BUA Ports and Terminals Limited, a subsidiary of BUA Group, has reopened its Portharcourt terminals shut down by the Nigerian Ports Authority (NPA) last year.

In October 2019, the ports authority decommissioned the whole concession arrangement which BUA Group got in 2006, claiming that the unsafe operational environment of the jetty (BUA concession area) needed urgent repairs and reconstruction.

POLITICS NIGERIA reports that the NPA and the company have been in a dispute over a port terminal in Port Harcourt, Rivers state. The Company, however, accused NPA of breaching the court process. Meanwhile, in a statement obtained by this newspaper on Wednesday, the company informed the public that the notice of termination issued by the NPA has been withdrawn.

"The Ongoing arbitration at the London Court of International Arbitration (LCIA) be discontinued, and the BUA terminals be reopened immediately for operations," the company announced.

The management disclosed that decision is in line with the "earlier and consistent stand that all parties respect the content and spirit of the concession agreement for the facility."

"We also want to thank you unequivocally - our dear customers, employees, dockworkers and other stakeholders for your patience, support and for keeping faith with us throughout this period."

"BUA remains committed and has put in place structures to develop a best-in-class terminal at the Rivers Ports to serve not only users of the Rivers Ports but also, the recently constructed $400 million foods manufacturing complex adjacent to the terminal."

"BUA remains a law-abiding corporate citizen and is looking forward to working with the management of the Nigerian Ports Authority in resolving any outstanding issues and making the Eastern Ports one of the best in the country," the statement read in parts.

Source: https://politicsnigeria.com/just-in-bua-reopens-bua-ports-and-terminals-for-business/

Way to go . We can't lock down our mono-economy because of Covid 19 that might be with us for a long time. Let's open every sector of the economy and have our lives back. We will treat Covid 19 like other diseases, surely people must die, but live must go on.

That's a good one if it going to have any positive effect on people of PH.

And for you .sleek214(m). You stole my FCT. This is just the beginning of our war

However, OP look like a Slay Queen..

This man is silently rich

You hardly hear from this man, silent trillionaire...

Back 2 normal hopefully

Thank God

IPassYahoo:
This man is silently rich

i tell you

The only legit business man from the north I love after him then Azman Air.

Damnnnnn niggarrr
Isoright

Bua is exempted from those to close down their businesses cos he had paid.

Bua and co. that donated to the COVID-19 scam are free to open their businesses.

This information is from the presidency

Good one

good news. things are regaining normalcy. If you can supply airtime 5k to 10m, contact 0909--6--3-00200. Only serious persons please. We have an online presence even here on Nairaland with over 5366 positive feedback.May God heal us of covid19.

Good news.... F.uck corona!

H

BUA means Cow in my dialect.

This BUA guy... I am not sure there's anyone from the SS or SE outside politics and oil business that's as rich as this guy

The money man himself

Nice one
baba go and make more more
las las we go dey alright

他们想要我的心灵，灵魂和我的身体。秘密社会试图盯着我。 但是我会把它隐身在一个他们找不到我的地方！해튜켜큐코너 ㅁㅎ녘 노뉴너뉺캬ㅓㄴㅎ누넌ㅍ녀뉴논 킄ㅍㅋ ㄴ 큐. ㅓ뉴너뉸 人士官长 者勿

Issorite

Covid-19 donations has yield good result

The next richest black man after dangote loading, after him it will Azman, all from my city my state, my beloved Kano. We are blessed.

Haters how market.

Coldie:
This BUA guy... I am not sure there's anyone from the SS or SE outside politics and oil business that's as rich as this guy

What of SW?
Afonja ediot

Coldie:
This BUA guy... I am not sure there's anyone from the SS or SE outside politics and oil business that's as rich as this guy

Maybe you are right

But guess what?

It does not matter.

There are many many many multimillionaire (well in NGN sha) from the SE

To me
If you have assets worth N50m upwards
You try and you are a 1% in Nigeria

Guess what
Many many SE folks fall in that bracket

IPassYahoo:
This man is silently rich

He is a silent person
But his wealth still makes headlines

He deserves to open, the amount he has donated towards fighting this virus is unprecedented. Kudos to BUA

So the man carry them go London Court of International Arbitration ?

So they wanted to scam the man ?

No time.

[s]

DexterousOne:


Maybe you are right

But guess what?

It does not matter.

There are many many many multimillionaire (well in NGN sha) from the SE

To me
If you have assets worth N50m upwards
You try and you are a 1% in Nigeria

Guess what
Many many SE folks fall in that bracket

[/s]

You are a talkative and you talk like a tout

Read the empty trash you wrote ! That retárd made you come off as extremely unintelligent.

Learn to not respond to every idiot you see online so you can be perceived as wise