FarahAideed:
GT has already changed it's name and holding structure in anticipation of cheating Innoson

And you think that has an effect ? LMAO go school una no gree

The truth is GTB messed up, they're just trying to see if they can get pardoned from court rulings so as to reduce that amount...but each time they try, the court awards more to innoson sef...he's has won them in all the court they went to..
Na pride dey do them now

Nothingserious:
I used to think this was a joke ooo.
Why is the matter gaining momentum like this?

Please anyone who is well versed on this issue should tell us the true position of things.

GTB is one the systemically important banks in Nigeria.

Sundrus:
standard chartered bank

Ok seems good.

Nothingserious:
I used to think this was a joke ooo.
Why is the matter gaining momentum like this?

Please anyone who is well versed on this issue should tell us the true position of things.

GTB is one the systemically important banks in Nigeria.

The comedy show is now an action packed series.

Watch out for season 2

complexBoss12:
very useless bank, with worse online transaction experience I have had. if you send money, they will charge you, if you receive money, they will charge you, if you don't do any transactions at all, they will charge.

my colleagues who use gt received their salary monthly alert last! But, when did All these started? the bank is known for effectiveness and speedy service

Mbbscentric:
Legal battle

I will pick the side of innoson. Almost all Nigerian banks are useless. They milk the poor masses, unsolicited debits, poor network, and bad customer care services.

You're 1,000% correct...

GTB having lost at the Supreme Court, is in deep shit. With time the bank will be taken over. Just a matter of time!!!

complexBoss12:
very useless bank, with worse online transaction experience I have had. if you send money, they will charge you, if you receive money, they will charge you, if you don't do any transactions at all, they will charge.

You are lying, you people intentionally lie to destroy other tribe business

What has tribe got to do with this?
I don't understand, so banks should feel free to defraud customers and they shouldn't complain or what?
Smh

SlyDev:


You are lying, you people intentionally lie to destroy other tribe business

complexBoss12:
very useless bank, with worse online transaction experience I have had. if you send money, they will charge you, if you receive money, they will charge you, if you don't do any transactions at all, they will charge.

The same GT bank I'm using or another one? Small small with your lies abeg

Innoson abeg put more heat on them biko cos I need my 13.2billion Naira you dey owe me. If dem no go pay just takeover swiftly and be the highest equity share holder and me go use the money wey you dey owe buy my own equity shares and become the second highest shareholder so we go follow dey cash out cos time dey go ooo and we must be Billionaires in Dollars and make that Forbes list.


Inno nwanne m hurry please

Gtb has become Gtco. Innoson can only take Gtb to court not Gtco.

Na korofo Innoson hold for hand. Foolish illiterate.

FarahAideed:
GT has already changed it's name and holding structure in anticipation of cheating Innoson

they can't escape this matter at all

FarahAideed:
GT has already changed it's name and holding structure in anticipation of cheating Innoson

Whatever name it changes to will assume all assets and liabilities of GTB as it existed at the time the judgement debt was entered against it so it's of no moment what name the management decides to change to.

warlordd:
GTB having lost at the Supreme Court, is in deep shit. With time the bank will be taken over. Just a matter of time!!!

Gtb has become Gtco. Assets have been sold to Gtco. Innoson can only take over Gtb and not Gtco.

As at today, Gtb has nothing and innoson is left looking foolish. Illiteracy is a big disease.

Horrible Nigerian banks. All of them na the same. No exception in the thiefing spree.




Abeg check my signature jare

Terrier99:
[s]Gtb has become Gtco. Innoson can only take Gtb to court not Gtco.

Na korofo Innoson hold for hand. Foolish illiterate[/s].

I knew hopeless, tribal bigots like you will crawl out of your covens. Should Innosson keep quiet even as a victim just because he's an Igbo man ? I tire for evil people like una

mushystuff:

Whatever name it changes to will assume all assets and liabilities of GTB as it existed at the time the judgement debt was entered against it so it's of no moment what name the management decides to change to.

Assets have been sold to Gtco for kobos. Liabilities remain with Gtb, assets belong to Gtco.
Innoson's problem is illiteracy.

The author of this article is clearly an ignoramus!

Even if Innoson acquires 33b worth of GTB shares ($75m at the official rate) and becomes the "largest shareholder" as he says, he will only own roughly 3.5% of GTB because the tottal value of shares in GTB (market cap) is $1.9Billion.

https://companiesmarketcap.com/guaranty-trust-bank/marketcap/


All these ethnic sentimentally charged quacks should stop writing nonsense. Innoson can NEVER own GTB!!!


