BREAKING: Court 'Empowers' Innoson Motors To Take Over GTB’s Properties | Sahara Reporters

The Judgment debt of N2.4bn has an accrued interest as at today of about N6,717,909,849.96 which results to about N8.8 billion."We have taken over GTBank in Awka and Nnewi," Osigwe subsequently announced, adding that"other branches are coming soon".

However, GTB appealed this decision at the appeal up to the supreme court. But, according to Innosson, the Supreme Court on February 27, 2019, dismissed GTB’s appeal and upheld the decision of both Federal High Court and the Appeal Court. “Thus, the Court of Appeal affirmed the judgment of the Federal High Court, Ibadan Division which ordered GTB by way of Garnishee order absolute — to pay N2.4billion to Innoson with a 22% interest, per annum, on the judgment sum until the final liquidation of the judgment debt. Rather than obey the judgment of the Court of Appeal, GTB approached the Supreme Court to challenge the Court of Appeal's decision.

Students bank😨😨😨😨 My children go n withdraw ur money quick💆💆💆 I don't want to hear stories like'Bukola Saraki Bank' oooo😂😂😂😂😂

this is a funny headline and that's all Nigerians read. how much is the money in question and what is the worth of GTB? who is liable to pay the money, gtbank or NIGERIA_CUSTOMS ?

. . ...

Please shara explain

How mr Sahara?

Lie !!!

Wow

NphyM Gtb.... I use God beg una o

Chai.. GTB

😲😲

its a welcome development

like seriously serves them right

Lol... gtbank pay na before Dem start to send bdc say make we withdraw our money...

If lie travels a hundred miles a hundred years, just a day truth will overtake itgtb. What goes round comes round. Separate business from politics that your days may be long!

Ibo kwenu

At long last.... What will be the outcome of the customers

So Innoson Motors now owns GTB

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