Chairman of Innoson Group‎ of Companies, Chief Innocent Chukwuma has flayed his arrest by the operatives of the Economic and Financial Crimes Commission, EFCC, alleging intimidation by some banks

Operatives of the Economic and Financial Crimes Commission, EFCC, have, Tuesday, December 19, allegedly arrested the founder and chairman of Nigeria’s automobile company, Innoson Motors, Innocent Chukwuma.

IN this era of Nigeria’s economic downtown following dwindling oil revenues, one area that has the potentials to sustain the economy is the automobile industry. Some years ago, a Nigerian company INNOSON ventured into this area that many thought was impossible, or only reserved for the ‘white people’. Indeed the gallant move by the first indigenous automobile manufacturer INNOSON has been described as revolutionary, as it re-focused the government’s attention to compel its ministries, departments and agencies to patronise mainly vehicles manufactured locally.

Nigerian motor manufacturing company, Innoson Motors, is set to export made-in-Nigerian cars to Mali. The Charge‘d Affair of Nigera in Mali, Yara Abdulsalam, says an indigenous motor manufacturing company, , has signed an MoU with a Malian firm to export 400 locally made vehicles to Mali.

The Minister of Information and Culture, Alh. Lai Mohammed during a factory tour of the Innosson Motos manufacturing plant in Nnewi.

UNLIKE some loquacious set of people who ventilate negative feelings against President Muhammadu Buhari’s administration in the media, Chief Innocent Chukwuma, Chairman/ CEO of INNOSON Group has a strong belief that this administration is well –intentioned and poised to change things for the better. As one of Nigeria’s leading industrialists, and pioneer auto mobile manufacturer his businesses are bound to thrive within the framework of the federal government’s diversification and industrialisation policy.

The quest to have a wholly made in Nigeria car with all fabrication including the engines done in-country is possible within the next five years if the challenges faced by Innoson Motors are addressed by the Federal Government.

The Nigerian Air Force, yesterday, signed a Memorandum of Understanding, MoU with Innoson Vehicle Manufacturing Company, IVM, Nnewi, Anambra state for research and production of spare parts for its fighter jets.

The Innoson Kiara Academy, an affiliate of Innoson Group is to train 200 beneficiaries of the Amnesty programme on automobile and plastic manufacturing.

ALL over the world countries are usually identified or associated with brand names of the products they manufacture. This practice has been long established in most industrialised countries, and many examples abound.