Innocent Chukwuma

Last updated
Innocent Ifediaso Chukwuma
Born1961
Nationality Nigerian
Occupation Business magnate
Known forFounder of Innoson Vehicle Manufacturing (IVM)
HonoursOfficer of the Order of the Federal Republic (OFR)

Chief [1] Innocent Ifediaso Chukwuma CON (born 1 October 1961) is a Nigerian business magnate and investor. He is the founder and CEO of Innoson Vehicle Manufacturing, Nigeria's first indigenous automobile manufacturing company. [2] [3] [4]

Contents

Innocent Chukwuma was born into the family of Chukwuma Mojekwu. He is the youngest child in a family of six.

Career

In 1981, after his education, Innocent began trading in spare parts, a very lucrative business in South East Nigeria. He then founded the company Innoson Group with Innoson Manufacturing, Innoson Tech. & Industries Co. Ltd as its subsidiaries.

In 2013, he was appointed Deputy Chairman, Board of Trustees National Coalition for Jonathan/Sambo Presidency, a group setup to promote the election of the former Nigerian president, Goodluck Jonathan.

Award and honors

Related Research Articles

<span class="mw-page-title-main">Economy of Africa</span>

The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people were living in 53 countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales, commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050.

<span class="mw-page-title-main">Oba Otudeko</span> Nigerian businessman

Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group. He was a former chairman of FBN Holdings and founder of the Oba Otudeko Foundation. As of June 2017, his estimated net worth was US$550 million.

<span class="mw-page-title-main">Nnewi</span> City in Anambra State, Nigeria

Nnewi is a commercial and industrial city in Anambra State, southeastern Nigeria. It is the second largest city in Anambra state after Onitsha. Nnewi as a metropolitan area has two local government area, which are Nnewi North and Nnewi South, all centred around the Nnewi town. Even Ekwusigo local government area is now part of Nnewi urban area, as urbanization continues to spread from Nnewi to neighbouring communities. The Nnewi town which is the only town in Nnewi North comprises four villages: Otolo, Uruagu, Umudim, and Nnewichi. Nnewi had been the centre of economics and commerce, being at a time the fastest growing industrial city east of the Niger, being the home of many industries such as The Ibeto Group, the Chicason Group, Cutix Cables, amongst others. The first indigenous car manufacturing plant in Nigeria is located in the city while the first wholly Made-in-Nigeria motorcycle, the 'NASENI M1' was manufactured in Nnewi.

Charles Chukwuma Soludo is a Nigerian politician, banker, and economics professor who has served as governor of Anambra State since March 2022. He is a former governor and chairman of the board of directors of the Central Bank of Nigeria. He was appointed as the bank's governor on 29 May 2004.

<span class="mw-page-title-main">Aliko Dangote</span> Nigerian businessman (born 1957)

Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Bloomberg Billionaires Index estimated his net worth at $25.1 billion in November 2023, making him the richest person in Africa, the world's richest black person, and the world's 72nd richest person overall.

Henry Oloyede Fajemirokun, CON was a trade unionist who later became a prominent Nigerian industrialist and businessman and one of the country's dynamic indigenous entrepreneurs who had established and built one of the foremost indigenous private sector business concerns in his time. He was a strong believer in, and promoted West Africa's economic integration alongside Adebayo Adedeji which subsequently led to the formation of the Economic Community of West African States (ECOWAS).

Adetokunbo Kayode is a Nigerian corporate lawyer, tax expert and international arbitrator.

Landmark University is a private Christian university, affiliated with the Living Faith Church Worldwide and located in Omu-Aran, Kwara State, Nigeria. In 2014, it was featured among the top five universities in Nigeria by Webometrics.

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr is a Nigerian billionaire businessman, and the third richest person in Africa. His company Globacom is Nigeria's second-largest telecom operator and also has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil.

<span class="mw-page-title-main">Akinwumi Adesina</span> Nigerian economist

Akinwumi "Akin" AdesinaCON is a Nigerian economist, who is currently serving as the President of the African Development Bank. He previously served as Nigeria's Minister of Agriculture and Rural Development. Until his appointment as Minister in 2010, he was Vice President of Policy and Partnerships for the Alliance for a Green Revolution in Africa (AGRA). He was elected as the President of the African Development Bank in 2015 and re-elected for a second term in 2020. He is the first Nigerian to hold the post.

