A Germany Based Businessman, Bartholomew Udeze, has dragged Guaranty Trust Bank (GTBank) to Court over an alleged N5.5m fraud.
Udeze claimed that GTBank colluded with unknown persons to defraud him of the sum of 5.5 million Naira. He is therefore asking for the money to be refunded, along with 500 million in damages.
Recall that Guaranty Trust Bank, one of the country’s biggest banks, is still at loggerheads with Innocent Chukwuma, the chairman of Innoson Motors with both parties using conflicting court judgements to press their claims. Allegations and counter-allegations are still flying around, like balls thrown with reckless abandon during a snow fight.
While all eyes are on Innoson vs GTB, another person has taken the bank to court and is claiming damages for loss of business, embarrassment and trauma.
While GTB went into their fight with Innoson with all guns blazing, it is unclear how they will deal with this new threat on their flanks. Even as the case is set to be heard by an Abuja High Court, no end seems to be in sight for the litigation troubles the bank has been experiencing in recent times.
Even the best-prepared army will soon falter if it has to contend on several battle fronts at the same time. As resources are stretched instead of concentrated in one place, focus wanes and the taste of victory slowly recedes until it becomes a dream. Big-time financial institution, GTBank seems not to have learned this lesson as they are currently at war with different individuals in a move that is threatening to sink their reputation, and business, without trace.
