Breaking News – Page 19 – Shipping World News Magazine

Dec172017 by Our EditorNo Comments

Research is a catalyst for development – Dakuku

Breaking News, Business, Maritime, News Feature

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that the Agency is ready to partner with the Defence Research and Development Bureau for the growth of the Nigerian maritime sector adding that research is a catalyst to attain sustainable development. Dr Peterside who stated this when the Director General of the Defence Research and Development Bureau, Air Vice Marshall (AVM) Jomo Osahor led his team on a courtesy visit to NIMASA in Lagos noted that what makes a great organization is the ability to initiate new processes based on detailed research, which will in turn guarantee sustainable growth with a positive multiplier effect on the nation. Speaking further, the NIMASA DG reemphasized the need to develop indigenous...

Dec142017 by Our EditorNo Comments

President Buhari Authorized NNPC to Hide N50b from TSA Account “

Breaking News, Business

The House of Representatives on Tuesday raised questions over a “purported” presidential approval withholding some special Nigerian National Petroleum Corporation accounts from being transferred to the Treasury Single Account. The accounts, with funds worth N50bn, are still being kept by commercial banks in breach of the TSA policy, which provides that all accounts belonging to Ministries, Departments and Agencies of government should be transferred to the TSA. The TSA, a centralised Federal Government revenue account, is kept by the Central Bank of Nigeria. A Nigerian firm, SystemSpecs, provides the Remita electronic platform for running the TSA, saving the Federal Government revenue that could, ordinarily, have been lost. An ad hoc committee of the...

Dec142017 by Asu BeksNo Comments

I Will Turn Around The Fortunes of MAN Oron In 365 Days – Rector

Breaking News, Education, Maritime

Newly appointed Rector of the Maritime Academy of Nigeria, Commodore Emma Daju Effedua retd has promised to return the institution to its glorious past as one the most admired and respected maritime academy in the west and central African sub region. Commodore Effedua who made the pledge Wednesday in Oron when he hosted members of the House Committee of Maritime Administration and Education said, "I am here to change the narrative where cadets of the Academy are regarded as half baked and unemployable" He added that, " When this Academy was established 40 years ago it was the the pride of the African continent. It was established at the same time countries like South Africa, Ghana and Egypt also came up with their maritime academies but 40 years down the line, we are hundreds of pole...

Dec112017 by Asu BeksNo Comments

EFCC Cannot Investigate Or Prosecute Judges – Appeal Court

Breaking News, Law

Court of Appeal just delivered a well researched judgment, which they anchored on the separation of power between the three arms of government in the matter Hon. Justice Ngajiwa vs. FRN. They said EFCC does not have power to investigate and prosecute serving judicial officers without first being dismissed by NJC That serving judicial officers can only be prosecuted for offences like murder, stealing etc done outside the discharge of their duties. That once the offence was committed in the discharge of their duties, they must be tried by NJC first and dismissed before EFCC can investigate or prosecute them. The implication of this ruling is far reaching. It means that cases of Fishim, Ajumogobia will be thrown out by the trial court. The judiciary tactically used this judgment t...

Dec102017 by Our EditorNo Comments

$100 billion Ship building Fund: Ship Owners may drag Amaechi before Buhari

Breaking News, Business, Maritime, Opinion

The Nigerian Ship Owners Association (NSOA) is set to drag the Transportation Minister, Rotimi Amaechi, before President Muhammad Buhari over the refusal of the Nigerian Maritime Administration & Safety Agency (NIMASA) to commence the disbursement of the Cabotage Vessel Financing Fund (CVFF). The end of year dinner of the NSOA last week in Lagos almost degenerated into a brawl when Engr. Greg Ogbeifun challenged the minister to show them where he derived his powers to hold back the CVFF. The funds are about $100 billion. At the dinner, Amaechi had boasted that as long as he remained the minister of transportation, not one Kobo of the CVFF would be disbursed. The CVFF currently domiciled in NIMASA has become an issue of controversy as successive managements in the agency have fail...

