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Innoson Vehicles Sues Imo State Government over N2.5B Debt

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Innoson Vehicles Sues Imo State Government over N2.5B Debt

Innoson Vehicles Sues Imo State Government over N2.5B Debt

Innoson Vehicles Sues Imo State Government over N2.5B Debt

Nigeria’s indigenous vehicle manufacturing company, Innoson Vehicles Manufacturing (IVM) has filed an over N2.5B lawsuit against the Imo State Government under the headship of Senator Hope Uzodinma over its failure to pay or service the debt of N2,547,666,435.00 (Two Billion, Five Hundred and Forty-Seven Million, Six Hundred and Sixty-Six Thousand, Four Hundred and Thirty-Five Naira) being the purchase price of the various IVM Vehicles including their parts which IVM manufactured, sold and delivered to the State Government but Imo State Governor or its government has refused and failed to pay same despite repeated demands and appeals.

The lawsuit which was filed by Prof Joseph N Mbadugha, SAN, FCPA of McCarthy Mbadugha & Co, the counsel to Innoson Vehicles coming against repeated attempts made by the Chairman of Innoson Vehicles Manufacturing, Chief Dr. Innocent Chukwuma OFR, to the Governor urging him to pay the company on the vehicles sold, and delivered to the State Government.

 

 

 

 

 

 

 

 

For the avoidance of doubt, sometimes in April 2021, His Excellency, the Executive Governor of Imo State, Senator Hope Uzodinma invited the Chairman/CEO of Innoson Vehicles, Chief Dr. Innocent Chukwuma to the Imo State Government House, Owerri where they discussed and agreed that Innoson Vehicles would sell and supply various specifications of its brand of Vehicles to the State Government which includes, inter alia;

1. 70 units of Innoson 5 Seater double cabin pick-up (IVM Carrier) 4WD

2. 10 units of Innoson 5- Seater double cabin military pick up (IVM G12)

3. 10 units of Innoson 5 seater single cabin military pick-up (IVM G12)

 

 

 

 

 

 

 

4. 100 units of a complete siren with public addressing system, revolving light, and street police light;

5. 2 Units of IVM Ambulance Vehicles

6. 20 Units of IVM G12 MS11

 

 

 

 

 

 

7. 20 sets of B. Canopy

The above vehicles which were valued at over N2.5B ($6.3M) were supplied in good faith to the Imo State Government based on an understanding with the Governor which arose after a special request that Innoson Vehicles grant the State the favor of paying for the vehicles after deliveries to them and which request was granted and honored.

The special and privilege request granted to the Governor turned into a nightmare for Innoson Vehicles and Its Chairman after Chief Chukwuma had at various times through several visits, phone calls, messages, and submission of letters requesting payment appealed to the Governor and his conscience to make total payments or set up a payment plan that will offset the debt.

 

 

 

 

 

 

The inability of the State Government to pay the aforesaid purchase price of the vehicles supplied has resulted in Innoson Vehicles having difficulties in fulfilling its loan repayment obligations to Keystone Bank Limited and Bank of Industry. These Banks granted their credit facilities at the rate of 10% interest and other fees therein. More so, it has led to the loss of profit arising therefrom and the accruing interest.

It is also interesting to note that as of July 27th, 2022, the over N2.5B worth of vehicles supplied to Imo State Government in April 2021 under the leadership of Hope Uzodinma with a dollar value of $6.3M is now worth $3.8M. Even if the money is paid today, the value of the money has depreciated by over 40%.

 

 

 

 

 

 

 

 

It is therefore based on this premise that Innoson Vehicle Manufacturing Company Ltd has begun the process of recovering its debts against the Imo State Government by slamming a lawsuit of over N2.5B with an interest rate of 10% on the entirety of the sum claimed at the High Court of Anambra State, Nnewi Division.

Cornel Osigwe
Head Corporate Communications and Affairs
IVM Innoson Group.

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FG Deploys 10,000 Booklets To New P/Harcourt Passport Production Centre

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Passport Production

FG Deploys 10,000 Booklets To New P/Harcourt Passport Production Centre

Passport Production

 

There is no shortage of booklets again for the production of passport in Nigeria, the Federal Government has revealed.

This was made known by the Minister of Interior, Ogbeni Rauf Aregbesola, at the commissioning of the Enhanced Passport Production Centre in Port Harcourt, the Rivers State Capital on Tuesday, 9 August, 2022. The newly commissioned passport centre will now be responsible for the production of passport demands from Rivers, Cross Rivers, Akwa Ibom and Bayelsa States.

 

 

 

 

“We have left no stone unturned in our quest to make passports available to Nigerians. Last year alone, we provided 1.3 million passports to Nigerians. As of today, there is no booklets shortage in Nigeria.

“As at the second quarter of this year (in June), the NIS have provided 645,000 passports out of the 750,000 applications received. To address the challenge of the backlog, we have sent 11,000 booklets to Ikoyi, 11,000 to Alausa and 8,000 to FESTAC centres in Lagos.

 

 

 

 

 

 

 

“We have also sent sufficient booklets to all the centres nationwide to address this challenge. There is therefore no excuse again for delay and non-issuance within a reasonable period,” Minister told the cheering public.

The Minister also urged the listening public to make sure they apply by themselves online to avoid being shortchanged by unscrupulous elements.

 

 

 

 

 

 

 

 

 

 

“I will urge applicants for the Nigerian passport to apply early enough before their travel date to avoid cutting corners and falling into the hands of scammers and other opportunists. It is important also that they apply by themselves at the Nigeria Immigration Service portal and not through touts and unscrupulous officials, which often bring heartaches.

