Sealing of Nestle premises: NECA raises concern over the ease of doing business in Nigeria
Employers association, Nigeria Employers’ Consultative Association (NECA) has expressed its concerns over the recent sealing of the premises of Nestlé Nigeria PLC by officials of the National Lottery Regulatory Commission (NLRC).
NECA stated that this approach is counter-productive to the efforts to improve the ease of doing business in Nigeria and could roll back progress towards attracting further investments into the country.
Timothy Olawale, Director-General of NECA, told journalists that the Association rejects allegations in recent news reports that Nestlé Nigeria owes N65.1 million Naira to the NLRC as unpaid lottery fees. He stated that this matter is currently pending at the Court of Appeal and that the officials of the NLRC, fully aware of this situation, invaded the premises of Nestlé Nigeria accompanied by cameras, forced the management to sign an undertaking to pay the claimed sum within four days as a pre-condition for unsealing their premises.
“NLRC’s recent actions in sealing the premises of a company and forcing them to sign an undertaking to make payment in a matter pending in court raises concerns about the ease of doing business in Nigeria. The rule of law requires that parties in a court case should respect the rule of law and maintain status quo until the final determination by the court,” the DG said.
Contact us today for your events coverage, breaking news and advert placement; Email: espinewsng@gmail.com or call on 08032519246.
