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Legal expert gives real picture of the Innoson GTB takeover, giving detailed explanation on how it affects the bank and its customers

The Nigerian businessman, Innocent Chukwuma, has described his declaration as a wanted person by a Lagos State Special Offences Court as targeted to humiliate him READ MORE HERE

Justice Mojisola Dada of the special offences court sitting in Lagos, on Thursday declared the Chairman of Innoson Motors Nigeria Ltd, Innocent Chukwuma wanted over his failure to make an appearance in court for his arraignment for the fifth time. READ MORE HERE

Super Eagles participation at the World Cup got a boost as Innoson Motors have agreed to support the “Fly me to Russia” committee set up by the Ministry of Sport. Owner of Innoson Motors, Chief Innocent Chukwuma (OFR) assured the committee that he would make cash donations after the Easter...

You have probably heard about Innoson in different mediums and instances, but what do you really know about IVM? What do you know about the manufacturing of motor vehicles?During the Techpoint Tours, Mr. Nnamdi Onusogu the General Manager of Innoson Nigeria Limited led us on a guided tour of the...

Innoson Kiara Academy has commenced training of 200 Niger Delta youths in automobile fitting to meet the needs of the country’s labour market. The exercise was flagged off at the factory auditorium Nnewi, Anambra State on Friday with an induction Read more via BusinessDay –...

The Chief Executive Officer, CEO, of Innoson group of companies, Innocent Chukwuma, has opened up on the warrant of arrest issued against him by Lagos High Court. However, Chukwuma said the judge who issued his arrest warrant, erred in law, adding that due process ought to have been followed in...

The planned arraignment of the chairman of Innoson Nigeria Ltd, Innocent Chukwuma, before a Lagos judge was stalled on Wednesday after the defence lawyer accused the Economic and Financial Crimes Commission of wrongful service of court summons. U. Onwukwe, who represented Mr. Chukwuma, said only...

By Christopher Isiguzo in Enugu The Chairman/Managing Director of Innoson Vehicle Manufacturing, (IVM), Chief Innocent Chukwuma, yesterday in Enugu accused the Economic and Financial Crimes Commission (EFCC) of double standards in its involvement in the lingering dispute between his company and...

The Chairman and Managing Director of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma, has dismissed as laughable and a ‘no issue’ the alleged fraud charge filed against him by the Economic and Financial Crimes Commission (EFCC). In a statement by Head of Corporate Communications...

Amidst the controversies GTBank finds itself in, rumours are now ongoing that customers of the bank have started withdrawing their funds from the bank. The controversies have been between the bank and Innoson Motors, a case that has gotten so much attention in the past few days and also the...

Senator Enyinnaya Abaribe, threw the Senate into a coarse session when he announced that the operatives of EFCC slapped the wife of Mr. Chukwuma. “Another incident happened in his house. The wife asked a question; why are you arresting my husband? What has happened and they slapped her.”...

Below are key points to know about this huge dispute as composed by Enyinnaya Appolos; 1 – At all Material times, Innoson Nigeria Ltd operates a Current Account with GTBank. 2 – Innoson obtained, and had repaid same, a loan of N1.3billion from GTB Which was secured with a legal mortgage of its...

Chief Innocent Chukwuma, CEO of Innoson Group of Companies has opened up on his arrest by the Economic and financial crimes commission, EFCC on Tuesday morning. Chukwuma says that the EFFC is being used by Guaranty trust bank(GT bank) to intimidate him. In a statement to Vanguard from his...

The National Automotive Design and Development Council (NADDC) says the Federal Government is to launch a Vehicle Credit Acquisition Scheme to help Nigerians purchase locally assembled vehicles. Mr Luqman Mamudu, the Director Policy and Planning, NADDC, made this known at an interactive...

Nigerian indigenous car making company, Innoson Vehicle Manufacturing Company Limited, has sacked 50 percent of its workers, News Express reports. This was due to the dwindling fortunes of the company allegedly caused by change in government, high cost of the dollar, and difficulty in...