• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Innoson Motors Debt Claims, Cheap Blackmail – Imo Govt

by Emmanuel Mgheahurike
3 years ago
in News
Imo
Share on WhatsAppShare on FacebookShare on XTelegram

RELATED

Police Deny Purported Killing Of Officers

Enugu Police Rescue 6 Stolen Children In Multiple Operations

1 hour ago
Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums

Hit-and-Run Driver Kills Police Officer In Gombe

1 hour ago

The Imo state government has described as distasteful and cheap blackmail the claim by Innoson motors that it is owing the company N2.5 billion being cost of the vehicles it supplied to it some months ago, insisting that the company’s claim are half truths, intended to impugn on the integrity of the state government for ulterior motives.

 

Advertisement

Reacting to a threat by the company that it is filling a lawsuit to recover “over N2.5 billion debt owed” it by the state government, the commissioner for information and strategy, Hon. Declan Emelumba decried the manner the company is going about the recovery of the so called debt.

 

The commissioner said the truth is that the government bought vehicles worth over N5 billion from Innoson motors and has so far paid them N3.5 billion.
According to him, contrary to the claim of Innoson motors, the said N2.5 billion is actually the balance due from the original value of the purchase.
He regretted that Innoson motors, for reasons best known to them, decided to hide this fact from the public.
Emelumba insisted that the total value of the vehicles supplied was in excess of N5 billion and that the government has been servicing the debt since then.
He said the management of Innoson motors was actually the one that breached the contractual agreement with the state government regarding the sale and maintenance of the vehicles.
According to him, there is a clause in the purchase agreement stipulating the siting of a maintenance workshop in owerri and a mobile workshop as well , by Innoson Motors, for the maintenance of the vehicles.
He noted that inspite of the fact that the company breached this agreement, the state government has been servicing the debt and still maintaining the vehicles, disclosing that more than 70 per cent of the vehicles have already broken down.
He said both the threat by the company and resort to media trial of the government were in bad faith.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Group Canvasses Support For Action Alliance Presidential Candidate

Next Post

Umahi Emerges Ebonyi South APC Senatorial Candidate

Emmanuel Mgheahurike

Emmanuel Mgheahurike

You May Like

Police Deny Purported Killing Of Officers
News

Enugu Police Rescue 6 Stolen Children In Multiple Operations

2025/07/18
Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums
News

Hit-and-Run Driver Kills Police Officer In Gombe

2025/07/18
Police Arrest Wanted Notorious Bandit, Others In Kaduna
News

Police Arrest Wanted Notorious Bandit, Others In Kaduna

2025/07/18
Bayelsa Stakeholders Seek Probe Of Destruction Of N60bn Amnesty Centre
News

Your Periodic Attempts To Review 1999 Constitution, A Waste Of Resources, Gov Diri Tells Lawmakers

2025/07/18
Abiodun Swears In 8 New Judges Today
News

Pension: Labour Rejects Ogun Gov’s Plea, Vows To Continue Indefinite Strike

2025/07/18
How To Start Accepting Crypto As A Business
Business

How To Start Accepting Crypto As A Business

2025/07/18
Leadership Conference advertisement

LATEST

Enugu Police Rescue 6 Stolen Children In Multiple Operations

Hit-and-Run Driver Kills Police Officer In Gombe

Police Arrest Wanted Notorious Bandit, Others In Kaduna

Your Periodic Attempts To Review 1999 Constitution, A Waste Of Resources, Gov Diri Tells Lawmakers

Pension: Labour Rejects Ogun Gov’s Plea, Vows To Continue Indefinite Strike

How To Start Accepting Crypto As A Business

WAFCON 2025: Dominant Super Falcons Thrash Zambia 5-0 To Reach Semifinals

In Kano, Tinubu Hails Late Dantata’s Legacy Of Humility, Generosity

Why Credit Cards Excel For Online Casino Payments In Canada

ICPC To Arraign KANSIEC Chair, Others Over Alleged N1bn Money Laundering

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.