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Innoson Vehicle: Court Set To Commit GTbank Bosses To Prison Over Contempt Charge

Unic Press UKInnoson Vehicle Manufacturing Company counsel, Prof McCarthy Mbadugha has filed a motion, praying a Federal High Court sitting in Awka to, among other prayers, commit and send to prison the Managing Director of Guaranty Trust Bank, Segun Agbaje and the bank’s Chairman, Mrs Osaretin Demuren and the Company Secretary, Erhi Obebeduo for “the wilful, deliberate, wanton and unlawful violation of the subsisting Orders of this Honourable Court and or interfering with or obstructing the court’s due administration of Justice as epitomized by acts of hooliganism, thuggery, extreme lawlessness and condemnable impunity as exhibited on the 29th and 30th of March, 2019 and on the 1st April, 2019.”

In a press release Wednesday, Innoson Group’s Head of Corporate Communications, Cornel Osigwe said:

“The relief is contained in an application filed before the court by Counsel to Innoson Nigeria Ltd, Prof McCarthy Mbadugha ESQ against Guaranty Trust Bank on its acts of thuggery, extreme hooliganism and outright lawlessness in breaking into all the properties of GTB which have been distressed and seized by the Court bailiffs/sheriffs while executing a writ of fifa issued by the Court. It should be recalled that Prof McCarthy Mbadugha ESQ obtained from the Court the requisite leave and necessary process for levying execution- the writ of fifa against GTB who failed to obey the Supreme Court and Court of Appeal’s Order affirming the Garnishee order absolute issued by the Federal High Court Ibadan in Suit No: FHC/L/CS/603/2006- ordering the bank to pay Innoson Nigeria Ltd the judgment sum of ₦2.4 Billion with a 22% interest, per annum, on the judgment sum until the final liquidation of the judgment. The Judgment debt of ₦2.4 Billion has an accrued interest of over ₦6.7 Billion as at today, thereby resulting in the total outstanding judgment debt being over ₦9 Billon as at today.”

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