EFCC, GTBank colluding with foreign automakers to kill Innoson Motors — Innocent Chukwuma

EFCC
EFCC Operatives

Innocent Chukwuma, the founder and CEO of Innoson Motors, on Tuesday accused the Economic and Financial Crimes Commission (EFCC) and GTBank of conspiring with some unnamed foreign entities to drive Nigeria’s only indigenous auto manufacturing company out of business.

“We have it now on good authority that there is a grand conspiracy by some international competitors of Innoson Vehicles who have conspired with a financial institution to pull down Innoson Vehicles at all cost,” Mr. Chukwuma said in a statement to PREMIUM TIMES signed by Cornel Osigwe, head of corporate communications at Innoson.

The company linked the alleged conspiracy to “the latest increase of patronage of Innoson Vehicles by the Federal Government.”

Mr. Osigwe attributed the improved sales to a recent upsurge in orders placed by the Nigerian military, the Federal Road Safety Corps, the Nigerian Immigration Service, amongst other federal authorities.

The allegation could further complicate the worsening tension between Innoson and GTBank.

Mr. Chukwuma was arrested by the EFCC in the morning of December 19 at his residence in Enugu, accusing him of attempted fraud, theft and forgery.

The allegations were reported by GTBank, which said Mr. Chukwuma forged bank and shipping documents to clear some goods a few years ago.

Innoson denied all allegations of wrongdoing, filing a counter-claim that the bank charged some arbitrary deductions to his company accounts.

Although the initial claim that was allegedly deducted from Innoson Group’s accounts was about N500 million, the amount has since shot up to more than N8 billion naira today, the automaker said.

The company said it received several judgements in its favour at several federal courts, including at least two Court of Appeal judgements.

It alleged that the EFCC was instigated against it by GTBank, which is allegedly desperate to avoid paying the over N8 billion damages.

“We are alarmed at how low EFCC could descend to be used by GTB to destroy Nigeria’s foremost entrepreneur,” Mr. Osigwe added in his latest statement.

The EFCC declined comments on the allegations Tuesday afternoon.

“We don’t want to join issues with them,” said Wilson Uwujaren, the agency’s spokesperson.

The GTBank said it reported Mr. Chukwuma and his brother, Charles, to the EFCC after it uncovered traces of sharp practices they allegedly perpetrated.

The bank vowed to continue reporting economic crimes to law enforcement authorities whenever they’re detected.

A spokesperson for the bank equally declined to further join issues with Innoson, saying the act contravenes its standards as an ethical organisation, especially since the matter had been taken to court.

Mr. Osigwe said Innoson has proof to back its claim of tripartite conspiracy against it but did not immediately make them available to PREMIUM TIMES Tuesday.

Innoson was established in 2010, and has produced up to 11,000 vehicles to date, the official said.


DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD:"Warning to Men, These 3 Foods is Slowly Killing Your Erection". Click Here to Know Them


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.


  • Tunde

    Mr Innocent (may be Crook) i suggest you just shut up! Answer your case in court and proof your innocence! (excuse the pun) All this red herrings to distract and cause ethnic shenanigans will not work! We know your tricks! use workers, wife, propaganda to distract! we are not fooled! Go to court! you may be able to bribe one of your kind there! they(judges et al) too are crooks! but that is where you will get some semblance of justice if in fact you are innocent! please save us all this noise! Abeg!

    • Isaac Okafor

      Tune or whatever you call your idiotic self, how dare you address the CEO of Innoson Motors that way? This is a man who has brought honour to Nigeria by enlisting her in the committee of motor manufacturing countries. He brings food to the table of so many Nigerians by employing tens of thousands. What do you know about business transactions to understnd the intricacies herein? You expose your gross ignorance and naivety by your post. Please really shut up and shut off.

      • Tunde

        Typical crooked response from a warped mind! So the fact that he allegedly forged document should exempt him from being called an alleged thief and crook! That’s why Nigeria and you have a long way to go in moving us from Barbarian to civilisation! If he in fact did what he was accused of doing then he is a thief! And should be spoken to and treated as one! A thief!

        • Julius

          Give him another week and he will name a group of people or a country to be blamed. Why won’t he let his lawyer deal with the bank and efcc ? Now I understand why Igbo banks refused to do business with him.

          • Nigerian

            I said it before. Avoid terms like ‘Igbo banks’ or ‘Yoruba banks’

          • Julius

            Igbos were the ones making that claim because their boy got in trouble.

          • abodes_124

            the courts had been dealing with it since 2011. what has raised all the dust is the ‘show of force’ by the EFCC which as far as i can see has not moved the case forward and is more likely to jeopardise their case when it comes to trial. I do not know if they do these things deliberately to ‘spoil’ the case or out of sheer ignorance.

          • Julius

            My understanding was that he broke the court stipulated agreements he made with the bank. We shall see!!

          • abodes_124

            That would still be a civil matter between the parties not a cause for arrest. The arrest may have got Magu the headlines he craves but i am not sure it will strengthen his case when the trial begins.

          • Julius

            Is forgery a civil matter ?

          • abodes_124

            Of course not. Try and pay attention to the thread.My response was to your statement ‘that he broke the court stipulated agreements he made with the bank.’

          • Julius

            “That
            would still be a civil matter between the parties not a cause for
            arrest. The arrest may have got Magu the headlines he craves but i am
            not sure it will strengthen his case when the trial begins.”should

            That was what I responded to sir… So, you pay attention….forgery and civil matter You answered my question.


            Reply

            Share ›

          • abodes_124

            Julius I think you are now trying to confuse me which is easily done!
            My understanding is that we are now on the same page on this matter.
            Eku Thursday

          • Julius

            No , I’m not but I also think we are on the same page. O se oo, Eku aaro !

