Innoson Insists: We're Taking Over GTB Itself — Not Customs Account With The Bank
Innoson Nigeria Limited has said the court judgment it obtained to enforce its garnishee order would be executed on Guaranty Trust Bank (GTB) and not the Nigerian Customs Service. Cornel Osigwe, the Head of Corporate Communications of Innoson Group, said on Sunday in reaction to an earlier statement by GTB that the writ of FiFa secured by the motor company was against NCS’s account domiciled in the bank. It was reported on Friday that a Federal High Court in Awka, Anambra State, had empowered Innoson to effect the garnishee order absolute issued by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria, against GTB. The motor company in the statement said its chairman, Innocent Chukwuma, had ‘taken over’ the assets of the bank. Reacting to this, GTB said the judgment was not against it but applicable to the account of NCS. “It is important to state that the Judgment allegedly in issue is in respect of a Garnishee Proceedings against the account of th...
