Business

GTBank must pay Innoson Motors N12 Billion-Supreme Court

Attend OAU Post UTME, OAU Pre-Degree & OAU Jupeb Tutorials @ Akahi Tutors, Ile-Ife. Call 08038644328 or Click Here For Details

The Supreme Court of Nigeria has ordered the management of Guaranty Trust Bank (GTBANK)to pay Innocent Chukwuma, chairman of Innoson Group a sum of N12 billion within 14 days.

GTBank Bank

CRUSH 2019 UTME, Post UTME, Pre-Degree & JUPEB @ Akahi Tutors, Ile-Ife. Call; 08038644328 or click here for details

This judgement is capable of affecting the bank. We gathered that GTBank has a good financial standing, declaring over 200 Billion in profit in the last financial year. Two finance editors, Festus Akanbi and Emele Onu, declared in a post on Facebook that the judgement awarded to innoson against Gtbank will definately affect the bank.

In a statement by Cornel Osigwe, Innoson Group’s head of corporate communications, the court struck the motion for stay of execution of the Enugu court of appeal division’s order that GT Bank pays N6 billion into an interest yielding account.

Attend OAU Post UTME, OAU Pre-Degree & OAU Jupeb Tutorials @ Akahi Tutors, Ile-Ife. Call 08038644328 or Click Here For Details

Categories: Business, News

Tagged as: , ,

Register and Blast 2019 OAU Post UTME @ Akahi Tutors, Ile-Ife. Call 08038644328