N30trn Revenue Fraud: Senate Orders the Arrest of 30 CEOs

Hamilton Nwosa
Writer

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[PHOTOS] Turaki-Led Faction Assumes Office Amid Secretariat Clash 

By Abiola Olawale The newly elected factional National Chairman of the Peoples Democratic Party (PDP), Kabiru Tanimu Turaki, has assumed office at the Wadata Plaza National Secretariat in Abuja. ​Turaki, a former Minister of Special Duties and Inter-Governmental Affairs, was elected at a National Convention held in Ibadan last weekend. His ascension comes amidst a…

(PHOTOS) Turaki-Led Faction Assumes Office Amid Secretariat Clash

By Abiola Olawale The newly elected factional National Chairman of the Peoples Democratic Party (PDP), Kabiru Tanimu Turaki, has assumed office at the Wadata Plaza National Secretariat in Abuja. ​Turaki, a former Minister of Special Duties and Inter-Governmental Affairs, was elected at a National Convention held in Ibadan last weekend. His ascension comes amidst a…

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The Senate has ordered the arrest of the chief executive officers of 30 companies for allegedly failing to appear before it, the News Agency of Nigeria reports.

The companies include mobile giant, Globacom, and Crown Flour Mills.

A Senate committee, headed by Hope Uzodinma, had earlier invited the chief executives as part of its investigation into a ‘N30 trillion’ revenue scam allegedly perpetrated by the firms.

The Senate had on Wednesday threatened to issue the arrest warrants; but on Thursday, it said it was extending the appearance till next week.

The News Agency of Nigeria, however, reports that the order to arrest the chief executives was given on Friday.

Details later…

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