        • abodes_124

          I thought you were about to make a valid point that as of now he is merely accused but instead you go to show your true Nigerianness by stating boldly ‘If he in fact did what he was accused of doing then he is a thief! And should be spoken to and treated as one! A thief’ That is the attitude that leads to the daily lynching of suspects all over Nigeria but more so in your own part of it.

      • Julius

        Where was it listed as a manufacturing company that brought glory to the country ?..assembling is not manufacturing…is it ?

        • john

          i TIRE FOR THE CROOKS OH. There is nothing original in all he does. He gets stamped steel parts from asia and drives a screw driver through them in the name of assembly and he says he is a manufacturer. Where are his engine design engineers, the core of any motor vehicle manufacturing. Its just typical igbo noise. Which auto maker has interest in a miniscule assembler. As if they sent him to forge papers and owe his bank.

      • my kehinde

        This innocent guy is a crook ,fraudster and master forger

        • Nigerian

          Kehinde, please show some maturity in the way you speak in public. I do believe you are not a kid

    • Oty

      I can see GTB has deployed e-rat after the EFCC debacle.

      But tell GTB they can’t survive this one. They chose to mess with the wrong person.

      • Tunde

        If I’m an e-rat; I leave fate to determine what you are! Time will tell what happens to Mr Innocrook or GTOvercharge.

        • abodes_124

          When ‘time ‘ tells you will still claim he is guilty because he bribed ‘time’ going by your preceding comments.

    • Nigerian

      I do think the cases were already in court. Try to be objective in your comments

    • abodes_124

      You have already discounted any judgement in his favour as likely to be due to bribing of the Judges. Shall we bring him out and mete out the kind of justice you are used to by necklacing him. There WAS a country.

      • Tunde

        I have done nothing of such Sir! Get over yourself; what I have done is given a 50/50 chance in our lawless country where people of your ilk thrive. One where greed, injustice and the corrupt still want to have sway but the righteous are standing up and pushing back and like Gandour saying to your ilk; YOU SHALL NOT PASS!

        • abodes_124

          Worse still you now have me accused and guilty of bribery corruption and all manner of misdeeds
          But do not worry you are not alone. The ability to distinguish between suspiscion and guilt is not something that comes easily to most Nigerians including our President. On these posts you only needed to hold a different viewpoint for someone to call you a confirmed thief. Our own enlightenment is still a few generations ahead

  • Big Easy

    My brother fight back with all gat. If you can build car then you can build weapons

    • Babagordy

      I want to believe he is also a fiction writer

    • The kind of weapon you built during the Biafra war and you were destroyed. Mumu

  • Shahokaya

    Ibo man and sentiments, go and pay the bank and stop all these they said they said story.

    • Nigerian

      Try as much as you can to avoid making comments that portray you as a tribalistic person

      • Shahokaya

        Thank you Evans or sorry Emma Powerful.

        • Nigerian

          Sorry, I don’t get what you mean.

  • Du Covenant

    Anything built on a dodgy foundation will surely fall apart somehow. My problem with Nigeria is, we do not appreciate this fact, instead we do everything possible to distract. Let it all play out in the courts, I do not believe in conspiracies or witchcraft.

  • truth

    Anyhow. But you cant run away from the law. Pay Gtb now or you and your motors may rotten in jail.

    • Factual Bob

      GTB is currently owing Innoson Motors about N8 Billion from available records as per the high court and appeal court judgments against the criminal deductions by GTB.It’s a pity that loafers and never-do-wells like you from certain tribe are still jaundiced by primordial sentiments. Cletus Ibeto’s cement business was crushed by the federal authority a few years ago for Dangote to continue monopolizing the cement industry sector. It’s Innoson today,who next?

      • Igwe Bu Ike

        Innoson will not collapse

    • Igwe Bu Ike

      Do you understand the case? Innoson does own Gtb, rather GTBank was stealing from Innoson motors. GTBank is a blackmail bank and EFCC should have gone after them for pen robbery and not Innoson motors.

    • Nigerian

      Try to be a bit reasonable in your comments.

  • john peters

    if you are clean,there is nothing to fear,if the Fed Govt (who is surposed to prottect you)can’t,God will see you through.At worst,you enter into payment bargain,that’s all,paying back 1000 naira every year after all it is a loan

  • Babagordy

    This is the worst kind of attitude a businessman who is benefiting from federal government patronage should put up, the police and EFCC are unanimous in their position that Innocent committed forgery, then he should do the needful damage control and carry on with his business. To run to a Nigerian court and procure Nigerian kind of judgement to say the least is cooked. Ifeayin UBA another igbo man once played this same kind of clever by half trick in a petroleum deal with a bank where Cosmas Maduka the coscharis man was part owner and all effort to browbeat the man and his bank into accepting unacceptable situation failed and this too shall fail. This so called Mr Innocent who has manifested the traits of a common criminal should go and pay his debt with an apology.

    • Oty

      Indeed Nigeria is a mess. So, you can believe EFCC and police investigation but court judgements in favor of your perceived enemy is procured?

      You have met a dead end. Your bank will be taken over because even if you pay Innocent Chukwuma the money you stole, the whole population of your customers are waiting for refund of their wealth pilfered by GTB.

    • Nigerian

      Please enough of the ethnic rhetorics. Just make an objective point based on the issue on ground.

    • abodes_124

      Y0u appear to be privy to some facts the rest of us do not have. I thought the issue was forgery not that he was owing anybody.

