The Managing Director of Guaranty Trust Bank (GTBank), Segun Agbaje, its Chairman, Mrs Osaretin Demuren and the Company Secretary, Erhi Obebeduo, are expected to physically appear before the Federal High Court Awka, to show cause why they should not be committed for contempt and sent to prison.
Innoson Group, on Sunday warned GTBank to respect the judgement of the Supreme Court which ordered it to pay the company N8.7billion.
Innoson Group has vowed to takeover Nigeria’s financial institution, GTBank.Cornel Osigwe, Head of Corporate Communications, said this in a statement, while reacting to GTBank response he said: “GTB in a press statement signed by Erhi Obebeduo, claimed that “the judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity”. GTB by this claim is nothing short of being economical with the truth.
Guarantee Trust Bank says it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out by Innoson motors, with whom it has a long-drawn-out court case.
Innoson Nigeria Limited, Nigeria’s indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, GTB, following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company.
From left: Head of Public Sector Group, Guaranty Trust Bank Plc, Tosin Gbogboade; Executive Director, Gtbank, Haruna Musa, Comptroller General of Nigerian Immigration, Muhammed Babandede and the Managing Director/Chief Executive Officer, Guaranty Trust Bank Plc, Segun Agbaje, during the commission of Gtbank Payment Centre, held at Nigerian Immigration Office, Ikoyi in Lagos. July 26, 2018.
From left: Managing Director/Chief Executive Officer, Guaranty Trust Bank Plc, Segun Agbaje; Comptroller General of Nigerian Immigration, Muhammed Babandede and the Executive Director, New Works Solution Ltd, Usman Kuso,during the commission of Gtbank Payment Centre, held at Nigerian Immigration Office, Ikoyi in Lagos. July 26, 2018.
Innoson has today admitted that there was no Supreme Court judgement against GTBank. After falsely claiming a victory at the Supreme Court of Nigeria, Chairman of Innoson Motors, Dr Innocent Chukwuma has admitted to completely distorting the directive of the Supreme Court and publicly apologized for spreading fake and malicious news. Innoson had earlier deleted his declaration on social media that the apex court has ordered GTBank to pay him N14bn within 14 days.
Innocent Chukwuma may be having the last laugh over his travail with GTBank giving the Supreme Court ruling today striking out the bank’s motion for stay of execution of the Enugu Court of Appeal Division’s order that it should pay over N6 Billion into an interest yielding account at the Court of Appeal. The Supreme Court also ordered GTBank to pay Innoson N14 billion within 14 days.
Guaranty Trust Bank (GTB) has launched a competition tagged ‘Dusty Manuscript Contest’ to give budding writers the opportunity to win publishing deals for their finished, but yet-to-be published, manuscripts.
Guaranty Trust Bank PLC (GTBank) has won 3 awards at the EMEA Finance Awards, 2017. The awards are the Best Bank in Nigeria, Best Bank for Corporate Social Responsibility (CSR) in Africa, and the Bank’s Managing Director (MD) and Chief Executive Officer (CEO), Segun Agbaje got the award for the CEO of the Year.