Reps to probe Etisalat collapse, tariffs on sugar importation
The House of Representatives yesterday resolved to investigate the collapse of Etisalat Nigeria, now 9Mobile.
Debating a motion calling for the investigation, by Saheed Akinade-Fijabi (APC, Oyo), the lawmakers lamented the circumstances that led to the fall of the telecommunications firm, which commenced business in Nigeria in 2009 and its eventual takeover by the banks due to debts.
The Deputy Speaker, Yussuff Lasun, who presided, mandated the House Committee on Telecommunications to conduct the investigation and report back in eight weeks for further legislative action.
The House similarly resolved to set up an ad-hoc committee to investigate what it described as low concessionary tariffs granted by the Federal Ministry of Industry, Trade and Investment in 2013 to some companies for importation of sugar.
Considering a motion by Ehiozuwa Agbonayinma (PDP, Edo), members said it was inappropriate for the government to review the tariffs downwards against the five per cent duty and 70 per cent levy contained in the National Sugar Policy.
Agbonayinma informed that the National Sugar Development Council (NSDC) “had revealed that some companies had flouted the terms and conditions for obtaining a three -year low tariff running into hundreds of billions of Naira for sugar importation into the country.”
No comments yet