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NPA, Terminal operators disagree with Auditor-General over N490bn concession debt

Eyewitness reporter

Both the Nigerian Ports Authority (NPA) and the terminal operators have disputed the claim made by the Auditor-General for the Federation Adolphus Aghughu that the 18 terminal operators are owing the NPA a cumulative amount of N490bn as concession fees.
The Auditor-General’s report has claimed that the terminal operators were indebted to the federal government to the tune of $753 million and N1.61 billion (cumulatively 490billion).
However, a source close to one of the terminal operators who craved for anonymity explained that the indebtedness was accrued between 2006 and 2019, adding that the period covering 2020 to 2022 was not part of the reported indebtedness.

The source, who happened to be one of the management staff of a leading terminal operator said, “The debts date back to the period spanning 2006 to 2019 and the debt figures are composed of estate rents, lease fees and throughput charges among others as stipulated in the concession agreements.”

He, however, said that there had been recoveries within the period under review and that there had also been unrecoverable debts.
He specifically disclosed, “there have been recoveries within the period under review, and they are unrecoverable debts owing to issues such as volume change, gross minimum tonnage (GMT)/Penalties, and encumbered areas, among others.”
Asked to explain the issues militating against debt recovery, he stated that volume change, for instance, means volume adjustment.
“The Executed Contract Agreement stated that if the percentage variation between actual performance and projected volume is within minus 10% to plus 10%, the lease fee will be paid in full.
“However, if the percentage variation performance is more than minus 10% to plus 10%, the lease fee payable will be adjusted by an equivalent percentage.
“Therefore, the adjustment is against the lease fee payable by the percentage change in volume,” he explained.
He stated that the encumbered areas referred to “areas that are inaccessible due to factors not caused by the tenant such as host community hostility and marshy land, etc.,” while Guaranteed Minimum Tonnage (GMT) referred to “the projected tonnage pledged by the concessionaire to achieve and this arises from the inability of the concessionaire to meet up the pledge.”
According to the official: “unpaid VAT (Value Added Tax) relates to the VAT element of the unpaid Lease Fees arising from adjustment brought about by the volume change defined above,” while “penalty refers to financial burden suffered for failure to meet terms of payment in a contractual agreement.
” It is as a result of the concessionaire not paying within the specified time /days allowed in the contractual agreement. Simply put, it refers to a charge for late payment.”
Similarly, an official of the NPA who did not want his name in print, corroborated the disclosure by the terminal operators when he claimed that the figure quoted in the Auditor-General report of 2019 did not reflect the current position of indebtedness to the NPA.
According to him: “It is pertinent to clarify that out of the $852,093,731.10 cited in the Auditor General of the Federation’s report and being circulated in the media, $504,663,452.37 constitutes an uncollectible portion due to volume change and contentions; $66,627,342.76 constitutes uncollectible portion due to gross minimum tonnage (GMT); $19,619,459.00 constitutes uncollectible portion due to encumbered areas; while the sum of $98,114,442.46 has been recovered, leaving the sum of $163,069034.51 as the actual amount owed by only three (3) of the terminal operators.
“It is very important to note that the uncollectible debts are the summation of GMT stated above (a performance metrics), which the terminal operators could not meet mostly because of change in government policies (issues such as force majeure, infrastructure decay, poor road network outside the port and others.”
He also pointed out that some of the debts were legacy debts “being owed by a government agency which metamorphosed into a limited liability company and for which the Authority is working out modalities with the relevant parties to recover accordingly.”
He expressed optimism that with the Authority already at an advanced stage of talks to resolve the disputes surrounding these amounts, there would be “a resolution and recovery of what is due to NPA by the end of the year 2022.”
He also hinted about the setting up of an inter-agency committee comprising NPA, Federal Ministry of Transportation (FMOT), Federal Ministry of Justice (FMOJ), Bureau of Public Enterprises (BPE) and Infrastructure Concession Regulatory Commission (ICRC), with the task to undertake a review of the Concession Agreement which has led to some of the anomalies.
According to him, the committee had already developed a template to address the inherent anomalies in the agreements that allowed for the accumulation of such debts to forestall a recurrence.
The official further said that the relationship between the NPA and the terminal operators was an ongoing business that entailed the reconciliation of accounts at every point of the way.
He restated the fact that the NPA was on top of the debt situation, saying that the authority had mechanisms in place to recover all debts owed by terminal operators.
He, therefore, dismissed as needless and uncalled for “the entire hue and cry in the media space about indebtedness by terminal operators.”

