N30trn Revenue Fraud: CEOs Of 30 Firms Honour Senate Invitation After Arrest Warrant

REVEALED! How 469 Nigerian Lawmakers Employ 2,570 Aides; With Some Earning N950,000/Month
The Chief Executive Officers (CEOs) of 30 companies, whose arrest warrants were issued for failing to honour invitations before the senate joint committee on customs, excise and tariff, and marine transport with respect to the N30 trillion revenue probe, have finally appeared before the committee.

Posted by Naijaxtreme

The CEOs are accused of complicity in the frauds amounting to N30tn in the export and import value chain between 2006 and 2017.

N30trn Probe: Senate Threatens To Arrest CEO Of Glo Mobile, 15 Other Companies

This disclosure was made by Hope Uzodinma, chairman of the committee on Wednesday after a meeting with some of the companies in Abuja.

He said all the CEOs honoured the committee’s invitation after the arrest warrant was issued.

He had previously said that out of 63 accused companies, only 33 firms had appeared before it.

Due to their refusal to appear, the senate committee, on Friday, directed the police to arrest the CEOs.

The companies involved include Crown Flour Mills, Glo Mobile, British American Tobacco, CCECC, Dana Group, Olam Int. Ltd., Hong Xing Steel Co. Ltd., Visafone, African Wire, Star Comments and Allied Ltd. and Aarti Steel Nig. Ltd.

Others are Abyem-Diva Int. Ltd., Gagasel Int., Friesland Capina, Etco Nig., Edic Chemicals and Allied Distributors, De United Foods, Don Climax Group, Skill G Nig. Ltd., Premium Seafood and La Rauf Nig. Ltd.

Also involved are Standard Metallurgical Co. Ltd., Kam Industries, IBG Investment Ltd., Orazulike Trading Co. Ltd., Popular Foods Ltd., A-Kelnal Integrated & Logistics Services, African Industries, African Tiles & Ceramics and ZTE Nigeria.


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