Business GTBank Slammed With N30bn Lawsuit for Freezing Innoson Accounts

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Innoson Motors has slammed Guaranty Trust Bank with a N30bn lawsuit in for alleged economic misfortune suffered as a result of their accounts frozen in 15 different banks by means of unjustifiable court order obtained by the bank, Leadership reports.

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Automobile manufacturing company, Innoson Nigeria Limited has slammed a N30 billion suit on Guaranty Trust Bank (GTB) Plc before the Federal High Court sitting in Anambra State over loses it suffered as a result of the freezing of its accounts in 15 different banks by a court order obtained by GTB.

Innoson Nigeria Limited and three other companies in the conglomerate, Innoson Technical and Industrial Company, Innoson Vehicle Manufacturing Company, and Innoson Autoparts Manufacturing Company, are specifically claiming N20billion being special damages arising from the bank’s unlawful freezing of the companies accounts from of September, 2014to June 15, 2015 the companies are also claiming N5billion for reputational and injuring the companies and another N5billion as general damages.

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