House Threatens to Arrest CEOs of MTN, Airtel and Others

In News 2020-03-19 16:33:39
House Threatens to Arrest CEOs of MTN, Airtel and Others
House Threatens to Arrest CEOs of MTN, Airtel and Others

By Eneh Okon

 

The House of Representatives has threatened to issue a warrant of arrest for the Chief Executive Officers of MTN, Globacom, Airtel and 12 other telecom companies over their failure to honour an investigative hearing by the Finance committee.

 

The House took the decision after a motion by the Chairman of the Finance Committee James Faleke.

 

Faleke while raising his motion noted the country recorded huge revenue leakages amounting to over N300 million as a result of tax evasion by corporations.

 

The Chairman explained further that the committee in furtherance with its objectives wrote to the CEOs of the corporations to produce documents which show evidence of payment of tax in compliance with the country’s laws, but they chose instead to head to court to get an order restraining the House from investigating them.

 

Speaker Femi Gbajabiamilla in his ruling said telecom companies are not above the law, and must honour parliamentary invitation. He however, appealed that a final invitation be issued and failure to honour that can then lead to the arrest.