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Court Set To Send GTBank MD, Segun Agbaje, Chairman, Mrs Osaretin To Jail Over Contempt Of Court |RN

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Innoson group CEO, Chief Innocent Chukwuma, GTBank MD, Mr Segun Agbaje

The issue surrounding the case of Innoson motor with GTBank has been taking several unprecedented U-turns that it is most likely that this may get another twist for GTbank.

The reason behind the resistance from GTbank is what has baffled some in different quarters and some have asked the question, if GTBank managing director is pursuing another agenda than pure commercial dealings with Chief Innocent Chukwuma or Innoson Vechicles Manufacturing.

Innoson won their case against GTBank in the Supreme Court but it appears the bank leadership has refused to abide by the rulings of the highest court in Nigeria. This portends a grave danger for the leadership of the bank since they can longer appeal any case to any higher court than the Supreme Court of Nigeria.

Below is the  press statement from Innoson group:

Press Release

Court Set To Commit Guaranty Trust Bank’s MD Segun Agbaje and Its Chairman Mrs Osaretin Demuren To Prison Over Contempt Charge.

The Managing Director of Guaranty Trust Bank Segun Agbaje, Its Chairman Mrs Osaretin Demuren and the Company Secretary Erhi Obebeduo are set to physically appear before the Federal High Court Awka to show cause why they should not be committed for contempt and sent to prison for their willful, deliberate, wanton and unlawful violation of the subsisting Orders of the Supreme Court, Court of Appeal and the Federal High Court, Awka division and or for interfering with or obstructing due administration of Justice as epitomized by acts of hooliganism, thuggery, extreme lawlessness and condemnable impunity exhibited by them on the 29th and 30th of March, 2019 and on the 1st of April 2019.

The relief is contained in an application filed before the court by Counsel to Innoson Nigeria Ltd, Prof McCarthy Mbadugha ESQ against Guaranty Trust Bank on its acts of thuggery, extreme hooliganism and outright lawlessness in breaking into all the properties of GTB which have been distressed and seized by the Court bailiffs/sheriffs while executing a writ of fifa issued by the Court.

It should be recalled that Prof McCarthy Mbadugha ESQ obtained from the Court the requisite leave and necessary process for levying execution- the writ of fifa against GTB who failed to obey the Supreme Court and Court of Appeal’s Order affirming the Garnishee order absolute issued by the Federal High Court Ibadan in Suit No: FHC/L/CS/603/2006- ordering the bank to pay Innoson Nigeria Ltd the judgment sum of N2.4 Billion with a 22% interest, per annum, on the judgment sum until the final liquidation of the judgment. The Judgment debt of N2.4Billion has an accrued interest of over N6.7Billion as at today, thereby resulting in the total outstanding judgment debt being over N9 Billon as at today.

However, GTB through acts of thuggery, hooliganism, lawlessness and outright impunity committed in the company of thugs and hoodlums procured by the cited parties- Segun Agbaje, Mrs Osaretin Demuren, Erhi Obebeduo -obstructed the Court bailiffs/Sheriffs from executing the orders of the Court and also un-distressed and released from seizures all the properties of the banks seized and attached by the bailiffs/Sheriffs. These acts were in furtherance and in realization of the bank’s Press Release on 29th March 2019 that the execution is illegal and fraudulent and that it will resist it by any means necessary.

Innoson Nig Ltd through its counsel Prof McCarthy Mbadugha Esq in its Motion on Notice has sought the following prayers among others;

  • An ORDER of this Honourable Court commanding and or mandating the appearance of the cited parties on a day, date, time and venue as may be deemed fit by this Honourable Court to physically appear and show CAUSE why they should not be committed for contempt and sent to PRISON for the wilful, deliberate, wanton and unlawful violation of the subsisting Orders of this Honourable Court and or interfering with or obstructing the court’s due administration of Justice as epitomized by acts of hooliganism, thuggery, extreme lawlessness and condemnable impunity as exhibited on the 29th and 30th of March, 2019 and on the 1st April, 2019.
  • AN ORDER that the acts of thuggery, extreme hooliganism and outright lawlessness of the garnishee/debtor and or the parties cited in this application in breaking into all the properties of the garnishee/debtor distressed, attached and seized by the bailiffs/sheriffs of the Honourable Court pursuant to a writ of fifa issued by the Honourable Court for that purpose and retrieved those properties, undistressed as well as released them from attachment and or seizure amounts to a grievous contempt of this Honourable Court of the worst specie.

