Connect with us

Headlines

I am ready to stake my integrity over disbursement of CVFF—-Sambo

 

—Vows to resign if cabotage loans are  given out for political patronage

—-spells out tough eligibility criteria to access loan

 

The Eyewitness Reporter

The Minister of Transportation, Engr. Muazu Sambo is trying hard to convince a large army of cynics among the maritime stakeholders who are apparently skeptical about the latest approval he secured from President Mohammad Buhari for the disbursement of the controversial Cabotage Vessel Financing Funds(CVFF).

Sambo broke the news of the approval in Lagos on Saturday, December, 10th, 2022 at the flag-off ceremony of the third phase of the Nigerian Seafarers Development Programme(NSDP).

Since what could have been the cheering news broke out, most of the stakeholders, especially the indigenous operators, who are the direct beneficiaries of the funds, scoffed at the approval, betraying a heavy dose of disbelief and skepticism apparently due to the long weary wait and delay for the disbursement of the funds for over 17 years.

Their cold attitude and skepticism were rooted in what they described as a vain but similar presidential approval which the immediate Minister of Transportation, Rotimi Amaechi, said he secured but never took off.

However, Sambo, who expressed undisguised passion and commitment towards the disbursement, said he was ready to stake his integrity and 35 years of civil service career to show the government’s genuineness and sincerity over the controversial disbursement of the loans.

”I don’t blame people for being skeptical or pessimistic. I can’t come in public and tell people lies.

”Hold me responsible if this fund is not disbursed. I am staking my integrity on approval granted by Mr President”, the Minister vowed.

He explained that the reason why the approval secured by his predecessor did not yield the desired result was due to what he called administrative challenges between the Ministry of Transportation and the Ministry of Finance.

It would be recalled that Ameachi has then cried out that the disbursement of the funds was sabotaged by the Minister of Finance, Budget and National Planning, Mrs. Usman Zainab who he accused of laying landmines on the path of the disbursement.

”Under my predecessor who also secured presidential approval to disburse the funds but could not execute the approval was because of some administrative challenges which the Ministry of Transportation had with the Ministry of Finance.

”We have identified those gaps and ensured that in our prayers to Mr President, we addressed those gaps. So our prayers were all-encompassing” the Minister declared.

He revealed that five banks, Union bank, Polaris, Zenith, UBA and Jaiz banks were selected through a rigorous and transparent process as the primary lending institutions(PLIs) to drive the disbursement process.

He said that these banks were selected based on the criteria that were set out in the guidelines

Explaining the guidelines for the disbursement and eligibility of beneficiaries to access the loans, he said the process is anchored on two major planks: the coastal and shipping act which is the enabling law of 2003 otherwise known as the Cabotage Act and the second plank is the guidelines for the disbursement of the funds as approved by the National assembly.

”There are criteria surrounding the choice of the banks and these banks were recommended to Mr. President based on the guidelines which Mr President has approved”, the minister declared.

The minister also explained the steps to recover the loans as embedded in the guidelines for disbursement and eligibility.

”The guidelines are very clear. The applicants for the funds will make an equity contribution of 15 percent, NIMASA will contribute 35 percent while the PLIs, that is the disbursing banks will provide the balance of 50 percent.

”Other additional criteria for legibility will include but are not limited to such things as a contribution to the funds. Those who do not contribute to the funds as two percent of their contracts executed under the Cabotage as provided under the guidelines will not be eligible for the funds.

”Another condition to accessing the funds is the issue of ”off-taking”. If you do not want your loans to go bad, the easiest way to prevent this is to ensure that the applicant has off-takers for his vessels.

”He does this by showing you his contract, the banks carry out due diligence to verify that such a contract is true and genuine and irrevocable. That way, the banks will ensure that all the proceeds from such contracts go straight into the applicant’s loan account which will domicile with the PLIs. The banks call the process domiciliation of payment.

”So under a tripartite agreement, the domiciliation of payment will be guaranteed. So the proceeds from the off-taker on behalf of the beneficiary of the funds go straight into that loans account. That is the way we can guarantee that the loans will be paid back.

The minister said the applicants must have 50 per cent of the money they want to borrow.

”I, the permanent secretary and the incumbent NIMASA management are men and women of integrity and I don’t think any of us will want to be associated with bad loans.

”The other thing we are going to do is to make sure that we have an administrative structure in place. This will not take more than three days in such a way that loan applications are thoroughly and professionally scrutinised to prevent this money from being doled out as a largesse.

”Rather than be part of doling out the loans as largesse, I will reign my office. I cannot have spent 35 years of my life serving this country only to be messed up in one year.

”At my age, I think I want to go back to my creator with clean hands and a conscience”, the minister declared.

On his part, the Director General of the Nigerian Maritime Administration and Safety Agency(NIMASA), Dr. Bashir Jamoh disclosed that the funds have naira component and dollar component.

According to him, the funds have acrued up to N16 billion in the naira component and $350million in dollar component.

