How GT entered into this mess?

Simple, the same way most people lose money ; carelessness.

They were judging the man by appearance, they never suspected extreme deviousness.

They assessed the man by his simple peasant dressing, badly spoken English with heavy Igbo accent.

A school certificate holder with more money than sense.

Someone they could take advantage of. They started by overcharging his accounts.

The man kept egging them on by showing apparent stupidity and innate weakness .

They never knew this " uneducated, igbotic, peasant" was harbouring dangerous thoughts.

Now he has them by the cojones and they don't even have the decency to acknowledge that they have been outsmarted by a spare parts dealer..

GT would not have tried this with Jimoh Ibrahim, Juhel Pharmacy, or Abdulsamad Rabiu.

They would suspect these people to have sense.

But Spare parts dealer? No.

Now they are paying for it.

Copied

The case has nothing to do with over charging his account but about his goods that were stolen and auctioned from the ports by Nigeria Customs , GT didn't even have any business in they case other than they were bankers to the customs at that time and they chose to stand by their customer instead of obeying the law

Wordken:
See below it

Why are you like this?

This case will reset the brain of both customs and banks.

SarkinYarki:
The case has nothing to do with over charging his account but about his goods that were stolen and auctioned from the ports by Nigeria Customs , GT didn't even have any business in they case other than they were bankers to the customs at that time and they chose to stand by their customer instead of obeying the law

Can you please expantiate on this? How and when did it start. Thanks

SarkinYarki:
The case has nothing to do with over charging his account but about his goods that were stolen and auctioned from the ports by Nigeria Customs , GT didn't even have any business in they case other than they were bankers to the customs at that time and they chose to stand by their customer instead of obeying the law

So you believed the nonsense press release by gt bank? But according to Mr innosson he said the money in question is the one owed to him by gt bank

SarkinYarki:
The case has nothing to do with over charging his account but about his goods that were stolen and auctioned from the ports by Nigeria Customs , GT didn't even have any business in they case other than they were bankers to the customs at that time and they chose to stand by their customer instead of obeying the law

if this is the case,why is innoson already sealing of gtb branches in anambra? No need to lie for a corporate body that post billions of profit made from stealing innocent peoples money?

Innosson has won every Cass against gt Bank including the customs case, illegal deductions and harassment and reputation damage using efcc case. The only problem is that some.of.the cases has not yet reached supreme court but he has won in all lower courts.

there are two case here 1) a case of over charge and 2) a case with custom that equally involved gtbank

donvat1:
there are two case here
1) a case of over charge and
2) a case with custom that equally involved gtbank

This one is the custom's case but fully on GTB responsibility to liquidate according to the initial court ruling that they dragged on to the Supreme Court and now this.
The second one is N14b suit of criminal or fraudulent overcharge against GTB from the same Innoson which he has already won in both FHC and Court of Appeal before GTB appealed to the Supreme Court which is still pending there. If Supreme Court upholds those rulings from the two lower courts then it will be another terrible blow. N14b is involved here o.

Passionate888:
Can you please expantiate on this? How and when did it start. Thanks

Okay here is the story , many years ago Innoson imported a lot of parts worth about 1.8 billion Naira and he had a waiver as they were Knocked Down Components but the corrupt customs insisted that Innoson needed to pay duties on that import and he approached the ministry of finance to interpret and they did ordering the customs to release the goods as there were zero duties on knocked down components at that time to encourage industrialization. But by the time Innoson go to the the port to retrieve his goods the customs claimed they had auctioned every thing illegally , innoson then sued the custom and the court immediately condemned the action of the customs calling it criminal and ordered the customs to pay innoson the sum of of 2.4 billion Naira which would have been what he would have made if he sold the goods and the court the ordered GTB the bankers of the customs to immediately withdraw 2.4 billion from the customs account and pay it to innoson ( Garrnishee order ) but stubborn GT instead of obeying the order decided to go to court giving the customs enough time to empty the account and that was how GT bought the problem form appeal court to supreme court which now put the sum plus interest accruable to 8 .4 billion Naira

Trouble sit down yanga go wake am....GTB don buy market....Them go pay from their nose and ass....They should start trading with the said amount on forex maybe they can double it before supreme court rulings.

Passionate888:
Can you please expantiate on this? How and when did it start. Thanks

Innoson took a loan from GTB which he was still servicing before custom impounded his goods and auctioned it. He went to court for damages against custom which has a domicile account with GTB, a bank he also took a loan from. He won the case and N2.4b from the money he pleaded was awarded to him. Since custom has an active account with more than that amount with Gtb he joined the bank to the case. Secured an order mandating the bank to pay him from the customs account but the bank defaulted maybe partly due to Innoson proposed method of settlement, where he asked them to deduct their loan and pay him the balance now linking the loan to the Court rulings or maybe they hoped to upturn the ruling. The case dragged on till now. That is all I read about the issue. But why they couldn't settle amicably outside the court till now is what baffles me.

cifo1145:
Trouble sit down yanga go wake am....GTB don buy market....Them go pay from their nose and ass....They should start trading with the said amount on forex maybe they can double it before supreme court rulings.

What you now see is the supreme Court ruling already.