  • AN ORDER that the acts of thuggery, extreme hooliganism and outright lawlessness of the cited parties in obstructing and in stopping the Sheriffs/bailiffs of the Honourable Court from attaching, seizing and distressing the properties of the Garnishee/Debtor amounts to wilful and contemptuous violation of the subsisting orders of this Honourable Court as well as obstructing and interfering with the course of justice and due administration of justice.

  • AN ORDER denying the Garnishee/Debtor, the cited parties – contemnors – or any other person affiliated or related to them, their counsel further or other audience or an opportunity to seek judicial intervention or palliatives before this Honourable Court – or any other Court of the Federal High Court until they purge themselves of contempt.

Cornel Osigwe
Head Corporate Communications
Innoson Group

 

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FG Calls For Arrest Of Innoson Group Boss, Innocent Chukwuma, Two Others |RN

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Chairman Innoson Group, Chief Innocent Chukwuma

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 Chairman and his staff for failing to turn up to take their plea in the criminal charge.

Yesterday, Chukwuma and his staff were absent.

Prosecuting Counsel Mr. Julius Ajakaiye moved an application urging the court to order the absent defendants’ arrest.

He said the charge was served on them through a court-ordered February 8, 2016 substituted service following the AGF’s take-over of the case.

Ajakaiye said since then, the third and fourth defendants had been coming to court, while the first, second and fifth defendants “have refused, failed and neglected to appear in court till date”.

Consequently, he said the defendants were yet to take their plea and should therefore be compelled to appear.

He added that an April 12, 2016 amended charge could not be served on the absent defendants.

Ajakaiye urged the court to grant his application by ordering their arrest.

But defence counsel Chief George Uwechue (SAN) Prof. C. Mbadugha prayed the court to dismiss the application.

They argued that the court lacked jurisdiction to issue the warrant against the defendants “because they were not properly before the court”.

They said the application offends Order 6 of the Federal High Court Civil Procedure Rules, adding that there was no proper service on their clients.

The prosecution accused the defendants of conspiring to unlawfully falsify shipping clearance documents.

They were accused of “uttering” (presenting) the allegedly falsified shipping documents as collateral to Guaranty Trust Bank Plc to allegedly obtain a loan of N2.4billion.

The Federal Government claimed that the defendants committed the offence at Apapa wharf on October 10, 2013.

The alleged offence is contrary to sections 1(2) (c) and 3(6) of the Miscellaneous Offences Act, Cap M17, Laws of the Federation 2004.

Justice Faji adjourned until July 3 for ruling.

Source: financialwatchngr.com

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MUST READ: I Warned GTBank MD, Agbaje On Being Used To Fight Innoson – Femi Fani-Kayode

by Eyitemi

Innoson take over GTBank, #InnosonTakesOverGTB: Innoson Motors moves to take over GTBank over N8.7bn debt, LATEST NIGERIAN NEWS, POLITICS TODAY, CELEBRITY GISTS | UNCLE SURU

Former minister of aviation and Peoples Democratic Party(PDP) chieftain, Femi Fani Kayode, has reacted to the now trending news that Popular Nigerian car manufacturing company, Innoson, is set to take over GTBank after securing a court order.

Fani Kayode who spoke through his Twitter handle said he had warned the former Managing Director of Gtbank, Segun Agbaje about allowing himself to b used against Innoson Motors.

What he wrote:

Last year I warned my aburo Segun Agbaje, the former MD of GTB, about allowing himself to be used against Innoson Motors by the barbarians. Now the bank has been taken over by Innoson and Segun has lost his job, his reputation and his name and he has been taken to the cleaners

View image on Twitter:
View image on Twitter
The question from this tweet by Femi Fani-Kayode means that someone or group somewehre were using the Managing Director of GTBank, Mr Segun Agbaje to fight against the business interest of Chief Innocent Chukwuma, and one wonders why.
Innoson take over GTBank, #InnosonTakesOverGTB: Innoson Motors moves to take over GTBank over N8.7bn debt, LATEST NIGERIAN NEWS, POLITICS TODAY, CELEBRITY GISTS | UNCLE SURU
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EFCC Vows To Arrest Innoson Chief, Chukwuma |The Republican News

Eniola Akinkuotu, Abuja

 

The Economic and Financial Crimes Commission has vowed to arrest the Chairman, Innoson Motors Nigeria Limited, Innocent Chukwuma, in order to face fraud charges in court.