“We have provided a window of six weeks and three weeks for fresh application and renewal respectively, after biometric data capture, by which time, other things being equal, the passport will be ready for collection. This timeline is to enable NIS investigate and validate the claims of applicants and confer integrity on the passport issued. It is a reasonable provision in passport administration by global standard. There is no wait-and-get passport service anywhere in the world. The only wait-and-get passport is passport-sized photograph from Polaroid camera,” the Minister stated.

 

 

 

 

 

 

 

 

 

 

The Minister further stated that the Passport Production Centre launched today will serve applicants from Rivers, Cross Rivers, Akwa Ibom and Bayelsa States, but was quick to add that it doesn’t confer any advantage or disadvantage on any of the centres, noting that a deployment of 10,000 booklets has been deployed to serve the fours states with immediate effect. He also stated that there are currently no backlogs in any of the four states.

“The production centre we are launching today will serve Rivers, Cross Rivers, Akwa Ibom and Bayelsa States for production purpose only. It doesn’t confer any advantage or disadvantage on the applicants in any of the four states. It’s simply a production centre.

 

 

 

 

 

 

 

 

 

 

“We have also delivered 10,000 passports to this centre. This is in addition to the fact that there are no backlogs to be cleared. In some advanced countries we often like to cite, it takes months to procure their passports. But in addition to the standardized timeline, we have also introduced tracking mechanism in the application process, to enable applicants monitor the progress of their application.

“We are also introducing data capture centres all over the country before the end of this year, to eliminate physical contacts with NIS officials. We shall continue to introduce necessary and available innovations to passport administration in order to best serve applicants in our quest for establishing citizenship integrity,” the Minister stated.

 

 

 

 

 

 

 

 

While speaking, Governor Nyesom Wike, who was represented by his Deputy, Dr. Ipalibo Gogo Banigo, promised to continue to support the Nigeria Immigration Service in the state, as it was the policy of his administration.

“We would continue to support the Nigeria Immigration Service, just as we provided the building now housing the production centre.

 

 

 

 

 

 

 

 

 

 

 

“Just as we provide support to all security agencies in the state and in particular, the agencies under the ministry of Interior, we would continue to prioritize the welfare of the citizens of the state,” Gov. Wike stated.

During his opening address, Acting Comptroller General of the Nigerian Immigration Service, Idris Isah Jere, revealed that the service will no longer condone any act of indiscipline by officer, noting that they must be professional in carrying out their assigned duties.

 

 

 

 

 

 

 

 

 

 

Also at the event were: the General Officer Commanding, 6 Division, Nigerian Army, represented by Brig. General EC Echebuwe; Commander, 115 Special Operations Group, Group Captain AA Opaleye; Commissioner of Police, Rivers State Command, Mr. Friday, Eboka; Controller of Customs, Rivers State Command, Dappa Williams; Rivers State Director, Department of State Services, Mr. Mohammed Shittu; Sector Commander, Federal Road Safety Corps, Umar Salisu Galadunchi; Rivers State Commander, National Drug Law Enforcement Agency, Mark Balm; amongst other dignitaries.

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Gov. Akeredolu Confirms The Arrest of Owo Church Attackers

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Owo church attack

Gov. Akeredolu Confirms The Arrest of Owo Church Attackers

Gov. Akeredolu

 

Ondo state governor, Governor Akeredolu has confirm that the terrorists responsible for the owo attack has been arrested. He took to his twitter page to affirm what the defense minister said in the early hours of Tuesday about the arrest.

 

On his twitter page he said: “I am happy to announce that we have confirmed the arrest of the attackers of St Francis Catholic Church, Owo. The Chief of Defence Staff, Gen. Lucky Irabor has also announced it. We have known for a while but we needed not to come out with it because more works are still ongoing.

 

 

 

 

 

Five of the attackers have been arrested, including the owner of the house in Owo where the attackers stayed before the June 5 attack, while the security operatives are still on the trail of some of them.

 

We did not spare a moment in trailing the terrorists since the horrendous attacks on innocent worshippers. We will continue to give the necessary supports to our security agencies towards protecting the lives and property in the State.”
Recall that on June 5, some group of terrorists attacked a church in owo leading to loss of lives.

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Air Peace announce suspension of flight To South Africa Over cost of Aviation Fuel

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Air Peace

Air Peace announce suspension of flight To South Africa Over cost of Aviation Fuel

Air Peace

Air Peace has announced the suspension of flight services to Johannesburg, South Africa, effective from 22nd August 2022.

The Airline, in a statement, cited the increasing cost of aviation fuel, worsening forex scarcity and the delay in the issuance of visas to intending passengers.

 

 

 

 

 

It also urged passengers whose flights are affected to reschedule before 22nd August, 9th October or request a refund.

Air Peace also expressed optimism that the issues which had caused the suspension would be addressed before October.

 

 

 

 

 

 

The statement read: “We hereby inform the flying public that effective from August 22, 2022, our Johannesburg flight operations will be suspended till October 8, 2022.

“This development is regretted but has become inevitable due to the delayed issuance of South African visas to travellers, worsening forex crunch and the increasing cost of aviation fuel as well as its scarcity.

 

 

 

 

 

 

“However, having informed the South African High Commission in Lagos of the effects of the difficulty in getting SA visas by Nigerians, which consequence is the abysmally low passenger loads on our flights to and from Johannesburg, we believe that the situation will have improved within the next 60 days. Hence, our willingness to resume operations on the October 8, 2022.

“Passengers whose flights are affected have the option of rescheduling to fly before August 22, 2022 or from October 9, 2022. Passengers can also request a refund.

 

 

 

 

 

 

 

“We apologise for the inconveniences caused and will keep the public updated while we hope the situation improves.”

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