Connect with us

The long running case between Guaranty Trust Bank and Innoson finally had its day in the Supreme Court, and although there have been some wild tales on what transpired, here is the factual story of how it went down.

Even before the doors of the Supreme Court had shut for the day, what was meant to be a simple directive by the Apex Court on the case between Guaranty Trust Bank and Innoson had been turned on its head, with false versions of the Court’s directives spread online and across social media.

It began with the claim, contained in Press Release circulated by Innoson, that the Supreme Court had ordered “GTB to Pay Innoson’s N14Billion Judgment Debt into an Interest Yielding Account.” The records of the Apex court show no such thing, instead it asked both parties to return to the Court of Appeal, Enugu Judicial Division, for a hearing on GTB’s appeal scheduled for the 14th of June, 2018.

GTB has also released a statement on the actual events of the day at the Supreme Court. “The attention of GTBank 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 said in an official statement. “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. 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,” the Bank added.

In fact, the Supreme Court simply directed GTB and Innoson to return to the Court of Appeal for a hearing of the Bank’s substantive appeal on the matter. It is actually in the tradition of the apex court to issue definitive rulings only on Fridays, and what it delivered today was more or less a directive. However, court feelers say this is actually a win for GTB as it grants what the Bank has always wanted—and what Innoson has consistently stalled, which is for the Court of Appeal in Enugu to hear the Bank’s appeal.

The Bank’s appeal of a 2013 High Court judgment gotten by Innoson had stalled at the Court of Appeal for the past two years due to the pending motions filed by both parties at the Supreme Court. On Thursday, 7th of June, 2018 the Apex Court finally sat on the matter and asked both parties to withdraw their motions and return to the Court of Appeal, because GTB’s appeal at the lower court had not been heard.

“The implication [of the Supreme Court Directive] is that both parties are going back to the court of appeal for the Bank’s substantive appeal to be heard,” a source in one of the legal teams of the parties said. “The court said it won’t hear any applications and asked all parties to withdraw their applications.” One of the applications that was withdrawn and struck out by the Supreme Court is the plea filed by Innoson on 27th of February, 2015 askingfor the court to order GTB to issue a money guarantee to the court. This is interesting because it means that, rather than rule for the Bank to pay Innoson 14bn as the latter had claimed, the apex court struck out that particular request.

Back to the Appeal Court

Following the directive by the Supreme Court, the substantive appeal filed by GTB will now be heard at the Court of Appeal, Enugu Judicial Division, on the 14th of June, 2018.This appeal has been repeatedly delayed by the Innoson camp using moves such as itsmotion filed by on October 3, 2017to prevent the appeal from being heard. Back then, the Court of Appeal had expressed surprise that Innoson (the Judgment Creditor) is not desirous of allowing the appeal to proceed.

Again, in the proceedings of 24th October 2017 in CA/E/275/2015 between same parties, the same Prof. Mbadugha appearing for Innoson and other Respondents had scuttled proceedings when he refused to proceed with Appeal even though it was clear that the Appeal was ripe for hearing and opted to pay costs. Prof Mbadugha said to the courts: “I ask for an adjournment even though all motions have been taken… I offer N50,000.00. The Appeal Court responded; “This application for adj. has no basis, but in the interest of justice it is hereby granted. The appeal is ripe for hearing. Cost of N100,000.00 to the Appellant against the Respondents. Appeal adjourned to 17/4/18 for hearing.”

However, following today’s hearing at the Supreme Court, it seems all hurdles have been cleared for GTB’s substantive appeal to be heard by the Court of Appeal.

 

Festus Igbinosa is a financial analyst and he writes from Abuja

BIG STORY

BREAKING: Court Adjourns El-Zakzaky’s Trial Indefinitely

Avatar

Published

on

The Kaduna State High Court has adjourned the trial of the leader of Islamic Movement in Nigeria (IMN), Ibrahim El-Zakzaky, and his wife, Zeenat, indefinitely.

El-Zakzaky’s trial was due to continue on Monday.

However, the court explained that the adjournment followed the appointment of the trial judge, Justice Gideon Kurada, as a member of the Election Petition Tribunal in Yobe State.

The IMN leader is currently facing trial over allegations of culpable homicide, unlawful assembly and disruption of public peace, among other charges.

He had been denied bail by the presiding judge, Justice Kurada, during the last sitting on January 22, 2018.

In the application for bail filed by El-Zakzaky’s lawyer, Femi Falana, on his behalf at the last sitting, the legal practitioner prayed the court to give a mandatory order for his client and his wife to be flown abroad.