  • Olugbenga omonije

    Without integrity, believe it or not, even in Nigeria, You don’t have a business. You are digging the grave for your enterprise. You cannot cheat your way to enduring success!!!!

    • Oty

      ????

      Can’t make sense of your submission

      • Pawa2

        Are you dumb? Just asking.

    • my kehinde

      who wants to invest in the business of a fraudster

      • Pawa2

        Exactly. However, the Jonathan government, championed by the likes of Ngozi Okonjo, gave a lot of corrupt money to Innosons, in the name of encouraging a local automobile manufacturer.11,000 assembled vehicles in 7 years is not a lot to shout about and the business is not profitable. If it were profitable, other Nigerians, South Africa and people in other countries will be doing it.

    • Pawa2

      Exactly. There is nothing special or original about Innosons; they got moulds (for making parts) and finished parts from China and are merely cobbling things together. There is a company in Ghana called Katanka and they do exactly the same thing. The only difference is that the Ghanaian manufacturers do not go about boasting about or claiming to be the shinning light of Ghana.It will also appear that the Ghanaian manufacturers are honest people and did not steal someone else’s moulds.

      • Nigerian

        I do think that despite the sundry issues that may be raised, all and sundry irrespective of ethnic affiliation needs to join voices in speaking against the injustice. Because if we don’t, then it may be our turn someday. So while we know the challenges of the country, this issue is very clear. Let’s not not keep making general comments, let’s say our take on the issue, that kind a of defines our role in the issue on ground.
        Talking about manufacturing, where vehicles are made all over the world is called an ‘assembly line’. That is what the name is. The simple truth is: you buy some, you make some, then assembly even here in Europe. Try to read up how it works.

        • Concern

          So many people who are making comments here should go after the issues and what the facts are. Innoson is not coming clean on this matter because after the issues and facts are discussed in court he may likely go to jail for forgery of custom documents ie bill of lading.The issue about over charging of interest by GTB is not a criminal case it is a matter of dates and outstanding payments against balances in Innoson’s account which I believe will be resolved easily. But forgery if proven especially on bill of lading is a criminal offence.

          • Nigerian

            I do think you sound reasonable enough. But it’s a bit hasty for you to draw conclusions on who is guilty or who goes to jail. The court would fix that. They would have much more facts than you have. The public outcry which I also joined my voice and expect you to do the same is that someone was harassed in his home, even his wife was slapped for cases that that are already in the court. If you don’t condemn this, then when something similar happens to you, then remember your stand on this one.

        • Pawa2

          1. I have not talked generally about Innoson and his fraud accusation. I have consistently said I do not know if the accusation is true or not but if you have been invited by the security agents, you should honour the invitation. If you do not, then you open up yourself to being raided. It is not only EFCC that carries out raids of accused persons. FBI in America does it, MI5 in Britain does it etc etc. Innoson MD is not the only Nigerian that has been arided by EFCC. Individual from many ethnic groups have been raided. Recently two heads of securities (one from the south-south and the other from the south west) had their residences in Abuja raided. People from the south south or south west did not blame it on ethnicity. Dasuki’s residence and the residences of several northern people had been raided in the past and northerners did not blame it on ethnicity.
          2. I don’t need to read up about manufacturing, I went to engineering school. The only people who have been talking as if their factory is not an ‘assembly line; have been the people at innoson.

          • hopogy

            THEY HAVE CHALLENGED EFCC TO PROVE THAT THEY ONCE INVITED HIM AND HE DIDINT HONOR IT. EFCC IS YET TO PROVIDE THIS EVIDENCE… HOW ABOUT THAT?. Those who have chosen to believe that he is likely fraudulent until proven otherwise are mostly from one part of the country while those that have chosen that he is not fraudulent until proven are mostly from one part. ITS SAD HOW NIGERIA WORKS. Your part of the country and position are easily deduced from your posts. Not surprisingly, your reaction will likely be different if one from a certain part were to be the subject of this debacle… your type have jumped into the fray portraying neutrality whereas its very bare and glaring that you are very far from neutral…

          • Pawa2

            1. EFCC does not have to keep responding to individuals. If anyone feels they have been maltreated by EFCC, let them sue and EFCC will provide evidence to the courts. In ant case, EFFCC does not have to invite individuals before they go to their houses (or any other location) to arrest them. All it needs is evidence that the individual has committed an offence and, where applicable, a warrant. sometimes it may be in the interest of EFCC to catch the individual by surprise.
            2. I have no problem with anyone who says Innocent is innocent until proven guilty and I think this is what most people from most part of the country (especially outside the South East) are saying. However, there are people who want us to believe he is being victimised and most of those are from the South East. Some of these have called Innocent’s accusers all sorts of names and asked their kinsmen to boycott GT Bank.
            3. If indeed you have viewed some of my posts with an open mind, you will find that I always take the same view with this type of matter. I was furious that EFCC was not allowed to search Oke’s house and arrest him for trial. I supported the arrest of Fani-Kayode, Abati and Obanikoro because I felt (and still feel) they have cases to answer. I have no problem at all with EFCC arresting anyone they feel has a case to answer. I don’t expect you to believe I am neutral but I don’t give a monkey’s. Only God knows my mind.

      • Pluti

        Innoson is exceptional, they’ve helped refurbished the few jets Nigeria has for the War against BH, they’ve been fabricating parts for the alpha jets and did a lot for the low quality drones that were still used. They might not be up or middle in the peak of Techs globally or the continent but they’ve sure contributed to the Nigerian success even if it’s a quotient of 1

        • Pawa2

          Any other mechanical workshop in Nigeria can produce parts for alpha jets. That Innoson was used does not mean other firms in Nigeria could not do it. For a long time now the Nigerian navy has produced parts locally for servicing and maintaining their vessels, using their in-house mechanics (you don;t even need an engineer to reproduce parts).

