EFCC release Innoson boss from its custody

The Economic and Financial Crimes Commission (EFCC) has confirmed the release of Chief Innocent Chukwuma after he and his brother, Charles, were accused of  perpetrating fraud to the tune of N1.4bn.

The commission said this in a tweet late on Wednesday.

According to the anti-graft agency, the brothers allegedly forged documents to secure tax waivers.

The tweet read, “The EFCC has released Chief Innocent Chukwuma, CEO of INNOSON on bail. Chukwuma and his brother, Charles (who is at large) are being investigated by EFCC’s Capital Market and Insurance Fraud Section for N1,478,366,859.66 fraud. He allegedly forged documents to secure tax waivers.”