GTBank Clarifies ‘Fake’ News Regarding Innoson

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Guaranty Trust Bank (GTB) says 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.

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

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 GTB, Mr Erhi Obebeduo, in a statement, however,
assured the bank’s customers of the safety of their funds.

In its
clarification, GTB said the judgement 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
(“the Bank”) has been drawn to statements circulating in the news and
social media in respect of a purported enforcement of a judgement 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.

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