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Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days - Business (8) - Nairaland

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I Am Waiting To Take Over Gtbank - Innoson Boss, Chukwuma / Gtbank Debunks Rumours Of Court Order To Pay N12b To Innoson Boss / Court Declared Me Wanted To Embarrass Me – Innoson Boss, Innocent Chukwuma (2) (3) (4)

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Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by grandstar(m): 8:07pm On Jun 07, 2018
dumo1:

Iffa hear say GTB give out that kind of money. They will definitely appeal the judgement. Na today?

It is a Supreme Court judgment. It is final unless God says otherwise grin grin grin grin grin

4 Likes 1 Share

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by sapele914(m): 8:08pm On Jun 07, 2018
Paperwhite:
GTB stupidly played into EFCC foolishness.Guess it's clear now.They even issued a court warrant of arrest on the CEO just last week over a phantom court summon.
Dangote is not touched but the government just goes about to destroy Igbo business interests.
Ibo business preserved by the Supreme Court of The Federal Republic of Nigeria?so who is fighting who?or you are imagining things in your wrong interpretation mixed up with a corrupt imagination?

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by softwerk(f): 8:10pm On Jun 07, 2018
labiola:
For those who were shouting GTBank will go down, sorry it will not go down. . The shareholder fund of Gtbank as at 31st december was 625b. They made 200bilion after tax. They declared total of 2.60k last year as divided. Though, the amount will have a negative effect on their performance for 2018 FY. 14billion can not sink Gtbank.

But will definitely lead to Segun Agbaje's sack!!!!

Now he'll understand what it really means to loose a job you love so much grin
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by DedeNkem: 8:10pm On Jun 07, 2018
madgoat:
12 Billion naira. That Innoson CEO is a fraud.

Are you m*oron living in a cave?

2 Likes

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by sapele914(m): 8:19pm On Jun 07, 2018
pastorcyrus:

Whenever we say that this administration is against the igbos,some people will be thinking otherwise.
Once again,as his name implies, innocent chukwuma have been confirmed to be free from all the allegations levelled against him by gtb and efcc,efcc always working against the innocent just to please their pay masters. Very pathetic
Conspiracy theorist the federal government is against you but you won in the supreme court of justice under the jurisdiction of Nigeria,I guess we can say there is rule of law in Nigeria.
What does gtb a public/private entity have to do with the Government of Nigeria and us in Delta State or is Delta state fighting ibos?why bring Nigeria into your conspiracy theory?stupid ipob propaganda Zombie.

5 Likes

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by AZeD1(m): 8:22pm On Jun 07, 2018
VULCAN:
So why didn't they pay the man all these years since the money was so small?


Nobody gives money away when they don't have to.
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by kerry57: 8:27pm On Jun 07, 2018
Clear mind fears no accusation, innoson have been calm all this while. Only if u know the amount of igbo customers Gtb have lost since the commencement of this issue that keeps popping on social media. Lesson don't allow anybody to use u or ur company as a tool for evil.

1 Like 2 Shares

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Lightening: 8:29pm On Jun 07, 2018
DSDLIVEREPORT:
where are your manners? I never insulted anyone young man

Because you are no longer in a position to insult anymore. It is over yo us now.

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by hope4life: 8:30pm On Jun 07, 2018
CyynthiaKiss:
GTB is in trouble.
Yoruba Muslims over to you...
This is your wailing thread

If GT pays him the money, how much will remain in GT personal.account?
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Machini(m): 8:34pm On Jun 07, 2018
The attention of GTBank has been drawn to false, mischievous and malicious statements circulating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers.

The Bank's Customers and the General Public are hereby kindly urged to disregard these false statements as nothing could be further from the truth. There was no directive or Order issued by the Supreme Court of Nigeria to the Bank to make any payment to any of its debtor Customers.

The Bank as a highly responsible corporate citizen will in accordance with its culture and tradition refrain from making comments about on-going litigation matters and will continue to focus on using legal means to recover its bad debts. It must be emphasised that the Bank remains undeterred in its recovery drive against recalcitrant debtors.

We again reiterate that there is no iota of truth in the falsehood being peddled by desperate and mischievous elements and the General Public should disregard same in its entirety.

The Bank remains committed to providing best-in-class customer experience to all its valued Customers.

We thank you for your continued support and patronage.

For the bank,
Erhi Obebeduo
Company Secretary.

3 Likes 2 Shares

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Belmot(m): 8:34pm On Jun 07, 2018
The attention of GTBank has been drawn to false, mischievous and malicious statements circulating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers.

The Bank's Customers and the General Public are hereby kindly urged to disregard these false statements as nothing could be further from the truth. There was no directive or Order issued by the Supreme Court of Nigeria to the Bank to make any payment to any of its debtor Customers.

The Bank as a highly responsible corporate citizen will in accordance with its culture and tradition refrain from making comments about on-going litigation matters and will continue to focus on using legal means to recover its bad debts. It must be emphasised that the Bank remains undeterred in its recovery drive against recalcitrant debtors.

