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HomeTop NewsPresident Tinubu directed NPA to restore Intel's service boat operation contract

President Tinubu directed NPA to restore Intel’s service boat operation contract

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By Temi Olowu 

The Nigerian Port Authority (NPA) has officially extended the service boat operation contract with Intel Nigeria Limited.

This was a strategic move aligning with Presidential Directives dated August 18, 2023, and a landmark consent judgment from the Federal High Court, Lagos, on September 21, 2022.

This development, revealed through a letter signed by Lagos Port’s Port Manager, Charles Okanga, marks the restoration of services from the company associated with the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, facilitated through presidential consent.

The letter said Intels Nigeria Limited has been expressly instructed to resume services promptly in line with the Authority’s commitment to augment revenue generation from service boat operations.

Intel Nigeria Limited
Intel Nigeria Limited

This directive is substantiated by the terms articulated in the extended Managing Agency Agreement, outlining the scope of services and agent responsibilities.

Under the renewed contract, Intel Nigeria Limited is granted unrestricted access to information regarding pilotage movements.

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Additionally, the company is to receive the necessary assistance to seamlessly initiate operations as the Authority’s Managing Agent on Service Boat Operations within the Lagos Pilotage District (LPD).

This decision by the NPA not only underscores the importance of adherence to legal directives but also reinforces the commitment to bolstering revenue streams in the maritime sector.

As Intels Nigeria Limited gears up to resume operations, stakeholders are urged to ensure compliance and extend the required support for the successful execution of this pivotal contract extension.

While expressing gratitude for continued cooperation, the NPA, through this directive, aims to optimise operational efficiency and strengthen its partnerships in the pursuit of enhanced revenue generation within the maritime landscape.

The initial boat service contract with Intel expired in August 2020 after a series of controversies surrounding the non-compliance with the Federal Government’s policy of remitting government revenue through Treasury Single Accounts (TSA).

The company was founded over three decades ago by Gabriele Volpi, an Italian national who also has Nigerian citizenship, and Mr. Abubakar was a minority shareholder.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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