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Nairaland Forum / Nairaland / General / Business / John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover (24141 Views)
Banks, Businesses Comply With CBN Directive On Old Notes — But Shortage Persists / Why the Supreme Court Ruling Between Innoson And GTB should worry you / Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days (2) (3) (4)
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Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 11:09am On Dec 03, 2021 |
RoddyMan:thank you o!!!! 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Quiny32323: 11:09am On Dec 03, 2021 |
Cantonese: They turned it to a tribal war and unfortunately the buffon lost out, agbaje of a guy ruined gtb 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Zainabthegirl1(f): 11:11am On Dec 03, 2021 |
Omooo |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by West1side: 11:14am On Dec 03, 2021 |
You n your entire household with no exception at all must perish if any of the allegations you made here is false. complexBoss12: ShoeShineGuy: 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Terrier99: 11:14am On Dec 03, 2021 |
RoddyMan: Fools grow old. Greed and vested interest make many people you expect to be wise say foolish things. 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by ShoeShineGuy: 11:14am On Dec 03, 2021 |
I stopped banking with them long time ago. They kept deducting what was left until shame nor gree them notify me again. Maybe they're waiting for me to put money again so that they can remove at once all they've not being able to. All I have there now is less than 1k and in case they liquidate, I don dash them that balance as a good Nigerian wey I be. 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by slimghost(m): 11:15am On Dec 03, 2021 |
FarahAideed: Delete this please. Even a toddler wouldn’t type this and click send. 4 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Terrier99: 11:15am On Dec 03, 2021 |
Cantonese: Pls, don't loud it. You want to break the damn table. |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Terrier99: 11:16am On Dec 03, 2021 |
[s] ShoeShineGuy:[/s] Go to Accces Bank, UBA or Others. 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 11:19am On Dec 03, 2021 |
Ekpa ![]() ![]() |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by FarahAideed: 11:21am On Dec 03, 2021 |
slimghost: Gerrat .Noth deleting the fact the GTCO and GT are separate legal entities should tell you what's up...we have seen Oando do this to people it owes twice , I have seen another company do it to Pat Utomi ..this is Nigeria where people can get away with anything . 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by PaChukwudi44(m): 11:22am On Dec 03, 2021 |
Terrier99:Are you dumb or just a plain illiterate? If all it takes to evade payment of loan is change of name no one will repay loans 12 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by PaChukwudi44(m): 11:22am On Dec 03, 2021 |
FarahAideed:You are lying. 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Didi2d(m): 11:23am On Dec 03, 2021 |
Cantonese: Seriously, when I saw that 33b same thing came to my mind. |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by PaChukwudi44(m): 11:25am On Dec 03, 2021 |
RoddyMan:The same way Oceanic and international banks were declaring profits just before they went under 8 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Babaken(m): 11:25am On Dec 03, 2021 |
complexBoss12:Sorry dear they are gathering money from all angles so that they can pay their depth. 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 11:28am On Dec 03, 2021 |
mrvitalis:GTB don become GTco See eh, Innocent will never take over GTB. Make dem find a way to settle this matter sha, if GTB can't pay all the money make dem negotiate and pay some of the money 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 11:29am On Dec 03, 2021 |
Lunex: Gtb is the best bank |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by kenzysmith: 11:30am On Dec 03, 2021 |
izzy4shizzy:pls dont close ur acct am a gtb staff we need 2k frm ur money to add to repay our loan if gtb fold i lose my job dont be heartless 3 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by gassbee: 11:30am On Dec 03, 2021 |
Bros which bank u wan take over, wake up day don break |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by ugotaya: 11:33am On Dec 03, 2021 |
Court Of Appeal Has Dimissed Case Against Prophet Sotitobire https://www.youtube.com/watch?v=NGVpXgss6yc |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by ivolt: 11:37am On Dec 03, 2021 |
RoddyMan: I agree that Innoson cannot takeover GTBank. CBN may eventually intervene to bail out the bank. But be very careful when reading meaning into the profits announced by banks. There are a lot of shady underground deals going on in every bank. What really determines a bank's stability is the capital base, total assets and liabilities. 4 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by 36STATES: 11:37am On Dec 03, 2021 |
Terrier99: Igbos don't own banks ![]() Zennith UBA ACCESS FIDELITY etc. Maybe GTB in few months, fingers crossed!! 6 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 11:37am On Dec 03, 2021 |
Nothingserious:In summary, this is what I can recall from the case: 1. GTB borrowed Innoson money for importation many years ago. 2. GTB over deducted the loan back from Innoson account, and deducted over ₦500m extra. 3. When Innoson audited his account, and saw the over deduction, he called the attention of GTB to it. 4. GTB investigated and agreed there was an over deduction. But the over deducted amount is less than what Innoson said. 5. Innoson agreed with the value GTB said was over deducted (which is less than the value the firm that audited his account pointed out). 6. Innoson asked GTB to pay back with 22% interest, which is the rate he used to pay back his loan with GTB. 7. GTB refused, and said they can only pay with 8% interest. 8. Innoson went to court. He won at the high court, appeal court, and then supreme court in 2019. 9. As the case was dragging in court all this years, the money kept increasing due to the 22% interest. 10. As at when Appeal court passed judgement, it was still around 8 billion Naira. 11. After supreme court pass judgement in 2019, GTB decided to change their name to GTCO and change their structure. 12. Many people believe GTB's Change of name and structure is a move to avoid paying the judgement debt (since the judgement debt is against GTB and not GTCO). 13. Innoson went to court to try to prevent them from changing name and structure, but he probably failed because GTB went ahead to change name and structure. 14. The judgement debt is currently over 33 billion, and increasing due to the 22% interest. GTB haven't shown any willingness to pay. 5 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 11:40am On Dec 03, 2021 |
mushystuff:GTB don transfer all her asset to GTco |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by ABANGWABOI(m): 11:40am On Dec 03, 2021 |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by mrvitalis(m): 11:44am On Dec 03, 2021 |
DubaiLandLord1:So when you owe debt and change name your debt disappear ? Worse they can do is offer to pay him in shared them dilute the shares 3 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Micmuzac: 11:48am On Dec 03, 2021 |
Cantonese:thier legal department should be ripped to shreds and reconstituted if they had urged the board on this I knew they were loosing the moment they appealed instead of out of court settlement unless its malami that's the president of the supreme court of Sharia could they have overturned the previous judgement or get maina treatment, too much lawlessness in corporate entity 2 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by jboy2014: 11:50am On Dec 03, 2021 |
All Ipob will agree with the supreme court on this judgment, but when it comes to IMO state, the supreme court is made up of Hausa judges... One thing I know for sure is that the day an Ipob takes over GTB, is the last day I bank with them, can't trust my money with an ipob. |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 11:50am On Dec 03, 2021 |
Terrier99: Is it possible for GTB to sell all its assets to GTCO without selling it's liabilities? ![]() ![]() ![]() 6 Likes |
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