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Nairaland Forum / Nairaland / General / Business / John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover (24148 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 Tellwhat: 11:52am On Dec 03, 2021 |
Terrier99:U be confirm dullapo |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by nameo: 11:52am On Dec 03, 2021 |
Terrier99: Lolz.... you mean Gtco did not carry( inherit) any of the liabilities of GTB? So where do those liabilities reside currently? Or you think Innoson is the only creditor of GTB? What of those that hold their bonds and other such instruments (liabilities)? So you mean what any company owing creditors can just do is to "open" a holding company, transfer assets to that company and leave its liabilities and hence creditors aside? Do you even know why the CBN is insisting that some of the banks open holding companies? I mean, even if, as is apparent, you have very little grasp of the Law, does that make any sense from the financial and regulatory view to you? Come on guys. Educated people are supposed to "think" and express such in public 9 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 11:53am On Dec 03, 2021 |
DubaiLandLord1: Is it possible to transfer only assets without transferring liabilities too? ![]() 3 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by emmyw(m): 11:55am On Dec 03, 2021 |
complexBoss12:This Is Very Annoying, I Thought I Am Experiencing It Alone! |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by adelaja70(m): 11:58am On Dec 03, 2021 |
izzy4shizzy:I still dey enjoy GTBANK sha... |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nothingserious: 11:58am On Dec 03, 2021 |
pacino26: Seriously. Sometime ago I used to think the actors in this case were over-exaggerating this. |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by nameo: 11:59am On Dec 03, 2021 |
PaChukwudi44: As in eh, i didnt even see this comment before sef. How do people think so counter-intuitively. It buggles the mind Swears 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 12:00pm On Dec 03, 2021 |
mrvitalis:I made a mistake sorry, GTB transferred sold her assets to GTco. Never forget this is Nigeria bro. GTB learn from companies like Oando that have done this in the past. The solution right now is for GTco and Innoson to sit down and negotiate. Innoson will never take over GTco, even the CBN won't agree to such an arrangement. |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 12:02pm On Dec 03, 2021 |
Ayemileto:In Nigeria, yes. Things dey happen for this country bro |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by adelaja70(m): 12:03pm On Dec 03, 2021 |
ShoeShineGuy:You are a big fat liar.. I have been banking with them for a long time... No issues at all. 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by delpee(f): 12:07pm On Dec 03, 2021 |
Take over GTBank because of judgement debt? This level of ignorance get as e be. How far with the forgery matter? 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Omotakins(m): 12:07pm On Dec 03, 2021 |
No wonder they deduct money anyhow from customers' acct! |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by nameo: 12:09pm On Dec 03, 2021 |
Ayemileto: Na wa o What is stopping cooler/saner heads in GTB to negotiate and settle this "out of court" with Innoson. The Supreme court has already given judgment. And that settles it, except the same court reverses itself(which is extremely rare). Talk to Innoson. Beg him if you must. Renegotiate(amount, timeline, method of liquiditibg the debt, etc) and pay up according to the schedule. I bank witb GTB. And they have been good to me so far. But maybe it is time to begin to think about diverting my fund with them if this is not resolved quickly Such an unnecessary mess for real 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by preciousmetals: 12:12pm On Dec 03, 2021 |
You're nothing but an idiot to bring tribe into this discussion SlyDev: |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 12:21pm On Dec 03, 2021 |
preciousmetals: Every tribe know that is your modus operandi, you go all out to destroy other tribe business |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by mrvitalis(m): 12:21pm On Dec 03, 2021 |
DubaiLandLord1:When you buy a company you buy it's asset and liability na GTB are still making same mistake thought innoson in just a rich illiterate that's their greatest undoing The igbo apprenticeship system is a great place to learn finance, account , management and investment with practicality for 7 years ...it's no beans oga 5 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by SolarEdge: 12:30pm On Dec 03, 2021 |
Wawwwuuu |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Nobody: 12:31pm On Dec 03, 2021 |
