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

The police has been ordered to arrest the chief executive officer of Globacom, Wale Adenuga, and 29 others over their refusal to honour Senate’s summons.

The Senate Joint Committee on Customs, Excise and Tarrif and Marine Transport, investigating the N30 trillion revenue loss in the import and export value chain, issued the arrest warrant on Friday.

The Senate had on Wednesday frowned that Globacom and 29 other firms failed to appear before its and had then ordered that they must appear before the committee on Thursday or face arrest.

After the company’s representatives failed to appear as instructed on Thursday, the Senate Committee led by Chief Hope Uzodinma, during the panel sitting on Friday, directed the Nigeria Police to arrest the 30 CEOs for their failure to honour its invitations to answer for their alleged complicity in the N30 trillion revenue loss.

To be arrested along Globacom are CEO’s 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.

Also to be arrested are 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 are 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.

Read also : N30TRN REVENUE LOSS: Senate orders firms to file defence in one week

The Senate panel had invited 63 firms involved in the alleged scam but said only 33 chief executives responded to its invitation.

Ostensibly unhappy over the develooment, Uzodinma said the last thing the 8th Senate would do, will be to tolerate anybody tampering with revenue source, especially Federal Government’s revenue.

The Committee was set up by the Senate with the mandate to probe into alleged over N30 trillion revenue leakages in the import and export value chain between 2006 and 2017.

 

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