We again reiterate that there is no iota of truth in the falsehood being peddled by desperate and mischievous elements and the General Public should disregard same in its entirety.

The Bank remains committed to providing best-in-class customer experience to all its valued Customers.

We thank you for your continued support and patronage.

For the bank,
Erhi Obebeduo
Company Secretary.

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Lightening: 8:36pm On Jun 07, 2018
CoolAmbience:


The law must always be allowed to take its course, not blindly pointing finger at the government all the time.

Who could have called him a fraudster without any conviction? That must be silly.

You are either new on Nairaland or a hypocrite. Revisit the comments on the threads about the humiliating arrest of Innoson on his pyjamas by EFCC. Then revisit your comment and modify accordingly.




Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Ovonlen(m): 8:39pm On Jun 07, 2018
magoo10:
By supreme court judgement we believe it is final.
big congrats to innoson motors . God purnish devil and EFCC
Dear sir, it was just the decision on an interlocutory motion for stay of execution by the Appellant (GTBank ). The final appeal is yet to be canvassed. And also the money being referred to here is not to be paid to INNOSON directly but to the court which will hold it as a trustee pending the determination of the final appeal. In other words, if Gtbank wins at the Supreme Court, the money goes back to them and if INNOSON wins, it goes to him. It's actually a time worn principle of law that when a money judgment is given, the judgment debtor must pay or show ability to pay off the judgment debt before audience is even given to him for his appeal to be heard so as not to deprive the judgment creditor of the fruits of the judgment. I hope this short write up puts paid to the rather erroneous headline. Thanks.

4 Likes 3 Shares

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Lightening: 8:40pm On Jun 07, 2018
grandstar:


Don't take it personal. Are you Igbo? It is not an Igbo or Yoruba or Hausa thing.

It is strictly business


The tone of your comment gave you away as supporting the wrongdoing s of GTB. I commented as a bank customer that could be in Innoson's shoes tomorrow.
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Nobody: 8:47pm On Jun 07, 2018
babaolofin:


Why are you behaving like illiterate uncivilized main market trader? The assets of GT Bank alone is more than 12 billion. NDIC will never declare GT Bank insolvent because of 12 billion naira or fraudulent judgement. The Ibos last year, said they will withdraw their money & the bank will fall, I said it is an empty noise. The bank continues to grow in strength despite the threat. Now, you think 12 billion will sink the bank when all your frauds cannot sink the bank.

It is your people that will lose at the end. Now, we know your behavior. You are envious of GT Bank.



Though I hate giving response to foolish people with faulty mental faculty like you, however I will need to talk senses into your empty skull next time you display your stupidity.
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by PointZerom: 8:51pm On Jun 07, 2018
dumo1:

Iffa hear say GTB give out that kind of money. They will definitely appeal the judgement. Na today?


Appeal supreme court judgment?

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by zombieserum(m): 8:52pm On Jun 07, 2018
Ovonlen:

Dear sir, it was just the decision on an interlocutory motion for stay of execution by the Appellant (GTBank ). The final appeal is yet to be canvassed. And also the money being referred to here is not to be paid to INNOSON directly but to the court which will hold it as a trustee pending the determination of the final appeal. In other words, if Gtbank wins at the Supreme Court, the money goes back to them and if INNOSON wins, it goes to him. It's actually a time worn principle of law that when a money judgment is given, the judgment debtor must pay or show ability to pay off the judgment debt before audience is even given to him for his appeal to be heard so as not to deprive the judgment creditor of the fruits of the judgment. I hope this short write up puts paid to the rather erroneous headline. Thanks.
zombie shut up can't you read boldly that the apex court ordered that the management of gtb pay chukwuma innocent #12billion within 14 days and the court also struck out the motion for stay of execution of Enugu court of appeal divisions which order that gtbank pays #6billion into an interest yielding account ?
you want to sound smart but end up being a daft ,this is a final judgement by the apex court.

2 Likes 1 Share

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Donbosco46: 8:57pm On Jun 07, 2018
I wish youths go dey win case like this against SARS and ask them for damage of 1Billion Naira all this harassment will stop.
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Charly68: 9:05pm On Jun 07, 2018
When you have money and boldness to pursue your case you will get justice in Nigeria..Imagine the way they persecuted the guy ..
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Ewedegubbler: 9:16pm On Jun 07, 2018
Innoson go enjoy ooo
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by delpee(f): 9:20pm On Jun 07, 2018
So much ignorance on Nairaland. The days of articulate analysis and presentation of news is far gone!

There is no judgement yet. Those who understand court processes will know that no one is being paid now. The case isn't over. It's just a precautionary measure to ensure that the money will be paid IF Innoson wins the case.

