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EFCC Arrests Innocent Chukwuemeka Over Alleged Undisclosed Deals
By Jane Nneoma

The CEO of Innoson Technical Manufacturing Company, Chief Innocent Chukwuma was yesterday arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged undisclosed financial deals.

Chukwuma was arrested at about 11-30am from his Government Reserved Areas (GRA), Enugu residence by armed police officers after an initial resistance mounted by him with the use of trucks belonging to his company.

Apparently learning of his impending arrest yesterday morning, several trucks belonging to his company had been used as early as 7.00 am to block the three entrances leading into his Savage Crescent residence GRA. The development caused several hours of gridlock as road users struggled to move through the adjourning street.

Confirming the incident, EFCC’s Media Officer in Enugu, Mr Chris Oluka, said he did not know why he was arrested.
“They brought him into our office and are taking him to Lagos. Those who arrested him came from Lagos. Nobody has told us why he was picked but I believe it will be made known in due time”, he stated.


However twitter users seem to be more honest as to what might have led to his release. While most easterners seem to think it’s something political or tribal related, generally, people think a lot of political dogs now use EFCC for their personal intentions.

FROM THE THREAD BELOW INNOSSON MIGHT BE INNOCENT BUT MUST BE SEEN TO GO THROUGH D PROCESS. IT IS IMPORTANT WE DONT TRIBALIZE EVERY NEWS AFFECTING OUR OWN. Damite2ky Wrote:

It was alleged that GTB deducted N786,205,955.99 as bank charges from Innoson’s Account between March 2004 to December 2011.
Multiwings Consulting Firm of Auditors carried out the Audit,...of course GTB was shocked at the audit report when they got it

In the month of September 2012, GTB wrote to Innoson that from their personal audit report, the excess bank charges was N559,374,072.29

Innoson also requested that the said agreed amount of N559, 374,072.09k be paid with a 22% interest rate because he had been repaying ...

... with GTB at 22% rate. GTB refused and said the best they can repay is at 7%. This led to another disagreement between Innoson and GTB.

As a result, Innoson commenced suit No: FHC/AWK/CS/2012 against GTB at the Federal High Court, Awka and obtained judgment in excess of N4.7 Billion against GTB.

GTB appealed against the judgment to the court of Appeal, Enugu Division, appoxite Appeal NO: CA/E/288/2013. The court of Appeal Enugu in a considered ruling ordered GTB to pay the judgment debt of N6 Billion inclusive of the accrued interest and any interest that would....

GTB appealed against the judgment to the court of Appeal, Enugu Division, appoxite Appeal NO: CA/E/288/2013. The court of Appeal Enugu in a considered ruling ordered GTB to pay the judgment debt of N6 Billion inclusive of the accrued interest and any interest that would....

subsequently accrue thereon into an interest yielding acct in the name of the Chief Registral of the Court. GTB is yet to obey this judgment; however it went to the Supreme Court. The matter is yet to be resolved at the Supreme Court. Today that judgment debt is about N8 billion

GTB, having seen that the Judgment debts Innoson had against them is too much for them to bear and instead of calling Innoson to seek an out-of-court negotiation, they decided to initiate a trump-up charge against Innoson with an allegation of falsification of shipping documents.

....and representing them as genuine in order to force Innoson negotiate with it from a position of weakness.

For over 5 years that GTB had admitted it debited unlawfully excess charges from Innoson’s account; Innoson is yet to get his money from GTB.

The reason why GTB have failed to pay their indebtedness to Innoson is still unclear.

 

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