Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) - Business (9) - Nairaland
Nairaland Forum / Nairaland / General / Business / Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) (43968 Views)
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| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:24am On Mar 31, 2019 |
Unik3030: Bros you are talking like a child. Innoson won GTBank at high court, GTBank went to appeal court and innoson still won. Finally they went to Supreme Court and innoson still won, is like you haven’t been following this drama from the beginning. That was why last two years GTBank resulted to using EFCC to bully innoson on a case that was in court already. Imagine EFCC slap innoson wife, bros reason am na, come scatter him house join untop matterwey Dey court already o. Is EFCC higher than the court of law? 6 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:30am On Mar 31, 2019 |
chloride6: What did he steal from you or any of your family members? Your hypocrisy will make you call a man who has never been in government a criminal because he’s an Igbo man but will turn blind eye on the biggest thief in SW Nigeria Asiwaju Bola Ahmed Tinubu. Make hatred no kill you o my guy. 9 Likes 1 Share |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by whirlwind7(m): 11:31am On Mar 31, 2019 |
omega2128: Watch that video again. Meanwhile, this same video one hungry blogger unearthed has been on Youtube since 2017. Copy the topic on NL and paste it on d search bar on youtube, and it will lead you directly to it. Now pay attention: in that video, Innoson said GTB told the court that if they (GTB) pay Innoson 8billion, their bank will collapse. GTB said that. In that same video, Innoson said he doesn't believe that a mere 8billion will wreck the bank. He said the bank is just acting funny over the amount. That the bank can issue him shares worth that money if it can't afford cash payment. That him owing such shares would make him help the bank in the process (of course, he would want his shares to grow and worth more) So, it's not about what people think. GTB first gave the impression since 2017 that it couldn't afford to pay Innoson that amount. We don't believe it. Innoson doesn't believe it either. 1 Like |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 11:31am On Mar 31, 2019 |
Kfed4ril: Nobody is attacking Igbo people... Stop chest beating Innoson defrauded GTB . Simple |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:33am On Mar 31, 2019 |
chloride6: Bros provide the forged documents na, what is hard for GTBank to tender the forged documents to court? 1 Like |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 11:38am On Mar 31, 2019 |
chloride6: Bros I have said it before, shey GTBank said innoson submitted a forged document, let them provide it in court na. As simple as ABC. 5 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 11:50am On Mar 31, 2019 |
Kfed4ril: Time will tell. |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Ewedegubbler: 12:04pm On Mar 31, 2019 |
Kfed4ril: Stop indulging that Demented malicious cone headed idiot from one slum in Osogbo He can go drown himself in his mother’s pot of ewedu for all we care. GTB must obey the Supreme Court judgement or the law breaks the mumu thieving bank. 6 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by BrownRoofRep: 12:10pm On Mar 31, 2019 |
Meliaen:Aside Lagos Onitsha is more useful and far batter than all the Afonja brown roof slums added together. Hosting the biggest market in black Africa is a feat you Afonja cone heads will never achieve in your mischievous life time. 6 Likes 1 Share |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by NothingDoMe: 12:12pm On Mar 31, 2019 |
omega2128:I think it was GTbank that made that comment to avoid paying. That's a normal dispute tactic. The problem is every cent is accounted for in the banking industry or should i say every kobo. Paying that money may likely result in consequences for Segun and the bank. There are things that money cannot buy like a good name 1 Like |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:19pm On Mar 31, 2019 |
PURITYAUTOZ: chloride6 |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 12:19pm On Mar 31, 2019 |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:20pm On Mar 31, 2019 |
Chloride6. GTB page is lying and this analysis is dealing with your case. Meanwhile, bring the phony court case. Let's go there , instead of crying for thieving GTB Whoever issued this Press statement on behalf of GTB either doesn't understand the meaning of Garnishee proceeding or he thinks Nigerians don't. Either way, this is a very weak attempt at obfuscation. I'm referring to the 3rd paragraph where GTB claimed the Nigerian Custom Service is the entity against whom the execution of the garnishee order is directed. That is not exactly correct. To be clear, I have little interest in the legal gymnastics involved in this case since I am not a lawyer. I believe the court is already doing justice to that. I am only interested in the academic part of this case in order to ensure that no matter which camp you belong to, if you are 'chuucking' your mouth, you will be doing it from the position of understanding. Innoson has two court cases with the GTB, one is about the criminal deduction from the account he has with the Bank and the second one is a Garnishee proceeding instituted by Innoson as the judgement creditor