Chief Innocent Chukwuma, Chairman of Innoson Group of Companies is in hot soup. He was arrested recently by operatives of Economic and Financial Crimes Commission (EFCC) over an alleged criminal act reported to the commission by Guaranty Trust Bank Plc. against the businessman.

Sources at GTBank revealed that Innoson Group is owing the bank about N2billion and the loan facility was secured in lien over shipping documents covering imported goods finance by GTBank and other collaterals.

Our sources added that GTBank discovered that Innoson had cleared several consignments of imported goods financed by GTBank without endorsed original shipping documents in GTBank custody.

We were told that based on this discovery of criminal act by Innoson Group of Companies, the bank sent a petition to the EFCC and Chief Innocent Chukwuma was arrested and interrogated by EFCC operatives. We gathered the Nnewi born businessman agreed to make monthly payments into Innosons account with GTBank until the full liquidation of the debt but he defaulted.

Our sources added that in order to stop criminal proceedings against him, Chief Innocent Chukwuma instituted several lawsuits at Federal High Court, Abuja and Awka against the Inspector General of Police, the Nigeria Police Force restraining them from commencing criminal proceedings against Innoson Group of Companies and himself.

We were told the bank responded by securing Mareva orders against the company freezing its accounts in all banks in Nigeria