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I Will Eventually Take Over GTBank Soon – Innoson

by Victor Ndubuisi
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The Chairman of Innoson Vehicles Manufacturing (IVM), Chief Innocent Ifediaso Chukwuma OFR has again hinted he is close in taking over Guarantee Trust Bank (GTBank).

The billionaire manufacturer revealed this in an interactive zoom session organised by AnaedoTV, a subsidiary of Anaedoonline, an online based media outfit in Southeast.

Answering one of the questions during the session, Innoson decried the way GTBank is going about the case but however revealed that at the right time he will move in and take over the bank.

TRENDING NEWS: When I Will Take Over GT Bank -Innocent Chukwuma (Innoson)

In his words, “GTBank is only prolonging the dooms day, if they like they should change their names as many times as possible, once i’m ready, i will take over the bank”.

This legal tussle goes back to 2011 when Innoson Nigeria realised that GTBank had wrongly debited its account with charges in excess of N700m (then:$4.7m; now: $1.9m) but has dragged up to billions in Naira. The bank currently owe Innoson over N30 billion in accrued interest which reads by 22 percent.

In another news, the Chairman of Innoson Vehicles, Chief Dr. Innocent Chukwuma OFR, has stated that the Bank of Industry is more reliable to support young entrepreneurs than the commercial banks. Chief Chukwuma stated this during an interactive session he had with young entrepreneurs via a zoom session organized by AnaedoTV.

During the interactive session, Chief Chukwuma was asked how difficult it has been for young people to get financing for their ideas and whether Is there something they can do differently to get financial backing from banks and investors? In his response, he advised young entrepreneurs to avoid commercial banks when seeking loan facilities for their business but should focus on the Bank of Industry because they are the hope of entrepreneurs in Nigeria. “Bank of Industry is more interested in growing your business from ground level up to the top unlike some commercial banks who are thinking of how to profit from you.

‘I Will Manage GTBank Better When I Take Over’ – Innoson CEO, Innocent Chukwuma

Stating how Bank of Industry has helped him to become big, Chief Chukwuma said “When I first went to Bank of Industry I didn’t know anybody there. I am just there with my proposal. After looking at the proposal, they saw I was qualified and gave me loan. I used the money in buying my first manufacturing equipment and repaid back the money when it was due. After I went back to them and applied for a higher sum, they gave me another one and I repaid when due. I went back and took another loan from them. They supported my factory till it became the largest plastic manufacturing plant in West Africa and even put my name and picture in the Bank of Industry hall of fame. Read More Here

 

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