Wednesday, February 1Nigeria's Authoritative Maritime News Magazine
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Tag: OGFZA

16 Companies In INTELS-Operated Free Trade Zone Deregistered

16 Companies In INTELS-Operated Free Trade Zone Deregistered

Business, Law, Maritime
The Oil and Gas Free Trade Zones Authority (OGFZA) has deregistered a total of 16 companies operating in the zones under the concession of INTELS Nigeria Limited, the company whose contract for ship pilotage was recently revoked by the federal government. However, the companies are said to have voluntarily applied to withdraw from the trade zones following the lull in business activities even before the face-off between the federal government and Intels. According to the OGFZA, the application for de-registration between March and April 2017, saying that the current feud has no connection with the exit of the affiliate OGFZA maintained that companies under the zone indicated interest to leave due to lull of economic activities in Nigeria and the authority is currently engaging INT...
INTELS in fresh crises with OGFZA

INTELS in fresh crises with OGFZA

Business, Law, Port News
Oil and gas logistics giant and port concessionaire, INTELS Nigeria Limited (INL), is in fresh trouble as the Oil and Gas Free Zones Authority (OGFZA) has ordered a comprehensive audit of a decade of its operations (2006-2016).The development came as INTELS, a company largely owned by former Vice President Atiku Abubakar, began to feel relief from a similar rift with the Nigerian Ports Authority (NPA). OGFZA, in a letter to the Managing Director of INTELS, Simone Volpi, obtained by Our Correspondent yesterday, said it had appointed a team of auditors to carry out the compliance audit of the embattled firm, a concessionaire of NPA, over alleged “serial violation” of the laws and regulations governing operations in the free zone. The Managing Director of OGFZA, Umana Okon Umana, said t...