House of Reps – Shipping World News Magazine

Dec142017 by Our EditorNo Comments

President Buhari Authorized NNPC to Hide N50b from TSA Account “

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 ...

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 ...

House Members Want NPA-INTELS Pilotage Monitoring Imbroglio Probed

Business, Politics, Port News

Members of the House of Representatives Wednesday called for a probe of the current face-off between the Nigerian Ports Authority (NPA) and Intels Nigeria Limited leading to the termination of the Pilotage Monitoring Agreement with the oil and gas giant. A motion for the investigation of the matter was moved by Diri Douye (PDP, Bayelsa) who drew the attention of the House that the matter was of urgent national importance. Douye had told the House that the probe had become necessary since Intels had carried out logistics operatrions in Apapa, Onne and Warri ports for 17 years, adding that it was surprising that its contract on pilotage monitoring agreement could be terminated considering that the contract runs for 25 years. Besides, he argued that the termination could lead to mass sack ...