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House of Reps gives NIMASA green light to disburse CVFF –appoints audit firm to coordinate, monitor  disbursement

Hon. Legor Idagbo
The eyewitness reporter
The House of Representatives has given the Nigerian Maritime Administration and Safety Agency (NIMASA) a clean bill of health over the controversial Cabotage Vessels Financing Funds(CVFF) and consequently directed the agency to disburse the funds.
It would be recalled that the lawmakers, a few weeks ago, halted the planned disbursement after long and painstaking groundwork made by the Ministry of Transportation and NIMASA towards the disbursement process.
The House had raised concerns over the funds, said to be about #700m, and decided to ask its committee on Nigerian Contents Development and Monitoring to investigate the funds.
This followed a motion during its sitting last month on the matter and subsequently directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to stop the planned disbursement of the fund.
However, after concluding its investigation, the House found tenable the need to disburse the funds to the eligible indigenous ship owners.
Addressing journalists in Abuja Thursday, the Chairman of the committee, Hon. Legor Idagbo said that its investigations indicated that due process was followed, informing that the disbursement can now be made.
“The House of Representatives at its sitting on Tuesday, 4 May 2023, deliberated on a motion on the Planned Disbursement of $700 Million Cabotage Vessel Finance Fund, and investigate the Total Accrual of the Fund, and referred same to the House Committee on Nigerian Content Development and Monitoring to, amongst other resolutions, investigate and urge the Nigerian Maritime Administration and Safety Agency (NIMASA) to immediately stop the planned disbursement of $700 million to Nigerian citizens and companies and to lay before the floor of the House, an audited statement of account showing all monies that have accrued to the Cabotage Vessel Finance Fund not later than fourteen (14) days from the date of this resolution.
“The Committee requested the Nigerian Maritime Administration and Safety Agency and the Ministry of Transportation to provide detailed information on the total amount accrued to the Fund and disbursements since inception.
“The Committee met with the Minister of Transportation and the Director-General of the Nigerian Maritime Administration and Safety Agency ({NIMASA) on Thursday, 11 May 2023 to find out about the details concerning the matter.
” After a thorough analysis of the various submissions on the matter coupled with the explanations given by the Ministry and NIMASA, the Committee discovered that due process was followed in the planned disbursement of the Cabotage Vessel Finance Fund.
“The Committee notes that the Cabotage Vessel Finance Fund (CVFF) is a fund that was set up in 2003 by the Coastal and Inland Shipping Act.
” The Fund was established for the purpose of developing indigenous ship acquisition capacity, and to provide financial assistance to indigenous shipping operators.
“The Committee further notes that there is a lack of Capacity amongst indigenous/ Domestic Coastal operators in Nigeria, thus the reason Nigerian National Petroleum Corporation Limited (NNPC) still awards contracts to foreign shipping Companies in contravention of the Cabotage and Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
“Some of these awards have been previously investigated by the Committee which led to their cancellation.
“It was also discovered that the total funds of $360m in the Cabotage Vessel Finance Fund (CVFF) account with the Central Bank of Nigeria (CBN) represents 50%, while the remaining counterpart funds of 50% is from stakeholders and Banks which is 15% and 35% respectively.
“NIMASA should go ahead with the disbursement of the Cabotage Vessel Finance Fund (CVFF) in compliance with the extant laws and laid down guidelines for the said disbursement.
“To ensure the disbursement does not violate any of the extant laws made by the National Assembly, the following persons were nominated to supervise the disbursement process:
“Rt. Hon. (Barr.) Legor Idagbo  – Chairman ii. Hon. Henry Nwawuba – Member iii. | Mrs. Kehinde Bolade Olaiya – Committee Clerk.
“An Audit firm, Stratford Hill and Co. was appointed by the committee as the coordinating enforcement auditor for the CVFF.
“The Committee applauds NNPC for its commitment to awarding the shipping contracts to indigenous companies that have built capacity to the level where they can successfully execute these contracts.
