Innoson Motors on Tuesday admitted that its claim on the position of the Supreme Court in the case against Guaranty Trust Bank was false.
The position of the company was contained in a series of tweets on the Twitter handle of the company.
The company had last week claimed that the Supreme Court ruled in favour of its Chairman, Dr. Innocent Chukwuma, that GTBank should pay him N14 billion within 14 days.
But on Tuesday, Innoson Motors said the initial position was a misrepresentation of the Supreme Court’s position.
The tweet, by the company’s spokesman, Cornelius Osigwe, said: “There have been a lot of misinterpretations on the Press Release published by Innoson Group on the decision of the Supreme Court.”
GTBank had last week told the public that Innoson’s claims were “false, mischievous and malicious”.
It said: “There was no directive or Order issued by the Supreme Court of Nigeria to the Bank to make any payment to any of its debtor Customers. We again reiterate that there is no iota of truth in the falsehood being peddled by desperate and mischievous elements and the General Public should disregard same in its entirety.”