After the breaking news hit the airways that Guarantee Trust Bank has been taken over by Innoson group who finally won the court case that had lingered for a while now, the bank finally issued a statement on the takeover and sent a special message to the latest boss.
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On Friday, a writ of Fifa from the Federal High Court in Awka, Anambra State, against GTB was obtained by Innoson Nigeria Limited. After all, said and done, GTB didn’t take a bow without dropping a few words for Innoson.
They said,” we are taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out by Innoson motors, with whom we had a long-drawn-out court case.”
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Meanwhile, Cornel Osigwe, who is the Head of Corporate Communication of Innoson announced on Friday saying that 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 the Court of Appeal, Ibadan Division.”
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He said they have taken over GTBank in Awka and Nnewi. He added that other branches will soon be under their control.
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GTB, however, has assured its customers of the safety of their funds, clarifying that the said judgement is applicable to the account of the Nigerian Customs Service Board domiciled with the bank, rather than the bank as an entity.
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“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.
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They emphasized that it was 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.
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Guarantee Trust Bank PLC further assured it’s customers that it remains committed to providing best-in-class customer experience to all its valued customers.
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SOURCE: SAHARA
