A well known industrialist, Innocent Chukwuma, popularly known by his company’s name, Innoson, has been arrested by the Economic and Financial Crimes Commission (EFCC).
He was picked up at about 11 a.m. at his Savage Crescent, GRA Enugu residence on Tuesday, December 19.
His arrest followed his refusal to honor an invitation by the Commission having earlier jumped an administrative bail granted to him in a case being investigated by the Capital Market and Insurance Fraud Unit of the Commission’s Lagos office.
Chukwuma, rather than honoring the invitation by the EFCC, mobilized six truck loads of thugs pretending to be staff of his company to his residence, where they manhandled EFCC operatives.
It took reinforcement from the Enugu office of the EFCC to effect the arrest of the industrialist who is currently being grilled by a team of investigators.
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the shareholders of that bank must be sleeping. When you are a bank and your legal counsel is going to the supreme court several times to adjudicate on the same financial transaction, your bank is in trouble! Is the N750m worth the reputational damage they are facing now and there could be worse to come. If the shareholders know what is good for them they would sack their MD that has allowed this matter to reach this disgraceful level sack the whole board of directors, the over ideological legal counsel appoint new directors a new md , distance themselves from the actions of the former board and apologise profusely to Innoson pay him what they owe him and diffuse the situation before there is a run on the bank by a certain segment of the population or even beyond. There is a reason why you see many out of court settlements in the West, They do not want the public to know of all the roforofo that could potentially embarrass them. See what is happening now, after losing two cases they are alleging that Inosson forged their documents. They are revealing to the whole world their customers are able to forge their document. It sounds like a difficult thing to prove in court as what appears to be an afterthought especially after two cases.So By revealing this document forgery who does it harm more Innoson or GTB, my sense tells me GTB