Friday, August 19, 2022
HomeBusinessInnoson Vehicles Sues Imo State Government over 2.5 Billion Naira Debt.

Innoson Vehicles Sues Imo State Government over 2.5 Billion Naira Debt.

The management of Innoson Vehicles have slammed a 2.5 billion naira lawsuit against the government of Imo State over a debt of 2.5 billion naira worth of vehicles they supplied to them last year April 1/3

The agreement was that Imo State government would pay for the vehicles with the spare parts included after they have been produced and supplied to them.

After Innoson Vehicles did their part,Imo State government has refused to pay and it’s affecting Innoson vehicle in repayment of loans they took from Bank of Industry and Keystone bank.

Innoson Vehicles is demanding that Imo State Government pay their debt with an interest of 10 percent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here