      • Paschal Charles

        Do not compare Katanka with Innoson . How many cars have Katanka produced ? How many of Katanka cars have you been seeing on the streets of Ghana . Man shut up , you do not know what you are saying by comparing Katanka motors with Innoson . I know Ghana more than you do.

        • Pawa2

          Katanka were producing vehicles before Innoson started. The security forces in Ghana use Katanka;s vehicles. I don’t live in Ghana but I have never seen an Innoson vehicle on the street in Lagos. Innosons themselves said they produced only 11,000 vehicles since they were established in 2010. that is an average of 1570 vehicles a year. individuals can produce that number of vehicles in their garage in the UK. What is there to boast of for God’s sake, give me a break.

    • Omo Ibien

      The above statement is as true for Innoson Motors as it is for GT Bank in this case, and other banks that are in the habit of fleecing their customers.

    • Nigerian

      I do think that despite the sundry issues that may be raised, all and sundry irrespective of ethnic affiliation needs to join voices in speaking against the injustice. Because if we don’t, then it may be our turn someday. So while we know the challenges of the country, this issue is very clear. Let’s not not keep making general comments, let’s say our take on the issue, that kind a of defines our role in the issue on ground.

  • Igwe Bu Ike

    “The allegations were reported by GTBank, which said Mr. Chukwuma forged bank and shipping documents to clear some goods a few years ago” Instead of obeying court orders and pay up Innoson motors, GTBank indulges in back stabbing like market women. The offender in all of these is GTBank that was stealing Innoson money. If GTBank did not steal Innoson money, none of these nonsense will come up.

    Innoson motors will not collapse. Even as I write, 5 African countries have shown interest in Innoson motors and by 2020 Innoson will open manufacturing plants in these countries

    • Manuel Tobby

      Please I just want to ask why innosson did not go to igbo banks for loan or why igbo banks didn’t borrow him money since when he was selling only motor cycles?

      • Nigerian

        Don’t use terms like ‘Igbo banks’ or ‘Yoruba banks’. Such terms tend to polarize the country and create unnecessary tension. There are no such bank. All banks opera within the same guidelines

        • abodes_124

          Tribalism is near the top of Nigeria’s problems. you can see it laid bare on most social media for a. what a pity.

        • Manuel Tobby

          So you think I am the one that started using the terms?
          So you just came online today?
          You didn’t read how igbos went viral insulting everything Yoruba or linked to yorubas?

      • Afo

        Do the Igbo people making fraudulent noises here even buy the Innoson Vehicles. What a set of people. GTBank cannot allow the fraudulent man to run away with our deposits and should take all legitimate steps to recovery depositors fund. Gone are the days the thieves could just vanished with depositors fund. God bless GTB.

        • The most disgusting ethnic group in Nigeria. Unfortunately, I was born in Igboland. I am so ashamed of these people.

      • Igwe Bu Ike

        What was GTBank doing in Igboland? laying AMBUSH? It is business, and GTBank benefited from the loan, but because of greed, the bank went too far by stealing MONEY from Innoson account. They went to court, the court ruled in favour of Innoson. Because fraud reign supreme in Nigeria and because Nigeria is cursed. Instead of obeying court orders, the ROGUE bank went and corrupt EFCC, another fraudulent government agency that has failed to account for all recovered loots from politicians to intimidate Innoson. Forgery??? Even Buhari forged Secondary School Leaving Certificate and birth certificate since he is not sure of his age (74 years or 75 years).

        • TOBBY777

          You guys should never allow emotions take over your sense of judgment. Did Innoson show any court papers to support his argument? If Innoson have all the court judgments what stops him from presenting them to support his argument? Sahara reporter did a detailed investigations about this case and published all the court papers showing Innoson failed his contractual obligations with the bank.

          Fani kayode and his gang went to town crying on top of the roof that Buhari is attacking Igbo businesses because he hates the Igbos, but Innoson in this article said the federal government increased the purchase of his cars that is why GTbank in league with some foreign automobile companies wants to run him out of business. This is a contradiction fani kayode and his gant must address.

          We must learn to stand for the truth and stop wearing everything ethnic garments. Buhari·s age has nothing to do with this. You guys should learn to stand for the truth even if it once. WITHOUT LOVE, LIFE IS A MISTAKE.

        • Shame on you…..

        • Manuel Tobby

          You said Nigeria is cursed? Yes, with people like you in there!

      • thusspokez

        The shareholders of GTBanks owns the bank; the banks is not owned by only one person as it is not a sole trader. And I am sure that some of the shareholders would be Igbo.

        • You are wrong. The majority owners of GTB are from the Southwest. The Bank was founded by Adeola just like Fidelity Bank is owned by Igbos. I am a fan and unrepentant supporter of Innoson but I hate how the good for nothing Igbos are turning the issue to ethnic war.

          • abodes_124

            ‘good for nothing igbos’ …’ethnic war’. Methinks you let the mask slip there

          • thusspokez

            You are wrong. The majority owners of GTB are from the SouthwestHow did you know this? Have you seen the company list of shareholders?

        • Manuel Tobby

          Then why were some clowns were all the place barking the name of yorobbers as the one attacking your igbo brother innosson.

          • thusspokez

            Go and ask them! Why are you asking me?

    • Gbola

      This issue is very simple.

      GTB loaned Me Innocent money to purchase car and motorcycle parts.
      (THIS HASN’T BEEN DISPROVED)

      .

