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CVFF: Waiting game continues as NIMASA bids time for disbursement. 

Funso OLOJO 
There may be no respite yet for the weary Indigenous ship owners as they still have to wait for the disbursement of the controversial Cabotage Vessels Financing Fund(CVFF).
This is because the new management of the Nigerian Maritime Administration and Safety Agency NIMASA (NIMASA) said it was bidding its time to avoid past mistakes.
It would be recalled that the fund is yet to be disbursed 18 years after it was set up by the Cabotage Act of 2006.
Speaking at the interactive session with maritime media on Monday, August 12th, 2024, the Director General of NIMASA, Dr. Dayo Mobereola, acknowledged the propriety of disbursement of the fund but said the government would not rush into the exercise, 18 years after, to avoid the pitfalls of the past similar project.
” We are taking our time” he declared. It (CVFF) would soon be disbursed” he assured.
He however said the government is trying to avoid the mistakes of the Ship Building and Ship Acquisition Fund (SBSA) fund which he claimed was grossly mismanaged.
“We did not want to make the mistake of the past effort which was mismanaged.
” That was when such past intervention fund was given to the wrong people which did not benefit the nation and the ship owners.
” We want to do it right this time around so that it would not be start and stop exercise but continuous when we start.
” We want it to benefit not only the ship owners but the maritime sector” the NIMASA DG declared.
He disclosed that the present management of NIMASA was looking beyond using the fund to purchase vessels for the beneficiaries of the loans but the availability of the cargo those vessels would carry.
” CVFF is not about the vessels alone. It is also about demand.
” What exactly these vessels are going to carry?
” So we are also working on the issue of ensuring that there is steady cargo for the vessels so they will not be lying fallow but make revenue for the sector,”  Mobereola said.
He said the fund is still intact and domicile with the Federal government.
Mobereola further disclosed that the agency was looking for every opportunity to disburse the fund for the benefit of the ship owners and the shipping sector.
” The strategies and decisions taken 20 years ago about its disbursement have become obsolete and there are many new opportunities now and we will be doing ourselves an injustice if we don’t put into consideration what is happening now, not only in Nigeria but internationally before we start to disburse the fund” he noted.
It could be recalled that the previous NIMASA administration and government have put up comprehensive guidelines and templates for disbursement.
The immediate past NIMASA administration led by Dr Bashir Jamoh was particularly upbeat about the disbursement of the fund while the former Minister of Transportation,Alhaji Muazu Sambo, staked his integrity and swore that he had secured the approval of his former boss, former president Mohammadu Buhari to disburse the fund.
But all these later turned out to be a grandstanding and public display of hollow commitment as the CVFF remains undisbussed 18 years after.
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Taiwo Afolabi maritime conference marks 10 years, holds July 20–21

Taiwo Afolabi

Gloria Odion, Maritime Reporter

The Taiwo Afolabi Annual Maritime Conference (TAAM) will celebrate its 10th anniversary on July 20–21, 2026, with organisers set to host what has grown into West Africa’s largest student-led maritime conference at the University of Lagos.

Organised by the Maritime Forum, University of Lagos, in partnership with SIFAX Group, the conference is expected to attract more than 2,000 participants drawn from government, academia, the maritime industry, corporate organisations and the media.

Over the past decade, SIFAX Group has remained the conference’s foremost supporter, helping to transform TAAM into a leading platform for youth engagement, maritime policy dialogue, industry collaboration and capacity development.

The milestone edition will be held under the theme, “Ten Tides of Impact: Raising a Generation to Position Nigeria as Africa’s Blue Giant,” reflecting the conference’s commitment to nurturing future maritime leaders and advancing Nigeria’s blue economy aspirations.

This year’s programme will feature keynote presentations, panel discussions and policy dialogues involving prominent stakeholders, including maritime lawyer Dr. Emeka Akabogu; the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola; the Vice-Chancellor of the University of Lagos, Prof. Folasade Ogunsola; Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi; President of the Women’s International Shipping and Trading Association (Nigeria), Dr. Odunayo Ani; as well as representatives of the Danish Consulate and other leading maritime organisations.

President of the Maritime Forum, Dare Tunde Damilola, described the 10th anniversary edition as more than a commemorative event, saying it represents a legacy platform aimed at strengthening collaboration between academia and industry while preparing the next generation of maritime professionals and policymakers.

According to him, the conference seeks to stimulate meaningful conversations on the future of Nigeria’s maritime industry, bridge the gap between classroom learning and industry practice, encourage innovation and leadership among young people, deepen stakeholder engagement across the maritime ecosystem, and create opportunities for networking, mentorship and career development.
Also speaking, Olumuyiwa Akande, Group Head, Corporate Communications at SIFAX Group, said the company’s sustained support for the conference underscores its commitment to developing human capital for the maritime sector.
He noted that TAAM has become a strategic platform for connecting academic knowledge with practical industry experience while inspiring university students to pursue careers in the maritime industry.
A major highlight of this year’s event will be the anniversary edition of the Blueprint Debate Competition, one of the conference’s flagship intellectual programmes.
Since its inception alongside the conference in 2016, the competition has evolved into a nationally recognised platform where university students engage in rigorous debates on maritime, economic, governance and public policy issues, further reinforcing TAAM’s role in shaping informed future leaders for Nigeria’s maritime secto

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As NRC recovers ₦200m stolen railway assets, Opeifa vows diligent prosecution of suspects

— assures sustained collaboration with security agencies 

 Funso OLOJO, Editor

The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has reaffirmed the Corporation’s commitment to protecting railway infrastructure through sustained collaboration with the Nigeria Police Force and other security agencies, following the recovery of stolen railway materials valued at about ₦200 million.

