Innoson Boss, Chukwuma making move to take over GTB

The battle between Guaranty Trust Bank and Innocent Chukwuma, chairman, Innoson Group, has deepened as the billionaire is optimistic of taking over the bank.

He made this remark during a briefing with journalists.

this coming following the bank’s non payment of N32bn and the accrued interest owed him.

In 2019, Innoson Nigeria Limited obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against GTB to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria.

The court in Ibadan had ordered GTB by way of Garnishee order absolute – to pay N2.4bn to Innoson with a 22% interest, per annum, on the judgment sum until the final liquidation of the judgment debt.

The decision was also upheld at the Supreme Court.

The businessman had also unsuccessfully tried to block the company’s restructuring into a holding company- Guaranty Trust Holding Company Plc (GTCO).

He explained to newsmen that the then MD and the new Chief Executive Officer of GTCO, Segun Agbaje, is responsible for escalating the case with the bank.

Chukwuma said, “I was GTBANK’s best customer in the South-East when Tayo, the former MD, was alive. Because of this, they opened a branch in Nnewi. After Tayo, the new MD took over. I don’t even know him. I saw him for the first time last year.