Continue Reading

BIG STORY

Pastor In Police Net For Aborting Teenager’s Pregnancy [PHOTO]

Avatar

Published

on

A 38 years old pastor with one of the Pentecostal churches in Benin, Pastor Ekene Samuel, has been arrested by the police in Edo state for allegedly getting Miracle Nwabueze, (17) to the hospital for abortion after getting her pregnant.

The pastor was among the 102 suspected criminals paraded by the Edo state police commissioner, DanMallam Muhammed, for their alleged involvement in various crimes in the state.

The Pastor was assisted by one of his church member, Mrs. Happy Johnson, who was paraded alongside the Pastor.

The commissioner said the command received a complaint from one Henry Aikhuamen that one Miracle Nwabueze, 17 years old was missing.

“Operatives of Special Anti-Robbery Squad through a Hi-Tech intelligence located Miss Miracle Nwabueze on a sick bed at Graceville Medical Centre, Ewa Road, Benin.

“On enquiry, the doctor informed the police that one Deaconess Happy Johnson brought her for treatment. She was arrested and confessed that one Pastor Ekene Samuel asked her to assist him bring Miracle Nwabueze to the hospital for abortion.

“The victim confessed that she was impregnated by Pastor Ekene Samuel, who charmed and had sex with her five times in December, 2018. Pastor Ekene Samuel was arrested and charms were recovered from him in his house,” he said.

Speaking with journalists, the Pastor said he had extra marital affair with a lady, but quit the relationship August last year due to her behaviour.

“But January this year, she said she was pregnant and I sent one of my member to take her to the hospital when she complained of pains not knowing that she was already talking drugs to terminate the pregnancy”.

He said, “When they got to the hospital, they discovered that she had ruptured appendicitis but the doctor referred us to another hospital where the operation was done successfully and they charged N380,000 and I am still paying the bill now”.

According to him, few days after the operation, his wife went to give her some items and she was arrested by the police because someone had complained about the matter

“When she was arrested, I went to the station and I was arrested because she knows nothing about it. After my arrest, the police went to my church and packed items given to me by those I prayed for as the charm I am using in church.

“I don’t go to Babalawos or native doctors; these items were returned by the people I prayed for and they got deliverance through prayers. Nobody is above mistake and temptation can come at anytime,” he added.

On her part, Mrs Happy Johnson, told journalists that she was not aware that the lady was pregnant and that she was carrying out abortion.

She said she was preparing for church when the pastor called her to take the girl to the hospital saying she was not well.

“When we got to the hospital, they said they should carry out an ultrasound; when I asked her what the problem was, she said it is appendicitis. They then referred us to another hospital for the operation.

She added, “I signed for her when they want to do the operation but I did not know it was about abortion”.

She explained, “I was arrested with the pastor’s wife when she came to give clothes to the lady at the hospital. I was arrested for signing the paper and carrying her to the hospital. I only got to know at the police station that it was an abortion.”

Continue Reading

BIG STORY

Alleged Serial Killer, Tiny, 4 Others Arrested In Lagos

Peter Okunoren

Published

on

Policemen of the Lagos State Police Command have arrested an alleged serial killer, Ibrahim Abdullahi a.k.a Tiny and four others shortly after midnight at his Ijegun-Egba area hideout.

The Lagos Police PRO, DSP Bala Elkana, in a statement said the suspect whose name sends shivers down the spine of residents of Satellite-Town, Lagos, was arrested during an operation led by the Divisional Police Officer of Satellite-Town Division, CSP Chike Oti, to rid the community of the violent activities of criminals.

It would be recalled that the Commissioner of Police, Lagos State, CP Zubairu Muazu, had earlier in the week changed Area Commanders, DPOs and Tactical Unit Commanders in the state, to clamp down on members of unlawful societies and raid identified criminal enclaves.

”Based on this directive and credible intelligence received about Ibrahim Abdullahi aka Tiny, who had been on the run since he was linked to the murder of three residents of the community, Satelite division, swung into action.

”They said Tiny was arrested alongside one of his accomplices, Obinna Kelvin Okey, 23.

”During a preliminary interrogation, they confessed to belonging to a cult group called the Aro-Bagger aka Vickings.

”Other cultists arrested during the operation include: Ismaila Adebayo; 21, Bode Akodo; 21 and Abdulwahab; 25, all of Eiye Confraternity.

”CP Zubairu Muazu directed the Homicide Section of the State Criminal Investigation and Intelligence Department, Panti, Yaba, to take over the case involving the said Ibrahim Abdullahi which has to do with an ongoing investigation on the three murder incidents linked to him.

”The other suspects were transferred to the Command’s Anti Cultism Squad for further investigation,” he said.

Continue Reading

Most Popular