Dr. Opeifa gave the assurance during a courtesy visit to the Commissioner of Police, Oyo State Command, CP Olugbenga Ayodeji Abimbola, at the Command Headquarters, Eleyele, Ibadan.

The NRC boss, who was accompanied by the Commissioner of Police, Nigeria Railway Police Command, CP Lasisi Titilola, stressed that the Corporation would ensure the diligent prosecution of all suspects arrested for vandalising railway facilities to serve as a strong deterrent against future acts of sabotage.

He praised the Oyo State Police Command and the Nigeria Railway Police Command for their professionalism and swift response, which led to the arrest of three suspected railway vandals and the recovery of railway materials worth approximately ₦200 million.

According to him, the suspects were apprehended during an intelligence-led operation while allegedly transporting vandalised railway materials from Niger State to Lagos.

Describing the operation as a significant breakthrough in the fight against railway vandalism, Dr. Opeifa said it underscored the effectiveness of the growing partnership between the NRC and security agencies in safeguarding critical national infrastructure.

He reiterated the Corporation’s resolve to deepen collaboration with the Police, other security agencies, state governments, host communities and relevant stakeholders to curb vandalism, theft and other criminal activities capable of disrupting railway operations across the country.

The NRC Managing Director also appealed to members of the public to support the campaign against railway vandalism by providing credible and timely information to security agencies.

“The Nigerian Railway Corporation remains committed to delivering safe, reliable and sustainable rail transportation while working closely with security agencies and other stakeholders to protect the nation’s railway infrastructure,” Dr. Opeifa said.
In his response, the Commissioner of Police, Oyo State Command, CP Olugbenga Ayodeji Abimbola, called on the National Assembly to strengthen existing laws protecting critical national infrastructure by prescribing stiffer penalties for vandals.
He warned criminals to steer clear of Oyo State, assuring that the Command would continue to track, arrest and prosecute anyone involved in the destruction or theft of public assets.
CP Abimbola disclosed that the three suspects, along with the recovered railway materials, would be handed over to the Nigeria Railway Police Command for further investigation and prosecution.

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NSC marks 31 years of maritime judicial capacity building with 18th international seminar for Judges

Gloria Odion, Maritime reporter 

The Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, will commemorate 31 years of judicial capacity development in Nigeria’s maritime sector as it hosts the 18th International Maritime Seminar for Judges from July 22 to 24, 2026, in Abuja.

The biennial seminar, organised in collaboration with the National Judicial Institute (NJI), will take place at the Ballroom of the Ladi Kwali Conference Centre, Abuja Continental Hotel, from 9:00 a.m. to 3:00 p.m. daily.

Established in 1995, the International Maritime Seminar for Judges has become Nigeria’s foremost judicial capacity-building programme in maritime law and admiralty practice, providing a platform for strengthening the administration of maritime justice and aligning the country’s legal framework with evolving global standards.

This year’s edition is expected to bring together senior judicial officers, maritime law experts, policymakers, regulators and industry stakeholders from Nigeria and across Africa to deliberate on contemporary legal issues affecting the maritime industry.

The Secretary to the Government of the Federation, Senator George Akume, will chair the event, while the Minister of Marine and Blue Economy, Adegboyega Oyetola, will serve as the Chief Host.

The Minister of the Federal Capital Territory, Nyesom Wike, is the Host of the seminar.

The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, will attend as the Distinguished Guest of Honour, while the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, will participate as the Special Guest of Honour.

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), will grace the occasion as the Guest of Honour.

The seminar is designed to enhance the capacity of judges and legal practitioners in maritime adjudication, promote consistency in judicial decisions and strengthen the legal environment required to facilitate international trade, attract investment and support the sustainable growth of Nigeria’s marine and blue economy.

Participants will examine a wide range of emerging issues in maritime law through presentations by distinguished jurists, renowned maritime lawyers, academics and international experts.

Key discussion areas include the implementation of the Admiralty Jurisdiction (Procedure) Rules, 2023, ship mortgages and judicial sale of ships, maritime cargo claims under the port concession regime, arbitration and hybrid dispute resolution mechanisms, as well as the legal implications of demurrage, detention and storage charges in international shipping.

The seminar will also explore how Nigeria’s maritime dispute resolution system can be better aligned with international best practices to improve investor confidence and enhance the competitiveness of the country’s maritime sector.

In a demonstration of its growing continental relevance, the event is expected to attract Chief Justices from The Gambia, Ghana, Kenya, Liberia and Sierra Leone, alongside judges from their respective judiciaries.

Also expected are Justices of the Supreme Court and Court of Appeal, Judges of the Federal and State High Courts, legal advisers, in-house counsel, maritime practitioners, academics, regulators and other stakeholders from across the maritime industry.

The Nigerian Shippers’ Council said the seminar underscores its enduring commitment to strengthening maritime justice through continuous judicial engagement, knowledge sharing and the development of a robust legal framework capable of supporting efficient dispute resolution, facilitating trade and advancing Nigeria’s marine and blue economy agenda.

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