Wednesday, March 4Nigeria's Authoritative Maritime News Magazine
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Author: Asu Beks

President Buhari Authorized NNPC to Hide N50b from TSA Account “

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...
The Agony of Seafarers

The Agony of Seafarers

Opinion
by Egodor Cementina The Nigerian Maritime Administration and Safety Agency (NIMASA) was established with the major responsibility of developing indigenous capacity for shippers, training, certification and welfare of seafarers. Specifically, the agency was created, among others, to provide regulations that are related to Nigerian Shipping, Maritime Labour, Safety and Security in our waters. NIMASA, as the apex maritime agency, has failed in almost all of its duties from the administration of the activities to the clearance and security of the seafarers. Stakeholder's have had cause to lampoon the Apex Maritime Regulatory Agency over its handling of issues concerning seafarers. Recently the Nigerian Merchant Navy and Water Transport Senior Officers accused the agency of tardine...
I Will Turn Around The Fortunes of MAN Oron In 365 Days – Rector

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...
EFCC Cannot Investigate Or Prosecute Judges – Appeal Court

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...
Full Text of Engr. Ogbeifun’s Address At Shipowners Dinner Night

Full Text of Engr. Ogbeifun’s Address At Shipowners Dinner Night

Business, Maritime
OPENING ADDRESS BY MR. GREG OGBEIFUN PRESIDENT, SHIPOWNERS ASSOCIATION OF NIGERIA (SOAN) ON THE OCCASION OF THE ALL SHIPOWNERS WORKSHOP AND DINNER PROTOCOL- RECOGNITIONS The events at the recent International Maritime Organization (IMO) elections into Category C of the Council where Nigeria lost and actually came second to the last position underscores the importance and urgency of the theme of this end of year Workshop and Dinner “Giving a Critical Lifeline to the Nigerian Maritime Industry”. Our performance at that election has dealt a hard blow on our psyche as a maritime nation. The world has told us that our maritime domain is sick and almost moribund, that we are not a maritime nation that can be relied on for maritime trade, maritime security, maritime infrastructure or ...
$100 billion Ship building Fund: Ship Owners may drag Amaechi before Buhari

$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...
What Buhari must do to help himself

What Buhari must do to help himself

Opinion
By Dele Sobowale He, who speaks without modesty, will find it difficult to make his words good.” Confucius, 551-479BC, Chinese philosopher. …. He also runs the risk of making a mockery of himself.  He was, and self-advertised, as a man who would come into office to fight corruption and deal with anyone found to be corrupt without fear or favour. On that promise, millions of Nigerians campaigned and voted for him. I did in 2011, when Lai Mohammed, his current Minister of Information was still a spokesman for a defunct political party called ACN. In the months leading to the 2011 elections, Lai was the arrowhead of Buhari’s adversaries who told us that the man was “too old” (among other deficiencies they alleged) to lead Nigerians. Four years after, the same Lai, the spokesman of th...
Amaechi, Ship Owners Fight Dirty over N100b Vessel  Financing Fund

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...
NIMASA NSDP: UK University Graduates 59 Nigerian Cadets

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...