₦airaland Forum

Cannibal.

And then the scales fell off the pastor's eyes.

Haddock:
You couldn't say "hut in Germany", you know why? Your mind agrees with Trump!

Trump, as dumb as he is, did not insult Nigerians because he actually believe Nigerians live in huts. He did because he is a racist and a hypocrite who forgot his own grandfather came from somewhere else to America and that he never left.
Whether his grandfather lived in a mansion in Germany or burrowed himself in a hole is irrelevant.

cstr1001:
Western part of Germany is more Developed than America.

Wouldn't be a bad trade to be honest.

Not in 1885.

Very ironic that some Nigerians who probably didn't know his antecedents were rooting for him. Trump is a dumb racist.

His own grandfather never went back to his hamlet in Germany.

Xda59:
Fair enough, but it is the claim that they are manufactured in Nigeria that beats my imagination. That car is called BJ80, a Chinese knockoff for the G wagon. For him to present it as G gard made in Nigeria is pure nonsense.

That is called deception. Honesty matters.

Topccy007:
No one can ruin Innoson. We need entrepreneurs like you in this Country.

Thanks to Gtb for increasing your popularity....

Merry xmas to all reasonable Nairalanders

This is not show business, this is real business and not every publicity is good for business. You know why? Money. Since money is the lifeline of every business, creditors are paying attention to what is going on with Innoson. He can make the best cars in the world but all that wouldn't matter if he cannot be trusted with money.

DerideGull:
He did invent the prototype you posted in your previous post. If he did not, I guess you did. However from your posts, it is safe say you have not bent a rod in you life on earth.

I like to know if the armed robbers drove away with the prototype along with 10 engine blocks.
Along with all moulds and foundry equipment, given the fact that this robbery was supposed to have happened withing an hour!
Do you actually believe that 12 men (even if powered by akpu) could clear out a whole car factory thereby making it impossible to be put back together ever again.



"According to the chairman of the company, Dr. Ezekiel Izuogu, some armed men numbering about 12 broke into Izuogu Motors factory, Saturday, March 11, between 1.00 and 2.00 a.m. and carted away various machines and tools including a design history notebook of Z-600, the design file Z-MASS, containing the design history for mass production of Z-600 car, a proposed locally made car and the moulds for various parts of the car."

http://www.nigeriamasterweb.com/1stNigerianMadeCarNews.html

DerideGull:
You with your posts always come across as an ill-educated brat. I wish you have enough human intellect to research the first MB produced by the Germans. The MB looked silly when compared with Izuogu's prototype. It is unfortunate that fools are allowed to spew crap on the Internet.

Izuogu did not reinvent the car, did he?

freeze20:
Really! Assemble? Can you show us proof? Oh, you're not even planning to join assemlbers, according to you, but still find time to run them down with your envious mouth. Pathetic.

You are so ignorant it's not even funny.

freeze20:
You know all this, and yet you could not start your own factory. Or lets say build your own automoble from scratch so we can be proud of you. Ogbeni, stop been a lazy professor, who can explain all things, but cannot produce a pin

You need to explain if I lied against innoson. Did it occur to you that maybe not everyone wants to assemble Chinese CKD?

You are the only one who doesn't know innoson vehicles are mass produced clones.

freeze20:
Why not start your own, if its that easy? Enemy of progress.

It is that easy. Tell innoson to repay his loans, I won't have any money to borrow from GTB if people like innoson wouldn't pay back their loans.

Innoson did not develop anything. There are many people selling exactly the same vehicles as innoson under different brand names. It is like a cookie cutter operation.
We simply present you with the truth.

Before nko?

Cooly100:
Only a strong man with vision will use his name...on a product like that...

What of Damian Anyanwu who face the same problem as Izugo? Is he also an assembler?

Wicked bigots everywhere...

We are not supposed to be in the same country...as we are hurt bt the development by other tribes...

I blame Lugard for forcing us on each other...

Strong man indeed. If you can convince GTB to loan you enough money you too can have cooly 100 brand of vehicles courtesy of the Chinese.

Cooly100:
Do you think INNOSON would continue if there is sustained wickedness as we saw in the past few days?

What happened to the developments by Biafra scientists during the war?

You just sat there lazily mouthing sewage..Have you the prototype to even produce toothpick?

Innoson doesn't have to worry about any prototype. He is an assembler of Chinese made CKD parts.

Fidelity cares. They care so much that if you borrow money from them you will never need to repay them.

Fidelity bank of course is not stupid, they are merely trying to exploit the naivety of the people they are trying to attract.

resurgentxtian4:
Sorry, my earlier response to this post wasn’t meant for you. My apologies.

No problem at all.

resurgentxtian4:
Read my last response to ashiwajuforward (or whatever the Islamic idiot is called). Christians in yorubaland won’t tolerate soft leaders like Osinbajo again. He is my brother from Ogun State who I respect immensely but he’s too soft for politics in these times in Nigeria.

Bro, I think quoted me by mistake.

Angeleena:
only God,knows how thus man escaped being a dwarf..he has their looks and all..

You should know. Dwarfs with humongous yam legs are plenty east of the Niger. Some are even famous in nollywood.

Roman Gourdess.

This is the thing that was stolen and Mr. Izuogu couldn't remember how he made it.

The super armed robbers stole this "keke napep" and the memory of it's maker.

Balkan:
It was a robbery organised by the state. Planned and executed by the federal government.

To what end? This story is all bunkum. Why didn't he take the South African offer? Did he forget how to design engines and vehicles the moment the first blueprint was stolen?

Ten engine blocks and moulding machines all stolen. All prototypes and blueprints stolen as well in one single robbery.
I don't think 12 Anini and 12 Osisikankwu can steal everything in a mechanic's workshop in one single robbery not to think of a car making factory.
Fishy story.