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Open Letter to President Bola Ahmed Tinubu on the need to assent to the Nigerian Shipping and Ports Economic Regulatory Agency(NSPERA) bill

By Elder Asu Beks

Mr President,on behalf of the  Maritime Elders Forum and  entire maritime stakeholders, i respectfully send you  season’s greetings.
There is no doubt, Mr President, that 2025 has been one of the most turbulent and challenging years in the history of our nation.
 From the wave of insecurity ,which you have tackled squarely,to the far reaching  economic reforms  which has translated to the tax reform bills , are all  pointers to the fact that you are taking the challenges head on.
Mr President , your modest achievements in the Oil and Gas sector are also there for all to see.
From the bold decision to abolish fuel subsidy to the increase in daily production levels to an average 1.8m bpd ,from about 1mbpd daily output as at May ,2023, and the complete disapperance of fuel queues, it is certain, Mr President, that you are building a legacy of renewed hope, unprecedented in the life of our nation.
 We cannot thank you enough, Mr President.
 For us in the maritime sector, the most profound of your score card remains  the creation of a specialised Ministry of Marine and Blue Economy.
The demand for a Ministry to oversee Nigeria’s vast  maritime domain is as old as Nigeria’s Independence.
For us as critical stakeholders, this couldnt have come at a better time.
 In just two years of the creation of this specialised Ministry, Nigerians are already reaping bountifully from this innovative move.
Only last month,Nigeria won an election into the elusive category ” C” of the International Maritime Organisation, (IMO).
This victory  is coming after  nine unsuccessful  attempts, spanning 14 years.
With this victory , which couldn’t have been posible without  your fatherly role,our fortunes as one of the greatest maritime nations in sub saharan Africa  has  been solidified.
 Mr President, another milestone recorded under your watch ,since the creation of the Ministry of Marine and Blue Economy is the introduction of the game changing National Single Window platform which comes into effect  in the first  quarter of 2026.
The National Single Window is a trade facilitation tool designed  to eliminate multiple entries by various regulatory bodies in business transactions in our seaports.
In other words, it is a digitalized platform that allows importers and exporters to submit all necessary documents, permits , and data to multiple government agencies through a single entry point.
Mr President, with these developments, you have etched your name as “the President who saw  tomorrow” by demonstrating in concrete terms, the enormous  potentials which this sector holds as your administration continues to look at a Nigeria beyond oil.
In this regard, Mr President ,we the  Maritime Elders Forum urge you ,without delay  to  sign into law, the Nigerian Shipping and Port Regulatory Agency (NPERA) Bill .
The NPERA Bill aims to transform the Nigerian Shippers Council, (NSC) into a powerful, independent economic regulator for Nigeria’s Ports,creating a strong  frame work for tariffs,fair competition and efficiency after port concession.
The Bill, a brain child of  Dr Tajudeen Abass, Speaker, Federal House of Representatives, is  aimed  to fill the vacuum created by an absence of  a  regulatory  agency in such a critical sector of our national economy ,as against other sectors such as  banking, petroleum , energy and  communication.
This critical Bill seeks to repeal the old Nigerian Shippers Council Act and empower the Council to manage port economic activities, boosting the Blue Economy.
Mr President, the laudable objectives of this Bill include;establishing an independent  regulation to create a strong legally backed economic regulator for our ports; Control tariffs, charges and regulate port charges  in such a manner as to prevent arbitrariness  and ensure fairness; to promote fair competition by improving overall port operations and attract investment; Support the Blue Economy to align with our national goals for developing Nigeria’s Marine Economy.
 Your Excellency Sir, this Bill was given an accelerated hearing ,and was passed by both chambers of the National Assembly on April 10, 2025 upon which it was forwarded to you for assent.
 Mr President sir, the delay or your failure to assent to this  Bill is coming at huge cost and has resulted in significant economic losses for Nigeria, primarily by perpetuating an unregulated and inefficient port system that has led to huge financial leakages that deter investment.
 Mr President, sir, it is estimated that the nation is losing billions of dollars dailly to the absence of a strong legal frame work for port economic regulation.
We have on good authority, Mr President, that this obvious lack or absence of a regulated ports industry is also taking a huge toll on local and foreign investments as an estimated $250b is said to be lost annually, aside arbitrary charges by terminal operators and Shipping Lines .
 In a nutshell, Mr President, the envisaged benefits of this brand new Ministry of Marine and Blue Economy has been eroded on account of the absence of a legal regulatory frame work.
As it stands, sir ,a Ministry of Marine and Blue Economy without an Economic Regulator is akin to a football game without a referee.
it means anything goes and the out come of a game without an official umpire could be better imagined.
 Mr President sir, consequently ,the time to sign the NPERA Bill is now.
Thank you Mr President for listening to this passionate appeal.
 Let this be your new year present to Maritime Stakeholders.
ELDER ASU BEKS, CONVENER, MARITIME ELDERS FORUM, LAGOS
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Tantita intercepts stolen crude on escort of  Delta Marine Police, arrests four suspects 

