• Contact Us
  • About Us
Tuesday, June 16, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Companies and Markets

Alleged importation of GM maize lands Olam Group in trouble

metro by metro
October 11, 2017
in Companies and Markets
0
0
SHARES
0
VIEWS

The House of Representatives on Wednesday resolved to investigate the alleged importation of seven ship-loads of Genetically Modified (GM) maize by Olam Group into the country.

This was sequel to a unanimous adoption of a motion by Rep. Kingsley Onwubuariri (Imo-PDP), at the plenary.

Read Also

NGX Group Advances ESG Agenda Through World Environment Day Cleanup Exercise

NBS Confirms Hardship as Food Prices Rise Again in April 2026, Deepens Consumer Misery

NGX Advances Investor Education Drive With Digital Retail Engagement Initiative

Onwubuariri said the agricultural revolution of President Muhammadu Buhari-led administration was geared toward ensuring sufficiency in food production.

He said Nigerians had heeded the call and had gone back to the farms, saying the result of which was an impressive harvest in maize, which had forced the price down.

The legislator recalled recent media reports calling on the Federal Government to probe the Nigeria Customs Service and other agencies at the Seaport over the alleged importation.

He said the importation of 70,000 tonnes of GM maize into the country without the knowledge and clearance of the National Bio-safety Management Agency calls for concern.

He said the development that could stifle the efforts of local farmers and aggravate the nation’s capital flight situation.

The lawmaker said more than half of the countries of the European Union, including Germany, France, Scotland, Italy, Austria, Greece, Poland and Belgium have either completely banned or had placed severe restrictions on consumption of GM products.

He said since the question of the safety and long term effects of genetically modified products had not been resolved in Nigeria, the importation of genetically modified maize could expose the citizens to future health hazards.

The house recommended that Olam Group be stopped from using the alleged imported maize pending the outcome of the investigation.

In his ruling, the Speaker of the House, Mr Yakubu Dogara, mandated the Committees on Agricultural Production and Services, and Customs and Excise, to investigate the matter.

He said that the committee should recommend appropriate measures to protect the nation from importation of such products in future, and report back within eight weeks for further legislative action.

Tags: Olam Group
Previous Post

NDLEA arrests 38 suspects, seizes 29.75 kg of illicit drugs

Next Post

North not afraid of restructuring – Tambuwal

Related Posts

Companies and Markets

NGX Group Advances ESG Agenda Through World Environment Day Cleanup Exercise

June 10, 2026
Amid Interest Rate Hike Regime, Subsidy Removal, Inflation Rises To 22.4%
Companies and Markets

NBS Confirms Hardship as Food Prices Rise Again in April 2026, Deepens Consumer Misery

June 3, 2026
Companies and Markets

NGX Advances Investor Education Drive With Digital Retail Engagement Initiative

May 18, 2026
Global Stocks Fall, Bonds Limp As Oil Nears $110
Companies and Markets

Global Stocks Fall, Bonds Limp As Oil Nears $110

May 18, 2026
Next Post

North not afraid of restructuring - Tambuwal

Court Declines To Stop Policy On Cash Withdrawal 

Court Orders FG To Register NANTS As New Varsity Workers’ Union

June 16, 2026
Court Rejects, Ex Kogi Governor,  Yahaya Bello’s Bid To Stop N110bn Fraud Trial

Court Rejects, Ex Kogi Governor,  Yahaya Bello’s Bid To Stop N110bn Fraud Trial

June 16, 2026
Sokoto Communities Taxed By Terrorists, Barred From Farms

Sokoto Communities Taxed By Terrorists, Barred From Farms

June 16, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version