Senate threatens to arrest CEOs of Glo, Indomie over N30trn Probe - Islanders Magazine

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Thursday, 3 August 2017

Senate threatens to arrest CEOs of Glo, Indomie over N30trn Probe




The Nigerian Senate has threatened to issue an arrest warrant for the Chief Executive Officer of Glo Mobile and other firms that failed to honour its invitation on alleged complicity in N30 trillion revenue probe.

The Senate gave the 16 companies a deadline of Thursday to honour the invitation or risk being arrested.

CEOs of British American Tobacco Company, CCEC Nigeria Limited, Dana Group, African Wire and Allied Limited, Admiral Overseas Nigeria Limited and Aarti Steel Nigeria Limited were equally issued the warning.

Others are Gagsel International, FriesLand Capina, Etco Nigeria Limited, Encounter Limited, Edic Chemicals & Allied Distributors Limited, Don Climax Group, De United Foods

Senator Hope Uzodinma, Chairman of the Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, gave the warning at an investigative meeting with some of the firms on Wednesday in Abuja.

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

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

According to him, the CEOs are expected to cut short whatever engagement they had to honour the invitation in view of the magnitude of the investigation.

“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.

Addressing the firms who were present at the meeting, Uzodinma said they would be given documents arising from the investigation carried out by the committee to study and comply.

He said the documents specified the various forms of infractions carried out by each of the firms involved in the import and export value chain.

The Joint Committee on Customs, Excise and Tariff and Marine Transport had been mandated 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 2017.

The committee has so far met with all indicted commercial banks as well as government agencies and is currently meeting with the companies alleged to be involved in the corruption in the system.

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