Funso OLOJO 
Tantita Security Services Limited, a pipeline surveillance operations company, has intercepted a tanker vessel, MT Thor, laden with suspected stolen crude oil.
The interception, which occurred on December 15th, 2025, around the Koko–Excravos axis of Delta State, happened while the vessel was allegedly being escorted by personnel of the Police Marine Unit, Delta State, who reportedly claimed they were acting on directives from the Force Intelligence Department (FID), Abuja.
Four suspects have been apprehended in connection with the incident and are currently facing investigation for possible prosecution.
The arrest was announced during the handover of the suspects at Koko Port in Delta State by Tantita Security Services Limited (TSSNL), a firm engaged in pipeline surveillance operations.
Speaking at the handover of the vessel and the suspects at Koko Port, Delta state, the Executive Director of Operations at Tantita, Captain Warredi Enisouh, said the suspects were apprehended with an unspecified quantity of suspected illegally sourced petroleum products aboard the vessel.
According to a situation report made available by the Special Prosecution Team (SPT) of the Inter-Agency Task Force on Petroleum Product Theft, Tantita alerted the Head of Investigation of the SPT after intercepting MT Thor, which was allegedly laden with crude oil obtained through illicit means.
Preliminary investigations by law enforcement agencies revealed that the vessel, now classified as an exhibit in an ongoing criminal investigation, is linked to a jetty operated by Ebenco Global Services Limited.
Investigation officers disclosed that documents and correspondence connected to the jetty were obtained and are currently under review.
“The owner of the jetty, Mr. Ebenezer, was contacted by investigators and reportedly provided additional documents, including court orders, which are also being analysed as part of the investigation.
“On December 16, a joint investigation team led by the Head of Investigation of the SPT conducted a Joint Inspection Visit in Koko.
The team first met at Tantita’s corporate headquarters in Warri for a briefing, which was also attended by the jetty owner.
“During the inspection, investigators attempted to obtain samples from MT Thor but were unable to do so immediately as the vessel had not yet arrived at the jetty, having been towed from an earlier location by security operatives.
“While awaiting the vessel’s arrival, the team inspected other containers suspected to be carrying crude oil within the premises of Ebenco Global Links Limited, where samples were taken from a storage barge.
“MT Thor eventually berthed at about 8:30 p.m. on 16 December, prompting the joint team to adjourn sampling and other procedures until the following day.
 As of 17 December 2025, investigators were reported to be en route to Koko to continue sample collection and complete investigation formalities,” the report read.
Receiving the suspects, the Head of the Special Prosecution Team of the Inter-Agency Task Force, Omar Sini, reaffirmed the Federal Government’s resolve to dismantle crude oil theft networks in the Niger Delta, assuring that all findings would be thoroughly examined and prosecuted in line with the law.
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Mobereola, NIMASA DG, reflects on year 2025 with satisfaction, says 2026 holds promising opportunities for maritime industry 

Funso OLOJO
The Director -General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dayo Mobereola, has expressed his satisfaction over the achievements recorded in the maritime industry in the outgoing year of 2025, while looking forward to a promising 2026 with hope.
In his Christmas message to the stakeholders in the maritime industry, Dr Mobereola noted that the 2026 ended well with the election of Nigeria into the category C of the International Maritime Organization (IMO) after 14 years of failed attempts as well as zero occurrence of piracy attacks on Nigeria’ waters.
“The year 2025 has been a good one for our industry as once again, we have not recorded a single piracy attack in our waters in a whole calendar year, Nigeria was also able to deposit three Instruments of Accession to IMO Conventions that were signed by President Bola Tinubu ,we have been able to maintain industrial harmony in the sector all of which culminated to Nigeria’s election into the category C Council of the International Maritime Organization.
“We couldn’t have done this without our stakeholders who have contributed in various ways in the course of their operations during the year. We see you, we thank you and we felicitate with your during this yuletide season”Mobereola observed.
He however assured that the Agency will re-double efforts in ensuring that 2026 is even better for every stakeholder.
While calling on industry operators to brace up for the new year with hope of better times, Dr. Mobereola noted that “at NIMASA, we appreciate the weight of our renewed responsibility by virtue of Nigeria’s membership of the IMO Council because to whom much is given, much is definitely expected.

” You can therefore be sure of an increased momentum in our resolve to sustain maritime safety, security, environmental protection and adherence to relevant conventions and protocols with renewed vigour.”

The DG concluded by acknowledging the support of President Bola Ahmed Tinubu, Adegboyega Oyetola, Minister of Marine and Blue Economy, industry stakeholders, management and staff of NIMASA as well as all Nigerians and wished everyone a Merry Christmas and a prosperous New Year.

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