Firms employing foreign nationals without Nigerians serving as their subordinates run the risk of a N3 million monthly fine, according to the Minister of the Interior.
He went on to declare that any company in the nation would be fined N3m if it failed to renew its expatriate quota or submit its expatriate monthly reporting.
The updated manual on expatriate quota administration contains these.
A three-year prison sentence, a N2 million fine, or both are imposed for falsifying information on either expatriate quota, according to the paper.
It partly read, “Some of the sanctions and penalties related to offences in expatriate quota are detailed below:
“Failure to renew expatriate quota within the stipulated time. This attracts a fine of N3m. Failure to engage Nigerian employees to understudy expatriate employees attracts a fine of N3m for each month that a position is occupied by an expatriate without another understudy. Submitting forged information in the monthly expatriate quota.
“The author of the information is liable on conviction to imprisonment for a term of three years or a fine of N2m or both and where a corporate body is found guilty in this offence, it is liable to a fine of N5m and the court may issue an order to wind up the body.”
