Innocent Chukwuma, the Chairman of Innoson Motors has described the warrant for his arrest by a federal high court in Lagos as an abuse of court process.
According to a statement signed by the Innoson boss, the order is a nullity and does not have any ground in law, adding that the court lacked the necessary jurisdiction.
He explained that necessary steps have been taken to appeal the order of Bench Warrant and filed an application to stay the execution of the order.
Chukwuma had been accused of altering clearance documents to a shipping Line, which was used as collateral for the purpose of obtaining a loan of N2.4 billion from GTBank Plc for the purpose of clearing raw materials, PVC for the production of roof ceiling and other imported items. The case is pending before the federal high court, Lagos.
Buy Emma a drink with PAYPAL if you like this post.
Like Our Facebook Page:
0 comments:
Post a Comment
Use The Box Below to Drop your Comment and Don't Spam