      GTB placed a LIEN on the goods till Mr Innocent pays at least 25%.
      Basically, GTB owns the goods till Mr Innocent pays the stipulated sum.
      (THIS HASN’T BEEN DISPROVED).

      .

      GTB alleged that the LIEN was deceitfully and fraudulently lifted without their consent.
      WHILE
      Mr Innocent claimed that the Bill of Laden he tendered wasn’t forged as alleged by GTB but that it was indeed issued by GTB.
      (BONE OF CONTENTION).

      .

      SIMPLE SOLUTION –
      If Mr Innocent really did pay the 25% that warranted the LIEN lifted and the Bill of Laden issued, he should simply tender the payment instrument used in facilitating this payment.
      ELSE IF
      It was a case of GTB forgoing the 25% THEN all he has to do is produce the letter stating so in court.

      .

      This is a VERY Simple matter regarding the criminal case of FORGERY.

      ———–

      OTHER cases are merely afterthoughts and INDEPENDENT of th

    • thusspokez

      The allegations were reported by GTBank, which said Mr. Chukwuma forged bank and shipping documents to clear some goods a few years ago”

      This is a criminal act. TRUE or FALSE.?

      • Igwe Bu Ike

        Why didn’t GTBank disclose the information before until now? And on which bank name was the documents forged? And which bank helped him forged the documents? The stealing of Innoson money by GTBANK is it not a CRIMINAL act? TRUE or FALSE?

  • obiora

    Prof Wole Shoyinka should read all his Yoruba Criminals here and know Why IGBO people Are against his Son marring our daughter. Heart Attack will Kill Yoruba in Nigeria because of Innoson. Treacherous in every thing. Evil is real name to Yoruba.

    • Your English language is appalling. It stink like a dead rat.

      • Igwe Bu Ike

        Nothing is wrong with his style of writing. And no language stink like dead rat.

    • Dr Norm

      I firmly believe that the fulani must be “funding” some Yoruba to incite hatred and divisions between the two ethnic-nations, while they rob the South of 90% of its oil. They would like gullible Igbo to think that their real “enemy” are the Yoruba and not the hausa-fulani, who have been massacring Ndigbo (and some Yoruba and others) since 1945) Indeed the born-to-rule are aware that nothing else would consolidate their their islamic “colonial” enterprise more than the promotion of continued disunity between the two groups; for the caliphate is “terrified” of an Igbo-Yoruba rapprochement. Those of us who worked with NADECO in the US can testify that the Yoruba are politically formidable when they are united. But here is the million dollar question: Are they willing and ready to bring their great political and organizational skills-in cooperation with other nigerian ethnic nations-to bear on the “real problem with nigera: the arrogant, violent, blood-sucking, corrupt, and rampaging fulani islamic invaders? Every true Igbo knows that Wole Soyinka is an “icon” of justice and Freedom, and an avowed enemy of oppression who was imprisoned by agents of the caliphate because of his support for Biafra. And it will be an honor to have him as an in-law. Even then, it should be understood that even among the Igbo-as in many parts of Africa-there are some close neighbors that rarely intermarry-due to age-old misunderstandings, myths and idiosyncrasies. .

    • Babagordy

      Obiora during Nigeria civil war it was only Wole Soyinka on the Nigerian side who was concerned about the carnage that was visited on the Igbos in their thousands; he was so concerned that he crossed into Biafran enclave to discuss peace with Ojukwu. The Federal republic of Nigeria headed by General Yakubu Gowon detained Soyinka for more than a year for his altruism. With the passage of time Gowon has since offered an apology to Soyinka as he came to realize Soyinka was ahead of that time. It is also on record that he rescued thousands of Igbos children during the civil war and placed them in refugee camps where they were catered for. Those igbos children of 1968-69 are now adults, one will have expected them to come together and show some gratitude to the old man. Who knows; Obiora one of your relatives may be among those who benefited from Soyinka’s kindness. Igbos should remain grateul to the great Soyinka for life!!

  • thusspokez

    “We have it now on good authority that there is a grand conspiracy by some international competitors of Innoson Vehicles who have conspired with a financial institution to pull down Innoson Vehicles at all cost,” Mr. Chukwuma said in a statement to PREMIUM TIMES signed by Cornel Osigwe, head of corporate communications at Innoson

    The company linked the alleged conspiracy to “the latest increase of patronage of Innoson Vehicles by the Federal Government.”

    I can’t figure out the missing link between the two statements.

  • TOBBY777

    Wait a minute, somebody should be get across to fani kayode and his army of tribalists who said Buhari is attacking the business owedby Igbos because he segregates them. Innoson said GTBank working with some automobile companies outside Nigeria are working to destroy their cause because the Fedeal Government have increased its level of patronage of Innoson motors.

    This statement by Innoson is a clear confirmation that Buhari dont hate anybody the way low lifes like fani and his army of rumour mongers want the world to believe. WITHOUT LOVE, LIFE IS A MISTAKE.

    • Dr Norm

      INNOSON spoke about the “growing orders” and not “sales.” You must find out the number of vehicles “actually” bought during the buhari administration in order to absolve this regime of a witch hunt. For why should the nigerian government “unleash” the EFCC on a company it supposedly likes and patronizes? This regime is not known to probe its friends-no matter how corrupt. Even then, there is nothing to applaud here. The President of Ghana has been using INNOSON products as official vehicles for years; and recently, the government of Mali alone ordered 400 vehicles from the company. The nigerian government must have been embarrassed by these developments. But why should the EFCC get involved when INNOSON and the bank are still in court-the Supreme Court-after the company had won judgments against them in the lower courts? Only the ignorant tribalist and delusional fulani slave would deny that there is an evil plot to destroy this Igboland-based, private and largest employer of Ndigbo in nigeria. Remember also that, according to Amnesty International, buhari has slaughtered hundreds of Igbo civilian protesters, at Onitsha, Aba, and Umuahia, destroyed the palace of Eze Kanu, the father of Nnamdi Kanu, whom he “kidnapped” together with his parents-and after slaughtering members of his family. If buhari had no qualms shedding innocent blood, imagine what he will do an indigenous Igbo company that could produce weapons for the Biafrans? Moreover, as a military head of state, buhari had refused to support an Igbo-a deputy Secretary General of the OAU (now AU)-as the Secretary general of the organization- even though he was endorsed by most African countries. He rather preferred a fellow fulani from Niger Republic, who eventually won. That is your “one nigeria.” Tufiakwa!

