• Latest
  • Trending
  • All
  • Politics
Oil Service Firm Drags INNOSON To FCCPC Over Poor Quality Vehicles, Breach Of Trust

Oil Service Firm Drags INNOSON To FCCPC Over Poor Quality Vehicles, Breach Of Trust

January 30, 2023
Obosi PG, 4 Others Killed In Anambra, Soludo Reacts

Soludo did not spend N3.5bn On Election… Aburime

March 20, 2023
Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

March 17, 2023
Obi Says Opposition Plans To Scuttle Case With Protests, Reiterates Court, Due Process

Obi Says Opposition Plans To Scuttle Case With Protests, Reiterates Court, Due Process

March 17, 2023
Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

March 17, 2023
Oye, APGA Nat’l Chairman Hopeful Of Victory  In Abia, Ebonyi, Enugu

Oye, APGA Nat’l Chairman Hopeful Of Victory  In Abia, Ebonyi, Enugu

March 16, 2023
LP’s  Orogbu Wins Awka North/South Fed Seat In Anambra

Stop Seeking Cheap Popularity With My Name, Soludo Carpets LP Rep. Elect

March 15, 2023
Anambra To Migrate LGs System To ICT Driven, Trains 5000 Staff

Anambra To Migrate LGs System To ICT Driven, Trains 5000 Staff

March 15, 2023
Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

March 14, 2023
Soludo Urges Anambra Electorate To Vote APGA In State Assembly Election

Anambra ALGON Mobilises Support For APGA Ahead of State House of Assembly Polls.

March 13, 2023
IPAC Rallies Support For Soludo On House Of Assembly Polls

IPAC Rallies Support For Soludo On House Of Assembly Polls

March 9, 2023
Onyedum, APGA Chieftain Urges Anambra Electorate To Vote Party HoA Candidates For Stability

Onyedum, APGA Chieftain Urges Anambra Electorate To Vote Party HoA Candidates For Stability

March 8, 2023
PDP Demands Removal Of Anambra REC, Lauds Appeal Court Over Order On BVAS 

PDP Demands Removal Of Anambra REC, Lauds Appeal Court Over Order On BVAS 

March 8, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, March 20, 2023
  • Login
News Monitor ::
  • Home
  • World
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

    2023:  Arthur Eze Reiterates Support For Atiku-Okowa Ticket

    2023:  Arthur Eze Reiterates Support For Atiku-Okowa Ticket

  • Politics
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

  • Entertainment
    Anambra Govt Lifts Suspension on Wintess Hotel 

    Anambra Govt Lifts Suspension on Wintess Hotel 

    Two Nollywood Actors Feared Kidnapped

    Two Nollywood Actors Feared Kidnapped

    Whitemoney Emerges Winner of BBN6, Coasts Home N90m

    Anambra to upgrade of resorts to tourism sites…Commissioner

  • Health
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

  • Sports
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

No Result
View All Result
  • Home
  • World
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

    2023:  Arthur Eze Reiterates Support For Atiku-Okowa Ticket

    2023:  Arthur Eze Reiterates Support For Atiku-Okowa Ticket

  • Politics
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

  • Entertainment
    Anambra Govt Lifts Suspension on Wintess Hotel 

    Anambra Govt Lifts Suspension on Wintess Hotel 

    Two Nollywood Actors Feared Kidnapped

    Two Nollywood Actors Feared Kidnapped

    Whitemoney Emerges Winner of BBN6, Coasts Home N90m

    Anambra to upgrade of resorts to tourism sites…Commissioner

  • Health
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

  • Sports
    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Enekwe, LP Chieftain Urges Nigerians To Vote Without Fear

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    Rommy Ezeonwuka, Igbo, Nigeria Hero Of Our Time

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    (Video)Imo: No Elections In All 11 Wards of Orsu LGA – PDP Tells INEC

    Simon Ekpa Reportedly Arrested By Finnish Police

    Simon Ekpa Reportedly Arrested By Finnish Police

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Pope Francis Creates Catholic Diocese of Aguleri, Appoints Bishop Isizoh 1st  Bishop

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra Gov’t To Partner Private Facility Investors…Commission Boss

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra’s Ezechukwuchiri Winner Of U18 High Jump  At World School Athletics Trials

    Anambra targets Empower 130,000 Youths For Apprenticeship Programme

    (video)Close Gap: Anambra Gov’t Determined To Make 1,000 Millionaires Yearly—Aghamba

No Result
View All Result
News Monitor ::
No Result
View All Result
Home Business

Oil Service Firm Drags INNOSON To FCCPC Over Poor Quality Vehicles, Breach Of Trust

by Kamsochi
January 30, 2023
in Business
0
Oil Service Firm Drags INNOSON To FCCPC Over Poor Quality Vehicles, Breach Of Trust
510
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Oil Service Firm Drags INNOSON To FCCPC Over Poor Quality Vehicles, Breach Of Trust

 

Petronella (Nig) Limited, a Port Harcourt based oil service firm, has petitioned the Federal Competition and Consumer Protection Commission(FCCPC) against fraudulent activities of INNOSON Vehicle Manufacturing (IVM) an indigenous manufacturing firm.

 

Petronella in a petition dated Jan 10 and signed by Olaniwun Ajayi, its legal representative purchased goods from IVM which in the course of the relationship behaved in ways that breach several provisions of the  FCCPC Act and caused considerable damage. 

