Business

Reps wade into Innoson’s auctioned parts

By Olayemi Fofah

The House of  representatives committee on industry has recently expressed concern over the controversial seizure and auctioning of 25 containers bearing CKD{Completely Knocked Down} parts belonging to an industrialist, Chief, Dr. Innocent Chukwuma.

The committee which were on a working visit to Innoson Plastic Plant at Emene, Enugu state were shocked when the Chairman of the company ,Dr Chukwuma explained how the customs impounded the components imported for the assembly of motorcycles by his company, which were later sold to unknown buyers without compensation to his company.

The committee which comprised ten lawmakers has promised to wade into the matter as they were amazed by the actions of customs services. “My main problem now is how to settle the banks that have financed the importation. My ordeal started in 2004 when the 25 containers valued then at N800 million were imported, but impounded and later sold by the customs service officials.

“I have gone to court to seek redress, judgment was delivered in my favor, but the customs only paid 30 per cent of the whole sum and refused to pay the balance. I have tried within my capacity to pay some part of the money to the banks that financed the business yet they are still threatening and harassing me with Economic and Financial Crimes Commission {EFCC} officials” he explained.