      • TOBBY777

        It is you guys that are wearing this issue ethnic garment cause Innoson have continue to tell anybody that cares to listen the EFCC is being used by GTbank. Please read the statement of Innoson on this issue, he is at the center of this matter, are you now telling the world you know more than Innoson on this issue. I saw another outrageous post some days back, when one of you was attributing an accident that happened in the south east as an attempt by the fulani to decimate the Igbos and you guys forgot so soon you told the world just 2 years back that Jonathan have transform allthe roads in the south east to paradise. How long will you guys continue to lie against yourself and hate otehrs for your errors? WITHOUT LOVE, LIFE IS A MISTAKE.

  • TOBBY777

    Innoson vs GT Bank: How Industrialist Defrauded Bank And Bullied The EFCC, The Police And Courts With his Political Connections
    Mr. Innocent Chukwuma, the Anambra-born industrialist and Chairman of Innoson Nigeria Limited, may have succeeded playing the victim with his arrest, on Tuesday, by the Economic and Financial Crimes Commission (EFCC), but there are clear indications that he attempted to defraud Guaranty Trust Bank (GTBank) through forgery of documents. Mr. Chukwuma was released on bail on Thursday. Part of Mr. Chukwuma’s success manifested in his arrest being promoted as an ethnically biased move as well as one to hamper a local industrialist.

    BY SAHARAREPORTERS, NEW YORKDEC 23, 2017
    Mr. Innocent Chukwuma, the Anambra-born industrialist and Chairman of Innoson Nigeria Limited, may have succeeded playing the victim with his arrest, on Tuesday, by the Economic and Financial Crimes Commission (EFCC), but there are clear indications that he attempted to defraud Guaranty Trust Bank (GTBank) through forgery of documents. Mr. Chukwuma was released on bail on Thursday. Part of Mr. Chukwuma’s success manifested in his arrest being promoted as an ethnically biased move as well as one to hamper a local industrialist. Social media platforms have continued to fizz with this narrative, with many users threatening to close their accounts with GTBank and urging others to do same.

    GTBank, Chukwuma’s supporters argued, is out to do Mr. Chukwuma and Innoson Motors in because of his ethnicity.

    The saga dates back to 2009, when GTBank, with which Innoson Motors is a customer, granted the auto assembly company a series of credit facilities totaling N2.4 billion. The loans represented part-finance and working capital for the importation of new motorcycles, motorcycle spare parts, agricultural machinery spare parts and plastic manufacturing equipment.

    Sources told SaharaReporters that under the loan terms agreed by Mr. Chukwuma on behalf of Innoson, proprietary interest in the imported items was exclusively consigned in favor of the GTBank.

    This, in strict terms, means that the bank owned the imported goods. As such, the original shipping documents (Bills of Lading), exclusively obtained by SaharaReporters, sources further disclosed, were duly held by GTBank and remain in its possession.

    On account of the bank’s exclusive ownership of the goods, explained those knowledgeable about the transaction, only it can transfer ownership to Innoson or any other party.

    A condition in the loan agreement for the release of the goods by the bank to Innoson was the payment of 25% of the value of each Letter of Credit transaction by the auto assembly company.

    SaharaReporters learned the Mr. Chukwuma, on behalf of Innoson, approached GTBank requesting the release of the shipping documents without fulfilling the condition requiring him to pay payment the agreed 25% of the value of each letter of credit. On account Innoson’s failure to meet the condition in the agreement, the bank turned down the request.

    What followed stunned and riled the bank. It discovered in June 2011 that the shipping documents for goods it declined to release to Innoson because of its failure to meet the agreed conditions had fraudulently been obtained by Innoson.

    SaharaReporters learned that Innoson, on the instruction of its Chairman, had forged GTBank’s endorsement on the Bills of Lading to the shipping line, fraudulently clearing the imported items, which consigned to the bank.

    This means that being the property of the bank, the items should never have been cleared from the ports without the bank endorsing the original shipping documents in favor of Innoson or any third party.

    What Innoson did, revealed sources, was to forge the signatures of Messrs Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, all GTBank staff, as well as the bank’s stamp on all the shipping documents to clear the goods at the ports. Insiders said the bank never endorsed or transferred the shipping documents to Innoson, as their original copies remain in the bank’s possession.

    Displeased, the bank reported the matter to the Police, to which, insiders further said, Mr. Chukwuma told that the documents were released to him by the bank. The Nigerian Police launched an investigation into the bank’s complaint. This took in a forensic examination of the signatures on the documents and established that they were forged by Mr. Chùkwuma and his accomplices to fraudulently clear the goods the Nigerian Ports Authority (NPA).

    Police sources said what they knew was that Innoson and Mr. Chukwuma deliberately designed a scheme to steal from the goods from the bank through forgery and misrepresentation. The theft of the goods, which served as the bank’s collateral, left a debt in excess of N1.6billion as at September 26, 2012.

