- The Senate has ordered the arrest of 30 Chief Executive Officers of companies in Nigeria
- The CEOs are reportedly involved in a revenue scam totaling about N30 trillion
- The arrest was ordered after the CEOs refused to honour an invitation by the Senate
The Senate on Friday, August 4, ordered the Nigeria Police Force to arrest Chief Executive Officers (CEO) of 30 companies allegedly involved in revenue scam.
63 firms were accused of being involved in a revenue scam of about N30 trillion and were invited by the Senate but only 33 honoured the invitation.
The Chairman of the Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, Sen. Hope Uzodinma, described the refusal of the other CEOs to honour the invite as a disrespect to the National Assembly and ordered their arrest.
Below are the names of the firms of CEOs to be arrested:
1. Crown Flour Mills
2. Glo Mobile
3. British American Tobacco
4. CCECC
5. Dana Group
6. Olam Int. Ltd
7. Hong Xing Steel Co. Ltd
8. Visafone
9. African Wire
10. Star comments and Allied Ltd
11. Aarti Steel Nig. Ltd.
12. Abyem-Diva Int. Ltd
13. Gagasel Int.
14. Friesland Capina
15. Etco Nig.
16 Edic Chemicals and Allied Distributors
17 De United Foods
18. Don Climax Group
19. Skill G NIG Ltd
20. Premium Seafood
21. La Rauf Nig.Ltd.
22. Standard Metallurgical Co. Ltd
23. Kam Industries
24. IBG Investment Ltd.
25. Orazulike Trading Co. Ltd
26. Popular Foods Ltd
27. A-Kelnal Integrated & Logistics Services
28. African Industries,
29. African Tiles and Cermaics
30. ZTE Nigeria
Meanwhile, 24repoters.com earlier reported that the Senate ordered that the Nigeria’s revenue sharing formula be reviewed in order to give states and local government areas greater share than what they get in the current formula.
According to the Senate, the current sharing formula is unconstitutional.
The Senate made this order because Nigeria’s revenue sharing formula gives more to the federal government.
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