“The Committee is grateful to the leadership of the House for the confidence bestowed on it to carry out the investigation”.
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FG takes safety on waterways campaign to Ogun, donates 3500 life-jackets to waterways operators.

Funso OLOJO 
As part of efforts to enhance the safety of waterways across the nation, the federal government has donated 3500 life-jackets to Ogun State Government for waterways operators in the state.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, who handed over the life-jackets on Tuesday, assured Nigerian inland waterways users that the ministry will stop at nothing to curb the needless loss  of lives on waterways.
Represented by Director of Maritime Services in the Ministry of Marine and Blue Economy, Dr. Mercy Ilori, the Minister said the campaign is part of a deliberate national strategy to embed a culture of safety on our inland waterways.
 “This is one of the most comprehensive Federal government responses in recent times to the persistent loss of lives on Nigeria’s waterways.
“Consequently, there have been successful handovers of Safety life jackets at Niger, Bayelsa, Anambra, Akwa Ibom, Delta, Taraba, and Lagos States.
” We are now in Ogun State to sustain the momentum and  reveal the government’s unwavering commitment to protecting the lives and livelihoods of the people of Ogun.
“You will all agree with me that the frequency and tragic consequences of boat mishaps across the country are deeply concerning.
“It is in recognition of this menace that the Federal Ministry of Marine and Blue Economy aligned with the Renewed Hope Agenda of President Bola Ahmed Tinubu, to prioritize life-saving interventions to bring about tangible change.”
He stressed that the government’s commitment to end the needless loss of lives on waterways is anchored on three pillars: Strict enforcement of the Inland Waterways Transportation Regulations 2023; Continuous public education and sensitization campaigns; and Provision of critical safety equipment, notably life jackets, to waterway users.
“It is worthy to note that the National Inland Waterways Authority (NIWA), a key agency under the Ministry, plays a pivotal role in ensuring the success of this strategy.
“NIWA continues to lead in regulation, monitoring compliance, and supporting education and enforcement efforts on our inland waters,” he remarked.
Meanwhile, the Governor of Ogun State, Dapo Abiodun, assured the Minister that the life jackets will be distributed equitably to registered operators across the state.
The Governor, who was represented by the State Commissioner for Transportation, Engr. Gbenga Dairo, stated that safety on the nation’s waterways wasn’t a privilege but a right of everyone in Ogun State.
He also assured that the State is ready and willing to provide all the necessary support to sustain the momentum but to enhance inland waterways as viable and secured alternative to road infrastructure.
“Safety on the waterways is not a privilege, it is a right.
” Every life jacket handed over today represents a life potentially saved, a family preserved, and a future secured.
” This initiative aligns with the human capital development pillar of our administration’s ISEYA agenda ensuring that people remain at the heart of our progress
“Ogun State values the synergy we have fostered with the Ministry of Marine and Blue Economy and applauds their dedication to the development of marine infrastrucnare, safety standards, and the blue economy as a whole.
” Ogun State stands ready and willing to provide all the necessary support to sustain this momentum, not only in marine safety but also in enhancing inland waterways as viable and secure alternatives to road transport.”
“To our waterway users, boat operators, fishermen, and residents of our riverine communities: these life jackets are for you.
” But more importantly, the knowledge and awareness you will gain from this sensitization effort will serve as your daily companion, protecting you and helping you protect others.
“Ogun State hereby assures the Federal Ministry of Marine & Blue Economy and NIWA that these life jackets will be equitably distributed to verified and recognised operators across the state’s waterways, from Iwopin to Ebute-Ero, from Agbara to Tongeji, Imakun Omi to Ode-Omi, and other active riverine corridors.
” A strict monitoring and maintenance protocol will be enforced to ensure sustainability and accountability.”
The State Governor, however, warned that State actors would not allow preventable tragedies define the nation’s waterways
“As we continue to embrace innovation and development in transportation, we must also embrace accountability and responsibility.
“Let us not allow preventable tragedies to define way of life, let us instead champion the principles of safety, respect for life, and collective vigilance.”
