Hon. Femi Bamisile has on Thursday called on Federal Government to ensure relevant Government agencies track activities of companies in the private sector, as well as those that are foreign based but operating in Nigeria, in order to ensure they do not contradict governing socio-economic Laws.
Hon. Bamisile in leading the debate stressed the need for proper tracking of the activities of these companies in order to ensure that the people and Government of Nigeria are not subjected to losses and compromised through fraudulent trade practices.
He commended the efforts of the relevant agencies in handling these tracking, but called for more collaboration as well as the use of more sophisticated methods to achieve this.
Hon. Bamisile expressed worry that if this issue is not addressed firmly, Nigeria will keep losing scarce funds and foreign exchange to unscrupulous elements.
He called for the setting up of a special investigative Committee to investigate and recover looted resources.
The Lawmaker also called for a more sophisticated system for tracking these activities of companies to ensure further breaches are halted.
The motion was voted on, adopted and referred to the Special Committee to be Chaired by Hon. Abubakar Yalleman.
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