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).
He
was arrested by the commission on Tuesday after the EFCC said he had refused to
honour its invitation, an accusation the company denied.
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.
“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.
- The Cable
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