Business
Maritime Stakeholders Seek Account For CTN Proceeds
Following the scrapping of the payment system by the Federal Government, agitated maritime stakeholders have mounted pressure on the Nigerian Ports Authority (NPA) to account for the proceeds accruing from the Cargo Tracking Note (CTN).
Investigations revealed that the banning of the controversial charge regime was announced by the Minister of Finance, Dr (Mrs) Okonjo Iweala in Lagos recently as part of the comprehensive measure to free the port system from the ungodly grip of extortion, corruption and arbitrary charges that is meant to stimulate the economy.
It would be recalled that Cargo Tracking Note was discretely introduced in January 2010 into the port payment regime despite public outcry against it.
The programme was vigorously championed by the NPA, which defended its introduction. NPA, as an implementing agency for the programme, contracted a Belgian-based company Trnasport and Port Management Service (TPMS) as its sole representative to collect the fee.
The fees were to be paid on Nigeria bound Cargo at the port of loading while a CTN number will be issued. The document fee for loading ports in Europe and Africa, attracts Euro 50 per CTN and and one CTN is to be issued for each of bill of laden. For fee of Euro 70 is being charged.
It is estimated that 10 billion Euro (N2.1 trillion) will accrue to the regime annually which will be shared between the federal government as represented by NPA and the consultant on 60 – 40 basis. Before the payment system was scrapped, NPA has operated the programme adjudged by stakeholders as money-making machine for 21 months, (1yr 9months).
Investigation shows that going by the estimated gross earnings, NPA is expected to have netted close to 20 billion Euro (N4.2 trillion).
The argument of some stakeholders was that NPA should be able to account for the money, giving details of how much was paid to the consultant and how much accrued to the federal government.
An executive member of the Association of Nigeria Customs Licensed Agents, John Ime said that the proceeds accruing from the scrapped programme should be used for port development.
Another maritime stakeholder, Edet Aniedi charged NPA to plough back the proceed to improve the obsolet facilities in the port, also review their tariff at the moment.
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