I'm close to taking over GTB - Innoson CEO

The Chairman of Innoson Vehicles Manufacturing (IVM), Chief Innocent Ifediaso Chukwuma, says he is close to taking over GTB.

1/18/2022 12:54:00 AM

The Chairman of Innoson Vehicles Manufacturing (IVM), Chief Innocent Ifediaso Chukwuma, says he is close to taking over Guaranty Trust Bank (GTB).

The Chairman of Innoson Vehicles Manufacturing (IVM), Chief Innocent Ifediaso Chukwuma, says he is close to taking over GTB.

ByTitus ElewekeMon, 17 Jan 2022 22:25:28 GMTThe Chairman of Innoson Vehicles Manufacturing (IVM), Chief Innocent Ifediaso Chukwuma, says he is close to taking over Guaranty Trust Bank (GTB).He made the statement during an interactive zoom meeting he had with journalists on Sunday in Anambra State.

This legal battle between Innoson GTB dates back to 2011 when Innoson Nigeria said it realised that GTBank had wrongly debited its account with charges in excess of N700m (then:$4.7m; now: $1.9m) but has dragged up to billions in naira.The bank is allegedly owing Innoson over N30 billion in accrued interest by 22 percent.

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Congratulations in advance sir. Amaechi We wish you all the best ! You are welcome

N2.4bn debt: Supreme Court rules in favour of GTB over Innoson MotorsThe Supreme Court has ruled in favour of Guaranty Trust Bank after it reversed its earlier decision which dismissed an appeal by GTB against a N2.4bn judgment given in favour of Innoson Motor 1:🖤Retweet this🗝 2:❤️Like this❤️ 3:🗝Follow all who like and rt this🖤 4:🖤Follow back all that follow you🗝 5:❤️Gain followers fast❤️ Follow👉🏻HARRYS1DEMPIRE 👑 nharth___ IreneVarMex ElBlondyRD Mc_gain Mechis_M Leonina_0108 Aluddin19 Samuel9232 Mc_gain 1DDrive Nonsense 😠😠 we're not surprised supreme court biko. Nigeria my supreme court decision NDI ALA NDI ALA Abeg wetin cause fight

N2.4bn debt: Supreme Court rules in favour of GTB over Innoson MotorsThe Supreme Court has ruled in favour of Guaranty Trust Bank after it reversed its earlier decision which dismissed an appeal by GTB against a N2.4bn judgment given in favour of Innoson Motor 1:🖤Retweet this🗝 2:❤️Like this❤️ 3:🗝Follow all who like and rt this🖤 4:🖤Follow back all that follow you🗝 5:❤️Gain followers fast❤️ Follow👉🏻HARRYS1DEMPIRE 👑 nharth___ IreneVarMex ElBlondyRD Mc_gain Mechis_M Leonina_0108 Aluddin19 Samuel9232 Mc_gain 1DDrive Nonsense 😠😠 we're not surprised supreme court biko. Nigeria my supreme court decision NDI ALA NDI ALA Abeg wetin cause fight

N2.4bn Judgment Debt: S’ Court Reverses Self, Restores GTB’s Appeal against Innoson MotorsAlex Enumah in Abuja The Supreme Court has set aside its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria … It's obvious the supreme court is messing up igbo people. Same court told us they can't reverse themselves on the case of imo governorship when Emeka ihedioha approached it and now same court reversing itself accepting the court erred. What is the crime of ndi igbo? 😭😭😭 I need an explanation! Can someone explain our crime for being Igbos in Nigeria? The CJ of Nigeria said supreme court can't reverse itself in it's own judgement. Now what happened? How do i explain to my children living in USA that Igbos are Nigerians? What is our hope May God punish devil! It is quite obvious the SCON is a confused entity and haters IgboCourse. The same court refused to reverse themselves in the case of Imo State governorship when EmekaIhedioha approached is now doing otherwise; reversing its earlier judgement. What a scam!

