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Nairaland Forum / Nairaland / General / Business / Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) (53076 Views)
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Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by samvega: 11:38am On Dec 19, 2017 |
This Innoson GTB drama has been playing out since 2012 , check here for full details https://www.premiumtimesng.com/promoted/248936-innoson-vs-gtbank-no-application-issuance-bench-warrant-innocent-chukwuma.html GTB closed 2016 with total assets of N3.12 trillion with a growth of 23.4% one of the top industry growth records, I think they can pay up na, what do you think? |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Jethrolite(m): 11:40am On Dec 19, 2017 |
Mztarstrechy:Even if the original poster made the post with grammatical blunders, you did not see the wisdom in correcting them in your own post? When government decides to regulate blogging and push 'copy and paste' reporters like you out, you will start staging senseless protests. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Nobody: 11:41am On Dec 19, 2017 |
THE GENESIS OF THE WITHDRAWN ALLEGATIONS; SETTING THE RECORD STRAIGHT. At all material time, Innoson Nigeria Ltd. was a customer of Guaranty Trust Bank Plc. Sometime in 2012, Innoson discovered that GTBank had arbitrarily imposed and debited its current account to the tune of N700 million in excessive and unlawful charges. Despite a series of complaints and demand for reversal of the illegal charges, a defiant GTBank refused to refund the N700 million to Innoson. Consequently, Innoson sued GTBank before the Federal High Court in Awka, Anambra State. Delivering judgement in suit number: FHC/AWK/CS/139/2012, the FHC awarded N4.7 billion to Innoson Motors against GTBank. The court also ordered GTBank to pay 22 percent interest on the judgment debt until all the payment had been made to Innoson. GTBank challenged the judgement at the Court of Appeal, Enugu Division. The appeal number is: CA/E/288/2013. However, on December 9, 2014, the Court of Appeal upheld the judgement of the FHC and ordered GTBank to pay its debt to Innoson into an interest-yielding account operated by the court. By then, the debt had accumulated to over N6 billion. Similarly, the Federal High Court, Ibadan Division, in a garnishee order absolute made on July 29, 2011, ordered GTBank to pay N2.4 billion to Innoson. The case number is: FHC/L/CS/603/2006. Also, the Court of Appeal, Ibadan Division, in its judgment of February 6, 2014 affirmed the decision of the FHC and ordered GTBank to pay N2.4 billion. The appeal number is: CA/I/258/2011. Based on the numerous judicial pronouncements to the appellate levels, GTBank was indebted to Innoson Motors up to N8.5 billion as at 2013/2014. In its various affidavits, particularly at the Court of Appeal in suit number: CA/E/288/2013, GTBank deposed that if it pays the outstanding judgment debt of N6 billion, much less the N8.5 billion, it could go bankrupt and be out of business. Consequently, in order to save itself from paying the outstanding judgment debts to Innoson, the bank filed a petition which led to the suit No: FHC/L/565C/2015 – which was properly and competently withdrawn by the police on February 17, 2016 as stated above. https://www.google.com.ng/amp/s/www.premiumtimesng.com/promoted/248936-innoson-vs-gtbank-no-application-issuance-bench-warrant-innocent-chukwuma.html/amp 5 Likes 2 Shares |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Grundig: 11:44am On Dec 19, 2017 |
sarrki:You are one of the many Nigerians who hate reading and lack comprehension. You should read the article again. But this time, slowly. Line after line. 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Nobody: 11:44am On Dec 19, 2017 |
israelmao:I tell you bro.. I was actually polite to him.. But he was rude men. 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by solid3(m): 11:46am On Dec 19, 2017 |
And what English is "like a commandor style"? |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Mysselff2: 11:55am On Dec 19, 2017 |
sarrki: The way most of these banks go about their debt recovery without giving customers the option of restructuring or %age write off is best left to imagination.They've killed some entrepreneurs directly and physically (who remembers the case of Late Alaba Job of Mobitel) This is the reason I posted somewhere that I hated Access bank and one idiot had the ignorant effrontery to abuse me in return.Of course I gave it to his father and his generation so that he will learn not to talk about issues about people he has never walked in their shoes 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by AreaFada2: 11:56am On Dec 19, 2017 |
Bizibi: Even with their sky-high interest rates, they still treat clients like poo. Crazy. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by SalamRushdie: 12:00pm On Dec 19, 2017 |
I thought it was GTB that was owing him and not him owing them .. 2 Likes |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Gaddafithe2nd(m): 12:00pm On Dec 19, 2017 |
bugidon:Is Buhari the owner of GTB? Is Buhari a member of the Agbaje family that owns most shares in GTB? |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by SalamRushdie: 12:01pm On Dec 19, 2017 |
Mysselff2: The last I remember it was GTB that was owing Innosson based on a garnishe court order 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Nobody: 12:05pm On Dec 19, 2017 |