However, the Managing Director of NIWA, Mr. Bola Oyebamiji, warned that the issue of safety on the inland waterways cannot be over emphasized as he recounted several tragic incidents that claimed lives in hundreds.
“The issue of safety can never be over-emphasized. In June 12, 2023, a wooden boat carrying wedding guests returning from a marriage ceremony from Niger State capsized in Jeva Channel Lake, in River Niger in Kwara State, owing to overloading and a submerged tree.
“The boat was reported to be carrying over 200 guests despite having the capacity of carrying just less than 100 passengers.
“More than 200 lives were lost, among which a father and four of his children were involved. So you can imagine the kind of tragedy that befell the family.
“Again, in October 1, 2024, a wooden boat carrying mostly women and children traveling for religious festive occasions capsized in Niger State.
“The boat was reported to be carrying over 300 passengers even though it has the capacity of carrying less than 100 passengers. More than 100 lives were lost.”
NIWA Managing Director, who was represented by Engr. Elsie Egwuatu, observed that in the respective cases the boats were heavily overloaded, sailed at night without the proper navigational aids and conveyed passengers without life-jackets.
“So if you think safety is expensive, try disaster. Over 90 percent of accidents that happen on our waterways are caused by human error.
“In most cases, it is caused by captain’s negligence. The newly gazetted Marine and Transport Regulations Codes, which spells out offences and punishments, ranging from fine to imprisonment, mandates the compulsory use of life jackets for all waterways users sailing on our waterways,” she added.
Also speaking, the National President of the Association of Tourist Boat Operators and Water Transporters of Nigeria (ATBOWATON), Alhaji Tarzan Balogun called for intensified regulatory efforts to prioritize safety and infrastructural development on Nigerian waterways.
Alhaji Balogun commended the government for its efforts in promoting safety across the country’s inland waterways, even as he assured that the life jackets would be used judiciously.
“There must be a firm policy — no life jacket, no entry. I’ve witnessed several cases where passengers refuse to wear them. That should not be allowed. Safety must come first,” he said.
Balogun also praised the federal government, particularly President Tinubu and the Minister of Marine and Blue Economy, for their commitment to maritime safety and for recognizing the importance of life-saving gear in water transport.
“If you’re drunk or perceived to be a threat to others onboard, operators must have the authority to refuse you entry.
” There is also the problem of bringing animals onboard, especially dogs who can scare passengers onboard and make boats capsize,” he stated.
Balogun also called on the Ogun State Government to emulate Lagos by setting up a dedicated waterways authority and constructing jetties in collaboration with local boat operators.
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Dangote supports NPA -led One stop shop committee with brand new bus for enhanced operations 

Funso OLOJO 
The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote has commended the Nigerian Ports Authority (NPA) for the effective way it has handled the implementation of the Federal Government’s policy on domestic sales of crude oil and refined products in Naira.
To this end, Alhaji Dangote has donated a brand new Coaster bus to the OSS Committee to further ease its operations.
In a letter signed personally, Alhaji Aliko Dangote assured that  his organisation will continue to explore ways of supporting the committee to sustain its successes in the implementation of the presidential directive.
The Letter reads in part: “In recognition of the enormous responsibility placed on shoulders of the One Stop Shop (OSS) by the President and Commander in Chief of the Armed Forces, and our commitment to ensuring the committee delivers on its mandate, I am pleased to donate to the committee one (1) brand new Coaster bus to facilitate the daily discharge of their operations.
“We believe this bus will be used productively by the committee as we continue to look for ways to support and appreciate the efforts of this noble committee
Recall that the Chairman, Technical Sub-Committee, on the implementation of the Federal Government’s policy on domestic sales of crude oil and refined products in Naira, Zacch Adedeji, had during a recent visit to NPA, commended the One-Stop-Shop (OSS) Team, led by the Nigerian Ports Authority (NPA) for ensuring smooth operations of the directive.
