GTBank: We’re Taking Legal Steps on Issues with Innoson Motors

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Managing Director/CEO of GTBank Plc, Mr. Segun Agbaje

Davidson Iriekpen

Guaranty Trust Bank (GTBank) has said it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out over its court case with Innoson Motors.

Innoson Nigeria Limited had announced that it obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against GTBank.

According to the company, the writ is to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria.

The company Secretary of GTBank, Mr. Erhi Obebeduo, in a statement, however, assured the bank’s customers of the safety of their funds.

In its clarification, GTBank said the judgment was applicable to the account of the Nigerian Customs Service Board domiciled with the bank, rather than the bank as an entity.

“The attention of Guaranty Trust Bank Plc has been drawn to statements circulating in the news and social media in respect of a purported enforcement of a judgment of the Federal High Court, Ibadan, Oyo State, at one of its branches in Anambra State.

“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.

“It is 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.

“The bank remains committed to providing best-in- class customer experience to all its valued customers,” it said.