Maritime industry rattled as Bala Usman faces probe

The suspension of Hadiza Bala-Usman as the Managing Director of Nigeria Ports Authority, (NPA), has caused a crack on the wall of the authority, leaving the maritime sector with substantial afflictions. Few days after the suspension of Bala-Usman who is currently facing a probe, the development has unsettled the NPA and the entire maritime sector. It was gathered that the removal of the erstwhile NPA boss has caused a row among various powerful blocks in the transport sector and loyalists of the Minister ofTransport, Rotimi Amaechi; the Chief of Staff,…

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Ship Owners Association raises alarm over N100m capital flight, losses for Nigeria

The Shipowners Association of Nigeria, (SOAN), has raised an alarm of $100Million in capital flight and losses to the country, as the Nigerian National Petroleum Corporation, (NNPC), recently contracted coastal and bunkering vessels services to a foreign shipping company, Messrs UNIBROS. In a petition to the National Assembly, as well as to the Group Managing Director of NNPC, Mele Kyari, signed by the SOAN’sPresident, Dr. Mkgeorge Onyung, a copy of which he made available to newsmen, the beneficiary company, UNIBROS, operates under the guise of various foreign shell companies with…

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Hadiza Bala-Usman: Nigerian Ports stakeholders petition EFCC, Police IG over missing N20bn under suspended MD

Some stakeholders in the Nigerian ports have petitioned the Economic and Financial Crimes Commission, (EFCC) and the Inspector-General of Police, Usman Baba, to investigate the suspended Managing Director of the Nigerian Ports Authority, (NPA), Hadiza Bala-Usman over the alleged disappearance of over N20 billion under her watch. In a petition signed by the stakeholders, Comrades Olayiwole Oke, Charles Dike and Musa Yola, the stakeholders noted that a “mind-boggling N20 billion of NPA’s financial transactions between 2016 and 2018 could not be traced, documented, or explained”. They urged the agencies to…

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Amaechi inaugurates 7-man panel to probe suspended NPA MD, Hadiza Bala-Usman

The Minister of Transportation, Rotimi Amaechi, today inaugurated a seven-man Panel of Enquiry to probe the suspended Managing Director of the Nigerian Ports Authority, (NPA), Hazida Bala-Usman. The panel, according to him, is to examine and investigate the administrative policies and strategies adopted by the suspended Managing Director while at the helms and confirm compliance with extant laws and rules from 2016 till date. The minister, during the inauguration of the committee in Abuja, noted that the terms of reference of the panel include examining and investigating issues leading to…

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Reps order probe of NNPC, CBN, FIRS, EFCC, others over illicit financial flows

The House of Representatives has ordered the probe of various departments and agencies of the Federal Government over illicit financial flows in the country. At the plenary yesterday, the House specifically mandated its Committees on Finance; Anti-Corruption; Financial Crimes; Banking and Currency; and Insurance and Actuarial Matters to “investigate the phenomenon of illicit financial flows and appraise the Federal Governments current policy framework to curb the continuous loss of Nigeria’s revenues to illicit financial flows”. The House also mandated the Committees on Finance; National Planning and Economic Development; Anti-Corruption; Financial…

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FIRS threatens deduction of taxes from defaulters’ bank accounts

The Federal Inland Revenue Service, (FIRS), has warned that it shall commence the deduction of taxes directly from the bank accounts of defaulters. This warning was issued on Wednesday by the agency, in a statement signed by the FIRS’s Director of Communication, Abdullahi Isma’ila. The Gederal Government’s revenue collector said the warning became necessary following rising cases of willful and illegal withholding of taxes collected by companies, corporations, ministries, departments, and agencies (MDAs) and other agents of collection. It said necessary steps will be taken “to recover taxes due from…

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Fresh electricity tariffs: Showdown imminent as consumers, Labour threaten action against DisCos

Outrage and angry reactions have continued to trail the unexpected upward review of electricity tariffs by about 100 percent by the 11 Electricity Distribution Companies, (DisCos) operating in the country. Recall that the Nigerian Electricity Regulatory Commission (NERC), had assuaged the fears of Nigerians after the outcry that trailed an increase in the tariffs in September 2020 and January this year, that the DisCos would not increase tariffs of customers enjoying less than 12 hours of power supply daily. Also, on April 25, the Federal Government apologised to Nigerians over…

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NCAA lifts suspension of AZMAN airlines

The Nigerian Civil Aviation Authority (NCAA) has lifted the suspension of Azman Air operations. Azman Air announced this on its verified Twitter handle yesterday. The Tweet read: “We are back, Flights schedule will be rolled out shortly”. The NCAA had earlier suspended the operations of all the Boeing-737 aircraft in the airline’s fleet over safety-related issues since March 15, 2021. According to the aviation authority, the suspension was pursuant to Section 35 (2) of the Civil Aviation Act, 2006 and Part 1.3.3.3 (A) of the Nigeria Civil Aviation Regulations (Nig.CARs)…

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FAAC non-remittance: “Don’t blackmail Nigerians to accept deregulation” – Falana tells NNPC

Prominent Nigerian lawyer and human rights advocate, Chief Femi Falana, (SAN), has told the Nigerian National Petroleum Corporation, (NNPC), not to blackmail the government to accept deregulation, saying that the statement that there is no money to remit into the federation account next month (May) was tantamount to blackmail. This is as the former Chairman of the Independent National Electoral Commission, (INEC), Prof Attahiru Jega, said that a new Nigeria is possible if the people should come together irrespective of tribe or religion in the interest of unity. The two…

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Senate demands explanation on N7.5bn withdrawals from NSA, Zainab Ahmed

The Chairman, Senate Public Accounts Committee, on Wednesday gave the Ministry of Finance, Office of the Accountant-General of the Federation and the Office of the National Security Adviser till Tuesday next week to explain an alleged ‘secret withdrawal of N7.5bn from the 2% National Automotive Council Design, (NADDC) and Development Council Levy Account. The account is domiciled with the Central Bank of Nigeria, (CBN). The Committee had two weeks ago, while scrutinising the 2015 Auditor-General for the Federation’s report summoned the affected agencies to appear before it. The representatives of…

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