Lagos court orders arrest innoson motors boss #

It appears that there has been a recent development in the case involving Innoson Motors and its CEO, Innocent Chukwuma. According to reports, a court in Lagos has ordered the arrest of Innocent Chukwuma, the CEO of Innoson Motors, over a debt dispute with Guaranty Trust Bank (GTBank).

Here's a summary of the situation:

• Innoson Motors, a Nigerian automaker, had a contract with GTBank to supply vehicles to the bank.
• However, Innoson Motors allegedly failed to deliver the vehicles, leading to a dispute over the debt.
• GTBank subsequently filed a lawsuit against Innoson Motors, seeking to recover the debt.
• The court ruled in favor of GTBank, ordering Innoson Motors to pay the debt.
• Innoson Motors has been refusing to pay the debt, leading to the court's decision to issue a warrant for the arrest of Innocent Chukwuma, the CEO of Innoson Motors.

It's worth noting that Innoson Motors has denied any wrongdoing and has accused GTBank of trying to intimidate and harass them. The company has also threatened to take legal action against GTBank over the matter.

This development highlights the ongoing tensions between Innoson Motors and GTBank, and the potential consequences for the CEO of Innoson Motors if he fails to comply with the court's order.