Osigwe took to Facebook to express the company’s worries.
Nigeria’s Innoson Vehicle Manufacturing Company Limited, also known as IVM, is sounding the alarm over Governor Hope Uzodinma of Imo State’s failure to pay up on a significant debt.
The issue revolves around 150 vehicles IVM supplied to the state government, valued at over $7 million at the time of delivery. However, due to fluctuations in exchange rates, if the payment is made today, the amount would be equivalent to $1.5 million, Cornel Osigwe, Head of Corporate Communications and Affairs of Innoson Group, said on Tuesday.