 

Petronella entered into an agreement with Shell Petroleum Development Company of Nigeria Ltd. (SPDC), in September 2021 to provide SPDC with pick-up trucks for use in SPDC’s operations,

 

It said, given the environment in which SPDC operates, vehicles intended for the company’s use must meet certain engineering and safety specifications. In particular, SPDC required that vehicles leased from Petronella must possess a five-star New Car Assessment Programme (NCAP) rating.

 

The company said IVM gave assurance to Petronella that IVM Vehicles have all the features as requested by SPDC, as contained in their email dated Sept.04, 2021.and on that Petronella requested, and IVM issued, an invoice for 20 units of IVM’s five-seater, double-cabin, 3.0L diesel pick-up known as the IVM Granite. 

 

It said each unit of the IVM Granite was priced at N21,5 million amounting to N430 million for which it  paid a deposit of N415 million in three installments of  N65 million, N80 million and N270 million, leaving a balance of only N15 million.

 

According to Petronella, IVM only supplied eight out of twenty vehicles, the vehicles supplied did not have the features that IVM claimed they would have, and IVM has refused to refund money paid by Petronella

 

 “Despite having received about N415 million from Petronella by 29 October 2021 for twenty units of the IVM Granite, IVM did not deliver the vehicles within the two-week timeframe that it had promised. 

 

“When IVM finally delivered vehicles to Petronella, it delivered only nine vehicles, one of which it immediately retrieved because of a defect in the engine, so that Petronella was ultimately left with eight vehicles but of the 20 that IVM had agreed to supply, IVM never delivered the remaining 12 vehicles,” it stated.

 

Petronella said the vehicles that IVM delivered did not meet the specifications that it had claimed that they would meet, including possessing a five-star NCAP rating. 

 

It said when Petronella requested an NCAP crash test report, IVM did not provide any but . rather, it forwarded via email a document that looked like a crash test report which gave no indication that it had been issued by a crash testing authority. 

 

“IVM’s failure to provide a crash test report verifying that the IVM Granite had that rating meant that Petronella could not fulfill the terms of its agreement with SPDC. In consequence, SPDC rescinded its lease with Petronella.

 

“Given that Petronella had purchased the vehicles specifically to perform its lease with SPDC, SPDC’s rescission of the lease meant that Petronella no longer had need of the vehicles.

 

“Therefore, Petronella deliveries the eight vehicles to IVM’s service center in Port Harcourt on Dec.  2021. It then notified IVM of the delivery and demanded a refund of the N415 million that had been paid for the vehicles,” it stated. 

 

The company said in addition to the N415 million which IVM had refused to refund, it had lost about N805 million per day in expected income from the rescinded SPDC lease, from Nov. 4 2021 to date. excluding inability to repay the koan it obtain dur to IVM’s refusal to reimburse it.

 

 

 

It said. IVM’s conduct constituted a violation of Petronella’s rights under the FCCPC Act: 14.1. Standards for marketing goods (section 123(1)(a) and (b) of the FCCPC Act) – which prohibits a producer, importer, distributor, retailer, trader or service provider from making any representation for the purpose of promoting or marketing goods in a manner that is likely to imply any false or incorrect representation.

 

” Act 14.2. Right to return goods (section 122 (a) of the FCCPC Act) – which entitles Petronella to return goods within a reasonable time if the goods are unfit for its intended purpose and receive a full refund for same. 14.3. Right to fair dealings (section 125 (1) (a) of the FCCPC Act).

 

“This provision holds,  an undertaking liable to pay damages or monetary restitution where in the marketing of any goods or services by words or conduct, the undertaking directly or indirectly expresses or implies a false, misleading or deceptive representation in relation to a material fact to a consumer or prospective consumer.

 

“We urge the Commission to ensure that this matter is investigated and appropriate relief provided to our client,” it stated.

 

 

 

Share204Tweet128Share51
Kamsochi

Kamsochi

  • Trending
  • Comments
  • Latest
NMA Threatens To Withdraw Services, 3 Doctors Kidnapped In Anambra

NMA Threatens To Withdraw Services, 3 Doctors Kidnapped In Anambra

June 29, 2022

Udala FC unveils UEFA licenced coach, new players

March 11, 2020
Onitsha Main Market Protest Sponsored By Those Sabotaging  Anambra Gov’t Revenue…Ezebunanwa

Onitsha Main Market Protest Sponsored By Those Sabotaging  Anambra Gov’t Revenue…Ezebunanwa

June 29, 2022

Police Returns To Regular Operations, Urges Public Confidence In Anambra

20

Sports Journalists Must Understand Games’ Rules, Be ICT Compliant…Nezianya

8

Ubah returns as Anambra FA Chairman, Balepo elected member

1
Obosi PG, 4 Others Killed In Anambra, Soludo Reacts

Soludo did not spend N3.5bn On Election… Aburime

March 20, 2023
Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

Anambra: CP Adeoye Assures Of Peaceful Poll, Warns Trouble Makers To Steer Clear

March 17, 2023
Obi Says Opposition Plans To Scuttle Case With Protests, Reiterates Court, Due Process

Obi Says Opposition Plans To Scuttle Case With Protests, Reiterates Court, Due Process

March 17, 2023
News Monitor ::

Copyright © 2022 News Monitor.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Politics
  • Entertainment
  • Health
  • Sports

Copyright © 2022 News Monitor.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In