GTBank N14bn claims: Innoson makes U-turn, denies apologising to Nigerians

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Innoson
Innocent Chukwuma

GTBank N14bn claims: Innoson makes U-turn, denies apologising to Nigerians

NEWS DIGEST – Innoson Motors on Wednesday denied ever apologizing to Nigerians over its statement that the supreme Court ordered Guaranty Trust Bank to pay 14bn.

The company said an unauthorised person tweeted the apology and not the company.

The suit involved a temporary motion brought by GTBank in an ongoing dispute over transaction charges.

The indigenous automaker said, by implication, last week’s Supreme Court decision means GTBank must deposit N14 billion with the Court of Appeal.

The Enugu Division of the Court of Appeal reportedly asked GTBank to pay about N6 billion into an interest-yielding account in a 2014 decision.

But Innoson said its calculation showed that the money had grown to N14 billion because GTBank failed to comply with the order when the Court of Appeal first handed it down in 2014.

Wednesday night statement signed by Cornel Osigwe, corporate communications lead at Innoson Group, said a tweet that came from the company’s official Twitter handle on Monday was unauthorised.

The Twitter post, which was later deleted, said Innoson was sorry for distorting the facts to misinform the public on the outcome of Supreme Court’s sitting on a temporary motion over the matter on June 7.

“We want to state categorically that at no time did we ever recant from our position that GTBank shall within 14 days pay the sum of over N14 billion judgment debt to the Deputy Chief Registrar of the Court of Appeal Enugu Division and which shall be paid into an interest yielding account in a reputable bank,” Mr Osigwe said.

“We maintain that by the Supreme Court’s decision on June 7, 2018, in which the bank struck out application of the motion for stay of the execution filed by GTBank, GTBank is advised within 14 days from the date of the Supreme Court decision striking out its application to obey the subsisting order of the Court of Appeal and pay the judgment debt to the Deputy Chief Register of the Court and which sum of money the Deputy Chief Register shall pay into an interest yielding account in a reputable bank,” the spokesperson added.

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