The Senate gave the companies who failed to appear before its committee a deadline of Thursday to honour the invitation or risk being arrested.
They include the CEOs of Glo Mobile, British American Tobacco Company, CCEC Nigeria Ltd, Dana Group, African Wire and Allied Ltd, Admiral Overseas Nigeria Ltd and Aarti Steel Nigeria Ltd.
Others are Gagsel International, Fries Land Capina, Etco Nigeria Ltd, Encounter Ltd, Edic Chemicals &Allied Distributors Ltd, Don Climax Group, De United Foods
The Chairman of the Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, Senator Hope Uzodinma, gave the warning on Wednesday at an investigative meeting with some of the firms in Abuja.
He insisted that the refusal of the firms to honour the invitation was a disrespect for the institution of the National Assembly and would not be tolerated saying of the 30 firms invited between Tuesday and Wednesday, only 14 honoured the invitation and appeared before the committee.
According to him, the CEOs are expected to cut short whatever engagement they have to honour the invitation in view of the magnitude of the investigation.
“It is only in Nigeria that the Senate will invite an entity for an interactive session, particularly in a case that bothers on investigation, financial mismanagement, infractions and the company will be complacent,” he said.
“The companies will not be willing to come or sometimes send junior officers.
“I have directed and we are working with security agencies, that any company that is invited and has something to explain and refuses to appear, we will issue a warrant for such persons to be arrested.
“We are giving them the final opportunity to appear and if they fail, we will issue a warrant.
“In this investigation we are working with the Nigeria Police Force. This is because we are using their facilities to process some of our data so that the information we will present to the public will be information with high integrity that will not be questioned by anybody.