Innocent Chukwuma, chief
executive officer (CEO) of Innoson Group, has reportedly rejected his release
from the custody of the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency had earlier
announced his release on the condition of bail.
But Chukwuma’s company said the
billionaire businessman rejected the bail on the grounds that he had not been
made to know the reason for his arrest.
Innoson Group tweeted that
its CEO asked the agency to explain why he was arrested.
“Innoson has refused his release
because he is demanding to know the reason for his arrest,” it wrote.
While announcing his bail earlier, the EFCC had alleged that Chukwuma and his brother committed fraud and forgery.Breaking News— Innoson Vehicles (@innosonmotors) December 20, 2017
Innoson has refused his release because he is demanding to know the reason for his arrest.
“Chief Chukwuma and his brother,
Charles Chukwuma (who is still at large), are being investigated by the
Insurance and Capital Market Fraud Section of the Commission’s office in Lagos
over matters bordering on N1, 478, 366, 859.66 fraud and forgery,” the
commission had said in a statement.
“The industrialist, among other
infractions, allegedly used forged documents to secure tax waivers.”
Chukwuma is yet to react to the
allegations made by the EFCC.
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