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Imo State Government allegedly owes Innoson Motors N2.5billion 



Nigerian indigenous automobile company, Innoson Vehicle Manufacturing, IVM, has insisted that the Imo state government is yet to pay N2.5 billion debt for the purchase of various IVM vehicles including their parts from the company.

This is coming against the backdrop of a press statement issued by the commissioner for information and strategy, Declan Emelumba on behalf of the Imo state government.

Emelumba had alleged that the state government has serviced over 70 percent of the debt.

But in a swift reaction, IVM’s spokesman, Cornel Osigwe, noted that the statement was written to water down the facts and substance stated in the company’s earlier statement.

He said: “We do not wish to join words with Imo state government as we now have it on good authority that it has engaged its e-dogs to discredit our brand in the media space.

“The matter is now before the courts and we have always believed in the integrity of the judiciary to do the right thing when facts are stated.

“Innoson Vehicles has made all efforts since April 2021 through every means possible to make the governor pay for the vehicles, all to no avail, even with the involvement of top officials in government, clergies, and Bishops both with and outside Imo state to intervene on the matter.”

Osigwe added that Innoson Vehicles gave Imo state government an option of setting up a payment plan on monthly basis, yet there was no response or word from the Hope Uzodimma-led administration.

He said approaching the courts to recover the debt was the last option for the company since the governor has rebuffed all entreaties made to him to pay.

He stated that it is not correct that Innoson Vehicles agreed with the Imo government that the company will set up a service centre in the state.

According to him, Innoson Vehicles have various vehicle servicing partners in Imo state where its cars are maintained and serviced.

He also said the statement on servicing of debt by the Imo commissioner is false, adding that since the vehicles were delivered in April 2021, the state government hasn’t paid any money.

He added: “Innoson Vehicles is urging the Imo state government to do the needful and pay its debt with the accruing interest so that the case will be withdrawn from court.”

The Imo state government had described as distasteful and cheap blackmail the claim by Innoson Motors that it is owing the company N2.5billion.

The government said the company’s claim are half truths, intended to impugn on the integrity of the Uzodimma-led administration for ulterior motives.

Reacting to a threat by the company that it is filling a lawsuit on the matter, the commissioner deplored the manner the company is going about the recovery of the debt.

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