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by maasoap(m): 9:21pm On Jun 07, 2018
pastorcyrus:

Whenever we say that this administration is against the igbos,some people will be thinking otherwise.
Once again,as his name implies, innocent chukwuma have been confirmed to be free from all the allegations levelled against him by gtb and efcc,efcc always working against the innocent just to please their pay masters. Very pathetic

You are not thinking straight. Under which administration was the judgement made?
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by maasoap(m): 9:23pm On Jun 07, 2018
zombieserum:
zombie shut up can't you read boldly that the apex court ordered that the management of gtb pay chukwuma innocent #12billion with 14 days and the court also struck out the motion for stay of execution of Enugu court of appeal divisions order that gtbank pays #6billion into an interest yielding account ?
you want to sound smart but end up being a daft ,this is a final judgement by the apex court.

Why don't you shut up your dirty mouth and learn from someone who understands better than you?
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Anaskie(m): 9:24pm On Jun 07, 2018
babaolofin:


Ordinarily, I should not have answered you, but I noticed you mentioned NDIC/AMCON helping failed banks. You also talked about merger & acquisition. I suspect you are a little bit literate. With 12 billion out of GT Bank coffer, GT Bank is a failed bank? So, NDIC will help bank that can meet depositors obligations. What brought AMCON & merger & acquisition here.

Though, I attended higher institution in the East, but I retained my intellect as a South Westerner. Your people destroyed most of our failed banks. Remember, this is not the economy your madam left.

In your attempt to sound smart, you only ended up sounding extremely silly. And i'm very disappointed.

First of all, what's brining South Westerner intellect and Eastern university into our conversation? That's extremely petty and totally uncalled for ....especially for someone who is alleging to be 'intellectual'

Secondly, what in the world do you mean by "your people destroyed most of the failed banks" ? ... And who is this unnamed "madam" you're referring to? You're sounding like a broken cassette tape.

However, since you have attempted to sound fairly literate, let me kindly school you on certain things you do not know.

From a legal point of view, a merger is the legal consolidation of two entities into one entity, whereas an acquisition occurs when one entity takes ownership of another entity's stock, equity interests or assets.
For instance, Eco Bank acquired Oceanic Bank when the latter began to have financial challenges. Most of our new generation banks like Access and FCMB are products of the mergers of various banks.

I said categorically earlier on that the Bank may not fall, but if this judgment is true, it will definitely affect the Bank and jobs will be lost. How on earth do you want to dispute this fact?
Haven't you heard of panic withdrawals before? If everyone begins to withdraw their savings from the Bank, it will definitely affect the Bank's capital base.

And kindly note that N12 billion is very big for a Bank with a net income of only about N90billion.

If you do not know the role of AMCON and the banking industry, then you'll have to research on that. I have given you enough free lectures for today.

Next time, stop trying being a smart ass when your clearly blissfully ignorant! Now run along.

1 Like 1 Share

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by zombieserum(m): 9:28pm On Jun 07, 2018
maasoap:


Why don't you shut up your dirty mouth and learn from someone who understands better than you?
shut up you that cannot understand common English wants to teach someone ,do you know what what they call supreme court? did you read the order given within 14 days? is it your money ? why are you so pained . zombie
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Lomprico2: 9:33pm On Jun 07, 2018
ukukaegbu:
And some people were abusing this man

Yoruba badbelle people you mean.
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Lomprico2: 9:35pm On Jun 07, 2018
eph12:
I thought Innoson was declared wanted or so recently by the police, court and EFCC

Hahaha! We don't have a police force in this country!
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by NOETHNICITY(m): 9:48pm On Jun 07, 2018
shizzle1:
obailaila, the worthless and brainless scumbag come here

The denigrate that told us that innoson refused to obey court orders. The despicable Arrow that couldn't see that it was the fraudulent gtb that tried to circumvent the law for almost 3years in a bid to evade punishment slammed on them by a court who ordered them to pay innoson after the defaulted on a business agreement, yet some senseless doofus who supports the incompetent vegetable failure in aso rock wants us to believe their no underground unholy alliance between the awusa -Fulani efcc and the Fraudulent gtb to bypass the law


NOETHNICITY come here and lecture us about credibility

Stupid idiots everywhere
Being the typical cretin that you er, u tend to jump to conclusions. Read this
https://www.nairaland.com/4548880/gtbank-debunks-rumours-court-order#68276865
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by afinic001(m): 9:52pm On Jun 07, 2018
Dear All, please GTBank Plc's response to the above topic.

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Horus(m): 10:04pm On Jun 07, 2018

https://www.youtube.com/watch?v=oOYQoesZ7ko

GTBank Refused to Pay Me My N8 Billion Because It Will Make Them Collapse – Innoson CEO, Innocent Chukwuma

1 Like

Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by stieyven(m): 10:04pm On Jun 07, 2018
magoo10:
By supreme court judgement we believe it is final.
big congrats to innoson motors . God purnish devil and EFCC
My dear friend, read Jude 1:9, and learn why you should not curse Satan.
Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by Ejanla07: 10:20pm On Jun 07, 2018
AZeD1:

Seriously?

Can't believe people are saying GTB is in trouble. How Ignorant can you guys be?

GTB made N170 billion after tax last year.

GTB made a profit of N52 billion in the first quarter of this year.


They are in trouble because if 10 percent of customers withdraw money out of fear.
You know the rest

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