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Arrest of our Chairman by EFCC connected to case with GTBank – Innoson Motors


The Spokesperson Innoson Motors,  Cornel Osigwe has revealed why the Chairman of the automobile outfit, Innocent Chukwuma, was arrested by the  Economic and Financial Crimes Commission (EFCC).

Operatives of the anti-graft agency arrested Chukwuma at his residence in Enugu around 9:00 a.m. on Tuesday.

“His arrest is in connection with the ongoing case he has with GTBank. He was never invited by the EFCC, we challenge them to come forward with any evidence showing that he jumped bail,” Osigwe said.

“This is GTBank using federal authorities to persecute an illustrious citizen who has done a lot to improve the economic development of this country.”

Osigwe said his principal was accused of jumping bail, wondering how someone who was never invited by the EFCC much less being arrested would be accused of fleeing from the law.

GTB denies involvement

Meanwhile, EFCC Spokesperson, Wilson Uwujaren, said he had not been briefed about the arrest.

Also speaking, the Spokesperson for GTBank, Meksley Nwagboh, denied the bank’s involvement in the arrest,  saying that if it is the “EFCC that arrested him, they will be in a best position to comment on the reason for his arrest.”

Innoson Group has accused GTBank of being indebted to the indigenous auto manufacturing company up to N8.5 billion in a series of damages that stemmed from illegal service deductions by the bank.

An initial fraud case brought against Chukwuma was withdrawn earlier this year.

But the Attorney-General, Abubakar Malami revived the case at the Federal High Court in Abuja as GTBank maintains its allegations that Chukwuma manipulated bank and shipping documents to obtain tax waivers from the Nigerian government.