So
much is being said of the arrest of Innoson Boss, Innocent Chukwuma,
yet there has been very little or no solid information on the matter. As
a result, a lot of what is being spread in the news and on social
media, are more false than fiction. Here, for example, are 4 myths about
the Innoson saga.
1 700 Million Naira Excess Charges.
Many
on social media and elsewhere have been quick to spread the story that
GTB stole 700 million from Innoson. Research shows this to be wholly
false. In fact, nowhere is the sum of 700 million Naira even mentioned
in the Innoson case. What is actually the case is that after being found
culpable of forgery and other fraudulent crimes by the police, Innoson
approached the Bank and pleaded for debt forgiveness. The bank, out of
goodwill, accepted his plea and agreed to forego the sum of
N559,374,072.09 which represented default charges that has accrued on
the account. Innoson also promised to pay back, within 30 days, the sum
of N1,095,107,822.95 as full and final payment of his indebtedness to
the Bank. Instead of honoring this agreement, Innoson filed a new case
at the Federal High Court, Awka claiming that the bank had debited his
account with N559,374,072.09, the exact sum that the bag had forgiven
him in default charges. He has continued ever since, to claim falsely
that the bank owes him.
2 Tribe is Involved
Many
are also spreading rumours that the case against Innoson is
tribalistic. This is a dangerously false narrative. The case against
Innoson has nothing to do with where he comes from; it is simply a case
of a debtor, in this case, Innoson, trying to avoid repaying the money
he borrowed and trying to evade the case of forgery against him (See
Story Here). It’s begs common sense to assume that a bank, in this case
GTB, which was not be accused of tribalism when it gave Innoson the
loan, would now be accused of such now that it is trying to recover
funds. These funds, by the way, are owned by customers, many of who
undoubtedly are of the same tribe as Innoson.
If
GTBank is tribal how come they and not Fidelity or Diamond Bank gave
innoson money when he needed help. If they played the tribal card, they
probably wont be facing all this mess.
The Saga is Political
Some
have tried to link the Innoson Saga to politics, but the fact of the
matter is that it is entirely about business and breach of trust. It is
important to note that the case between GTB and Innoson began more than
seven years ago, that is, before the ruling APC was even formed as a
political party.
To
give a little background on the matter, GTB loaned Innoson N2.4bn in
2009 to import spare parts for his company. Under the loan terms, GTBank
was the exclusive owner of the Imported Goods. The condition in the
agreement between the Bank and Innoson, for the release of the Imported
Goods by the Bank to Innoson, was the payment of 25% of the value of
each Letter of Credit transaction by Innoson. Later, Innoson approached
the Bank requesting the release of the shipping documents without
payment of the agreed 25%. The Bank declined his request as a result of
Innoson’s failure to meet the agreed conditions. Innoson then
fraudulently cleared all the imported Goods by forging the signatures of
4 (four) staff of the Bank as well as the Bank’s stamp on all the
shipping documents. The Bank reported the matter to the Nigeria Police,
and the police confirmed that Innoson deliberately set out to defraud,
steal from the Bank. And this brings us to the fourth myth of the saga,
which is that the case is a civil matter.
It is Civil Case
Another
claim out there is that the Innoson case is a civil matter which
neither the EFCC nor the Police should get involved. Again, this is
false. The Innoson saga is a criminal matter because he has been found
culpable by the police of deliberately setting out to defraud, steal
from the Bank and convert the Imported Goods belonging to the Bank by
deceptive means and through forgery and misrepresentation. On October
12, 2017, the Police through its Charge No. FHC/L/565C/2015- filed an
application for the issuance of bench warrant against Innocent Chukwuma;
Charles Chukwuma and Annajekwu Sunny for fraudulent clearance of goods,
forgery, conversion, stealing and conspiracy presently pending before
Faji J, at the Federal High Court, Ikoyi and adjourned to Decemeber 8,
2017 for arraignment/or hearing of motion.
To
further stall the criminal proceedings against him and the Bank’s bid
to recover its funds, Innoson has been trying to distract the Bank from
focusing on the criminal action, as well as civil actions filed for
recovery of the debt. This includes propagating false and inciteful
stories against the bank through frivolous and outrageous claims.
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