Senate condemns Innoson’s chairman arrest

The Senate yesterday condemned arrest of the Chairman of Innoson Motors, Chief Innocent Chukwuma by the Economic and Financial Crimes Commission (EFCC).

To this effect, it mandated its committee on anti corruption and financial crimes to investigate the matter within 24 hours.

The resolution followed a point of order by Deputy Senate President, Ike Ekweremadu, who said the businessman was arrested over commercial issue between him and Guarantee Trust Bank.

Senate President Bukola Saraki said the arrest of Chukwuma portrayed the country in a bad light.

“That does not speak well of the country. How will a private commercial matter becomes EFCC case? We are just making mockery of ourselves,” he said.

Chukwuma was arrested by the operatives of the EFCC in Enugu on Tuesday.

Acting Chairman of EFCC, Ibrahim Magu in a brief interview with newsmen at the Senate wing of the National Assembly said he was aware of the arrest but that the commission would issue a statement on it.

Meanwhile, Magu said autonomy has been granted to the Nigerian Financial Intelligence Unit (NFIU) in line with the request of the Egmont Group.

Speaking when he appeared before the Senate committee on Anti Corruption and Financial Crimes chaired by Chukwuka Utazi (PDP, Enugu) on budget defence, he said the NFIU has been granted operational and financial autonomy.

Meanwhile, the EFCC released Chief Innocent Chukwuma on bail yesterday

This was confirmed by Wilson Uwujaren, EFCC’s Head of Media & Publicity in a statement.