waste my time to type this rubbish just to prove to you that you were paid by GTB to also type your rubbish.

Go and advise them to retract their steps on this because it's a very POOR business decision. Before they say jack, they would have lost close to 50% of their customers.
Banks don't survive after controversies, no matter the volume of media sympathy they try to weep.

Obviously gtb sponsored this version and Nigerians are not buying into it. Hd better goback and tell then
I yhim gtb is being used as a political tool to pull down in soon for what ever reason .
Nigerians won't stand to watch a hardworkong an brought down no way !

igbo people should ALLOW THE COURT TO DECIDE THE CASE. STOP PLAYING VICTIMS. U GUYS ARE FOND OF PLAYING BLAMING GAMES.THIS IS A CRIMINAL CASE FOR CHRIST CASE.

dubemnaija:
keep consoling urself arse-hole. Go and check if GTB lost some of her customers/costumer's deposits, then return here for a proper argument.

guy youre just a hater. Bloody biafran. Go and remove your money and allow people to transact in peace

positivelord:
I was tempted to believe this crap...but I notice the writer conveniently refuse to mention series of court cases Innoson have won and GTB keep appealing.... GTB should try harder but Nnewi Businessmen decision to boycott still stand...

yes

You see what lie Muhammad, APC and Buhari media center have taught Nigerians When you have any issue, lie. Use SM to tell the story that suit your interest. Pay few hungry bloggers to pushed narrative that favours you no matter how wrong . A whole GTB telling her story through back door when she's got a SM account and a media team. Two story from GTB had being through proxy. I guess GTB don't want to be liable in case someone decided to suit them again. All the law suit thrown at her, she lost. May APC, lie Muhammad and Buhari not happen to any body. Somebody say amen ���

Mrnairalandd:
I see Innoson going down soon

With this negative publicity: No banks either local or international ll trade with that dude again

People in Banking sector ll know what i mean not all these streets hawkers or kiosk owners.

Business wise, Innoson is finished

I can bet my money on it that in 3years from now, that assembly plant ll go moribund.

He is a fraudster

I knew right from day one that he is a fraudster

If you fail to service a loan as a business man, you r as dead as your future business cos other Banks ll take credit worthiness to zero.

With this publicity on his name, both local and international banks must ve blacklisted his company name

It ll take the grace of God for him to survive this

That’s why you need to learn from the genuine industrialists before venturing into empire

may all this things you say fall back on you and your evil mind

LivingBetter:
I did perceived earlier that there would be counter thread but never knew it would be this cheap lies. GTbank don become ShopToMyDoor wey dey import goods on behalf customers like Innoson. I will continue to sit on the fence on this matter

See as your displayed your stupidity to the whole world instead to research and find out if banks finance importation directly on behalf of their customer.

This is common in the shipping world.
See as potopoto children dey support thier fraudulent brother innoson.
Fraud dey their blood

alphonsok:
igbo people should ALLOW THE COURT TO DECIDE THE CASE. STOP PLAYING VICTIMS. U GUYS ARE FOND OF PLAYING BLAMING GAMES.THIS IS A CRIMINAL CASE FOR CHRIST CASE.

They are fraudulent people,
That's is how dey DECEIVE Jonathan after chopping the man MONEY. Jonathan lose

GT BANK IS AT FAULT
THEY HAVE NOT WIN ANY COURT CASE ON THIS ISSUE

alphonsok:
igbo people should ALLOW THE COURT TO DECIDE THE CASE. STOP PLAYING VICTIMS. U GUYS ARE FOND OF PLAYING BLAMING GAMES.THIS IS A CRIMINAL CASE FOR CHRIST CASE.

GUY THIS CASE HAS BEEN WON BY INNOSON TWICE, AS WE SPEAK, THE CASE IS STILL IN COURT.
LEAVE THE IGBO PEOPLE OUT OF THIS.
GT BANK'S STEP WAS VERY WRONG

Now I understand, criminal case is pending against innocent. He should better go and settle AIG otherwise he will be surprise to see himself in jail. Banks are thieves but when it comes to documents they don't joke with. Innoson wants to play smart.
The problem with this country is that we tribalize and politicize every issues

Mckandre:
ur number 7 really cracked me up, m sure he had close encounter with just their signboard

My brother, don't mind the op.
GTB sponsored him.
Already, so far, plenty people don de comot their money from the bank.
This na fight were dem no fit win.

FlirtyKaren:
GTBank has released detailed report of their transaction with Innoson Motors CEO, Innocent Chukwuma that led to his EFCC arrest. Read below:

1. GTBank has stated they are not behind Innoson Motors CEO, Innocent Chukwuma’s arrest.

2. Rather, the EFCC has announced they arrested Innocent Chukwuma over a N1.4bn fraud and usage of forged documents to secure tax waivers.

3. True story how Innoson vs GTBank war started: In 2009, GTBank 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”).

4. Under the loan terms agreed by Chief 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. When the Bank reported the matter to the Nigeria Police, Dr. Innocent Chukwuma claimed the Bank released the shipping documents to him.

