The bank noted ”It is instructive to note that that the Supreme Court only gives rulings on Fridays, further confirming their baseless falsehood ..The attention of Guaranty Trust Bank Plc (“the Bank”) 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.
According to a statement released on Thursday by Cornel Osigwe, Innoson Group’s head of corporate communications,
The Chairman of Innoson Motors, Innocent Chukwuma, on Thursday floored the Guarantee Trust Bank, GTB, at the Supreme Court.
This was as the apex court ordered the management of GTB to pay Chukwuma a sum of N12 billion within 14 days
the court struck out the motion for stay of execution of the Enugu court of appeal division’s order that GT Bank pays N6 billion into an interest yielding account.