Chairman of Innoson Motors, Mr Innocent Chukwuma, has said that the issuance of bench warrant against him by the Federal High Court Ikoyi Lagos, on Monday, is an abuse of process taken too far by the court and made without jurisdiction. The charge was based on suspected or trumped-up action of Innoson Nigeria Ltd and Innoson Nigeria Ltd was a party originally to the charge but was discharged by the Court of Appeal. More importantly, the charge is also an abuse because of an earlier similar suit in relation to the charge pending at different Federal High Courts. Consequently, Chukwuma said in the release that: “I, therefore, advice the bank for the benefit of its shareholders to quickly comply with the Supreme Court judgment and pay the over N9 billion judgment debt. Failure to do so within the short period of grace that Innoson Nigeria Ltd granted to the bank will lead to the final execution of the Writ of Fifa against Guaranty Trust Bank.”

Source: Nigerian Tribune June 24, 2019 20:26 UTC