13. 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.

14. 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.

15. 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.

16. 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.

17. However, Innoson defaulted in making the agreed payments.

18. 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.

19. 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.

20. What Innoson did next - Innoson approached the Bank for a reconciliation of his account and pleaded for a debt forgiveness.

21. 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.

22. 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.

23. 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.

24. Again choosing to dishonour an agreement that was amicably 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.

25. 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.

26. 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.

27. What EFCC is Saying - they have released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail.

28. ''The business man who runs a local auto assembly plant was arrested on Tuesday December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found.

29. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home.

30. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home.

31. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement.

32. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation.

33. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery.

34. ‘The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.”

35. After Innoson Motors's CEO, Innocent Chukwuma was arrested, his company took the battle to social media. Immediately, numerous sponsored social media campaigns against the Bank such as #BewareOfGTBank and #WhatIsWrongWithGTBank sprang up.

36. The company Innoson also went on 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.

37. GTBank on their part has chosen to remain silent on the matter, perhaps trusting in the integrity of the legal system.

38. 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”.

39. 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 Innoson should proceed.

40. 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.

Source - https://www.lailasnews.com/innoson-vs-gtbank-40-key-points-gtbank-innoson-motors-efcc-arrest/

lalasticlala

You didn't speak on his wife

"10. 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."



A man was mention among the Gtb signatories name "Taofeek Olalere". I've work with him at GTB bodija Ibadan before been transfered. hes a fraudulent and untruthful person, he may have been the one giving Innoson the information he used against the bank.

zinaunreal:
guy youre just a hater. Bloody biafran. Go and remove your money and allow people to transact in peace

I rather be a hater than being a ritualist

AkupeMBANO:
Buhari will be drinking beer right now, Innoson and GTB news has made Nigerians forget him.

he will be like "Femi Adesina more bottles please"...

NothingDoMe:
We've read this already.

Unfortunately, GTB seems to be at the losing end this time because they'll likely pay billions to innoson after the Supreme Court verdict.

GTB is aware of this fact and is just running around raising dust.

don't mind the stupid Bank. yet they have the gut to say nonsense against the man.

If Innoson is not guilty, then why is EFCC after him? The summary of the saga is that a dishonest businessman took a loan from GT Bank and does not want to pay back.

lazygal:
Obviously gtb sponsored this version and Nigerians are not buying into it. Hd better goback and tell then
I yhim gtb is being used as a political tool to pull down in soon for what ever reason .
Nigerians won't stand to watch a hardworkong an brought down no way !

Since when have you started speaking for all Nigerians??

I am not surprise over the Innoson fraudulent business activities the Igbos or is it I Before Orders they call themselves are known for fraud, forgery and stealing to boost their businesses.
Those who are bringing ethnicity and tribal sentiment into the whole episode should ask the man who was and what was he in the last ten years before becoming a multi billionaire today.
More so, let any I Before Orders come and swear to God that he or she has never been involved in any fraudulent activities before.

Opinedecandid:
My brother, don't mind the op.
GTB sponsored him.
Already, so far, plenty people don de comot their money from the bank.
This na fight were dem no fit win.

did you see them removing their money. God Nigeria has alot of fools

clear case of tribalism...they were instructed to run him down like they did to ibeto and co by monopolising everything on behalf of dangote..Otherwise the most hardworking/richest tribe in Africa ought to produce the richest man but but due to their subjugation in the political sphere it becomes impossible. Innoson's products are not being encouraged to grow just cos of hatred...Idiots that won't leave them alone yet they won't stick to them...

ofwest47:
I am not surprise over the Innoson fraudulent business activities the Igbos or is it I Before Orders they call themselves are known for fraud, forgery and stealing to boost their businesses.
Those who are bringing ethnicity and tribal sentiment into the whole episode should ask the man who was and what was he in the last ten years before becoming a multi billionaire today.
More so, let any I Before Orders come and swear to God that he or she has never been involved in any fraudulent activities before.

I am not surprised too,because he is an IBO...that's why you all want to run him down...

luckymaj:
clear case of tribalism...they were instructed to run him down like they did to ibeto and co by monopolising everything on behalf of dangote..Otherwise the most hardworking/richest tribe in Africa ought to produce the richest man but but due to their subjugation in the political sphere it becomes impossible. Innoson's products are not being encouraged to grow just cos of hatred...Idiots that won't leave them alone yet they won't stick to them...

Please talk like someone who went to school, instead of hyperventilating like a market woman.
Who ran Ibeto down? Are you aware that Ibeto was the only company given license to import cement for re-bagging purposes from 2015 to 2017? Not even Dangote had that concession.

Innoson's products have not been widely accepted due to his poor marketing strategy. How many showrooms nationwide stock his products? What are his policies on after-sales service? They are not widely publicised.

What is the resale value of his products? Very few people know. He simply has to do a lot more groundwork to get his products into every corner of the local market in every city, and to promote schemes that would attract buyers to his products.

This has little to do with govt., and nothing to do with tribalism, and more to do with Innoson's strategy.

