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Innoson Motors Sues Imo State Govt Over Debt Servicing

Innoson Motors Sues Imo State Govt Over Debt Servicing

Innoson Motors Sues Imo State Govt Over Debt Servicing

Innoson Motors Sues Imo State Govt Over Debt Servicing

A locally owned automobile manufacturer in Nigeria, Innoson Vehicles Manufacturing has launched a lawsuit against the Imo State Government. For more than N2.5 billion because it has not paid or serviced the debt of N2.547 billion.

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Cornel Osigwe, the company’s head of corporate communications and affairs, revealed this in a statement.

IVM is “manufactured, sold, and delivered to the state government, but the Imo State Governor, Hope Uzodimma, or his government has refused and failed to pay same despite repeated demands and appeals,” according to Osigwe. The debt relates to the purchase price of the various IVM vehicles, including their parts.

Innoson Motors Sues Imo State Govt Over Debt Servicing

“The lawsuit which was filed by Prof Joseph Mbadugha, SAN, of McCarthy Mbadugha & Co, the counsel for Innoson Vehicles is coming against repeated attempts made by the Chairman of Innoson Vehicles Manufacturing, Chief Dr. Innocent Chukwuma OFR, to the Governor urging him to pay the company on the vehicles sold, and delivered to the State Government.

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“For the avoidance of doubt, sometimes in April 2021, His Excellency, the Executive Governor of Imo State, Senator Hope Uzodinma invited the Chairman/CEO of Innoson Vehicles, Chief Dr. Innocent Chukwuma to the Imo State Government House, Owerri where they discussed and agreed that Innoson Vehicles would sell and supply various specifications of its brand of Vehicles to the State Government which includes, inter alia;


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