Innoson Motors CEO, 5 ors to be prosecuted for fraud

A Federal High Court sitting in Lagos has authorized the Attorney General of Federation [AGF] to commence prosecution of Mr. Innocent Chukwuma.

Mr. Chukwuma is the Managing Director of Innoson Motors Nigeria Limited.

His company Innoson Nigeria Limited and four others are to be arraigned for alleged forgery offences.

Mr. Chukwuma with his company, Innoson Nigeria Limited and Charles Chukwu, Maximian Chukwura, Mitsui Osk Lines and Annajekwu Sunny, in the four-count amended criminal charge number FHC /L/565/C/2015 filed before the court by Director of Public Prosecutions of the Federation, Federal Ministry of Justice Mohammed Saidu Diri, are accused as follows:

That between January, 2010 and April 2011, at Apapa Wharf, criminally conspired amongst themselves to wit, falsification of shipping documents which they deposited with Mitsui Osk Lines Lagos which was used as collateral for the purpose of clearing raw materials Polyvinylchloride for the production of roof ceiling and other imported items.

Mr Diri alleged further that all the accused persons same time and place did without lawful authority and with intent to defraud, altered the shipping clearance documents to the shipping Line Mitsui Osk Lines which was used as collateral for the purpose of obtaining a loan of N2.4 billion from Guaranty Trust bank Plc.

The accused persons were also alleged to have falsely and fraudulently represented as genuine, the uttered shipping documents and presented same to Guaranty Trust bank Plc to obtain a loan of N2.4 billion.

The matter is primarily based on an application filed before the court by Federal Ministry of Justice that the Attorney General of the Federation has taken over the prosecution of the accused persons.

However, the prosecutor from the office of the Inspector General of Police objected.

After listening to the submission of the counsel of the two parties, the presiding judge, Saliu Saidu decided the Attorney General of the Federation should go ahead with the prosecution of the accused persons

Consequently the Attorney General filed a four-count amended criminal charge against the accused persons.

All the offences alleged to have been committed by the accused persons are contrary to and punishable under sections 3(6),1(2)(C) of the miscellaneous offences Act Cap. M 17 Laws of the Federation, 2004.

The case was adjourned till 31st of May, 2016,

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