He thanked the team led by NPA for “playing a pivotal role in the successful implementation of the presidential directive on the domestic sales of crude oil and refined products in Naira”
 Adedeji said: “We recognize that this pioneering effort is a significant achievement, and no doubt reflects your commitment and patriotism”.
“Thus, we encourage you to maintain the hard work and dedication that has made this initiative a success.
“We also extend our gratitude to all participating agencies for their invaluable cooperation and support,” Adedeji said.
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CRFFN Registrar talks tough over Court judgement nullifying collection of POF, declares Customs agents will continue to pay despite court ruling.

–vows to appeal the judgement. 

Funso OLOJO / Gloria Odion 
The Registrar of the Council for the  Regulation of Freight Forwarding Practice in Nigeria(CRFFN), Mr Kingsley Igwe, has vowed that the Council will appeal the Lagos High Court judgement which nullified the collection of Practitioners Operating Fee(POF) by the CRFFN from Customs Clearing Agents.
It would be recalled that in 2018,  the National Council of Managing Directors of Licenced Customs Agents(NCMDLCA) approached a Lagos High Court in order to stop the collection of the controversial POF which commenced in 2017.
However, seven years later, on May 26th, 2025, Justice D.E Osiagor , ruled that the collection of POF from the Customs Agents by the CRFFN was illegal, contending that the council only have control over freight forwarders but not customs agents.
But in a swift reaction, the Council’s Registrar said the Customs agents are within the sphere of control of the CRFFN and are therefore mandated  pay the POF.
Quoting copiously from the Customs Act 2023, Mr Igwe said the Customs agents are part of the freight forwarding profession.
 ” The Nigerian Custom Service Act, 2023, further reinforces the regulatory role of CRFFN  over customs agents who operate within the freight forwarding value chain, notably Section 106, Subsection 4 of the Nigerian Custom Service Act, 2023, states, and I quote, a customs representative, if you like, a customs license agent, shall be a freight forwarder.
“I repeat, a customs representative, if you like, a customs agent, shall be a freight forwarder, and shall be subject to the regulations and code of conduct of the freight forwarding profession in Nigeria, in this case, a profession regulated by Council for Regulation of Freight Forwarding in Nigeria”
” This provision legally integrates custom representatives into the freight forwarding profession, making them subject to the regulatory control and code of conduct established by CRFFN”
The council Registrar therefore vowed that the court judgement will be appealed.
” The Council’s legal team is thoroughly reviewing the contents, the context and legal implication of the said judgments and reaffirm that where necessary, the Council will exercise its rights of appeal, review or clarification through competent judicial channels”
The Registrar also condemned what he described as a secretive manner in which the court process was carried out without informing the defendants.
“I wish to express deep concern over the secretive manner in which it was issued reportedly without due notice to the defendants as named in the suit.
” Such a process somehow is contrary to expected principles and processes as enshrined in the Constitution of the Federal Republic of Nigeria.
“The Council views this report as the handwork of some mischief makers to derail the peace reforms and progress achieved in the freight forwarding sector in recent times”
He said that the court judgement would not stop the Council from collecting the POF, ” because the appeal never mentioned that they should stop paying POF”
” It only declared it illegal. It didn’t say stop, henceforth.
“So the collection of POF is continuous. And as a matter of fact,this is not against court ruling”
” I want to be clear on that. Because court never said stop collecting. It’s two different things.
“So that people don’t misunderstand it that way. Then, we’re already almost at the point of submitting the appeal. And we will pass the same submission” Igwe declared.
He therefore urged the freight forwarding practitioners to go about their normal duties and continue to pay the POF.
Igwe also declared that the plaintiff, the Council of Managing Directors which instituted the court process is under the control of the CRFFN ” and they will pay and continue to pay the POF”
He therefore asked the freight forwarders to continue to discharge their obligations under the CRFFN by paying the required practitioners fee pending the matter is resolved in the Court.
“POF is not a tax or a revenue level. But a statutory fee gazetted by the Federal Republic of Nigeria and created under the powers conferred on CRFFN by its establishing acts.
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