mrvitalis:There are other cases like this in Nigeria, till today, the companies have work away without paying a single kobo. Oando have done it twice or thrice sef. GTco will walk away without paying a dime. How will Innoson enforce the Supreme Court verdict? The best is for both parties to sit down and negotiate. This is Nigeria, a lot of unbelievable things do happen in this country. 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by mrvitalis(m): 12:37pm On Dec 03, 2021 |
DubaiLandLord1:Oga that's the person's problem ... innoson would get his 33bn nothing would stop it Yes it's chicken change for him for it's to make a statement |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by InyinyaAgbaOku(m): 12:38pm On Dec 03, 2021 |
SmartPolician: Your assumptions can't help gtb. If it's illegal, Innoson wouldn't be this bold. Gtb is silent cos they have lostall tricks to get out of this. They had pulled an efcc on innoson and failed. 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Cantonese: 12:47pm On Dec 03, 2021 |
Ayemileto: The rest became what we all see today. Unfortunately we have lawyers, who are lawyers in their robes, but not lawyers in their intellectual capacities. The legal department, in my perception, wrongly advised the bank. If we take a close look also we can discover that one idiot in the management team forced them to ignore advises. I think that GTb does not in anyway deserve our pity. If you owe any bank, they take you to court, seize your collateral, undervalue it, sell it, return for more until they get all their money. 4 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by kingsley55(m): 12:48pm On Dec 03, 2021 |
The Group reported Profit before tax of ₦58.2billion recorded in March 2020.22 Apr 2021, Why is pay off debt of 33bn a problem? |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by bencr7: 12:52pm On Dec 03, 2021 |
SlyDev:wat brought tribe in thiz, u one of d pple that always bring tribe in anything to start tribalism fight on Nairaland get Sense sometimes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Megatrix: 12:53pm On Dec 03, 2021 |
FarahAideed:It doesn't matter in law. If you like change your name or even hand over the company to someone else, the company is still liable. 3 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Cantonese: 12:53pm On Dec 03, 2021 |
nameo: But here you find mostly those who pretend they are educated and those who all they know and understand is tribalism and racism. 3 Likes |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by FarahAideed: 12:55pm On Dec 03, 2021 |
Megatrix: Not when GT still exist |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Cantonese: 12:57pm On Dec 03, 2021 |
Micmuzac: Without doubts, that’s a way forward. Now they all must be struggling with what to do. Do not also forget that depositors confidence would be affected considering also sometime ago when some of GTb’s branches were shut down over this same issue. 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by atiku07(m): 12:57pm On Dec 03, 2021 |
FarahAideed: It will not work so far they are in naija working they will automatically inherit the debt best they can do is negotiate with innoson by paying him half and use the rest as shares so far supreme court has judged in his favor it is game over for GT whatever they choose to bear 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Blackdisciple(m): 1:01pm On Dec 03, 2021 |
33bn Obi cubana can pay that na |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Megatrix: 1:01pm On Dec 03, 2021 |
FarahAideed:Says who? If GTbank likes, let them change names a million times, the court order still binding on them. They should meet innoson and settle out of court. I believe all the man wants is his money and not to take over the bank. They can settle with him to pay the money gradually over four or five years or they can turn it to shares for him in which case he becomes the highest shareholder because the current highest shareholder is about 10 billion naira. |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by chiefobdk2: 1:05pm On Dec 03, 2021 |
Nothingserious:innoson got a supreme court judgement of 32billion with 22% interest rate if not paid.. At the end of this year it 22% 7billion will be added to make it 39billion..andvit will keep growing by 22% until they pay 1 Like |
Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Chiefholloway: 1:08pm On Dec 03, 2021 |
This country eh, same bank that sent DSS to harrass the man at his home, picked him up even though they were owing him. I am sure their plan was to assassinate him so as to change the narrative... Then sit on the money. 1 Like |
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