N2.4bn Judgment Debt: Supreme Court Restores GTB’s Appeal Against Innoson MotorsThe Supreme Court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4 billion judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. A judgment delivered by a five-member panel led by Justice Olukayode Ariwoola unanimously held that … Continue reading N2.4bn Judgment Debt: Supreme Court Restores GTB’s Appeal Against Innoson Motors So no information on why GTBank and Innoson Motors are in court in your link? Wetin Retweeters dey retweet self... make una tell us more details.!!!🤷🏽‍♂️ So far it's an Igbo man, they will turn it against him even if the truth it's glaringly in a blind man's eye

GTBank/Innoson dispute: Supreme Court reverses prior ruling, readmits bank's appealThe Supreme Court has ruled in favour of Guaranty Trust Bank after it reversed its earlier decision which dismissed an appeal by GTB against a N2.4bn judgment given in favour of Innoson Motor EmmanuelPipa I quickly followed back Wait that means, Imo election can be reversed? 👀

'N2.4bn debt': S'court reverses 2019 judgment, to hear GTBank-Innoson suit after error from registrar | TheCableThe supreme court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4billion... gtbank innosonvehicles So S, Court can reverse Imo criminal court order

I’m close to taking over GTB – Innoson CEO By Titus Eleweke Mon, 17 Jan 2022 22:25:28 GMT The Chairman of Innoson Vehicles Manufacturing (IVM), Chief Innocent Ifediaso Chukwuma, says he is close to taking over Guaranty Trust Bank (GTB). He made the statement during an interactive zoom meeting he had with journalists on Sunday in Anambra State. This legal battle between Innoson GTB dates back to 2011 when Innoson Nigeria said it realised that GTBank had wrongly debited its account with charges in excess of N700m (then:$4.7m; now: $1.9m) but has dragged up to billions in naira. The bank is allegedly owing Innoson over N30 billion in accrued interest by 22 percent. Commenting on the development, he said, “The way GTB is going about the case is disappointing; however, at the right time, we will move in and take over the bank. “GTBank is only prolonging the dooms day, if they like they should change their names as many times as possible, once I’m ready, I will take over the bank.” Meanwhile the Supreme Court had on last Friday reversed its earlier dismissal of an appeal by GTBank against a N2.4 billion judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. In a judgment delivered on Friday, a five-man panel, led by Justice Olukayode Ariwoola, held unanimously that the Court erred when, in a ruling on February 27, 2019, it dismissed the appeal marked SC/694/2014 filed by GTB. In the lead judgment, written by Justice Tijani Abubakar but read by Justice Abdu Aboki, the apex court held that it was misled by its Registry, which failed to promptly bring to the notice of the panel that sat on the case on February 27, 2019 that GTB had already filed its appellant’s brief of argument. The judgment was on an application by GTB seeking the re-listing of the appeal on the grounds that it was wrongly dismissed. The Supreme Court noted that had the panel that sat on the case on February 27, 2019 been notified of the existence of the appellant’s brief of argument, it would not have dismissed GTB’s appeal for lack of diligent prosecution. Relying on Order 8 Rule 16 of the Supreme Court’s Rules, Justice Abubakar, held that the apex court has the power to set aside its decision in certain circumstances, like any other court. He said such circumstances include where there is any reason to do so, where any of the parties obtained judgment by fraud or deceit, where such a decision is a nullity or where it is obvious that the court was misled into giving a decision. Abubakar held that the circumstances of the GTB case fell into the category of the rare cases where the Supreme Court could amend or alter its own order on the grounds that the said order or judgment did not present what it intended to record. “I am convinced that at the material time that the appellant’s appeal was inadvertently dismissed by this court, there was a valid and subsisting brief of argument filed by the applicant. It will be unjust to visit the sin of the court’s Registry on an innocent, vigilant, proactive and diligent litigant. “The order dismissing the appeal was, therefore, made in error. It ought not to have been made, if all materials were disclosed. The application is, therefore, meritorious and hereby succeeds,” he said. Dear Reader, Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world.