Guarantee Trust Bank has assured customers that it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out by Innoson motors, following the later’s announcement yesterday.
On Friday, Innoson motors announced that it has secured a writ of Fifa from the federal high court in Awka, Anambra state against GTB to effect the judgement given by the Federal High Court and upheld by the Supreme Court.
In a statement by its head of Corporate Communication, Cornel Osigwe, the company said: “The Chairman of Innoson Group, Chief Dr. Innocent Chukwuma, OFR has through a Writ of FiFa taken over Guaranty Trust Bank PLC for and on behalf of Innoson Nigeria Ltd as a result of the bank’s indebtedness to Innoson Nigeria Ltd. In a landmark decision on February 27th 2019, the Supreme Court of Nigeria dismissed GTB’s appeal — SC. 694/2014 — against the judgment of Court of Appeal, Ibadan Division.”
“We have taken over GTBank in Awka and Nnewi,” Osigwe subsequently announced, adding that “other branches are coming soon”.
However, GTB has moved to assure its customers that their funds were safe and that no one was taking over the bank.
“The attention of Guaranty Trust Bank PLC (“the Bank”) has been drawn to statements circulating in the news and social media in respect of a purported enforcement of a judgement of the Federal High court, Ibadan, Oyo state, at one of its branches in Anambra state,” a statement from the bank said.
“The Bank as a law-abiding corporate citizen is taking all necessary legal steps to address this situation and ensure that no illegal or fraudulent execution is carried out.
“It is important to state that the Judgment allegedly in issue is in respect of a Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity.
“The Bank remains committed to providing best-in- class customer experience to all its valued customers.”
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