Multi-billion dollar Japanese Company Seeks ICPC’s Advice on Investment in Nigeria

A Japanese conglomerate, Mitsui Company Limited, has asked for the advice of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) regarding Nigerian laws and other security matters as it seeks reinvestment in Nigeria.

General Manager, African Strategy and Promotion Department, Mitsui, Mr. Shusaku Okamura, who led top management of the company to ICPC, said that the visit was meant to help the company invest appropriately in Nigeria without running foul of the laws of the land.

Mr. Okamura told ICPC that Mitsui was in Nigeria until 2006 before closing down its operations in the country due to some harsh business environment, but now sought to return to the country to take advantage of the economic policies of the present administration and investment opportunities that abound in the country.

ICPC Chairman, Mr. Ekpo Nta, at the meeting expressed the readiness of the Commission to partner with Mitsui, noting that ICPC adheres strictly to ethics and compliance, and as such would support the company by carrying out diligent checks to ensure strict compliance with Nigerian investment laws.

He promised to conduct a workshop to help the company identify relevant laws and avoid possible infractions as well as initiate Mutual Legal Assistance (MLA) to assist businesses requiring such intervention from the Commission.

Mitsui with total assets of $96.6 billion, already have offices in Accra Ghana, Casablanca, Nairobi, Cairo, Johannesburg and a host of other countries around the world, with about over 43, 611 employees.

The company is into machinery and infrastructure, energy, chemicals, metals, lifestyle and corporate development.

 

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