There is a difference between being the largest shareholder and owning the company. even if he gets the debt converted into shares all he will own is approx 3.7% of GTB....read that again 3.7%!!!!! is that owning?


he wont even get a seat on the board for 3.5%. and he cant takeover the company


That said no court will award Innoson shares in GTB because of a debt that is 3.7% of their value or 16% of last year's profit, it's not as if GTB is insolvent, thats not the way it is done. GTB's profits before tax last year alone was N233B so the worst a court can do in the event innoson wins the case is to stop GTB from paying any dividends until they have paid Innoson.

GTB makes 7 times more profit every year than the debt even with the interest, This is not a one man cowboy operation like innoson motors, GTB is a public company listed on the London Stock exchange, by law, they are required and would have already made provisions in their accounts for known event risks such as this. Even if we dont follow laws here, the minute GT bank list on the LSE, selling shares in the UK, they are subject to the UK SEC laws and UK regulators would have made there there are funds set aside in case this well known case goes against them or they would have been struck off the LSE. so any talk of innoson taking over GTB is only the talk of Imbeciles.

way too many idiots commenting on things they know little about.

Terrier99:


Gtb has become Gtco. Assets have been sold to Gtco. Innoson can only take over Gtb and not Gtco.

As at today, Gtb has nothing and innoson is left looking foolish. Illiteracy is a big disease.

On the contrary, GTCo carries all assets and liabilities of GTB. There's no cherrypicking just assets whilst abandoning liabilities so Innoson has lost nothing.

mrvitalis:

And you think that has an effect ? LMAO go school una no gree

This is Nigeria , it worked for Oando Vs Gabrielle Volpi , worked for Socket works Vs Pat Utomi. ... Oga I have more corporate experience than you have when it comes to Nigeria ...They do alot of magic with these things ..All they have to is dilute GT within GTCO and hand innoson phantom shares ...Oando has done this again and again and nothing happened

MASTAkiLLAh:
I knew hopeless, tribal bigots like you will crawl out of your covens. Should Innosson keep quiet even as a victim just because he's an Igbo man ? I tire for evil people like una

You want to ruin Gtb the way you ruined Diamond Bank. Foolish Igbos.
Igbos don't repay loans. That is why Igbos don't own banks. You cheat and think you are smart. Now, Innoson has seen how stupid he is and you are both foolish.

1 kobo, innoson won't get. Ntoooor

mushystuff:


Whatever name it changes to will assume all assets and liabilities of GTB as it existed at the time the judgement debt was entered against it so it's of no moment what name the management decides to change to.

This is not a mere name change .GT still exist and GT is not GTCO ..Go figure

Those who believe Innoson will take over GTB are just delusional. Leave those court judgments. We have many court judgments and orders lying in the trash can.

Eventually they will settle out of court. It takes executive power to implement a court judgment. In a million years this government or the next will never back its executive agents carry out any judgements backing Innoson's taking over GTB.

Leave emotions out of it. If a takeover is allowed to happen in this manner, it will set a destructive precedent in the banking industry. You think CBN will fold its arms and let an individual take over a bank through a court judgment? Never going to happen!

Last last, the matter will be resolved politically at a roundtable. If Innoson refuses a political solution, then he will end up as the sole loser.

Let them pay d man his money abeg..banks too wayo

Nawa o. GTB where everybody the hype, all Nigerian banks are the same

FarahAideed:


This is not a mere name change .GT still exist and GT is not GTCO ..Go figure

Allow them to keep dreaming.
Innoson can't bear Gtco, they will throw him out. Let him face the empty can that Gtb has become.

Terrier99:


You want to ruin Gtb the way you ruined Diamond Bank. Foolish Igbos.
Igbos don't repay loans. That is why Igbos don't own banks. You cheat and think you are smart. Now, Innoson has seen how stupid he is and you are both foolish.

1 kobo, innoson won't get. Ntoooor

Innoson can keeping deluding himself about a takeover. Those judgments and orders he is securing here and there are going to be buried in the dust till eternity.

izzy4shizzy:
This bank has lost its values, I remember when I first started banking with them, very excellent service, but now.

Total rubbish, would close my account very soon self

Close your account and carry your 10kobo elsewhere. Empty barrels making noise. Your total deposit can't even pay the salary of a staff for 1 month.

Tellwhat:

I swear horrible bank. And to think they had so much potentials initially

Nigeria happened to them

Innoson can never take over the running of the bank.

All Plc's are required to make provision for judgement debt in their books in the event that a court decision is awarded against them on active litigations.

For a bank that declared over N200bn in profit in 2020, one would expect a senior lawyer who has done minimal research to make smarter utterances.