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BIG STORY

GTBank Reacts To Reports Of Purported Takeover By Innoson, Says ‘No Illegal or Fraudulent Execution’ Will Be Carried Out

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Guarantee Trust Bank says it is taking all necessary legal steps to ensure that no illegal or fraudulent execution is carried out by Innoson motors, with whom it has a long-drawn-out court case.

On Friday, Innoson Nigeria Limited had announced that it obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against GTB to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria.

Cornel Osigwe, the Head of Corporate Communication of Innoson, made the announcement, saying: “The Chairman of Innoson Group, Chief Dr. Innocent Chukwuma, OFR has through a Writ of FiFa taken over Guaranty Trust Bank PLC for and on behalf of Innoson Nigeria Ltd as a result of the bank’s indebtedness to Innoson Nigeria Ltd. In a landmark decision on February 27th 2019, the Supreme Court of Nigeria dismissed GTB’s appeal — SC. 694/2014 — against the judgment of Court of Appeal, Ibadan Division.”

“We have taken over GTBank in Awka and Nnewi,” Osigwe subsequently announced, adding that “other branches are coming soon”.

However, the bank has moved to assure its customers of the safety of their funds, clarifying that the said judgement is applicable to the account of the Nigerian Customs Service Board domiciled with the bank, rather than the bank as an entity.

“The attention of Guaranty Trust Bank PLC (“the Bank”) has been drawn to statements circulating in the news and social media in respect of a purported enforcement of a judgement of the Federal High court, Ibadan, Oyo state, at one of its branches in Anambra state,” it said in a statement on Friday night.

“The Bank as a law-abiding corporate citizen is taking all necessary legal steps to address this situation and ensure that no illegal or fraudulent execution is carried out.

“It is important to state that the Judgment allegedly in issue is in respect of a Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity.

“The Bank remains committed to providing best-in- class customer experience to all its valued customers.”

BIG STORY

Nigeria Yet To Receive Ventilators From US, A Month After Trump’s Promise — FG

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The federal government says it is yet to receive ventilators from the US.

On April 28, US President Donald Trump, during a telephone conversation with President Muhammadu Buhari, promised to send ventilators to support Nigeria in the fight against COVID-19.

Speaking at the presidential task force briefing on Thursday, Lai Mohammed, minister of information and culture, said the ventilators are yet to arrive in Nigeria.

He said there is no specific date for the arrival of the medical items, and that the information will be made public once the ventilators are received.

“On when the ventilators promised by President Trump will arrive, to the best of my knowledge, they have not arrived. When they do arrive it will be made known to the public,” he said.

On the efforts made by the information ministry in curbing the spread of COVID-19, Mohammed said there has been increased community sensitization against the disease.

He said there has been a series of jingles played on radio stations to enhance rural engagements.

“In addition, we also have support from 40 community and campus radio stations across the country awaiting our jingles,” he said.

“Our aggressive and sustained campaign on the Social Media has gained traction, in the last five days alone some of the videos we posted have been viewed over one million times.”




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BIG STORY

Buhari Came To ‘Steal, Kill, Destroy’ —- Fani-Kayode

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A former Minister of Aviation, Chief Femi Fani-Kayode, has described the five years of President Muhammadu Buhari as “disastrous.”

He disagreed with Special Adviser to Buhari on Media and Publicity, Femi Adesina, whose weekly column argued the President’s emergence, saved the nation from collapse in 2015.

Fani-Kayode, on his verified twitter handle, said Buhari’s emergence has plunged the nation into a deeper abyss.

Responding directly to Adesina’s tweet, the former Minister said: “Not so my friend. The emergence of Buhari in 2015 annihilated Nigeria and plunged her into darkness, death, and destruction.

“He came to steal, kill and destroy and for the last disastrous 5 years that is all he has done.”





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BIG STORY

Lagos BRT Increases Fares By 50%

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Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 percent.

The company on Thursday said it got approval from the regulator of the sector, the Lagos State Metropolitan Area Transport Authority, to increase the fares.

Earlier, the News Agency of Nigeria reported that the company withdrew its services on Monday due to losses caused by the new guidelines of government which restricted the number of commuters on BRT to 20 per trip instead of 70.

The BRT Managing Director, Mr Fola Tinubu, told NAN that the management of the company would resolve the issues after a meeting with the government.

After the meeting, Tinubu said an agreement had been reached for the fares to be increased.

He said, “We are going to increase our pricing effective from Friday, May 29 (today). We agreed on this after our talk with the Lagos State Government.

“Everywhere commuters are paying N200 for a trip, it is going to be N300 and everywhere commuters are paying N300 per trip, it is going to be N500.

“We are increasing our fares. We have secured the permission of the regulator, Lagos State Metropolitan Area Transport Authority.”

He said the number of passengers on the buses would also be increased to 42, with no passenger standing on buses as against 20 earlier approved by the government.

The LAMATA External Relations Specialist, Kola Ojelabi, confirmed the development.




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