• About
  • Advertise With Us
  • Home
  • Privacy Policy
Thursday, May 22, 2025
  • Login
Jungle Journalist Media Limited
  • NEWS
  • POLITICS
  • ECONOMY & BUSINESS
  • GAMES & SPORTS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH & FOOD
  • NIGER DELTA
  • SECURITY / MILITARY
No Result
View All Result
  • NEWS
  • POLITICS
  • ECONOMY & BUSINESS
  • GAMES & SPORTS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH & FOOD
  • NIGER DELTA
  • SECURITY / MILITARY
No Result
View All Result
Jungle Journalist Media Limited
No Result
View All Result
  • NEWS
  • POLITICS
  • ECONOMY & BUSINESS
  • GAMES & SPORTS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH & FOOD
  • NIGER DELTA
  • SECURITY / MILITARY

Home » MONEY & BANKING » Innoson Motors boss, Chukwuma, says he will be taking over Gtbank over N32bn debt

Innoson Motors boss, Chukwuma, says he will be taking over Gtbank over N32bn debt

by Jungle Journalist
November 19, 2021
17
SHARES
171
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Chairman of Innoson Group, Innocent Chukwuma, has stated that he will be taking over Guaranty Trust Bank’s assets soon as the lender’s debt owed to him nears a capacity beyond them.

Chukwuma said GTBank, which has restructured into a subsidiary of Guaranty Trust Holding Company (GTCO) owes him N32 billion, and its accruing 22 percent interest.

The automaker had been in a court battle with the Miriam Onasanya-led bank, and requested the Federal High Court in Lagos to prevent GTBank from restructuring into GTCO, but that didn’t stop the process.

The Innoson boss had filed and won suit FHC/L/Cs/603/2006 and FHC/Cs/139/2012. Seven years later, Chukwuma claimed that the court had ordered he can take over GTBank, but the lender dismissed his claim.

But at a press conference with journalists on Thursday, the billionaire said he would no longer force the payment of his debt, stating that he’s going to wait until the debt becomes a financial burden on GTBank.

Chukwuma revealed the genesis of his confrontation with GTBank started when the lender’s late founder, Olutayo Aderinokun, vacated his position, and a new MD took over.

In his explanation, the carmaker 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.”

Chukwuma alluded that the new MD began to play the tribal card, but he had been defeating the lender since their court tussle started.

“They started fighting about tribe. I am not certain about this but I think the reason he (GTB MD) is fighting is because of tribe. I don’t know exactly what his problem is.

“But finally, I have proved him wrong in everything. I have defeated him in all the courts we went to. The only thing left is for him to pay me what he owes me.

“He was going to my account and taking money anyhow. I discovered it, took him to court and won. Up till now, he hasn’t paid and we have gone up to Supreme Court. Maybe he hasn’t paid because he wants Nigeria to change their law because of him.”

Chukwuma further stated that, “The beauty of the whole thing is that the money is attracting the interest of 22 percent. So, I am waiting for the interest to be above their capacity so I can take over the bank,” adding that is “what I am waiting for. I am not disturbing them anymore.

“I am assuring all the customers of GTB that if I take over, I would still run it well. They shouldn’t fear. I haven’t done any business that fails.

“I will run it better than them. If they cannot pay me, I have no choice but to take over the management.”

ReadAlso

INNOSON Donates Made in Nigeria Fire Fighting Truck To Abia

JUST IN: Innoson Motors drag Hope Uzodinma to court over N2.5billion supply debt

Tags: GtbankInnocent ChukwumaInnoson Motors
Share7Tweet4Send
Previous Post

Ugbawka-Nara-Nkerefi Road: How Nigeria’s FG neglected major food distribution chain in the South East

Next Post

Excitement as Group announces Youths Summit, scholarships, empowerment for Ogbunike Youths

You MayAlso Like

GAMES & SPORTS

Abia Gov Woos Investors For Devt Of Global Standard Stadium

May 22, 2025
NATIONAL

RED ALERT: Nigerian Youths Level of Drug Abuse Extremely Alarming – Singer

May 22, 2025
NATIONAL

Another Boko Haram Leader Claims to Be New ‘Shekau’, Issues Threats Against Defence Chief, Muslim Clerics, Others

May 22, 2025
NATIONAL

South-East Governors Have All Thrown Weight Behind Tinubu – Umahi

May 22, 2025
INDIGENOUS REPORTS

Fiery Rejoinder From Indigenous Hausa Of Katsina Against Campaign To Create Fulani-Dominated Emirates In Core Hausaland

May 22, 2025
NATIONAL

BREAKING: Atiku, Obi, El-Rufai reach consensus, move political machinery into new party for 2027

May 22, 2025
Next Post

Excitement as Group announces Youths Summit, scholarships, empowerment for Ogbunike Youths

Discussion about this post

Recent Posts

  • Abia Gov Woos Investors For Devt Of Global Standard Stadium
  • RED ALERT: Nigerian Youths Level of Drug Abuse Extremely Alarming – Singer
  • Another Boko Haram Leader Claims to Be New ‘Shekau’, Issues Threats Against Defence Chief, Muslim Clerics, Others
  • South-East Governors Have All Thrown Weight Behind Tinubu – Umahi
  • Fiery Rejoinder From Indigenous Hausa Of Katsina Against Campaign To Create Fulani-Dominated Emirates In Core Hausaland
ADVERTISEMENT

