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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