and the GTB as the third party in whose custody funds belonging to the judgement debtor (Customs) is domiciled. First, let us understand what Garnishee proceeding is. In a simple layman English, Garnishee Proceedings is a Legal Action in which a court directs a Third Party (known as the Garnishee) that has in its possession monies or other money instrument belonging to or accruable to one who is owing another (judgement debtor) to pay that money to the person being owed known as the judgement creditor. The 3rd party here could be an Employer who has in his/her possession salaries accruable to the judgement debtor. For example, if Charles Ogbu owes a woman who sells achicha close to his office and refuses to pay, after convincing the court that she is owed by Charles, the woman may decide to institute a garnishee proceeding where the court will force Charles Ogbu's Employer to channel Charles' salaries to her until the judgement debt owed by Charles is liquidated in full. If my Employer fails to abide by the garnishee order and the woman goes back to court to get a Writ of Execution, it will be fully enforced, NOT AGAINST ME (Charles) who is owing but against my employer (the Garnishee) who will now be treated by the court as the debtor. NOTE: Garnishee proceeding cannot just be instituted on nothing. It must stand on the foundation of a money judgement in which it was established that the judgement debtor actually owes the judgement creditor. That is when Garnishee proceeding can now be used to recover the debt. Though it is possible that in some places, the Sheriff and his deputies can use Garnishee proceeding to recover debt for a judgement creditor without first getting a money judgement. But in most cases, the Third Party is usually the Banks where people keep money as is the case here. In 2004, during the government of Chief Olusegun Obasanjo, the Nigerian Custom Service seized goods legally imported by Innocent Chukwuma, the chairman of Innoson and went further to auction off the goods. Innoson took Customs to court claiming damages and won but the Custom Service refused to pay him the money as ordered by the court. He (Innoson) then located Customs account with the GTB which has enough funds to settle the judgement debt and instituted a Garnishee proceeding with GTB as the third party known as the Garnishee but the Bank REPORTEDLY connived with the Nigerian Custom service and released the fund already covered in the garnishee proceeding to the Custom. By allegedly conniving with the judgement debtor (the Customs), GTB, in the eye of the law, has ceased being a Third Party but has automatically become the judgement debtor against whom the Writ of Execution must be implemented in full. Now, there is a little confusion here: In its Press statement released yesterday, Innoson Vehicles claimed its Writ of Fi Fa (a legal document by which assets, mostly movable assets, belonging to a judgement debtor may be seized) with which it sealed off some GTB branches in Anambra state yestarday, is in connection with the illegal deduction case while the GTB in its own statement below is claiming the action of Innoson is in respect of a Garnishee proceeding against the account of the Nigerian Customs domiciled with the Bank and not against the Bank as an entity. If Innoson is sealing off GTB branches with a Writ of Fi Fa, it is illogical to claim it is in respect of a Garnishee proceeding against the account the Nigerian Customs Service has with the Bank because Garnishee proceeding is mostly targeted at the third party holding money belonging to the judgement debtor in its possession. It must either be in respect of the illegal deduction case as claimed by Innoson or it must be in respect of the Garnishee proceeding in which GTB is the erring Garnishee who connived with the judgement debtor and is now being treated as the debtor. Either way, GTB is clearly being economical with the truth here. 11 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:21pm On Mar 31, 2019 |
chloride6: It's a comment here. Fake person. You will suffer for GTB. We await your phony court case 5 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by darkman200: 12:36pm On Mar 31, 2019 |
Although I almost took this as Ibos vs Yorubas again, however after listening and reading up on this story, I believe GTB is at fault. Agbaje should pay up. Agbaje is too arrogant for his own good, this should have been settled out of court. 3 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by NLandIsHypocrit: 12:40pm On Mar 31, 2019 |
chloride6:You struggled so hard to make at least a little sense but all to no avail, your foolishness still stinks to high heavens. Innosson is broke and yet he borrowed money to a bank to the tune of 8 billion which the bank never denied but complained that they will collapse if they pay the money that they're actually owing O , now between Innosson who has kept his business going without 8 billion and GTB who is crying fowl of crashing if they pay their depth who is broke? Do you see that you're mad out of hypocrisy, bigotry and unprovoked hatred? |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by themonk(m): 12:40pm On Mar 31, 2019 |
chloride6: Oga stop talking about what you have no knowledge about, cash equivalent is not the same as cash, anything that can be converted from or to cash can be a cash equivalent but cash is cash and cannot be stored electronically. 4 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by InyinyaAgbaOku(m): 12:43pm On Mar 31, 2019 |
