June 25, 2024

The House of Representatives Committee on Corporate Social Responsibility (SCR) has resolved to sanction MTN, Airtel, and other companies for failing to perform their Corporate Social Responsibilities.

The committee said that it would enact laws to sanction any offenders in that regard.

Rep. Oby Orogbu, the Chairman of the Committee on Corporate Social Responsibility, said this during a public hearing in Abuja on Tuesday on “a Bill to regulate corporate social responsibility in Nigeria.

She, however, gave MTN and Airtel the last warning to honour the committee’s invitation or face the arrest warrant.

According to Orogbu, some companies operating in the country have overtime violated the law, hence the need for punishment to be imposed on them.

She also frowned at the conduct of the National Communications Commission, MTN and Airtel, adding that they had several times ignored the invitation of the Committee.

She said that the committee had no choice but to invoke its powers by issuing a warrant of arrest.

“Section 89, 8 of the Constitution mandates individual companies as invited to make themselves available to parliament, but they break the law.

“I want to tell MTN and Airtel that they take so much from our nation and they feel too big to appear before the parliament; we will not tolerate that.

“We gave them the powers to operate in Nigeria, so to refuse to honor the invitation of the parliament is a no-no; we take exception to it.

“I have taken all friendly measures to make them understand the need to appear before the parliament, but they have refused.”

“If you feel you are responsible, then you should appear before the parliament. We want you to be responsible and accountable,” she said.

She said that in spite of operating from across the country, they had disrespected the same nation by not honoring the House invitation.

Mr. Wondi Ndanusa, who spoke on behalf of the Governor of the Central Bank of Nigeria, said that the CBN is in support of the bill.

He expressed concern about the proposed penalty of imprisonment for defaulting companies, stating that the penalty should rather be persuasive.

He also said that many companies were faced with a lot of financial burdens and responsibilities, adding that the proposed SCR should be domiciled with the Corporate Affairs Commission.

Mr Bala Wuoir, the representative of the Oil Producers Trade Section, expressed concern that the PIA already mandates oil companies operating in Nigeria to make a financial contribution of three per cent of their profits to NDDC.
He said that mandating them do so again would be burdensome, adding that oil companies should be exempted from the bill.(NAN)