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NEPZA urges LADOL, Samsung to shun years of attacks on each other

NEPZA urges LADOL, Samsung to shun years of attacks on each other

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The Nigeria Export Processing Zones Authority (NEPZA) had advised the management of Samsung Heavy Industries Nigeria Limited (SHIN) and LADOL Free Trade zone to without delay shun the years of attacks on each other’s entity.
Prof, Adesoji Adesugba, the Managing Director of NEPZA gave the advice on Monday in Abuja following several unhealthy publications sponsored by the firms aimed at accusing each other of malfeasance.
Adesugba said both organizations should also be mindful of the fact that continuing in the offensive against each other while the issues in dispute were pending before a court of competent jurisdiction amounted to subjudice’’. The NEPZA boss, who expressed dissatisfaction over the worrisome situation, explained that the Authority would no longer condone such unpopular displays aimed at ridiculing the country’s free trade zone scheme. The managing director said it was incumbent on the management of the two firms to respect the country’s laws by waiting for the court to decide on the case and not to continue in thewashing of dirty linens’’ in public space.
Adesugba further said the Authority was only interested in an enabling business environment that promoted smooth operations in free zones corridors.
I am urging both parties to eschew bitterness by quietly exploiting the legal action you have instituted. For us in NEPZA, we believe that all the issues could be resolved using the alternative conflict resolution approach. We do not want to manage zones where operators and enterprises are always on each other’s throat. We rather prefer zones where operators and enterprises genuinely help in the country’s industrialization process and create jobs for our teeming youth population’’, the NEPZA Chief Executive said.

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