From what I read so far my understanding is that both Innoson and GTB have pending case in appeal court. There were earlier judgments in favour of Innosin. This development is stemming from these on going legal battles. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by baralatie(m): 12:14pm On Dec 19, 2017 |
wapu:na wa o! I understand why dangote plc and others patronise foreign financial outlets 2 Likes |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by continentalceo(m): 12:16pm On Dec 19, 2017 |
sarrki:Sometimes you dey get sense sarki |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by KingRabota: 12:19pm On Dec 19, 2017 |
sarrki:This is the type of empty ramblings that stop this country going anyway. Mr I can't make mistakes. Just simply say thnx for the correction n say it was a typo. Then shut your mouth the fuuckup |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Jomark(m): 12:20pm On Dec 19, 2017 |
plz you guys should get information before concluding that it is about borrowing . Typical Nigerian behaviour. https://www.premiumtimesng.com/promoted/248936-innoson-vs-gtbank-no-application-issuance-bench-warrant-innocent-chukwuma.html |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by wiseEast: 12:21pm On Dec 19, 2017 |
chloride6: Bad English or torenchi Is English your Mother Tongue |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Meritocracy: 12:28pm On Dec 19, 2017 |
Criminals has no other name than criminal. Which one is common criminal. To borrow money nobody here don't know why its too hard to pay after agreements. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by badesco(m): 12:31pm On Dec 19, 2017 |
Actions like this will continue to kill businesses in Nigeria. God help Naija. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by pokipoki: 12:34pm On Dec 19, 2017 |
mazimee:Hahahaha. Who are you that we must believe you that Nigeria will not get it right? The first thing a rational person need to do is find out the facts and not just respond the way you did. 1 Like 1 Share |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Blue3k(m): 12:39pm On Dec 19, 2017 |
EFCC picked him up becsuse cause they they feel he comitted fraud getting illegal waivers. 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by deenee: 12:43pm On Dec 19, 2017 |
A lot of people don't know the full details but a usual people will blame the banks. Banks has a duty to maximize return to shareholders and also preserve capital and Innoson's arrest shouldn't ground his business unless he is running a one minute show like hi pot bellied brother ifeanyi uba which also is a huge business/investment risk for any credible investor looking to do business with him. I mean the MD of Fidelity was arrested one time to clear his involvement in the Dieziani case and Fidelity didn't close shop neither did their workers come and post on social media For reasons of confidentiality I would say what I know about the case all I can say is Innoson got what was coming to him and let him go and fulfill his outstanding obligation. 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by josite: 12:44pm On Dec 19, 2017 |
Gtb is fast eroding the values of her founding fathers.gtb was a bank founded on strong ethics and values.can same still be said of gtb. 1 Like |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by chloride6: 12:44pm On Dec 19, 2017 |
wiseEast: Rules are rules. Let sarrki create his own forum if he cannot compose error free sentences. I don't know how people respect the opinion of someone who can not even express himself properly. English is the official language of instruction and administration, and anybody who does not deem it's proper command as important should not be taken seriously. How can Nigeria change when you can not even invest in yourself? Stop making simple English look like stem cell research |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Oloripelebe: 12:45pm On Dec 19, 2017 |
Innoson is a Criminal |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Godmann(m): 12:46pm On Dec 19, 2017 |
Naijaaaaaaaaaaaaa. Politics over business. God punish all evil people |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by maasoap(m): 12:51pm On Dec 19, 2017 |
Why do we like to borrow and refuse to pay back? Most especially, our billionaires. Remember the case of that albino rat, twitter senator. Shame! |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by deenee: 12:55pm On Dec 19, 2017 |
samvega: Bro pls don't mislead people.....the information in the link is from the corporate communications dept of Innoson so surely it will be in thier favour. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by blaqoracle: 12:55pm On Dec 19, 2017 |
sarrki:you mean the fg that is dull should step in. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by greatcrown: 12:57pm On Dec 19, 2017 |
Dem take demonstrations and protests sware for us? Workers please get to work, that is what you are employed to do! Your boss is capable of handling this. Let him sue EFCC, GTB, and all relevant government agencies and head to demand his right. |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Desmorise(m): 1:07pm On Dec 19, 2017 |
This is against the provisions of the Administration of Criminal Justice Act |
Re: Innoson Vs GTBank: EFCC Arrests Innocent Chukwuma In Enugu (Photos) by Obdk: 1:13pm On Dec 19, 2017 |
samvega: Gtbank be grasping at straws. they must pay Innoson the money awarded him by court |
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