If his products enjoy rapid sales, that means more revenue for him, and he will be able to pay the banks back, everything he owes. No bank would treat a valuable, high net-worth customer, with a track record of promptly servicing his loans, in a disreputable manner.

Mrnairalandd:
I see Innoson going down soon

With this negative publicity: No banks either local or international ll trade with that dude again

People in Banking sector ll know what i mean not all these streets hawkers or kiosk owners.

Business wise, Innoson is finished

I can bet my money on it that in 3years from now, that assembly plant ll go moribund.

He is a fraudster

I knew right from day one that he is a fraudster

If you fail to service a loan as a business man, you r as dead as your future business cos other Banks ll take credit worthiness to zero.

With this publicity on his name, both local and international banks must ve blacklisted his company name

It ll take the grace of God for him to survive this

That’s why you need to learn from the genuine industrialists before venturing into empire

If Innoson is finished, then what is the fate of the thieving bank, GTB? Don't you think that the nationwide closure of accounts will further culminate into companies re-auditing their accounts like Innoson and claim huge refunds? Then the bank will naturally bleed to death. BTW, after Supreme bank upholds the favourable appeal court rulings in favour of Innoson amounting to about #10.0b, Innoson will never need any bank loan again. He will become one of the lenders of resort. Innit?

ajl:
Innoson likely "bought" the judgement in Awka where he could have influenced the judge. A lot of people are blinded by sentiments. He is a typical Nigerian businessman who fraudulently obtained collateral assets that are in the name of the bank. It's like one obtaining a car loan from a bank. All the documents are issued in the name of the bank and remain in possession of the bank until one pay off the loan. In Innoson case, GTB was asking for just 25% of total loan to release goods. Irrespective of all Innoson claims he and his company reputation has been damaged. As usual these largely criminal elites would stir up ethnic sentiments if things does not go their way. Unfortunately there are more than enough jobless youths ready to help stir it further. Reason why this damn country of largely unproductive people is not getting ahead. Even the one we've been supporting as a local auto manufacturer turn out to be a fraud. You don't use forged documents to get tax waivers, which suggest he did not even pay import tax on the equipments he fraudulently cleared from the port. He also "robbed" the federal government which is why the EFCC is also involved. Pack of fraudsters claiming to be businessmen.

If you allege he bought the judgment from Awka, did he also buy the judgment from appeal court Ibadan division? Well, he is also likely to 'buy' the one coming from supreme court soon. GTB should then start buying judgments alike not EFCC. They should be wise abeg.

dealslip:
Sir, if your loan has been unserviced. It is very normal that interest would accumulate on the account because you haven't been paying down. This is normal in banking, what do you expect of a loan that has been unservised for 5 years. It is very normal in banking to forgive the accumulated interest especially where it is impossible for the borrower to meet his obligations not to talk of the accumulated interest. This is what alot of people have termed fraudulent charges. The CBN is the final authority over this issue, what Innosson was specifically arrested for was forgery of banks authority to release the warehouse imported goods. What GTB can do is to rescind on the earlier grace extended to him as regards the accumulated charges.

GTB confessed to have taken illicit charges from Innoson and agreed to make refunds in excess of #550m and you are talking about accumulated interest on loans. So Innoson and the consultants appointed by the disputants (Innoson/GTB) to audit their accounts do not know the difference between excess charges and interest on loans while arriving at their verdicts? You are certainly not in the main stream banking; a Teller or Secretary at best.

alphonsok:
igbo people should ALLOW THE COURT TO DECIDE THE CASE. STOP PLAYING VICTIMS. U GUYS ARE FOND OF PLAYING BLAMING GAMES.THIS IS A CRIMINAL CASE FOR CHRIST CASE.

It is GTB that should allow the court to decide. Is if Igbos that are running around like headless chicken taking using willing agencies of Government to cause commotions?

The truth must come to light

Lightening:
GTB confessed to have taken illicit charges from Innoson and agreed to make refunds in excess of #550m and you are talking about accumulated interest on loans. So Innoson and the consultants appointed by the disputants (Innoson/GTB) to audit their accounts do not know the difference between excess charges and interest on loans while arriving at their verdicts? You are certainly not in the main stream banking; a Teller or Secretary at best.

Like seriously Where or when did GTB confess to have charged Innoson motors illegally. We know they released an official statement and no where did they even insinuate the rubbish you are talking about. Most of you guys are just peasants who would insist that hearsay is the truth. I scoff at you because like the rubbish you assumed, you have assumed I never worked in a bank. Continue to wallow in your ignorance and beer parlour gist.

zinaunreal:
did you see them removing their money. God Nigeria has alot of fools

You are the chief fool.
Well done for showing your face.

dubemnaija:
keep consoling urself arse-hole. Go and check if GTB lost some of her customers/costumer's deposits, then return here for a proper argument.

Biafran tribalist. Victimizing one bank would not give you biafra. You dont have proof of any withdrawals so shut your trap. Go and withdraw your change and that of all your family members and allow people bank in peace..