The minister also disclosed that the presidential approval for the disbursement of the funds came to his office late Friday, December 9th, 2022 while attending a function in Lagos but chose to divulge the information at the flag off ceremony of the third phase of the Nigerian Seafarers Development Programme(NSDP) held on Saturday where the indeginious ship operators, who are the primary beneficiaries of the funds, would be in attendance and to show the nexus between the ceremony and the disbursement of the funds.

”On Monday,December 12th, 2022, the NIMASA DG will get formal communication from me conveying the approval of Mr President and I expect him to take immediate steps towards the disbursement process”, the Minister directed.

 

 

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Customs

Comptroller Anani  vows not to compromise on compliance with Customs extant laws, warns defaulters of dire consequences 

— seeks support of stakeholders 
Funso OLOJO, Editor 
The new Customs Area Controller of the  Tin can Island Port Command, Comptroller Joseph Anani, has hit the ground running after few days of assuming duties at the command.
To show his determination to sustaining  the tempo of operational success at the command, Comptroller Anani has warned the trading public plying their trade at the command of dire consequences for flouting any of the operational guidelines as spelt out in the Customs Act of 2023.
He also pledged to enhance trade facilitation, build robust synergy and collaboration with sister agencies and sustain the cordial relationship with stakeholders through constant engagement and collaboration.
The ensure successful tenure at the command, the Comptroller Anani engaged in a series of engagement with his officers at various formations, the terminal operators, freight forwarders, and other sister agencies where he sought for their collaboration and support.
He flagged off the engagement with a tour of Customs formations and terminals within the Command to obtain first-hand knowledge of available facilities, assess officers’ working conditions, and evaluate the overall operational environment.
The tour was aimed at improving workplace standards and ensuring that officers are adequately positioned to deliver on the mandate of the Nigeria Customs Service.
Following this, the Comptroller convened a strategic meeting with major freight forwarding associations, including the Association of Nigerian Licensed Customs Agents (ANLCA), National Association of Government Approved Freight Forwarders (NAGAFF), the National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), APFLON, and other industry players.
During the engagement, he emphasized the importance of compliance, professionalism, and partnership in achieving seamless trade operations.
Comptroller Anani outlined a blueprint anchored on total compliance with all Customs procedures and extant laws, particularly the provisions of the Nigeria Customs Service Act, 2023.
He called for higher standards in all port transactions and warned against any form of indiscipline, misconduct, or practices capable of undermining the integrity of the Service.
“We are setting a new tone anchored on compliance, collaboration, and service excellence. Every stakeholder has a role to play in making Tin can Island Port a model of trade facilitation and operational efficiency.” he said.
The Comptroller also hosted key stakeholders, including terminal operators, shipping companies, importers, exporters, and captains of industry, at a roundtable meeting designed to chart a progressive course for the Command.
He assured stakeholders of an open-door policy and pledged to create a conducive environment that supports legitimate trade and economic growth.
He further urged terminal operators to improve infrastructure within their facilities and create additional operational spaces capable of attracting more vessel traffic, thereby enhancing the competitiveness and efficiency at the port.
Recognizing the importance of collaboration in achieving national security objectives, Comptroller Anani paid a courtesy visit to the Commissioner of Police, Port Authority Police (Western Command), CP Toyin Agbaminoja.
During the meeting, both leaders reaffirmed their commitment to strengthening cooperation on issues relating to national security, port operations, and the safety of lives and property.
The Commissioner of Police pledged the continued support of the Nigeria Police Force through intelligence sharing and operational collaboration.
In a similar move to reinforce the fight against illicit trade and transnational crimes, Comptroller Anani visited the Commander of Narcotics, National Drug Law Enforcement Agency (NDLEA), Commander Solomon Omotosho.
During the visit, both agencies discussed strategies for sustained synergy in combating drug trafficking and the activities of drug peddlers operating within and around the port environment.
 They emphasized the need for intelligence-driven operations, information sharing, and coordinated enforcement actions to prevent the movement of illicit narcotics through the nation’s gateways.
Comptroller Anani expressed profound appreciation to the Comptroller-General of Customs, Bashir Adewale Adeniyi, for the confidence reposed in him through his appointment as the Customs Area Controller of the nation’s premier port command.
 He pledged to justify the trust by consolidating on existing achievements while advancing the core mandates of the Nigeria Customs Service.
The Controller noted that the Command will continue to draw from the policy thrust of the Comptroller-General of Customs, anchored on Consolidation, Collaboration and Innovation, as guiding principles for enhancing trade facilitation, revenue generation, stakeholder engagement, and national security.
Continue Reading

Headlines

Rolling Gazing Terminal excites NAGAFF, says it meets standard for bonded facilities

Gloria Odion, Maritime reporter 

The National Association of Government Approved Freight Forwarders has commended Rolling Gazing Bonded Terminal for its operational standards, saying the facility can improve cargo efficiency and reduce port congestion.

NAGAFF’s Trade Advocacy Committee gave the commendation Thursday during a nationwide inspection of licensed bonded terminals. NAGAFF Founder Dr. Boniface Aniebonam led the delegation.

Aniebonam praised the terminal’s automation, cargo handling infrastructure and security systems. He said the facility reflects the standard required to strengthen trade facilitation and address logistical challenges.

