Business
IOCs’ Relocation: Reps Threaten To Arrest Firms’ CEOs
The Chairman House of Representatives Ad-hoc Committee investigating the planned relocation of major oil companies from Port Harcourt, Ibrahim Isiaka says the Chief Executive Officers of Shell Petroleum Development Company, (SPDC), INTEL, Nigeria National Petroleum Corporation and other oil multinationals, risk being arrested if they continued to shun invitation to appear before the committee.
Isiaka made the threat when the committee waited last week without the officers coming to represent their companies.
He regretted that the affected recalcitrant oil companies had to test the committee’s patience knowing that the committee did not have all the time in the world to carry out the investigation.
Isiaka, noted that the continuous refusal seemed to be a statement to undermine the investigation.
He, however, warned that the committee would not hesitate to invoke relevant constitutional provisions to force the appearance of any CEOs that failed to honour the invitation for a rescheduled meeting slated for 24th May.
The committee’s chairman warned the affected CEOs not to tempt the committee as it would not be deterred in its reconciliatory efforts aimed at getting to the root of the matter.
The committee asked SPDC to submit details of all its moveable and immovable assets in Port Harcourt between December 2016 and 2017 before the rescheduled meeting.
It would be recalled that the House had constituted an ad-Hoc committee to carry out the investigation following reports of a planned move to relocate the offices of SPDC from Port Harcourt.
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