N2.4bn debt: Supreme Court rules in favour of GTB over Innoson Motors

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The 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

A senior official of GTB, who confirmed this toA judgment delivered on Friday by a five-member panel, led by Justice Olukayode Ariwoola, held unanimously that the Supreme Court erred when, in a ruling on February 27, 2019, it erroneously dismissed the appeal marked: SC/694/2014 filed by GTB.

The judgment was on an application by GTB seeking the re-listing of the appeal on the grounds that it was wrongly dismissed. Relying on Order 8 Rules 16 of the Supreme Court’s Rules, Justice Abubakar, in the lead judgment, held that the apex court has the power to set aside its decision in certain circumstances, like any other court.

 

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I think ds will put paid to Innoson's grand dream of taking over ownership of GTB. While I hope Innoson will not proceed to d World court to seek redress of ds supreme court ruling on d matter: GTB and Innoson shld come to d negotiating table and settle d issue once and for all

Nonsense 😠😠 we're not surprised supreme court biko. Nigeria my supreme court decision NDI ALA NDI ALA

Abeg wetin cause fight

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