{"id":42380,"date":"2022-05-12T14:39:52","date_gmt":"2022-05-12T14:39:52","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=42380"},"modified":"2022-05-12T14:39:57","modified_gmt":"2022-05-12T14:39:57","slug":"neza-didnt-recover-n17bn","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/neza-didnt-recover-n17bn\/","title":{"rendered":"NEZA didn\u2019t recover N17bn &nbsp;"},"content":{"rendered":"<p>The Nigerian Economic Zones Association (NEZA), has described as \u2018falsehood mixed with ignorance\u2019, reports making over purported recovered N17billion from companies operating in the zones. &nbsp;<\/p>\n\n\n\n<p>The umbrella body for investors and enterprises operating within the country\u2019s free trade zones, described the reports as \u201ca blatant misrepresentation of facts\u201d. &nbsp;<\/p>\n\n\n\n<p>The Executive Secretary of the Nigeria Economic Zones Association, Toyin Elegbede in Abuja said, \u201cThere was no recovery of any such amount from its members as claimed by the lawmaker. &nbsp;<\/p>\n\n\n\n<p>He stated that the committee chairman must have been either misinformed or engaged in deliberate twisting of facts to suit a purpose its members are yet to be aware of. &nbsp;<\/p>\n\n\n\n<p>\u201cFrom all available facts, the money the committee chairman referred to must have been a mix up of the N15 billion allocated to a company incorporated by the Federal Ministry of Industry, Trade &amp; Investment under the former Minister, Okechukwu Enelamah. &nbsp;<\/p>\n\n\n\n<p>\u201cThe said money has nothing to do with loss of revenue. Our members submit yearly audited reports to the regulators, NEPZA and OGFZA, which review or query such reports,\u201dElegbede said. &nbsp;<\/p>\n\n\n\n<p>He also faulted the committee chairman for questioning the relationship between the operators of the free zones and companies operating under them during the committee\u2019s interaction with the Acting MD of Dangote Industries FZ, adding \u201cwe think the committee chairman is misrepresenting what the law says on how economic zones should operate.\u201d &nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/guardian.ng\/business-services\/association-denies-n17b-revenue-recovery-from-free-zone-companies\/\">More=Guardian=<\/a> \u00a0<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-42380\" data-postid=\"42380\" class=\"themify_builder_content themify_builder_content-42380 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Economic Zones Association (NEZA), has described as \u2018falsehood mixed with ignorance\u2019, reports making over purported recovered N17billion from companies operating in the zones. &nbsp; The umbrella body for investors and enterprises operating within the country\u2019s free trade zones, described the reports as \u201ca blatant misrepresentation of facts\u201d. &nbsp; The Executive Secretary of the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":42381,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134],"tags":[1365],"class_list":["post-42380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-free-trade-zone","tag-neza","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NEZA didn\u2019t recover N17bn &nbsp; - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/neza-didnt-recover-n17bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEZA didn\u2019t recover N17bn &nbsp; 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