The Guaranty Trust Bank has said it is taking all necessary legal steps to ensure no illegal or fraudulent execution is carried out against it following Innoson Motors’ announcement of plans to seal up the bank’s head office as a move to enforce judgement of courts.
Innoson Motors spokesperson, Cornell Osigwe had on Saturday told the media that the company would move to the headquarters of GTB plc in Lagos to effect the judgement of courts that awarded it an estimated N8.8billion.
Reports have it that Innoson’s agents had also sealed seven branches of the bank in Awka and Enugu and plans to take further action by sealing the head office of the top flight bank.
“From next week, we shall move to GTB head office to enforce the judgement of courts. We will sell those properties to get our money back”, Osigwe said.
But GTB Plc in reaction claimed that the judgement Innoson is executing was not against it but a customer of the bank, Nigerian Customs and Excise Board.
In a statement, the bank’s secretary, Eric Obebeduo said the garnishee order in question arose from a judgment of the Federal High Court, Ibadan, Oyo State.
The bank said the order was not against it but a customer of the bank, Nigerian Customs and Excise Board.
“It is important to state that the Judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian Customs Services Board domiciled with the Bank and not against the Bank as an entity.
“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”, Obededuo said.
However, Innoson Motors Nigeria Limited said its action, the sealing of seven GTB offices in Awka and Enugu, followed a Supreme Court judgement that affirmed the earlier judgement by the high court and the appeal court in Ibadan.
Innoson in a statement on Friday claimed it obtained a court order to take control of GTB over-indebtedness of N8.8 billion.