SarkinYarki:


Okay here is the story , many years ago Innoson imported a lot of parts worth about 1.8 billion Naira and he had a waiver as they were Knocked Down Components but the corrupt customs insisted that Innoson needed to pay duties on that import and he approached the ministry of finance to interpret and they did ordering the customs to release the goods as there were zero duties on knocked down components at that time to encourage industrialization. But by the time Innoson go to the the port to retrieve his goods the customs claimed they had auctioned every thing illegally , innoson then sued the custom and the court immediately condemned the action of the customs calling it criminal and ordered the customs to pay innoson the sum of of 2.4 billion Naira which would have been what he would have made if he sold the goods and the court the ordered GTB the bankers of the customs to immediately withdraw 2.4 billion from the customs account and pay it to innoson ( Garrnishee order ) but stubborn GT instead of obeying the order decided to go to court giving the customs enough time to empty the account and that was how GT bought the problem form appeal court to supreme court which now put the sum plus interest accruable to 8 .4 billion Naira

Thank you... GTB fvcked up... They should pay up.

Passionate888:
Thank you... GTB fvcked up... They should pay up.

At this point they must pay

Very interesting...

Mystick:

Innoson took a loan from GTB which he was still servicing before custom impounded his goods and auctioned it. He went to court for damages against custom which has a domicile account with GTB, a bank he also took a loan from. He won the case and N2.4b from the money he pleaded was awarded to him. Since custom has an active account with more than that amount with Gtb he joined the bank to the case. Secured an order mandating the bank to pay him from the customs account but the bank defaulted maybe partly due to Innoson proposed method of settlement, where he asked them to deduct their loan and pay him the balance now linking the loan to the Court rulings or maybe they hoped to upturn the ruling. The case dragged on till now. That is all I read about the issue. But why they couldn't settle amicably outside the court till now is what baffles me.

Thanks. GTB is at fault, why should they allow custom to close their account while there is a court case ongoing.

Below are key points to know about this huge dispute as composed by Enyinnaya Appolos;

1 - At all Material times, 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.

Other Cases:
IBADAN Case: Innoson /GTBank/Nigerian Customs Service :

19 - Nigerian Customs Service Auctioned Innoson goods.

20 - Innoson challenged the action Nigerian Customs 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.

Up Innoson !

vivalavida:
Below are key points to know about this huge dispute as composed by Enyinnaya Appolos;

1 - At all Material times, 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.

Other Cases:
IBADAN Case: Innoson /GTBank/Nigerian Customs Service :

19 - Nigerian Customs Service Auctioned Innoson goods.

20 - Innoson challenged the action Nigerian Customs 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.

Na wa oh, see as GTB is just roping itself. See money name flying back, front, left, right and centre.
They just wanted to liquidate innoson but right now seems they are going down.

vivalavida:
Below are key points to know about this huge dispute as composed by Enyinnaya Appolos;

1 - At all Material times, 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.

Other Cases:
IBADAN Case: Innoson /GTBank/Nigerian Customs Service :

19 - Nigerian Customs Service Auctioned Innoson goods.

20 - Innoson challenged the action Nigerian Customs 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.

I don't think GTBank can survive all these.
Thank God I stopped operating my account with them. The bank can collapse any moment from now.

Ollarff:
I don't think GTBank can survive all these.
Thank God I stopped operating my account with them. The bank can collapse any moment from now.

In Nigeria today banks can't liquidate

They are being merged or bought over

We v seen the likes of plantium bank, diamond bank, oceanic bank, etc


In this case innoson wants a take over or partial takeover

A man who runs such a big business is clearly educated than your fore fathers

Sentiment aside, I have to stop using gtb almost 3 years now. I detected they were deducting heavily and illegally from my domiciliary and current account for no reasons despite that I transact less on them. I complained but because I'm not big man, they overlooked it. I just have to withdraw all my money there and even they are billing me negatively now for cards I refused to collect up until now since last year. Am ok with access and stanbic ibtc bank. Infact I saw a good credit alert on my ibtc bank this morning on an account I just put money and never touch for a while. Gtb would have deducted instead of credit. That serves them right. Fraudulent banks everywhere.
This is what you see when the debtor likely take over as a creditor now. Good for him.

Ollarff:
I don't think GTBank can survive all these.
Thank God I stopped operating my account with them. The bank can collapse any moment from now.

I will have to move my money out of there before it happens.

Mystick:

Na wa oh, see as GTB is just roping itself. See money name flying back, front, left, right and centre.
They just wanted to liquidate innoson but right now seems they are going down.

And to think that lots of people are jesting about this issue on Twitter, slamming Innoson group for being dumb to have entered a rift with GT Bank is indeed improper..

The timeline points raised here shows this matter is really intense.

This thread provides a lot of clarity about the matter, for all the afonja fools who keep making noise about what they know nothing about.

SLAP44:
This case will reset the brain of both customs and banks.

Meanwhile we all will wait for the case that will reset Nigerian’s brain and it’s politicians! U TIL then, we shall enjoy this ride!!

Innoson has boxed these people to a tight corner o.
By the time he is done with them, they may be the one begging him to take the 50% share he is asking for.