The Chairman of the North West Caucus in the House of Representatives, Hon. Sada Soli, has condemned the recent invasion of the operatives of the Economic and Financial Crimes Commission (EFCC) on the Dangote Industries in Lagos saying it is “A threat to foreign and domestic investment”.
Hon Sada, who is the chairman of the House committee on water resources made the condemnation in a statement he released in Abuja.
The Lawmaker urged President Bola Tinubu and all well-meaning Nigerians, to intervene in the matter of preferential foreign exchange allocations and ensure that decorum is employed to avoid any implosion.
He said “As a concerned citizen and a member of parliament, my foremost concern is that this country remains stable, progressive and united and when actions which are capable of causing disharmony are taken, I have a sworn duty to speak out and express an opinion.
“I write to express concern over the recent invasion of the premises of the Dangote Industries Limited in Ikoyi, Lagos, by operatives of the anti graft agency, ostensibly to collect documents relating to alleged abuse of foreign exchange allocations during the nine-year tenure of the immediate past governor of the Central Bank of Nigeria, Godwin Emefiele.
“There is the added concern that some fifty other companies, some of them the biggest private businesses in the country, including BUA Group and Flour Mills, TGI and Wale Tinubu’s Oando PLC, among sundry others, all of whom have denied wrongdoing, are being probed for details of the forex allocations to them between 2014 and June 2023 following the report of the Special Investigator on the CBN and Related Entities, Jim Obazee.
Soli stated that though the anti-graft agency is within its rights to undertake such a probe, or that it has done a very good job of ridding the nation of economic saboteurs in the past, it is nonetheless necessary to point out that the way the agency had gone about this probe, is both counter productive and capable of sending the wrong signals.
He observed that as the government recalibrate the fiscal and monetary policies of the nation in order to attract investors and stave off recession, the harassment of the key contributors to the GDP and biggest taxpayers whose businesses help deepen the growth of the economy, promote self-reliance in the production of local products and provide employment and income for millions of Nigerians, is worrisome.
The Lawmaker observed that it is better to conduct forensic investigations through careful, rigorous effort and diligent prosecution.