“The infrastructure is available, the equipment is functional, and the operators are fully prepared for business,” he stated.

Committee Head Dr. Increase Uche said the terminal is adequately equipped and shows strong commitment to service delivery. He added that the facility can evolve into a major logistics hub due to location and expansion space.

Operational Manager Stanley Enoma said the terminal runs TOS and EDI platforms and is expanding capacity to 5,000 TEUs.

NAGAFF said the assessment will continue at other bonded terminals to identify gaps and promote efficiency.

NAGAFF has commended Rolling Gazing Bonded Terminal for meeting operational standards expected of Customs bonded facilities. The commendation followed an inspection by NAGAFF’s Trade Advocacy Committee on Thursday as part of a nationwide assessment of bonded terminals.

NAGAFF Founder, Dr. Boniface Aniebonam praised the terminal’s automation, cargo handling equipment, security systems and operational preparedness, saying it can improve cargo movement and reduce seaport congestion.

Committee Head Dr. Increase Uche said the facility is adequately equipped and has potential to become a major logistics hub due to location and expansion capacity. Operational Manager Stanley Enoma disclosed the terminal operates TOS and EDI platforms and is expanding to 5,000 TEUs capacity. NAGAFF said it will compile a report and continue inspections nationwide to identify operational gaps and promote trade facilitation in the maritime sector.

Continue Reading

Customs

Apapa Customs commences stricter crowd control measures to enhance security at command

Funso OLOJO, Editor
In response to the rising wave of insecurity across the country, the Apapa Area Command of the Nigeria Customs Service (NCS) has concluded plans to tighten access control measures to ensure that only authorized persons gain entry into the command to conduct official business.
As part of the new security arrangement, all licensed clearing and forwarding agencies operating at the command have been directed to submit the names of three representatives through Customs Form C-30, who will be authorized to carry out daily transactions on behalf of their companies.
The NCS Form C-30 is an operational document that serves as proof of authorization for a licensed clearing and forwarding agent to operate within a designated Customs command. It is a mandatory requirement for cargo clearance and export processing at Nigerian ports.
The initiative comes amid heightened efforts by government agencies and private organizations to strengthen security protocols and protect personnel, facilities, and critical national assets from emerging threats.
Speaking exclusively with our correspondent, the Area Controller of Apapa Command, Comptroller Emmanuel Oshoba, said the measure is aimed at reducing the number of visitors to the command and enhancing access control in response to growing security concerns nationwide.
According to him, the requirement for clearing and forwarding agencies to nominate representatives for Customs transactions is already provided for in the Nigeria Customs Service Act 2023, although it has not been fully implemented.
He disclosed that the Apapa Command has decided to activate the provision in view of the prevailing security situation in the country.
“This is a standard procedure globally to enhance security at ports, which are critical to the world economy.
“In Nigeria, our ports are the arteries of the economy, and we cannot afford to expose them to the risk of attacks.
“We have to be proactive and not wait until an unfortunate incident occurs before taking action.
“America never expected the September 11 terrorist attacks.
“It is for these reasons that the management of the Service has decided that the enforcement of the crowd-control provisions contained in the Customs Act 2023 should commence at the Apapa Command, given its status as the largest and flagship Customs command in the country,” Oshoba stated.
The Customs Area Controller explained that restricting physical access to accredited company representatives would not only strengthen security but also improve operational efficiency and facilitate better monitoring of activities within the command.
He further disclosed that the policy, which is scheduled to take full effect next week, will significantly limit the movement of unauthorized persons within the command premises.
“The accredited representatives of all registered clearing and forwarding agencies will be issued official duty identification cards, which will grant them access to the command.
“Whenever there is a change in personnel, the concerned agency will notify the command so that the necessary adjustments and replacements can be updated in our system.
“Visitors, including journalists, will be required to register at the gate and will be issued visitor identification cards.
“This is a standard practice globally. I am aware that terminal operators such as Grimaldi at PTML and APM Terminals at Apapa Port already operate similar crowd-control mechanisms,” he noted.
The new access-control regime follows recent efforts by the Presidential Enabling Business Environment Council (PEBEC) to improve security, operational efficiency, and reduce the cost of doing business at the ports.
It could be recalled that between May 14th and 16th,  2026, PEBEC, led by its Director-General, Princess Zahrah Mustapha Audu, coordinated a major enforcement operation along the Apapa and Tin Can port corridors in Lagos to dismantle illegal checkpoints and extortion points obstructing cargo movement.
The operation targeted notorious extortion locations, including Liverpool Bridge, the Terminal International Container Terminal (TICT) Second Gate, NAGAFF Junction, ETISALAT Roundabout, and Fidelity Roundabout.
Working in collaboration with the Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigeria Police Force, and the Lagos State Government, PEBEC sought to restore order and eliminate unauthorized checkpoints that had become a major impediment to trade facilitation.
The exercise resulted in the immediate removal of illegal structures and unauthorized personnel operating along the corridor, while authorities issued a stern warning against any attempt to re-establish the extortion checkpoints.
Continue Reading

Trending