Dec92017 by Our EditorNo Comments

Amaechi, Ship Owners Fight Dirty over N100b Vessel Financing Fund

Breaking News, Business, Maritime

The Minister of Transportation, Rotimi Amaechi on Thursday announced that he will not disburse the Cabotage Vessel Financing Fund (CVFF), dashing the hopes and expectation of indigenous ship owners, who have been waiting for the disbursement of the fund for more than a decade. This is even as the ship owners demanded the sack of Dakuku Peterside as Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) for his incompetence in running the affairs of the agency. Amaechi told a gathering of ship owners and key stakeholders who converged at a workshop and dinner organized by the Ship Owners Association of Nigeria (SOAN) that as long as he remains the minister, the fund will not be disbursed. The CVFF which currently stands at over $100billion was created solely t...

Dec72017 by Our EditorNo Comments

NIMASA NSDP: UK University Graduates 59 Nigerian Cadets

Breaking News, Education, Maritime

…As four Bag First Class Honours, Dakuku Hails Capacity Growth The Capacity Building initiative of the Nigerian Maritime Administration and Safety Agency (NIMASA) through the Nigerian Seafarers Development Programme (NSDP) has again received another boost as 59 of the beneficiaries have graduated from the Liverpool John Moores University, United Kingdom. This brings it to a total number of 1,343 graduates of the scheme since its inception from the various institutions in United Kingdom, Egypt, Romania and Philippines. At the graduation ceremony which held in the United Kingdom recently, 4 of the students graduated with a 1st Class, while 36 of them had 2nd Class (Division 1) degrees and others graduated with various grades. Speaking on this development, the Director General of the Nige...

Dec72017 by Our EditorNo Comments

It’s time to focus on governance and stop blaming Jonathan — Amaechi

Breaking News, Business

The Minister of Transport, Rotimi Amaechi, has admonished his colleagues in the Muhammadu Buhari administration to stop blaming former President Goodluck Jonathan. Mr. Amaechi said it is time for administration officials to concentrate on delivering good policies to the citizens rather than dragging the former president for Nigeria’s woes. “I agree with those who said we should stop criticising the last government and that we should do our own,” The Nation newspaper quoted Mr. Amaechi as saying during a meeting at his office Tuesday. The minister decried Nigeria’s infrastructure deficit, drawing a comparison with other relatively new countries like Singapore. “We need to leverage on what we know. People are shouting intermodal transport; I went to the new airport in Singapore a...

Dec62017 by Asu BeksNo Comments

Customs Burst Another Car Smuggling Syndicate, Seize 64 Bulletproof SUVs

Breaking News

Anti-smuggling operations of the Federal Operations Unit (FOU) of the Nigeria Customs Service (NSC), Ikeja, Lagos, rose to a crescendo in the month of November when the unit intercepted contraband goods worth N2.5billion. The smuggled items include 64 assorted vehicles of two bullet-proof Lexus Jeep, one bullet proof Toyota Land Cruiser, nine Toyota Hilux, eight Toyota Hilux buses, 26 Toyota Corolla, nine Land Cruiser Jeep. Others include five Toyota Camry, one Land Rover, one Nissan Sentra, one Pajero Jeep, one Sienna 2015 model and one Lexus RX 350. The seizures, all 2017 models, were intercepted through intelligence and have a combined Duty Paid Value of N1.4 billion. According to the Customs Area Controller, Mohammed U. G, who stated this at a Press Briefing, 57 of the vehicles ...

Dec42017 by Asu BeksNo Comments

Onne Port Without INTELS : Is this an omelette without eggs?

Breaking News, Opinion

About twenty years, a handful of colleagues and I went on a visit to a mass of virgin swamp at Onne. We were taken on that visit by Engineer Wali Ahmed who remains in history as the best MD the Nigerian Ports Authority ever had . The visit was a follow up to an MoU the NPA had entered into with NICOTES Nig Ltd on a Build , Operate and Transfer (BOT) basis. It was a mass of very difficult terrain isolated by ponds. We had to park our buses several meters away to enable us access the land by foot. My colleagues and I wondered why any right-thinking businessman would take such a risk in ploughing his hard earned resources in a venture which to many of us did not look realistic. But these officials looked optimistic as they took time to explain the great potential this virgin forest had in sto...