COURT REFUSES TO HALT INNOSON’S EXECUTION ORDER AGAINST GTBANK

Federal High Court, Awka A federal High Court in Awka, Anambra State, has refused to suspend the execution of its order embarked upon by Innoson Nigeria Limited against a new generation bank.The court also refused to set aside the orders it made on March 27, 2019 granting Innoson leave to enforce the judgement, issue processes for enforcing the judgement and levying execution of the Writ of Fifa against the bank. It had on March 27, 2019 granted leave to Innoson to enforce the judgement and garnishee order absolute made at…

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INNOSON MOTORS DELIVERS 77 NEW VEHICLES TO FRSC, SEE PICS

It was widely reported that FG Procures 77 new vehicles for FRSC Operations and this supply comes from Innoson Motors. The vehicles are 74 units of Innoson IVM 4×2 Double Cabin Pick-Ups and three ambulances. Speaking on behalf of President Muhammadu Buhari at the Commissioning of the vehicles in Abuja, the Secretary to the Government of the Federation, Boss Mustapha said the development was aimed at ensuring safety and accelerated economic growth of Nigeria. He assured of the federal government’s commitment to continue to provide all the necessary logistics, legal…

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FG URGES COURT TO ISSUE ARREST WARRANT ON INNOSON MOTORS BOSS

The Federal Government Monday urged the Federal High Court in Lagos to issue a bench warrant for Innoson Nigeria Limited’s chairman Mr. Innocent Chukwuma and two of his employees. They were charged in a fraud case before Justice Ayokunle Faji. The Police charged them with an alleged N2.4billion shipping fraud, but the Attorney-General of the Federation later took over the case. Others named in the charge are Charles Chukwuma, Maximian Chukwura, Mitsui Osk Lines and Anajekwu Sunny. The prosecution is praying the court to order the arrest of Innoson Motors…

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INNOSON TELLS GTB, CONVERT THE 8.8BIL DEBT INTO SHARES AND HAND THEM OVER TO US

Innoson Motors Limited in Nnewi has advised Guarantee Trust Bank (GTB) to stop deploying more resources into stopping the execution of the court order made against it. The motor company said the refusal, last Friday, of the Federal High Court sitting in Ibadan to hear or grant the bank an injunction to restrain Innoson from continuing to levy execution against it is a clear indication that the bank had nothing more to do. Speaking about the case on Monday, Cornel Osigwe, Public Relations Officer of Innoson, advised the bank to…

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