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Category: Maritime

Business Economy Maritime

Intels threatens NPA over termination of its multi-billion naira contract

Iheanyi Ejiofor October 16, 2017 headline

— vows to challenge termination in court —to cancel the $2.6billion Badagry deep seaport investment —NPA says decision is final Funso Olojo || The Nigerian Ports Authority(NPA)  and its long…

Read More Intels threatens NPA over termination of its multi-billion naira contract
Economy Maritime

Customs takes on Turkey over spate of arm imports —as Ali meets Turkish Ambassador today

Iheanyi Ejiofor September 22, 2017

The Comptroller-General of Customs, Col.(rtd.) Hameed Ali, is billed to meet with the Turkish Ambassador to Nigeria today over the spate of arms imports which have been traced to the…

Read More Customs takes on Turkey over spate of arm imports —as Ali meets Turkish Ambassador today
Economy Maritime

Stakeholder blames loose inspection regime for proliferation of arms imports

Iheanyi Ejiofor September 15, 2017

Funso Olojo || A maritime expert, Lucky Amiwero, has decried the destination inspection regime of cargo inspection as the cause of the proliferation of arms imports into the country. It…

Read More Stakeholder blames loose inspection regime for proliferation of arms imports
Economy Maritime

Deceit, uncertainty dogged disbursement of Cabotage Funds —as NIMASA claims $100m accruals trapped in CBN vault.

Iheanyi Ejiofor September 8, 2017

By Funso Olojo High level of official deceit, controversies and uncertainty have continued to stall the disbursement of the Cabotage Vessel Financing Funds(CVFF) 13 years after it came on stream…

Read More Deceit, uncertainty dogged disbursement of Cabotage Funds —as NIMASA claims $100m accruals trapped in CBN vault.
Economy Maritime

How NPA was gang-raped to the tune of N111trillion by its joint venture partners in 12 years

Iheanyi Ejiofor August 31, 2017 headline

The Nigerian ports Authority (NPA) is profusely bleeding from the laceration and bruises it sustained from the vicious but serial looting of its treasury by its joint ventures partners. Ironically,…

Read More How NPA was gang-raped to the tune of N111trillion by its joint venture partners in 12 years

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