Connect with us

Maritime

Intels Denies Being Indebted To NPA

Published

7 years ago

on

The management of Nigeria’s oil and gas logistics giant, Intels Nigeria Limited, says it is not indebted to the Nigerian Ports Authority (NPA), rather NPA owes it more than US$750 million.
The company in a statement, yesterday in response to the termination of its boats pilotage monitoring and supervision agreement by NPA said while it is open to an amicable resolution of the contract dispute with NPA, it is willing to proceed in all appropriate directions to protect its interests and its 5,000 employees.
The statement which was made available to The Tide said “with regard to the press report in Thisday Newspaper of Sunday 19th May, 2019 concerning the agency agreement between NPA and Intels, the latter states that it has not breached or violated the agreement with NPA.
“Intels further confirms the correctness of its actions, in line with the agreement signed on 24 August 2018, according to the terms and timing established therein, in compliance with the principle of reciprocity of rights and obligations thereby provided for.
“The same agreement supplements the original agreement and reinforced the understanding of the parties that the agency service was entrusted to Intels, in order to guarantee a repayment plan for the significant investments made.
“Intels reiterates that, overall, it is not in any way indebted to NPA, but it is instead a creditor of NPA for an amount exceeding US$ 750 million against the financing granted by Intels and associated entities to NPA over time.
“Intels hopes that the undergoing amicable procedure with NPA may result in clarifications between the parties and a return to normal operations, but it also reaffirms its willingness to proceed in all appropriate directions to protect its own interests, in line with the contractual agreement, and all valid receivable claims against NPA, for the protection of its corporate interests, its 5,000 Nigerian employees and shareholders and those who have been operating in the country for over 40 years.”

 

Chinedu Wosu

Related Topics:
Continue Reading

Maritime

Customs Kaduna Command Generates ?5b Revenue In Oct

Published

1 week ago

on

November 10, 2025

By

The Nigeria Customs Service (NCS), Kaduna Area Command, has achieved a new revenue milestone, generating ?5.16 billion in October 2025
The Area Command said the feat was the highest monthly revenue ever recorded.
The Command’s Public Relations Officer, CSC Ridwan Yusuf, revealed this in a Statement made available to Journalists
The figure, Yusuf said, represent 96 per cent increase above the monthly target and a 196 per cent target performance.
Yusuf said that the command collected ?39.79 billion between January and October 2025, compared with ?24.06 billion generated during the same period in 2024 reflecting a substantial year,on year growth.
the Area Controller, Comptroller Saad Hassan, attributed the record performance to the dedication and professionalism of officers and stakeholders, in line with the modernisation agenda of the Comptroller General of Customs, Bashir Adeniyi.
He identified improved stakeholders’ engagement, digitalisation of excise operations, and enhanced officers’ motivation as key factors driving the Command’s success.
“The Command’s performance demonstrates the effectiveness of our current operational strategies and our unwavering commitment to national economic stability,” Hassan said.
He assured that the command would continue to sustain the momentum by facilitating legitimate trade and improving revenue collection mechanisms.
The Command also reaffirmed its resolve to uphold professionalism and integrity in line with the service’s overall mission of trade facilitation and economic growth.
By; Chinedu Wosu
Continue Reading

Maritime

Shipper’s Council Advocates Sensitization Of Staff On NSITF Scheme 

Published

1 week ago

on

November 10, 2025

By

The Nigerian Shippers’ Council (NSC) has called for proper Sensitization of staff on the proposed insurance scheme by the Nigeria Social Insurance Trust Fund (NSITF).
 Executive Secretary and Chief Executive Officer, NSC, Akutah Pius, made the call while playing host to a courtesy visit by NSITF officials to his office, in Lagos.
Represented by Director of Human Resources Management, Alhaji Mustapha Zubairu, Akutah emphasized the Nigeria Shipper’s Council commitment to prioritizing staff insurance and health, citing existing policies with positive impacts on employees’ lives.
He requested NSITF to strengthen its legal framework to enable the NSC to fully benefit from the scheme.
Earlier, the Team Head, NSITF’  Adegbite Oludotun said that the organization provides compensation for insured government employees in case of injury, disability, or death during active service.
While commending the NSC for registering with the scheme, Oludotun assured adequate compensation for employee claims and safety.
By: Chinedu Wosu
Continue Reading

Maritime

Navy Rescues Six Male, Five Female Passengers From Drowning In Rivers 

Published

1 week ago

on

November 10, 2025

By

The Nigerian Navy Forward Operating Base (FOB) of Nigerian Navy Service NNS has rescued six male and five female passengers from a sinking speedboat along Bonny waterways in Rivers state
This is contained in a Statement by the Director of Naval Information, Commodore Ayiwuyor Adams-Aliu, and made available to newsmen, in Abuja.
Adams-Aliu said the rescue operation was carried out by personnel of the Nigerian Navy Forward Operating Base (FOB), Bonny, along the Bonny River.
According to the statement, the boat, which departed Nembe Waterside Jetty in Port Harcourt for Coal Beach Jetty in Bonny Island, developed engine failure midstream and began taking in water near the Federal Ocean Terminal, Onne, Rivers State.
He said the swift response of the Naval patrol team under heavy rainfall prevented a major tragedy as all 11 passengers comprising six males and five females, were safely evacuated and taken to the Nigeria Liquefied Natural Gas Jetty for medical checks.
“The rescued victims were later handed over to the Marine Police for onward reunification with their families,”
The Naval spokesman said the Navy, in another Operation last wednesday, intensified crackdown on crude oil theft with the deactivation of multiple illegal refining sites in the Niger Delta.
He said personnel of FOB Escravos dismantled two sites at Obodo Omadino Community in Warri South-West Local Government Area of Delta.
“Similarly, the Nigerian Navy Ship (NNS) PATHFINDER patrol team uncovered and deactivated another site with cooking ovens, reservoirs, sacks, jerrycans, and dugout pits filled with stolen crude and illegally refined Automotive Gas Oil around Bakana and Isaka areas of Rivers.
“Also, personnel of FOB Bonny dismantled a refining site at Eyamba Community in Bonny Local Government Area, while NNS DELTA patrol team deactivated another at Opumani Creek in Warri South Local Government Area of Delta,”
Adams-Aliu said the operations reflect the Navy’s renewed commitment under the Chief of the Naval Staff, Vice Adm. Idi Abbas, to ensure maritime safety, protect national assets, and promote lawful economic activities.
The statement reaffirmed that the Nigerian Navy would sustain the momentum in its fight against crude oil theft and all forms of illegality within the nation’s maritime domain.
By: Chinedu Wosu
Continue Reading

Trending