Innoson boss, Chukwuma, rejects his release by EFCC

More than 24 hours after the Economic and Financial Crimes Commission (EFCC) stormed the residence of the chief executive officer and founder of Innoson Vehicles Manufacturing (IVM) Group, Mr. Innocent Chukwuma, and arrested him over a commercial dispute between him and his bank – Guaranty Trust Bank Plc (GTBank) – the commission Wednesday released him on bail.

But the businessman has rejected his release by the commission on the grounds that he had not been informed by the commission the reason for his arrest.

In a twitter post Wednesday night, IVM said:
    “Innoson has refused his release because he is demanding to know the reason for his arrest.”

This was just as his arrest on Tuesday morning was roundly condemned by the Senate, the Ohanaeze youth wing, Igbo elders and others from the South-east, with the lawmakers querying the role of the anti-graft agency in a commercial dispute between the firm and its banker, which they said was already before the Supreme Court.

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