If the matter is in court why is he going on like a parrot? I'm sure GTB and EFCC lawyers are paying attention to what he is saying.

Innoson is not above the law. Laws are made to be obeyed by everyone including rich and poor people alike.



https://mobile.nytimes.com/2007/02/06/business/06hyundai.html?referer=https://www.google.ca/

The New York Times


Hyundai Chief Sentenced to Prison for Embezzling
By CHOE SANG-HUN
FEBRUARY 6, 2007


SEOUL, South Korea, Feb. 5 — The chairman of Hyundai Motor Company, sentenced on Monday to three years in prison for embezzling corporate funds, will continue to run the corporation while his case is appealed.

The presiding judge, Kim Dong-oh, said that the chairman, Chung Mong-koo, committed a “clearly criminal act” by raising and using “a large-scale secretive fund” that “greatly undermines the transparency and soundness of business management and has many adverse effects on our business culture.”

But the judge said he would allow Mr. Chung to stay out of prison on bail while an appeal was prepared in order to “minimize the impact on the economy.”

The appeal process is expected to take six months to two years.

“Chairman Chung will remain at the helm of management, but his room for maneuvering will be curtailed by today’s sentence,” a spokesman for Hyundai, Jake Jang, said. “The verdict means that he will have one leg tied in a legal battle at a time when he has to run with both legs for the company.”


Hyundai, the world’s sixth-largest carmaker, is struggling with labor unrest at home and pressure from Japanese competitors abroad.

Mr. Jang said Mr. Chung’s continuing legal trouble might “delay the company’s efforts to implement a comprehensive review and realignment” of its strategies.

The chairman’s legal problems come as Hyundai seeks to deal with labor strife that cost it $2.4 billion in lost production last year.

Mr. Chung’s three-year sentence surprised analysts and Hyundai officials, who packed the hearing in Seoul. Mr. Chung declined to comment as he left court.


The judge said Mr. Chung was being punished for “illegal and antimarket practices.”

Critics of the country’s family-controlled conglomerates said that South Korean courts were too lenient toward convicted businessmen in general and Mr. Chung in particular.

“I don’t think today’s verdict was a stern execution of law,” said Park Kun-young, a secretary at the People’s Solidarity for Participatory Democracy, a group campaigning for more transparency in South Korean conglomerates. “It’s notable that the court gave Chung three years in prison, not four or five. Three years is the maximum sentence that can be suspended by an appellate court.”

Auto, electronics and other industries in South Korea are dominated, like Samsung and Hyundai, by a handful of conglomerates, called chaebol. They have powered the nation’s export-driven economy, but critics say they have also given management control and wealth to the owner families through questionable and opaque bookkeeping.

Many executives of the chaebol have faced trials on bribery and other corruption charges. Those convicted have usually received light sentences, most of them suspended. That has led to complaints that the conglomerates are too powerful.

About 80 percent of businessmen convicted of embezzling large amounts of money since 2000 eventually had their sentences suspended, People’s Solidarity for Participatory Democracy said in a statement.

Hyundai with its Kia brand accounts for 72 percent of the 2.65 million South Korean cars exported last year, and for nearly 7 percent of South Korea’s total exports.

Once known for its cheap models, Hyundai has transformed itself into a major global brand under Mr. Chung. He has aimed to make it the world’s fifth-largest carmaker by 2010 by expanding in Eastern Europe and the United States.

Mr. Chung was arrested last April on charges of embezzling around 90 billion won ($96 million) through fraudulent accounting, and inflicting 210 billion won in financial damage on affiliates through questionable deals that protected or bolstered the finances of him and his son, Chung Eui-sun, who heads Kia. Mr. Chung spent two months in jail before being released on bail.

In a separate trial last month, seven former bank officials were found guilty of taking bribes from Hyundai in return for helping one of the company’s units write off debt. A lobbyist was convicted of making bribes on behalf of Hyundai.

“Today’s ruling was a surprise in that many analysts had predicted a suspended sentence,” said Stephen Ahn, an auto industry analyst at Woori Investment and Securities. “But I don’t see any immediate impact on the company in that the verdict doesn’t create a leadership vacuum at Hyundai.”

Kim Jae-woo, an analyst at Mirae Asset Securities, agreed but added that “the question of corporate governance at Hyundai remains a long-term burden for Hyundai.”

Mr. Chung has not faced any movement among shareholders to oust him, analysts said, because Hyundai is controlled by a complex network of circular financing among family-controlled affiliates.

Hyundai shares fell as much as 3.15 percent after the sentencing but recovered to close flat at 69,800 won ($76.33).

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LionDeLeo:
Names need be mentioned, as long as they are Nigerians, we know where they come from.

Mustafa Azmir and Jude Nnamdi Achonye, aged 28 and 30

Ihatepork:
I'll start from when they told us Orji Kalu had so much money Nigerian banks couldn't keep his money. They told him to take it to World Bank

Lmao.

ZorGBUooeh:
Chai! This educated brick layer still dey give us rubbish lecture for hia sha..Wahala dey ooooh

You are really a sharp torn on our ballz hia ooo

Sod off. You illiterate dunderhead.

Ihatepork:
One day, I'll create a repository thread posting all the things these guys have lied about. I remember this one. Smh

http://igberetvnews.com/418998/ipob-meeting-with-president-trump-streamed-live/

Don't even try, where are you going to start from? They lie faster than they can remember themselves. Innoson can't even remember how he cleared customs with fraudulent papers.

It was a similar type of forgery that got Innoson in trouble with the law.
Misrepresentation and shady deals may work if you are just buying and selling spare parts, not in the big league of auto assembly.