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Saturday, December 08, 2007

Siemens top officials in marathon meeting

High-level management meeting, on Thursday at the Siemens Nigeria headquarters in Lagos, went into a marathon session over its being blacklisted by the Federal Executive Council (FEC), penultimate Wednesday, on the 10m Euro scam.

Source close to the company informed that top management team have been meeting over the blacklisting by the government, which is of grave concern to them.

HANA recalls that FG after its weekly session in Abuja descended heavily on the multinational telecommunications equipment provider, blacklisting Siemens from all its official transactions.

In addition, Siemens was involved in over 12 million euro bribery scam allegedly in Nigeria and Russia, while estimated 10 million euro was expended on Nigerian government officials; mostly Ministers of Communications in the last eight years.

Confirming the marathon session by Siemens Nigeria top management team, the Head Corporate Communications at the telco, Mr. Olusegun Akinlabi, said although he could not comment on the official reaction of the company for now, but noted that meeting have been going on since morning till late afternoon.

“Actually, I don’t know what the management reactions would be, but meetings are going on right now,” he declared.

On when he thinks the official reaction would be made, Mr. Akinlabi said he did not know, but reassured that Siemens management in Nigeria “would react at the appropriate time.”

Siemens first made its imports in 1950s and established the first project for hydro power station, Kainji in 1964 and two years later, it established Siemens Resident Engineers Office in Lagos, even as Siemens Nigeria Limited was incorporated in 1970, while it was renamed Siemens Limited Nigeria in 1997 with stake of Siemens AG going up to 68 per cent as at year 2000.

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