ALLEGED N30tnFRAUD: Upon threat of arrest, Adenuga, 29 other CEOs appear before Senate

Globacom Chief Executive Officer, Wale Adenuga and 29 other CEOs have finally appeared before the Senator Hope Uzodinma-led Senate Joint Committee on Customs, Excise and Tariff; and Marine Transport, just days after the panel ordered for their arrest.

The Senate committee had last Friday said it had asked the Nigeria Police to arrest the 30 CEOs for their failure to honour a Senate summon to clear themselves in the alleged frauds amounting to N30 trillion in the export and import value chain of Nigeria.

The Senate committee had then lamented that of the 63 companies accused of complicity in the frauds amounting to N30 trillion revenue leakages in the export and import value chain of Nigeria, that only 33 of them honoured the panel’s invitation.

However, Uzodinma after meeting with some of the companies on Wednesday said all the summoned CEOs have finally appeared before the probe panel after the order for their arrest was issued.

Firms whose CEOs initially failed to appear before the Senate along with Globacom were those of Crown Flour Mills, British American Tobacco, CCECC, Dana Group, Olam International Limited, Hong Xing Steel Company Limited, Visafone, African Wire, Starcomms and Allied Limited, and Aarti Steel Nigeria Limited.

Read also: N30trn ALLEGED FRAUD: Senate fumes, orders arrest of Adenuga, 29 other CEO’s

Also included were Abyem-Diva International Limited, Gagasel International, FrieslandCapina WAMPO, Etco Nigeria, Edic Chemicals and Allied Distributors, De United Foods, Don Climax Group, Skill G Nigeria Limited, Premium Seafood, and La Rauf Nigeria Limited.

Others were Standard Metallurgical Company Limited, Kam Industries, IBG Investment Limited, Orazulike Trading Company Limited and Popular Foods Limited, A-Kelnal Integrated & Logistics Services, African Industries, African Tiles & Ceramics as well as ZTE Nigeria.
The Senate committee was set up by the Senate with the mandate to probe into an alleged over N30 trillion revenue leakages in the import and export value chain between 2006 and 2017.

 

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