An inquiry into what has happened to the $300m foreign facility obtained by indigenous auto manufacturing group, Innoson Vehicle Manufacturing (IVM) in 2016 for the local production and supply of a minimum Set-Top Boxes to support the FG’s Digital Switch Over (DSO) project being handled by the National Broadcasting Commission (NBC).

It was gathered that the amount was part of Innoson Group partnership with a Consortium of Chinese Investors to pump in $1billion into Nigeria information technology sector of the economy; to include 400 million Nigeria’s DSO Project Digital Satellite TV station and additional $600 million covering other important sectors.

Recalls that in October 2016, the public relations & media assistant at Innoson Group, Cornel Osigwe quoted the Vice President, Prof Yemi Osinbajo, that he had on Monday, October 25, received the consortium of Chinese Foreign Investment Group led by Liu Baoju, a deputy minister of Communist Party of China in Shandong Province where the deal was discussed.

Osigwe noted then that visit which comes as one of the gains of President Muhammadu Buhari’s visit to China will attract a foreign investment of 1Billion USD.

He further gave a breakdown of the investment as currently agreed by the Chinese Consortium as follows; “Financial foreign investment credit facility of $300million USD for local production and supply of a minimum five to eight Million (5-8million) Set-Top Boxes to support the Federal Government of Nigeria Digital Switch Over (DSO) project being handled by the Nigerian Broadcasting Commission in order to meet the deadline switch of June 2017.”

"Financing foreign investment of $100million to establish the latest technology and biggest DTH (Direct-To-Home) Digital BING Television Station across all states of Nigeria.

“In addition, the two above immediate investment is being followed by another 600 Billion USD investment in which negotiations is almost fully concluded with our strategic partners to cover the following areas of Nigerian economy; Smart City (CCTV camera) using cloud computing total solution that is known as E-Policing to cover the whole landmass of Nigeria.

Many who remembered the news of the facility access October last year are calling on the government to find out what happened to the $300m which was specifically accessed with manufacturing STBs in view.

Efforts to speak with the Public Relations & Media Assistant at Innoson Group, Mr. Cornel Osigwe for the company’s angle proved futile as his mobile lines were not reachable as at press time.


https://politicsngr.com/2017/12/20/just-innoson-embroiled-300-million-credit-controversy/

They should be giving innoson grants to encourage him instead of harassing him. Useless 9ja

BabaRamota1980:
An inquiry into what has happened to the $300m foreign facility obtained by indigenous auto manufacturing group, Innoson Vehicle Manufacturing (IVM) in 2016 for the local production and supply of a minimum Set-Top Boxes to support the FG’s Digital Switch Over (DSO) project being handled by the National Broadcasting Commission (NBC).

It was gathered that the amount was part of Innoson Group partnership with a Consortium of Chinese Investors to pump in $1billion into Nigeria information technology sector of the economy; to include 400 million Nigeria’s DSO Project Digital Satellite TV station and additional $600 million covering other important sectors.

Recalls that in October 2016, the public relations & media assistant at Innoson Group, Cornel Osigwe quoted the Vice President, Prof Yemi Osinbajo, that he had on Monday, October 25, received the consortium of Chinese Foreign Investment Group led by Liu Baoju, a deputy minister of Communist Party of China in Shandong Province where the deal was discussed.

Osigwe noted then that visit which comes as one of the gains of President Muhammadu Buhari’s visit to China will attract a foreign investment of 1Billion USD.

He further gave a breakdown of the investment as currently agreed by the Chinese Consortium as follows; “Financial foreign investment credit facility of $300million USD for local production and supply of a minimum five to eight Million (5-8million) Set-Top Boxes to support the Federal Government of Nigeria Digital Switch Over (DSO) project being handled by the Nigerian Broadcasting Commission in order to meet the deadline switch of June 2017.”

"Financing foreign investment of $100million to establish the latest technology and biggest DTH (Direct-To-Home) Digital BING Television Station across all states of Nigeria.

“In addition, the two above immediate investment is being followed by another 600 Billion USD investment in which negotiations is almost fully concluded with our strategic partners to cover the following areas of Nigerian economy; Smart City (CCTV camera) using cloud computing total solution that is known as E-Policing to cover the whole landmass of Nigeria.

Many who remembered the news of the facility access October last year are calling on the government to find out what happened to the $300m which was specifically accessed with manufacturing STBs in view.

Efforts to speak with the Public Relations & Media Assistant at Innoson Group, Mr. Cornel Osigwe for the company’s angle proved futile as his mobile lines were not reachable as at press time.


https://politicsngr.com/2017/12/20/just-innoson-embroiled-300-million-credit-controversy/

and the hunters are on the loose.

what did innoson get itself into

9jaDoc:
They should be giving innoson grants to encourage him instead of harassing him. Useless 9ja

Ibo mentality; FG should help us sustain our business.

