Management of Nigeria’s automobile
manufacturer, Innoson Motors has insisted that the Supreme Court actually
ordered Guarantee Trust Bank (GTB) to pay the sum of N6B within 14 days of
judgment, “as a result of excess and unlawful charges which GTBank took from
Innoson’s account domiciled with it.”
According to a statement signed by the firm’s
Head of Corporate Communications, Cornel Osigwe, the Supreme Court on 7th June
2018, struck out the application filed by GTBank on the stay of execution of
the order of Court of Appeal.
“On 9th of December 2014, the Court of Appeal
Enugu Division, delivered a ruling and ordered Guaranty Trust Bank Plc (GTB),
to, within 14 days, pay a Judgment debt of about N6Billion to the Deputy Chief
Register of the Court who shall pay same into an interest yielding account
pending the determination of GTB’s appeal.
“However GTBank not satisfied with the ruling
of the Court of Appeal, headed to the Supreme Court and filed a motion for stay
of the execution of the order.” The statement reads.
According to Osigwe, the N6Billion judgment
debt as at 7th June 2018 is over N14Billion. He added that the Court of Appeal
ordered that GTB should pay the judgment debt to the Deputy Chief Register of
the Court within 14 days from the date of ruling and which sum of money the
Deputy Chief Register shall pay into an interest yielding account in a
reputable bank takes effect immediately.
“We are therefore right to state: GTB shall
Pay Innoson’s N14Billion Judgment Debt into an Interest Yielding Account within
14 days.
“Furthermore we are aware of the fact that
GTBank in an Affidavit sworn on 12th December 2014 at the Court of Appeal Enugu
Division after the Court ordered it to pay the Judgment debt into an interest
yielding account.” Osigwe clarified.
Recall that GTB last week faulted the claims
of Innoson as regards the Supreme Court judgement.
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