How Ndigbo Can Help Innoson Dominate The Car Business

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At the peak of the Innoso-GTBank saga last December, a friend challenged me to “find the courage to write about the travails of Innoson.” Another good friend poked me on Facebook to respond to a trash from the lunatic FFK. Before I could think, one angry Igbo man Okwy, accused some of us he referred to as “Igbo pan-Nigerians”, of watching as our “race is being destroyed.” So, I spent part of my Christmas thinking of an appropriate and measured response.

While I completely understand the concerns of Igbos in the current Nigerian political atmosphere riddled with suspicion, I am afraid that we are swallowing hook, line and sinker this fallacy that GTBank hates Innoson and Ndigbo. Here is the irony of the whole saga; The Directors of GTBank “who are mainly Yorubas” were so wicked and hate Ndigbo so much so that in 2009, they granted Dr. Innocent Chukwuma, Innoson loans totaling N2,400,000,000,00 (two billion, four hundred million Naira). Surely, they want his car business to crumble.

As an analyst, it is my job to make sense of things devoid of beclouded sentiment of ethnicity and religion. Think about it slowly; Innoson accepted a big loan at a terrible rate from an “enemy bank” when he could have obtained such facilities from an “Igbo Bank” at a better rate? While the going was good and Innoson was making all the profits, he never told Ndigbo that a Yoruba GTBank was after his business. It was only after the transaction went sore that Ndigbo were dragged into this logical fallacy that a Yoruba GTBank hates us and Innoson.

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