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Tag: Cabotage Vessel Financing Fraud (CVFF)

NIMASA SECURES APPROVAL FOR DISBURSEMENT OF CVFF.

NIMASA SECURES APPROVAL FOR DISBURSEMENT OF CVFF.

Maritime, News Feature, Port News, Press Release
After almost 13 years of an endless wait, the Nigerian Maritime Administration and Safety Agency  says it has finally secured approval for the disbursement of the controversial Cabotage Vessel Financing Fund. The Agency's helmsman,  Dr Bashir Jamoh  who broke the good news at a meeting with Shipowners in Lagos  said details for the disbursement  were being worked out. Dr Jamoh also announced that the December  2020 deadline for Single-hull Tanker Ban would not be extended. Bashir jamoh The Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Jamoh said,  remains steadfast in its decision to stop the use of single-hull tankers by December 31 this year. On the CVFF,  he said  the final details of the scheme were being worked out before commence...