<span class="mw-page-title-main">Wale Tinubu</span> Nigerian lawyer and businessman (born 1967)

Jubril Adewale "Wale" Tinubu is a Nigerian business executive and lawyer, who is the group chief executive of Oando PLC.

<span class="mw-page-title-main">Innoson Vehicle Manufacturing</span> Nigerian manufacturer of automobilies and buses

Innoson Vehicle Manufacturing Co. Ltd. is a Nigerian automobile manufacturer headquartered in Nnewi, Anambra, Nigeria. It was founded by Chief Innocent Chukwuma Nwala. Innoson Vehicle Manufacturing is nicknamed Pride Of African Roads.

Onikepo Olufunmike Akande, is a Nigerian economist, accountant and industrialist who served as the President of the Lagos Chamber of Commerce and Industry and honorary life Vice-President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture.

The Innoson Group vs GTBank fraud case involves claims where plaintiff Innoson Motors claims that GT Bank owes Innoson Motors a large sum of money that after 22% interest compounded annually over several years totals ₦8.9 billion. However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. Innoson Motors began its case against GT Bank in 2011. Recently, the Nigerian Supreme Court ruled in favor of Innoson Motors claim against GT Bank, and the company says that it is due to take over GT Bank in lieu of receiving its money. The scandal received publicity after the arrest of the Innonson chairman by the Economic and Financial Crimes Commission. Innoson took the dispute to social media, with hashtags such as #BewareOfGTBank and #WhatIsWrongWithGTBank. In a TVC News interview, Innocent Chukwuma said that he had obtained an ₦8 billion judgement against the bank.

Roughly 720,000 cars per year are being sold in Nigeria every year. Only c. 140.000 of them have been built domestically.

<span class="mw-page-title-main">Habeeb Okunola</span> Nigerian entrepreneur, investor, and philanthropist (born 1981)

Iba Akosin Habeeb Okunola OFR, MON, FICA is a Nigerian entrepreneur, investor, and philanthropist who is the chief executive officer of TILT Group, a multinational conglomerate headquartered in Nigeria with diversified investments spanning key business sectors of the African economy, including energy, construction, engineering, agriculture, and technology.

Mohammed Musa Bello is a Nigerian banker and politician who served as the Minister of the Federal Capital Territory, from 2015 to 2023.

<span class="mw-page-title-main">Azibaola Robert</span>

AzibaolaRobert, is a Nigerian entrepreneur, Fellow of the Nigerian Society of Engineers (NSE), industrialist, lawyer, human and environmental rights advocate, founder of Zeetin Engineering Limited, managing director of Kakatar Group and a receiver of Vanguard Personality award of the year. Robert studied law at the Rivers State University of Science and Technology, Portharcourt, and was called to the Nigerian bar in 1995.

Sandra Chukwudozie is a Nigerian female entrepreneur and clean energy activist. She is the Founder and CEO of Salpha Energy; and executive director at Dozzy Group. She is the daughter of Nigerian business magnate Sir Daniel Chukwudozie. Sandra is a Forbes Africa 30 under 30 Lister.

<span class="mw-page-title-main">Ada Chukwudozie</span> Nigerian businesswoman and entrepreneur

Lady Ada ChukwudozieMNSE is an entrepreneur and the chairman of the Manufacturer's Association of Nigeria-southeast region. She is the Executive Director of Dozzy Oil and Gas Limited and the Founder of Association of Professional Women on Rural Development.

References

  1. "'Innoson Vehicle Manufacturing only imports engine, light'". Vanguard News. 2020-08-11. Retrieved 2021-01-30.
  2. "Innoson Unveils First 'Made-in-Nigeria' Cars - Ventures Africa". Ventures Africa. 2014-12-02. Retrieved 2017-08-28.
  3. "The Small Town Of The Super Rich - Forbes Africa". Forbes Africa. 2017-08-07. Retrieved 2017-08-28.
  4. "Innoson, GTB draw battle line over N400b lawsuit - The Nation Nigeria". The Nation Nigeria. 2017-08-18. Retrieved 2017-08-28.
  5. "Vol 4 no 17". issuu. Retrieved 2017-08-28.
  6. "Innocent Chukwuma: Most Innovative entrepreneur 2013 - Vanguard News". Vanguard News. 2014-01-01. Retrieved 2017-08-28.
  7. "FULL LIST: 2022 National Honours Award Recipients The Nation Newspaper". 2022-10-09. Retrieved 2022-11-02.