Wabote: No Local Content Defaulter will be spared

The Nigerian Content Development and Monitoring Board (NCDMB) will sanction local and international companies that flout the local content law, its Executive Secretary, Mr. Simbi Wabote, have warned.

Wabote, who gave the warning in an exclusive interview with THISDAY wednesday in Lagos, said there would be no sacred cows in the implementation of the local content law as well as sanctions against defaulters, insisting that any company, contractor or operator that contravenes the law, would be sanctioned accordingly.

He said, “In implementing the act, there is no doubt that there will be people who deliberately want to circumvent the process, who try to flout the law and do what is not right. We have a very robust monitoring outfit, when we discover such, we sanction them and we ask them to restitute for what they have done. So a lot of companies- local and international companies, contractors and operators, have been sanctioned for flouting the local content law and it is an ongoing thing.”

Wabote told THISDAY, “The IOCs have been very supportive of the local companies that do business with them. The local companies have challenges in dealing with indigenous producers. The indigenous companies are the biggest culprits in terms of circumventing the Act. But the IOCs, in compliance with the local content act, support the local companies.

THISDAY, December 13, 2018

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