How many Yoruba companies out there got the same assistance? How many Ijaw or Benin owned companies out there got help?

Yet you like to claim that you did it without FG assistance.

Remember TSTV that the government supported by giving them tax relief? Where is that fraudulent company now?

baralatie:

and the hunters are on the loose.

what did innoson get itself into

Innoson is fraud. Innoson is trying to use tribalistic approach to hurt the reputation of another company.

Hmm

Osucoward:


Innoson is fraud. Trying rouse tribalistic approach to hurt the reputation of another company.

I read the other side of the a story on another thread. if true it is a very serious issue but how did he get a court judgement against gtb.this is what makes both gtb and innoson culpable of fraud

GTBank should use every opportunity to drag Innoson to the mud for trying o ruin its business and reputation.

A lesson for those that keeps using tribe to cry victim when they do wrong.

9jaDoc:
They should be giving innoson grants to encourage him instead of harassing him. Useless 9ja

This is why it's not good to skip English Language classes!! Now you need us to help you interpret.

Osucoward:
GTBank should use every opportunity to drag Innoson to the mud for trying o ruin its business and reputation.

A lesson for those that keeps using tribe to cry victim when they do wrong.

GTB being what they are will never do that. They will rather go the clean and mature way

There is an audit report of fraudulent/excess debit and as a responsible institution wch gtb claims, they should refund their customer with interest, I don't know why this is being tribalized.

desgiezd:


GTB being what they are will never do that. They will rather go the clean and mature way

Ogbeni, we know you are an employee of the bank (GTB), the idea of hiding under any pseudonym will not help nairalanders.

nnatobryno:
There is an audit report of fraudulent/excess debit and as a responsible institution wch gtb claims, they should refund their customer with interest, I don't know why this is being tribalized.

Where is report of the audit?
Abi you just want us to have faith in your word?

BabaRamota1980:
An inquiry into what has happened to the $300m foreign facility obtained by indigenous auto manufacturing group, Innoson Vehicle Manufacturing (IVM) in 2016 for the local production and supply of a minimum Set-Top Boxes to support the FG’s Digital Switch Over (DSO) project being handled by the National Broadcasting Commission (NBC).

It was gathered that the amount was part of Innoson Group partnership with a Consortium of Chinese Investors to pump in $1billion into Nigeria information technology sector of the economy; to include 400 million Nigeria’s DSO Project Digital Satellite TV station and additional $600 million covering other important sectors.

Recalls that in October 2016, the public relations & media assistant at Innoson Group, Cornel Osigwe quoted the Vice President, Prof Yemi Osinbajo, that he had on Monday, October 25, received the consortium of Chinese Foreign Investment Group led by Liu Baoju, a deputy minister of Communist Party of China in Shandong Province where the deal was discussed.

Osigwe noted then that visit which comes as one of the gains of President Muhammadu Buhari’s visit to China will attract a foreign investment of 1Billion USD.

He further gave a breakdown of the investment as currently agreed by the Chinese Consortium as follows; “Financial foreign investment credit facility of $300million USD for local production and supply of a minimum five to eight Million (5-8million) Set-Top Boxes to support the Federal Government of Nigeria Digital Switch Over (DSO) project being handled by the Nigerian Broadcasting Commission in order to meet the deadline switch of June 2017.”

"Financing foreign investment of $100million to establish the latest technology and biggest DTH (Direct-To-Home) Digital BING Television Station across all states of Nigeria.

“In addition, the two above immediate investment is being followed by another 600 Billion USD investment in which negotiations is almost fully concluded with our strategic partners to cover the following areas of Nigerian economy; Smart City (CCTV camera) using cloud computing total solution that is known as E-Policing to cover the whole landmass of Nigeria.

Many who remembered the news of the facility access October last year are calling on the government to find out what happened to the $300m which was specifically accessed with manufacturing STBs in view.

Efforts to speak with the Public Relations & Media Assistant at Innoson Group, Mr. Cornel Osigwe for the company’s angle proved futile as his mobile lines were not reachable as at press time.


https://politicsngr.com/2017/12/20/just-innoson-embroiled-300-million-credit-controversy/

rubbish post... i have observed all ua post now against innoson, tell ua Afojo brother to settle him.. otherwise GTB wil go bankrupt..

nnatobryno:


Ogbeni, we know you are an employee of the bank (GTB), the idea of hiding under any pseudonym will not help nairalanders.

Employee ko, employer ni. Mtcheeww

These goats have nothing on him. I opened this retar .de.d thread to see something new only to read the rantings of some poor street urchins