The EFCC spokesman, Mr Wilson Uwujaren, said this in a statement on Wednesday shortly after Justice Olusola Williams of the Special Offences Court sitting in Ikeja, struck out the case of fraud it instituted against Chukwuma.

The court struck out the case after the anti-graft agency failed to produce Chukwuma in court to face trial.

Chukwuma and his company, Innoson Motors Nigeria Limited, were to be arraigned on four counts of conspiracy to obtain by false pretences, obtaining by false pretences, stealing and forgery.

The defendants allegedly committed the offences between 2009 and July 2011 in Lagos.

The defendants were alleged to have conspired to obtain, by false pretences, containers of motorcycles, spare parts and raw materials, the property of Guaranty Trust Bank, from Mitsui OSK Lines Limited, Apapa, Lagos.

They were also alleged to have fraudulently induced staff of Mitsui OSK and Maersk Line to deliver to them, via their clearing agents, the goods that were imported from China in the name of GTB by pretending that they were authorised by the bank to clear the goods.

The defendants were said to have forged a bill of lading numbered 598286020 of Maersk Line Limited and 11007950841 of Mussui O.S.K. Line by knowingly putting a false GTB stamp and signature of the bank employee.

However, since the suit was instituted, first before Justice Mojisola Dada of the same court, the defendant had refused to appear in court to face his trial.

In a short ruling on Wednesday, Justice Williams held that it was the responsibility of the EFCC to produce him in court.

“This court is not an investigator or a prosecutor. This court cannot waste precious judicial time prosecuting a matter that is going nowhere.

“This is a criminal matter that can be instituted anytime the prosecution is ready.  The court hereby strikes out the matter,” the judge held.  (Punch)

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Court Cases Hampering Our Operations, Says Innoson Motors |The Republican News

By Wale Elegbede

Innoson-boss-Innocent-Chukwuma

The Innoson Vehicle Manufacturing Company (IVM) has said that litigations against the company and its management are hampering its plans to upgrade from manual to automated production.

Addressing newsmen in Lagos, the company’s Head of Corporate Communications, Mr Cornel Osigwe, said the recent suit filed by the Economic and Financial Crimes Commission (EFCC) at a Lagos High Court is distracting its upgrade from 10,000 cars production capacity annually to 60,000.

Osigwe, who explained the reason for the absence of Dr. Innocent Chukwuma, the Chairman of IVM, from the court, said workers of the company are in fear of being harassed.

Justice Mojisola Dada of the Ikeja Special Offences Court had, last week, declared Chukwuma wanted for failing to appear before the court for an arraignment over a four-count charge of conspiracy to obtain property by false pretence, obtaining property by false pretences, stealing and forgery preferred against him by the EFCC.

Osigwe said: “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.

“There has been an advertorial by the EFFC declaring Dr. Innocent Chukwuma, the Chairman of IVM wanted. That publication has maligned his image and reputation as well as put him in a bad light as somebody who is a criminal. This is not so.

“The fact of the matter is that there has been an abuse of court process by the EFCC over a business disagreement between IVM and Guarantee Trust Bank, which started in 2013.

“This same case instituted by the EFCC is still pending at the Federal High Court, Lagos and at the Court of Appeal, Lagos.

“Recently, the same EFCC filed a fresh charge of the same case and allegation at the Lagos High Court. This is clearly an abuse of court process by the EFCC.”

While stating that the IVM chairman is a law-abiding citizen of Nigeria, Osigwe said Innoson is an entrepreneur whose story and growth replicates the die-hard spirit of Nigerians to make things happen regardless of the challenges.  (New Telegraph)

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Ohanaeze Denounces EFCC’s Charges Against Innoson Motors Boss, Chukwuma |RN

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Christopher Isiguzo in Enugu
The apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, on Tuesday in Enugu expressed dismay at the court action instituted against the Chairman of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma by the Economic and Financial Crimes Commission (EFCC).

