nepza

FG Clears Air On ₦14b Transferred From NEPZA

November 5, 2019 4:28 am

Minister blames predecessor for confusion

The Minister of Industry, Trade and Investment, Niyi Adebayo, has cleared the air on the suspicious ₦14 billion transferred to the Nigeria Special Economic Zones Company (NSEZCO) from the accounts of the Nigeria Export Processing Zones Authority (NEPZA).At the investigative hearing conducted by the Senate Committee on Appropriation, Adebayo said the transaction was in order, insisting that NSEZCO was not a private firm, but wholly owned by the Federal Government.He, however, faulted the procedure adopted by his predecessor, Okechukwu Enelama, in registering NSEZCO, saying the process created confusion, which made many Nigerians believe that it

…