Court Declares Innoson Motors Boss, Innocent Chukwuma Wanted

Justice Mojisola Dada of the special offences court sitting in Lagos, on Thursday declared the Chairman of Innoson Motors Nigeria Ltd, Innocent Chukwuma wanted over his failure to make an appearance in court for his arraignment for the fifth time.
Chukwuma, alias Innoson is standing trial in a matter between his company and the Economic and Financial Crimes Commission.
Justice Dada had declared the automobile boss wanted, granting the request of Anselem Ozioko, the lead prosecuting counsel of the EFCC.
The News Agency of Nigeria reports that Innoson had previously failed to make an appearance in court for his arraignment on January 17, February 9, March 14 and April 25.
His failure to appear before the court for five consecutive times informed the issuance of the bench warrant.
During the proceedings of March 14, it was revealed that Innoson had petitioned the National Judicial Council over Justice Mojisola Dada, the judge trying the case.
Ozioko in his submission seeking the declaration of Innoson wanted said: “This appears to be the fifth time this matter is coming up before your Lordship for arraignment.
“The learned Senior Advocate of Nigeria representing the second defendant (Innoson) is still insisting on taking his application without ensuring the defendant is physically present in court.
“The question is, where is the second defendant? Is he too big for the court? Is he too big for the Federal Republic of Nigeria? Is he too big because he has money? Where is he?
“What my learned friends, the defence counsel are doing is contemptuous.
“We shall be applying for an order to declare the second defendant wanted.”
Acceding to Ozioko’s request, Justice Dada said, “The second defendant is hereby declared wanted and the case adjourned until June 22 for possible arraignment.”
Earlier, during the proceedings, Ozioko had informed the court that the anti-graft agency will also be taking some steps to ensure Innoson’s attendance in court on the next adjourned date.
Counsel to Innoson, George Uwechue (SAN) had requested that the court hear his application despite Justice Dada’s declaration that no application will be heard until Innoson is physically present in court.
“At the last hearing, the court maintained its position that it will not take its pending application unless the first defendant is arraigned.
“We were about to cite our position regarding the court’s declaration but we were interrupted by the prosecuting counsel and that interruption led to today’s proceedings.
“Whatever we did that day, we sincerely apologize; we urge this court to allow us to continue our presentation.’’
Prof. J. N Mbadugha, counsel to Innoson Motors Nigeria Ltd, in his submission told the court that he had an application challenging the jurisdiction of the court.
Mbadugha informed the court that he had made an appeal at the Court of Appeal over the case.
Justice Dada, however, maintained her position that the applications of the defence will not be heard until Innoson is physically present in court.
NAN reports that Chukwuma and his company, Innoson Motors Nigeria Ltd., are to be arraigned on a four-count charge of conspiracy to obtain property by false pretences, obtaining property by false pretences, stealing and forgery.
According to the charge sheet, the defendants committed the offences between 2009 and July 2011 in Lagos.
The EFCC alleged that the defendants with intent to defraud; conspired to obtain by false pretences containers of motorcycle, spare parts and raw materials, a property of Guaranty Trust Bank (GTB) from Mitsui OSK Lines Ltd, Apapa, Lagos.
They are alleged to have fraudulently induced staff of Mitsui OSK and Maersk Line to deliver to them via their clearing agents the goods which were imported from China in the name of GTB by falsely pretending that they were authorised by the bank to clear the goods.
The prosecution claimed that the defendants in order to facilitate the fraud forged a bill of lading numbered 598286020 of Maersk Line Limited and 11007950841 of Mutsui O.S.K Lines by knowingly putting a false GTB stamp and signature of the bank staff.
The alleged forgery was in order that the forged documents be used or acted upon as genuine to the prejudice of any person within Lagos or elsewhere.
The offences contravened Sections 1(1)(b), 1(3), and 8(a) of the Advanced Fee Fraud and Other Related Offences Act 2016 and Sections 309(9), 388, 465 and 467(1)(j) of the Criminal Code, Laws of Lagos State 2003.
Source: NAN.




There was a free-for-all fighting amongst the lawmakers in the Gombe State House of Assembly, when moves were made to remove the Minority Leader, Ahmed Usman Haruna, representing Gombe North State Constituency, leading to the disappearance the mace, which is the Assembly’s symbol of authority.


Economy: Facts Are Stubborn Things, By Femi Adesina
Some people have made it a pastime to talk as if there is no silver lining in the sky as far as the Nigerian economy is concerned. They carry on as if it is doom and gloom all the way, a thoroughfare of woes. This they do, to hoodwink the public, and peradventure gain political advantage for themselves, or their principals.
But facts are stubborn things. Those arrayed against facts may abhor and deride them, but there they are, staring them starkly in the face. Here are some current facts about the Nigerian economy, which naysayers may not be able to do anything about:
According to the National Bureau of Statistics (NBS), the economy has recovered from the slow-down and eventual recession, which started in 2014. There has been improvement with stronger growth for three successive quarters. From contracting by 0.91% in Q1 2017, the economy has grown by 0.72% in Q2 2017, to 1.17% in Q3 2017, and 2.11% in Q4 2017.
The Q1 2018 GDP shows that the economy has recorded a GDP growth of 1.95%, compared to a contraction of 0.91% in Q1 2017.
The growth is driven by Agriculture and Industry, which shows that finally, after more than 50 years of lip service, the Nigerian economy is on the road to diversification. The oil sector’s contribution to GDP is 9.61%, while non-oil sector’s share is 90.39%.
One of the factors responsible for the positive performance of the economy in Q1 2018 was the spending of about N1.5 trillion on infrastructure projects in 2017.
For the past 15 months, inflation has declined consistently from 18.72% to 12.48%. The country is steadily on the road to single digit inflation rate.
The first quarter of 2018 saw a continuous growth in total capital importation into the country, the fourth consecutive quarterly increase since Q2 2017. The total value of capital imported is $6,303.63 million, a 17.11% growth over the figure reported in the previous quarter.
Foreign reserves stand at $47.79 billion, compared to $29.6 billion inherited in May 2015, after about six years boom in oil prices in the international market. The increase came at a time of modest oil prices, showing transparency and accountability by government.
Nigeria’s Stock Market ended 2017 as one of the best-performing in the world, with returns of about 40 percent.
Tax revenue increased to N1.17 trillion, in Q1 2018, a 51% increase on the Q1 2017 figure.
Milled rice production has increased from 2.5MT to 4MT, and rice imports have dropped from 580,000MT in 2015 to 58,000MT in 2016. Millions of dollars have been saved.
These are just little among the good things happening to the Nigerian economy. Only the wilfully blind will not see it, but it does not stop the good work, which continues.
On exiting recession last year, President Muhammadu Buhari had said he would not consider the job done, until the ordinary man feels the impact of the rebounding economy on his life and pocket. We are inexorably on that road, no matter what scoffers may say.