Lagos Court Orders Arrest of Innoson Boss

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SWITZERLAND, JUNE 24 – A Federal High Court in Ikoyi, Lagos State has issued a bench warrant for the arrest of the CEO of Innosson Nigeria Ltd, Innocent Chukwuma and two others over fraud allegations.

Justice Ayokunle Faji gave the ruling on Monday, directing that the Innoson boss be arrested and produced in court for trial.

Details will emerge but this development may be connected with Innoson’s running battle with Guaranty Trust Bank(GTB) and the Nigerian Customs.

Innoson instituted a move to take over Guaranteed Trust Bank, GTB assets a few months ago, following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company.
The company’s chairman, Chief Dr Innocent Chukwuma, made the move through a “Writ of FiFa taken over Guaranty Trust Bank PLC for and on half of Innoson Nigeria Ltd” as a result of the Bank’s indebtedness to Innoson Nigeria Ltd.

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