Innoson Chairman, Innocent Chukwuma
Innoson Chairman, Innocent Chukwuma

Chairman of Innoson Motors, Dr Innocent Chukwuma, has retracted his declaration on social media that the Supreme Court of Nigeria has ordered GTBank to pay him N14bn within 14 days.

Innoson had earlier on Thursday caused a social media storm by claiming that Supreme Court had ruled in his favour for GTBank to pay him N14bn.

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According to report, the retraction was advised by Innoson’s lawyers who fear that contempt of court charges on defaming the Supreme Court may be brought against the embattled businessman.

However, records of the court proceedings showed no such ruling.

Instead, what the Supreme Court had directed was for both parties, Innoson and GTBank, to return to the Court of Appeal, Enugu Judicial Division, for a hearing on GTBank’s appeal scheduled for the 14th of June 2018.

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.

As facts on ground became clear that Innoson’s claim on social media was completely false, the embattled businessman moved to silently delete the Fake News Tweet from his company’s Twitter.