Recent Comments

  • Ogbuenyi Sunday on Anambra police arrest river-bathing prophet ‘Onye Eze Jesus’
  • Stephen CE on List of international stars who have joined #EndSARS/#EndSWAT and what they said

Trending

Igwe Luke Ogbu Ogbuta Okorie offers 100, 000 each for 62 Nkerefi students to mark 62nd birthday

Igwe Luke Ogbu Ogbuta Okorie Awards #6.2M Scholarship To 62 Nkerefi Students To Mark 62nd Birthday

Innoson, Igwe Ogbuta Visits Peter Mbah, As Innoson Praises Security Strides Of Governor In Enugu State (PHOTOS)

Innoson Motors boss, Chukwuma, says he will be taking over Gtbank over N32bn debt

OKEITE: Akwa Okuku Tiwara Aki, Eke Hit, Onyeze Jesus, 27 Others Face 6-Count Charge, Risks 20-Yrs Jail Term

Coal City Varsity Chancellor, Sir Chinedu Ani picks PDP nomination form for Enugu West Senatorial Zone

LG ELECTIONS: Nkerefi Stands Still For Labour Party

ADVERTISEMENT

Lekki girl who sleeps with dogs for N1.5M battling incurable diseases, confesses to friend

Our Kings Are Not Appointed, You Cannot Hire Or Fire Them — “Igbanke Community Tells Oba Of Benin”

Ndi Igbo Beware! Fr Obiorah Now Illegally Claims Post Of BOT Chairman, MD, Chancellor Of Tansian Varsity, etc

    ADVERTISEMENT

    Popular Stories

    • BREAKING: Gunmen Take Over Onitsha-Owerri Road, Set Over 10 Vehicles, Goods Worth Billions Ablaze

      2794 shares
      Share 1118 Tweet 699
    • JUST IN: CBN Governor, Godwin Emefiele sacked

      1821 shares
      Share 728 Tweet 455
    • BREAKING: Finland police arrests Simon Ekpa 

      1032 shares
      Share 413 Tweet 258
    • BREAKING: IReV Portal Shows Labour Party Won 19 States Plus FCT, PDP 8, APC 7, NNPP 2 States—Baba-Ahmed

      664 shares
      Share 266 Tweet 166
    • NEWS FLASH: Peter Mbah of PDP cruising to victory, wins 14 LGAs in Enugu guber polls 

      537 shares
      Share 215 Tweet 134
    • JUST IN: Daughter of Benin billionaire/CEO of Uyi Technical commits suicide

      510 shares
      Share 204 Tweet 128

    ABOUT US

    Jungle Journalist Media Limited

    Jungle Journalist Media Limited

    Jungle Journalist is an online news and information resource centre dedicated to accurate and timely news reports.

    Read More >>

    CONNECT WITH US

    SECTIONS

    • AGRICULTURE
    • BIZARRE
    • BREAKING
    • BUILDING & PROPERTIES
    • COLUMNIST
    • COMMUNITY REPORTS
    • ECONOMY & BUSINESS
    • EDUCATION
    • ELECTRICITY
    • ENTERTAINMENT
    • GAMES & SPORTS
    • HEALTH & FOOD
    • HOLIDAYS
    • INDIGENOUS REPORTS
    • INTERNATIONAL / DIASPORA
    • LAW & HUMAN RIGHTS
    • LEGISLATION
    • MEDIA INDUSTRY
    • MONEY & BANKING
    • NATIONAL
    • NEWS
    • NIGER DELTA
    • NORTH
    • OBITUARY
    • OIL & GAS
    • OPINION
    • PHOTOS / VIDEOS
    • POLICE / CRIME
    • POLITICS
    • RELIGION & WORSHIP
    • SCIENCE / TECHNOLOGY
    • SECURITY / MILITARY
    • SOCIAL MEDIA
    • SOUTH-EAST
    • SOUTH-SOUTH
    • SOUTH-WEST
    • TRADITION & CULTURE
    • TRANSPORT & AVIATION
    • WOMEN & CHILDREN
    • YOUTH
    No Result
    View All Result

    NEWS SOURCES

  • Punch
  • Nigerian Tribune
  • The Nation
  • Thisday
  • DailyTrust
  • The Sun
  • Daily Independent
  • PM News
  • Vanguard
  • Premium Times
  • Sahara Reporters
  • The Guardian
  • Leadership
  • Daily Times Of Nigeria
    • About
    • Advertise With Us
    • Privacy Policy

    © 2021 Jungle Journalist Media Limited - Web Designed by AfeesHost.

    No Result
    View All Result
    • NEWS
    • POLITICS
    • ECONOMY & BUSINESS
    • GAMES & SPORTS
    • EDUCATION
    • ENTERTAINMENT
    • HEALTH & FOOD
    • NIGER DELTA
    • SECURITY / MILITARY

    © 2021 Jungle Journalist Media Limited - Web Designed by AfeesHost.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In