The executive secretary of the Nigerian Investment Promotion Commission (NIPC), Ms. Saratu Umar has refused to speak on the sundry allegations levelled against
“This threat of physical assault and threat to life is the climax of the executive secretary’s threats to sack staff, actual punitive postings and general harassment, insults and maltreatment of directors and members of staff of the commission.
“The discovered racketeering, misapplying of the provision, undetailed and other underhand practices in the process of approval of the PSI by the cult-like actors in the process which obviously is inimical to the economy of the nation informed the ES/CEO to stall the process while rejiggling the process for better transparent and professional approach to the process,” Mustapha said in a petition to the minister of trade and investment, adding that “this is not palatable to the racketeers who...
NIPC uses the information to capture /track announced investment in various sectors of the economy. The information is used to track global investment information and provide informed guidance to investors. It is also used to produce Reports of Investment Announcements to show areas of investment interest in Nigeria.
On assumption of office in July last year, the executive secretary met PSI applications that were ready for consideration by management which was submitted to her for necessary action. She failed to act on them till the time of filing this report. According to the rules of the agency, staff cannot be paid more than N200,000 as advance for anything.
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