News

GTB Reacts To Purported Judgement Awarding Billions to Innoson Motors

Published

6 years ago

June 7, 2018

GTBank has reacted to viral news that it has been mandated by the Supreme Court to pay billions to Innoson Motors.
Following a statement by Innoson Motors alleging that it has obtained a purported directive from the Supreme Court of Nigeria ordering GTBank to pay the company billions over a lingering case, GTBank through its company secretary has reacted.

In a statement released on its Facebook page, GTBank denied the report.

Read GTBank statement on the matter below:

The attention of GTBank has been drawn to false, mischievous and malicious statements circulating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers.

The Bank’s Customers and the General Public are hereby kindly urged to disregard these false statements as nothing could be further from the truth. There was no directive or Order issued by the Supreme Court of Nigeria to the Bank to make any payment to any of its debtor Customers.

The Bank as a highly responsible corporate citizen will in accordance with its culture and tradition refrain from making comments about on-going litigation matters and will continue to focus on using legal means to recover its bad debts. It must be emphasised that the Bank remains undeterred in its recovery drive against recalcitrant debtors.

We again reiterate that there is no iota of truth in the falsehood being peddled by desperate and mischievous elements and the General Public should disregard same in its entirety.

The Bank remains committed to providing best-in-class customer experience to all its valued Customers.

We thank you for your continued support and patronage.

For the bank,

Erhi Obebeduo

Company Secretary.