Don’t Scare Investors from your State, Group warns Niger Gov

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A business and investment group- Access to Seamless  Business in Nigeria (ASBIN) has warned Niger State government to avoid activities that could erode investors’  appetite in the State.

Reacting to a warrant of arrest  issued by a Niger State High Court  against the directors of two Hydropower Plants operating in the state (North-South  Energy Limited and Mainstream Energy Solutions Limited)  and one other, for alleged tax evasion, the group said the use of thuggery and intimidation  by the state government in its  relationship with  investors would scare them and ultimately force them to take their businesses to more friendly states.

Executive Director of  ASBIN, Dr. Ogunloye Akanbi in a statement said it was absurd that the Niger State Government would demand ground rent from federal government enterprises situated in the state.

He said  investigations revealed that the Niger State Government has been demanding ground rent from the power companies in the state that were concessioned by the federal government, which he said is an aberration that ought not to be.

Dr. Akanbi  said available records indicate that the Niger State Government had commenced suits  at the Federal High Court in the state against the power companies, which were ongoing but “on noticing that it (Niger State)  has no claim, it rushed to the state high court to file a second suit”, an action he said, amounted to forum-jumping.

“In a bid to embarrass, harass and blackmail the companies into paying, the state government asked the state-friendly judge to issue  a bench warrant against the directors of the companies when the matter is still pending at the Federal High Court in the state,” he said.

Akanbi warned that if not checked, the thuggery and intimidation antics employed by the state government against investors in the state would scare them to look elsewhere against the desire by the federal government to woo investors into the country.

“Besides, Niger State is at present experiencing serious security challenges which concerted efforts must be made by the state government and other relevant stakeholders to make businesses in the state operate seamlessly to employ some of the idle hands that may be used for criminal activities,” he added.

It would be recalled that a Niger State High Court recently issued a bench warrant against directors of the power companies for allegedly failing to  appear in court in a case brought against them by the state revenue service.

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