Innoson and GTBank have been in a prolonged legal battle over claims by the industrialist that the bank made arbitrary deductions in his bank accounts.
Guaranty Trust Bank has dismissed the media reports that the Supreme Court ordered the bank to pay the sum of N12 billion to the Chairman of Innoson Motors, Innocent Chukwuma, within 14 days.
The bank described the statement credited to the Innoson Group , as “false, mischievous and malicious”.
In a statement issued on Thursday, June 7, the bank said the development would not deter it from its “recovery drive against recalcitrant debtors.”
“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 statement signed by the bank’s Secretary, Erhi Obebeduo, said.
“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.
“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,” it added.