House of Representatives Joint Committee investigating the arbitrary increase in cement prices has warned the management of Dangote Cement over arbitrary price hike of its product.
The committee threatened to arrest the company’s officials if they failed to appear at the next scheduled hearing in the House.
Officials of the cement company were absent at hearing on Tuesday.
The special panel, advocating for a reduction in cement prices, expressed alarm over the increasing prices and the significant hardship it has imposed on the citizens.
The lawmakers, therefore, directed the Cement Manufacturers Association of Nigeria(CMAN) and the Central Bank of Nigeria(CBN) to appear before the committee in the next two weeks.
The House said: “They want to over profit without any sense of empathy for the citizens that have given it this platform. I think it calls for a rethink of the position of the government.
“On the issue concerning Dangote, our approach is straightforward. While the law grants us necessary powers, we also have a duty of care. We will provide a deadline and communicate it accordingly.
“If the deadline is not met, we will issue a subpoena and authorize a warrant of arrest to ensure appearance before the National Assembly. No individual, regardless of stature, is above the parliament of their country. No Nigerian is superior to the National Assembly.”