    The Innoson Chairman was arrested and interrogated the EFCC. After the interrogation, EFCC sources disclosed, he agreed to make monthly payments into Innoson’s account until his company’s indebtedness to the bank is completely liquidated.

    However, that agreement was breached, said sources. In September 2013, GT Bank expressed its disappointment by petitioning the Police, which deemed Mr. Chukwuma culpable. He was subsequently charged to court.

    The case (No. FHC/L/565C/2015) is currently pending before Justice J. Faji of the Federal High Coury, Ikoyi, Lagos. The Police slammed charges of fraudulent clearance of goods, forgery, illegal conversion, stealing and conspiracy on Innoson Nigeria Limited, Mr. Chukwuma, Charles Chukwuma, Maximian Chukwura, Mitsui Osk Lines and Annajekwu Sunny. At the last proceedings, the matter was adjourned to November 21, 2017 for arraignment/or hearing of a motion for issuance of Bench Warrant.

    Innocent Chukwuma
    Innoson would later approach GT Bank for a reconciliation of his account and pleaded for debt forgiveness.

    The bank agreed and reconciliation was carried out on the account, which had a debit balance of N1,654,481,895.04 as at December 31, 2011. On account of the conciliatory posture by Mr. Chukwuma and EFCC intervention, GTBank, said authoritative sources, agreed to forego the N559m, which represented default charges that had accrued on the account and debited in line with the loan agreement it and Innoson.

    On the basis of this, the bank decided to accept from Innoson the sum of N1.095billion as full and final payment of the company’s indebtedness to the bank with the proviso that it must be paid in full not later than (30) days from the date of the letter written conveying the decision was written to Innoson.

    Innoson, however, would stun the bank again when it filed a suit (No: FHC/AWK/CS/2012) against the bank at the Federal High Court, Awka, Anambra State, claiming that its account with the bank had been debited for excess charges totaling N559,374,072.09. He obtained a judgment in excess of N4.7billion against the bank from a judge said to be his ally.

    This was despite breaching the amicable agreement between the company and the bank for a full and final settlement of N1,095,107,822.95, which saw the bank forgo the sum of N559,374,072.09, which accrued on its account during the period which he abandoned it.

    To stall the criminal proceedings against him and his company, Mr. Chukwuma instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against the Inspector- General of Police, Nigeria Police Force and investigating officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against him and his company.

    To thwart the bank’s recovery bid as well as distract it from focusing on the criminal action and civil actions filed for recovery of the debt, Mr. Chukwuma and his company, revealed sources, have continued to institute lawsuits before various courts, claiming frivolous and outrageous sums against the bank.

    Giving reasons for Mr. Chukwuma’s arrest, the EFCC, in a statement signed by Mr. Wilson Uwujaren, its spokesman, Mr. Chukwuma refused to respond to invitations by the commission after initially being granted administrative bail by the commission, while his surety could also not be found. He was also said to have resisted arrest.

    “Unfortunately, the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home.

    “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the commission duly identified themselves to policemen guarding his home,” said the EFCC.

    His thugs added the commission, assaulted its operatives, forcing the EFCC to call its Enugu office for reinforcement.

    “In all of this, the commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team and not a single shot was fired, despite the provocation.

    “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery.

    “The industrialist, among other infractions, allegedly used forged documents to secure tax waivers,” said the commission.

    GT Bank, on Thursday, released a guarded statement, saying it would not want to speak about some of the allegations because they are already before the courts. It, however, maintained that it would take necessary legal steps when its rights are infringed upon.

    What the bank did not say, explained sources, was that in responding to Innoson’s motion for a stay of criminal proceedings at the Court of Appeal, Justice J.S Ikyegh, on September 17, dismissed the motion as unmeritorious and ordered that proceeding in the criminal case against Innoson should proceed.

    A Copy of the Bill of Lading in possession of GT Bank that Mr. Innocent Chukwuma allegedly forged
    On October 12, the Police filed an application (No. FHC/L/565C/2015) for the issuance of bench warrant against Mr. Chukwuma, Charles Chukwuma and Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Federal High Court, Ikoyi, Lagos.

    The current hoopla quickly became political as Mr. Chukwuma mobilized lawmakers in the Senate who in turn began pushing an ethnic narrative over his arrest and detention by the Economic and Financial Crimes Commission. Sources told Saharareporters that Mr. Chukwuma had become a law unto himself, using political connections to circumvent official scrutiny. They said during ex-President Goodluck Jonathan’s era, Mr. Chukwuma was untouchable. During one of his court cases in Lagos, A federal judge who appears to be at his mercy of Mr. Chukwuma’s lawyers Justice Saliu Saidu of the Federal High Court in Lagos had to warn him that he would not be intimidated.

    After his arrest by the EFCC, the forces against the anti-corruption Czar, Ibrahim Magu at the Nigerian Senate came out of the woodworks, even with the Senate President, Bukola Saraki making a ridiculous assertion with a rhetoric question on the floor of the Senate wondering if the FBI would intervene in a dispute between Ford Motors and an American bank.

    The worsen the case of official collusion with Mr. Chukwuma, the Attorney General of the Federation, Abubakar Malami claimed he had not been briefed about Mr. Chukwuma legal issues, but a cursory check shows that the police is prosecuting Chukwuma through the office of the AGF.

    Yesterday, a lawsuit filed by lawyers before Justice Rabiu-Shagari of the Federal High Court in Lagos by Mr. Chukwuma’s lawyers challenging his detention through a fundamental rights enforcement lawsuit was curiously withdrawn by his lawyers, a sign that he had achieved his objectives using his political connections to bully his bank and browbeat the courts and law enforcement agencies investigating the case of forgery against him.

