Wednesday, June 19Nigeria's Authoritative Maritime News Magazine
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Tag: Stakeholders

Stakeholders Oppose Amendment to NIMASA Act Seeking 1% Contribution to Navy

Stakeholders Oppose Amendment to NIMASA Act Seeking 1% Contribution to Navy

Breaking News, Law, Maritime
Stakeholders in the Nigerian maritime industry have opposed moves by the Nigerian Navy seeking amendment to the Nigerian Maritime Administration and Safety (NIMASA) Act to contribute 1% of its revenue to the Nigerian Navy. The move was condemned by industry players during a One-Day Public Hearing on “A bill for an Act to Amend the Nigerian Maritime Administration and Safety Agency Act, No. 17 2017 to increase the functions of the Agency; and for related matters (HB; 1131 & 1178), before the House of Representative Committee on Maritime Safety, Education and Administration. Speaking at the event, the President, African Ship owners Association and a former Director General of NIMASA, Mr. Temisan Omatseye pointed out clearly that it will be against all international conventions of t...
INTELS collected naira bills in dollars— Stakeholders

INTELS collected naira bills in dollars— Stakeholders

Business, Law, Politics, Port News
As Nigerians await patiently for the outcome of the lucrative boat pilotage contract which INTELS monopolized for almost two decades, more facts have emerged on how the Logistics giants fraudulently ripped off Nigerian importers. Chief Reginald Amadi ,the Spokesman for the Edo/ Delta chapter if the Association of Nigeria Licensed Customs Agents revealed that was wrong for INTELS to collect dollar payments for local transactions. He said , " I think INTELS got into trouble because they went beyond the brief of the agreement, they took things for granted. I think NPA just found out that INTELS was deviating from its obligations and decided to wield the big stick', he said. Chief Amadi said it was not true that 11,000 jobs would be lost if INTELS lost the contract insisting there were o...
Stakeholders raise alarm over NPA’s 2017 Budget

Stakeholders raise alarm over NPA’s 2017 Budget

Business, Port News
Discordant tunes have greeted the over N270b budget of the Nigerian Ports Authority approved by the Senate last week. Maritime Stakeholders have raised questions about the justification over the expenditures which they want the NPA management to provide answers to. In the budget approved by the upper house last week, the total receipts for the agency in 2017 was given as about N280b as against an expenditure estimate of N270b . Asked a stakeholder who sought anonymity . ' Is NPA telling telling us they have just a N10b ' change' left for the Federal Coffers after spending all they would realise this year? Why would NASS approve such a budget ? This is unthinkable and we must get to the bottom of this' he argued. Speaking on the NPA budget , Dr Eugene Nweke , said he was not impressed...