Leading indigenous automobile manufacturing company, Innoson Vehicle Manufacturing Company (IVM) on Wednesday opens up that its efforts to boost production of vehicles from 10,000 capacity annually to 60,000 was being threatened by litigations against the company.
This was disclosed by the company’s Head of Corporate Communication, Mr. Cornel Osigwe who also confirmed that the factory’s upgrading from manual to automated production was affected.
Osigwe stated that the recent charge filled by the Economic and Financial Crime Commisson (EFCC) is a huge distraction which is also affecting the factory’s staff who are scared of being harassed by the anti-graft agency and other security agencies.
In his own words “ there has been an advertorial by the EFCC declaring Dr. Innocent Chukwuma, Chairman, Innoson Motors wanted”. “ that publication according to him, has maligned the image and reputation of the Chairman of the company as well as portraying in bad light as a criminal which he is not”.
He went further to stress that, “the fact of the matter has been an abuse of court process by the EFCCover a business disagreement between IVM and Guarantee Trust Bank which started in 2013”.the case according to him, instituted by the EFCC is still pending at the Federal High Court, Lagos and at the Court of Appeal, Lagos.
He again stated that the same EFCC filled a fresh charge of the same case and allegation at the Lagos High Court, which according to him is a clear case of an abuse of court process by the graft agency. Innoson is contesting that the Lagos High Court has no jurisdiction to entertain the suit and not afraid of arraignment or running away from the court. “He is saying that he must be arraigned through due process of the law,” he lamented.
Osigwe continued by saying that IVM represents the hope, identity and story of Nigeria, as well as the die-hard spirit of Nigerians to make things happen.
It will be recalled that Dr. Chukwuma is standing trial in a matter between his company and the EFCC. He was arraigned alongside his company for allegedly forging documents to facilitate the clearing of some goods at the port. Specifically, he was alleged to have forged documents purported emanating from GTB Bank.