    A Copy of the Bill of Lading in possession of GT Bank that Mr. Innocent Chukwuma allegedly forged

    Innoson Charge Order

    Police statement showing Innoson forged documents

    Charge sheet filed against Innocent Chukwuma

    http://saharareporters(dot)com/2017/12/23/innoson-vs-gt-bank-how-industrialist-defrauded-bank-and-bullied-efcc-police-and-courts WITHOUT LOVE, LIFE IS A MISTAKE.

    • Michael Williams

      I THINK YOU SHOULD BE QUITE MY FRIEND. WHY DID THE BANK NOT NOTICE EVIDENCE OF FORGERY UNTIL THEY ARE TOLD TO PAY DAMAGES? I THINK YOU SHOULD USE YOUR COMMON SENSE.

      • TOBBY777

        This matter has been in the court for more than 5 years now. As an educated peson I presume you are, you are supposed to do a little research on such issue before taking a stand. Saharareporters published all the court cases the orders, the charge sheet and the date the case was filed, the name of hte attorneyes involved. Innoson has not produce any evidence to back up his claims, he said he had judgments from the high court and court of appeal, he have copies of the appeal filed by his opponent what stops him from publishing same for all to see? You wont think alon that line cause that will punture your arguments, he did not do that cause there are no such documents. WITHOUT LOVE, LIFE IS A MISTAKE.

  • Tecemoney

    May God help our country, tribalism is not the way forward. Let love lead.

  • Headshot

    It’s mind blowing how some people are quick to ‘explode’ on the slight allegation of discrimination against their tribe – you only make it easy for your own people to continue to exploit you. Why must you always think that some people are just out to get you. Learn to always view situations from an unibiased angle and believe me, people are not that bothered about your successes and tribulations. It’s all in your head.

  • javscong javscong

    I doubt it if Mr. Innocent Chukwuma knows how much damage this media imbroglio is doing to his company on the international scene. This matter should never have been allowed to blow up this much. Innoson was definitely given very poor legal advise. The lawyers urging the man and his company to continue filing frivolous claims are guilty of malpractice. The truth is that having reconciled the accounts and the bank having agreed to a waiver of excess charges, the company should have respected the terms of that waiver. “EXCESS” in this context should not be misconstrued as “illegal”. Those charges are part of the loan agreement and the bank agreeing to waive it is a gesture of goodwill. Perhaps the 30 days given by the bank to pay the agreed balance was a constraint BUT Innoson should have asked for more time, perhaps 90 days. I am sure that a responsible organisation like GTB would have been sympathetic to any such pleas. By going public, Innoson has unwittingly raised a “red flag” about the integrity of his company. His suppliers world wide do not need EFCC or GTB for them to now deal with Innoson with utmost caution. All this talk by the communication unit of Innoson of some conspiracy is “kids stuff”. If any damage has been done, it is 100% the company’s own doing. Hold your lawyers accountable too for leading you into this mess. Having said all that, the only way to avert further damage, will be to seek arbitration. From a legal stand point, it is a lose-lose situation for Innoson. Those bogus judgements will never be upheld at the Apex court. Settle this matter out of court and concentrate on growing your business.

    • princegab

      Innoson is innocently unserious. He will sink his company before we know it.

  • Bishop Fidel Obi Boateng

    Nigeria Banks! Cheap and nonsensical Cock and bull story of how Nigeria banks rope, loot, and shut down many Nigerian enterprises, through fictitious loans, exploiting the naivety of Nigerians. They come to you with a proposal to better your business, only to overthrow you and take your business. Evil capitalists! This bank has shown Nigerians how most Nigeria banks are into corporate fraud, kidnapping
    and armed robbery, using national security. Many viable Nigerian entrepreneurs are out of business today and some are in jail while others have committed suicide because of dubious kangaroo banking, cum loans. These banks connive with politicians and national security to loot Nigeria. Some media houses are also in the deal. This bank per its ambiguity story of how it shot the baby bird and its mother flew away, should be investigated for corporate fraud. My worry is how national securities are involved in almost every high profile crime in and outside Nigeria. From the cold blooded murder of MKO Abiola, to Nnamdi Kanu and now Innoson motors. And banks finance these crimes. This abduction cum arrest of Mr Innocent Chukwuma, is it the way law stipulates? Pls stop wasting the time of Nigerians with this media propaganda! People have suffered enough. Nigerians need some fresh air.

  • PolyGon2013

    Ibos always play victims. Here we go again!

  • paschal

    The Chhatarpur Temple India , (Also known as Black Magic Removal Temple) was declared by UNESCO as a World Heritage Site in 1987. Chhatarpur Temple India Temple a place of deep India Occult Black Magic that leads to unknown harmony and prosperity, The black magic occult temple is a source, for finding freedom from Black Magic attack using ancient powerful remedies of ancient temple of Chhatarpur Temple India.

    The Chhatarpur Temple India is a source of great amazing spiritual powers that over comes the black magic of life that may kill your dreams protect your self now.
    ContactUs:(chhatarpurtemple@gmail.com)

  • paschal

    The Chhatarpur Temple India , (Also known as Black Magic Removal Temple) was declared by UNESCO as a World Heritage Site in 1987. Chhatarpur Temple India Temple a place of deep India Occult Black Magic that leads to unknown harmony and prosperity, The black magic occult temple is a source, for finding freedom from Black Magic attack using ancient powerful remedies of ancient temple of Chhatarpur Temple India.

    The Chhatarpur Temple India is a source of great amazing spiritual powers that over comes the black magic of life that may kill your dreams protect your self now.