Connect with us


Police drag Innoson to court over N2.4bn alleged shipping fraud



Police drag Innoson to court over N2.4bn alleged shipping fraud

Local car maker, Innoson Nigeria Limited, has been dragged before a Federal High Court, Lagos over alleged shipping fraud worth N2.4billion.

Aside Innoson, five others were charged before Justice Saliu Saidu. They include Innocent Chukwuma, Charles Chukwu, Maximian Chukwura, Mitsui Osk Lines and Anajekwu Sunny.

According to the charges, the accused persons altered shipping documents after presenting such as collateral to a first generation bank, Guaranty Trust Bank.

Read also: Recession bites harder as Dangote sacks 48

According to court papers, the offence committed in 2013, is contrary to sections 1(2) (c) and 3(6) of the Miscellaneous Offences Act, Cap M17, Laws of the Federation 2004.

According to the police, the court papers have been served on on Innoson and other defendants.

The presiding judge, Justice saidu adjourned the matter till November 25 for continuation after the defence counsels moved for it.

By Timothy Enietan-Matthews

RipplesNigeria …without borders, without fears

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now