Se­nate threat­ens CEOs with ar­rest war­rant over N30tr probe

Daily Trust - - NEWS - By Is­mail Mu­dashir

A Se­nate panel has threat­ened 16 Chief Ex­ec­u­tive Of­fi­cers (CEOs) of pri­vate com­pa­nies in­clud­ing that of the Glo Mo­bile, over their fail­ure to ap­pear be­fore it in the on­go­ing probe of N30 tril­lion rev­enue leak­ages.

The joint Se­nate Com­mit­tee on Cus­toms, Ex­cise and Tar­iff and Ma­rine Trans­port chaired by Se­na­tor Hope Uzod­inma(PDP, Imo) made the threat yes­ter­day dur­ing an in­ves­tiga­tive meet­ing with some of the firms.

The Se­nate had man­dated the joint com­mit­tee to carry out a holis­tic in­ves­ti­ga­tion into al­leged N30 tril­lion rev­enue leak­ages in Forex and the en­tire im­port and ex­port value chain between 2006 and 2016.

Other CEOs threat­ened with ar­rest war­rant are those of the Bri­tish Amer­i­can To­bacco Com­pany, CCEC Nigeria Ltd, Dana Group, African Wire and Al­lied Ltd, Ad­mi­ral Over­seas Nigeria Ltd and Aarti Steel Nigeria Ltd.

Also in­cluded are Gagsel In­ter­na­tional, Fries Cap­ina, Etco Land Nigeria Ltd, En­counter Ltd, Edic Chem­i­cals &Al­lied Dis­trib­u­tors Ltd, Don Cli­max Group and De United Foods.

Uzod­inma said re­fusal by the firms to hon­our the in­vi­ta­tion was dis­re­spect for the institution of the Na­tional Assem­bly and would not be tol­er­ated.

He said of the 30 firms in­vited between Tues­day and Wed­nes­day, only 14 ap­peared be­fore the com­mit­tee.

Uzod­inma said: “It is only in Nigeria that the Se­nate will in­vite an en­tity for an in­ter­ac­tive ses­sion, par­tic­u­larly in a case that both­ers on in­ves­ti­ga­tion, fi­nan­cial mis­man­age­ment, in­frac­tions and the com­pany will be com­pla­cent. The com­pa­nies will not be will­ing to come or some­times send ju­nior of­fi­cers.

``I have di­rected and we are work­ing with se­cu­rity agen­cies, that any com­pany that is in­vited and has some­thing to ex­plain and re­fuses to ap­pear, we will issue a war­rant for such per­sons to be ar­rested. We are giv­ing them the fi­nal op­por­tu­nity to ap­pear and if they fail, we will issue a war­rant,” he said.

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