The organisation said the court action in which Chukwuma is being charged, for obtaining customs documents through fraudulent means was diversionary and intended to persecute the automobile manufacturer.

In a statement by the Special Adviser to the President-General of Ohanaeze Ndigbo, Chief Emeka Attamah, the apex Igbo organisation insisted that the action was yet another attempt at hounding another son of Igboland.

Related: Court Issues Bench Warrant Against Innoson Motors Boss, Chief Chukwuma |RN

“Cognisant of the matter in court and without any pretense to the veracity of the case or otherwise, Ohanaeze Ndigbo views the current travails of Chukwuma as yet another attempt at hounding another son of Igboland who, out of personal enterprise and dint of hard work, has helped in shaping the economic and industrial fortunes of Nigeria.

“Ohanaeze frowns at this recent attempt to obfuscate the clear court victory won by Innoson’s Group in a crucial suit against a leading bank in the country,” Attamah noted.

The organisation said the current twist in the whole affair was a deliberate attempt to put Chukwuma on the defensive in a matter that clearly vindicates him and confers a lot of financial advantage on him and taint his reputation by introducing a criminal angle to an already settled civil proceeding.

Related: The Innoson Affair, The Igbo And The Orphans Of The Corporate World – Fani-Kayode |RN

“Ohanaeze is carefully studying this discriminatory treatment of his adversaries and the law enforcement agents with a view to reviewing the patronage of our people to any economic establishment found to be associated in this new criminal assault of Chukwuma.

“We will no longer be prepared to do business with any organization that denigrates the best of our people,” the organisation stated. (ThisDay)

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Court Issues Bench Warrant Against Innoson Motors Boss, Chief Chukwuma |RN

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                 CEO Innoson Motor Manufacturing IVM, Innocent Chukwuma

An Ikeja Special Offences Court has issued a bench warrant for the arrest of Mr Innocent Chukwuma, alias Innoson, the Chairman of Innoson Motors Nigeria Ltd.

The News Agency of Nigeria reports that Justice Mojisola Dada issued the bench warrant following the failure of the defendant to appear in court for the second time for arraignment on criminal charges filed by the Economic and Financial Crimes Commission.

READ ALSO: Herdsmen To Pay For Grazing Reserves, State, Community Police Will End Killings – VP Osibanjo

“A bench warrant is hereby served on Innocent Chukwuma, he will remain in custody till the next adjourned date.

“The case is adjourned till March 14 for possible arraignment,” Justice Dada said.

Earlier, during the proceedings, a mild drama ensued in the courtroom, with Justice Dada threatening to charge Prof. J. N Mbadugha, the defence counsel for Innoson and Innoson Motors Ltd, for contempt of court.

Charles Chukwuma, a third defendant who was not present in court, had no legal representation.

Related: The Innoson Affair, The Igbo And The Orphans Of The Corporate World – Fani-Kayode |RN

Justice Dada issued the threat against Mbadugha following his alleged disrespectful conduct and outburst against the court in his opening address.

Mbadugha in his address had shouted: “This proceeding is a clear abuse of court processes, the EFCC is a reckless arbiter.

“My Lord has refused to be bound by the rule of law and doesn’t want to be bound by the doctrine of Stare Decisis; my Lord wants to override the decision of the Supreme Court.”

Justice Dada, in response, said: “Your whole comportment, conduct, countenance smacks of disrespect to the court and rule of law, I will report you to the Nigerian Bar Association.

“You are insulting the court, this is clear contempt in the face of the court; you will go to prison from here, if you think the court is defenceless and powerless, you’d be surprised.”

Related: Why We Arrested Innoson Group Boss, Innocent Chukwuma – EFCC |RN

Mbadugha, who initially said he was ready to be charged for contempt, later tendered an apology to the court, saying: “I am sorry My Lord, I hope the court gives me a second opportunity.

“I want to urge the court to temper justice with mercy; to err is human, but to forgive is divine.”

The defence counsel apologised to the court saying he had withdrawn his earlier statements.

NAN

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