Chloride6, this is from Innoson interview : Innoson: After high court Ordered GTB to pay my 8bil they went to Appeal Court to swear affidavit of not having such money that if they pay it they will collapse & to turn the case against me. I told them if they don't have the money cash let them give me shares. I will also inject more money in the bank to make sure it doesn't fall. |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Malawian(m): 12:47pm On Mar 31, 2019 |
After learning about Garnishee proceedings and it's modus of operation, as well as terms like Writ of Fi Fa, I can now accept why Law is a 5 year course just like Engineering, and why those suit wearing student refered to themselves as "learned colleagues". 3 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by skales67(m): 1:16pm On Mar 31, 2019 |
chloride6: Blah blah blah blah! First it was... Innoson will lose his case to GTB! GTB is bigger than Innoson!... Then... EFCC will deal with Innoson... Then... FG will soon shut down Innoson... Then... Innoson will go to jail... NOW... Innoson is broke and GTB will never pay him!! Rubbish vituperations from cowards!! 7 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by LegalOpinion: 1:18pm On Mar 31, 2019 |
stephleena: Hahahahaha! GTBank needs to approach the customary court in Nnewi to win Innoson. |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 1:25pm On Mar 31, 2019 |
omega2128: What did innoson do to earn him a very long prison term? |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Nodogragra4me(m): 1:30pm On Mar 31, 2019 |
For your mind na you be intelligent person. A man that bank of industry supports and uses as a signpost of their success story is what a lowlife like you is foaming and having hardon about his issue with GTB. In your lineage nobody man or woman, dead or alive has ever had 8 billion naira to his or her name and you are here forming professor of finance and CIA at the same time chloride6: |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 1:30pm On Mar 31, 2019 |
Meliaen: Do you think it’s only one branch he will lock up? You area bigger dunce for not knowing that closing down a branch will affect the whole GTBank. |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Dhugal: 1:32pm On Mar 31, 2019 |
chloride6:Let me quickly come in here,before you mislead the unsuspecting with your lies and gibberish. GTB has no forgery case against Innoson as at this moment,rather there are two cases pending between Innoson and GTB,to with: 1.The one of illegal deductions from his account amounting to N756m initially,which went through audit and both parties finally agreed on N559m figure.GTB refused to pay that,ended up in court and lost,both at the High Court,Awka and Court of Appeal,Enugu. Case is now waiting for judgement at the Supreme Court. Judgement debt as at 2018 is N14bn,against GTB,kindly note that. 2.The second case pending between Innoson and GTB,is a N30bn defamation suit,pending at the FHC Lagos.Innoson slammed that on GTB,as a fallout of the 'forgery' allegation suit of GTB,which has been withdrawn by the police and EFCC from court,for 'further investigations',euphemism for no case. In essence,GTB is at risk of a further 14bn lien on its assets,should the Supreme Court uphold the judgments of the lower courts already in favour of Innoson. It's mentality cum stupidity like yours that pushed GTB to this sorry pass now 4 Likes 1 Share |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Kfed4ril(m): 1:33pm On Mar 31, 2019 |
Meliaen: This is the problem with you people, you always bring tribalism to everything, now lemme ask you apart from Lagos, which other city in the west is as commercial as onitsha? 1 Like |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Nobody: 1:39pm On Mar 31, 2019 |
This chloride dude prolly thinks that typing rubbish with good grammar would make him sound smart, after typing over 100 words in this thread, all I could deduce was that he doesn't like innoson and igbos by extension. All that stuff he wrote about the technicalities and Dynamics of the finance/banking sector was... Absolute rubbish.. just a hate filled random internet user, who happens to have a good command of the English language. |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by GiftedMind1JEM: 1:43pm On Mar 31, 2019 |
chloride6: |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by naijajobx: 1:49pm On Mar 31, 2019 |
U alone |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Samcent: 1:50pm On Mar 31, 2019 |
chloride6: You have called Innoson all sorts of unprintable names. Please, what exactly has he taken from you? 2 Likes |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by chloride6: 1:56pm On Mar 31, 2019 |
Samcent: I hate "smart" people datz all.. |
| Re: Innoson Speaks On How GTB Is Owing Him 8 Billion And Refused To Pay (video) by Samcent: 2:05pm On Mar 31, 2019 |
chloride6: Ok. Just take it easy. You are venting too much bile and is not good for the health. I am sure GTB and Innoson motors can sort themselves out, at least the authorities are on the matter....  chloride6: Ok. Just take it easy. You are venting too much bile and is not good for the health. I am sure GTB and Innoson motors can sort themselves out, at least the authorities are on the matter.... Today is Sunday relax and be happy! |
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