One of Nigeria’s leading Commercial Banks, Guaranty Trust Bank has reacted to the purported move by Innoson Motors Limited to take over ownership of the bank over an alleged N8.7-billion debt.
GTBank’s Secretary, Erhi Obebeduo in a statement said the bank was taking necessary steps to address the issue assuring that ensure no illegal or fraudulent execution will be carried out.
The bank said as against the Writ of Fifa claim by Innoson Limited, it was only aware of a judgment “allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity.”
In a telephone interview with Roots Tv Nigeria, the Head of Corporate Communications of Innoson Group, Cornel Osigwe confirmed the move saying the GTBank branches in Onistha, Nnewi, Enugu and Aba were sealed on Friday.