vanguardngr.com/2012/03/why-we-awarded-waterways-contract-to-tompolo-fg/

The Federal Government, yesterday, explained that the Strategic
Concessioning of the nation’s waterways to Global West Vessel Specialist
Agency, GWVSA, by Nigerian Maritime Administration and Safety Agency,
NIMASA, has not in anyway displaced the Nigerian Navy from performing its
statutory security roles on the nation’s territorial waters.
The Minister of Transport, Sen. Idris Umar, told journalists in Abuja, that
contrary to speculations in many quarters, GWVSA would only provide
platforms, security boats, equipment and expertise to help in securing the
nation’s waterways and thereby raise revenue and that its staff will not bear
arms.
Besides, he disclosed that the company, said to be owned by ex-militant
leader, Chief Government Ekpemukpolo (aka Tompolo) would provide the
entire $103 million investment and would only get paid after surpassing
NIMASA’s annual revenue collection profile.
His words: “Under the MIMASA (Nigerian Maritime Administration and Safety
Agency) Act it is empowered to take charge of administration and the safety
of our waters.
“And under the same Act, NIMASA has been empowered to carry out its
functions, duties and responsibilities under the Act either by itself or through
any institution of the government or any agency of government or in
partnership with any institution of government or in partnership with any
agency of government or through or in partnership with any natural person
on limited liability company like the Global Ways Limited which has now
entered into partnership with NIMASA.
“The mandate of that company in the country and the functions under the
terms of the contract is to provide platforms, equipment and expertise to
ensure the safety of the waters.
Staff not going to bear arms
“The staff of this company are not going to bear arms, let me emphasize. That
is the responsibility of the Nigerian Navy. The company is not going to bear
arms. It can only provide expertise. It is to provide platforms, it is to provide
security boats, it is to provide equipment that are required to carry out
surveillance of our territorial waters. So people should not make the mistake
that government has concessioned the security of our waterways to private
company.
Need to partner with private sector
“Because of the enormity of the capital required, like I said in my earlier
presentation, that government alone cannot finance everything, we need to
partner with the private sector and I want to make it very clear, that it is on a
“no cure: no pay” basis and what that means is that the company will only be
entitled to payment after it has exceeded the amount of revenue that NIMASA
collected in the past. And in this case, we are using 2010 and 2011 as
benchmark.
“It is only after it has exceeded the benchmark that it will be paid by
government and this benchmark will be reviewed upward every three years.
And don’t forget that NIMASA officials will be there to monitor the company’s
activities.
“For instance, if in 2010 and 2011, which ever was higher, NIMASA was able
to raise $ 100 million in a year, then in 2012, the company will only be
entitled to payment after it has exceeded that $100 million benchmark.
“Whatever it is able to raise after the $100 million is what it will be entitled to
collect its fee from which is 50 per cent of the revenue. If it is unable to
meet the benchmark, then it will not be entitled to anything.
“The company’s fee is to enable it recoup its investment because they are
going to invest about $103 million. Government is not going to give them
this money. They are to realise the money from collection of fees under the
NIMASA Act.
“They are encouraged to work for higher collection because the more they
collect, the more they get. So they are encouraged and they are challenged.
So if in 2015 and 2014, they are able to reach $200 million per annual, then
the bench mark will be $200million which will continue after every three
years and that will put them on their toes and of course MIMASA is there to
watch them.”
MoU between NIMASA, Navy
The minister explained that there exists, a Memorandum of Understanding,
MoU between the NIMASA and the Nigerian Navy, in which the latter has
been empowered to protect the nation’s waterways and that the deal remains
in place.
“There is a memorandum of understanding between MIMASA and the Navy.
MOU was established because of the law establishing MIMASA which gives
MIMASA the power of administration and ensuring safety of our territorial
waters.
“Because of the security aspect involved, MIMASA has to partner with the
Nigerian Navy, so that navy will provide the required security in terms of
handling of arms in the nation’s territorial waters.
“People have been making a lot of insinuations, saying that our waters have
been concessioned to militants. It is very irritating. This is absolutely wrong.”
Sen. Umar disclosed that the federal government efforts at rehabilitating the
rail system has been making a steady progress, with Lagos – Jebba segment
having been completed and Jebba-Kano reaching about 85 per cent
completion.

I hope this is untrue . . . I mean the terrorist connection.

Boko Haram, please go and collect your own share or keep bombing.

So na like this e go dey dey??

You arrange ur selves, start bombing then you are called for negotiation and settlement in the sharing of the cake!

Am off to my village ASAP! any pipeline that passes thru go hear weeeeeeeen!

What previous expertise and experience does this company have? What are its capital sources? It is pathetic that government officials in Nigeria think they can take the most negative decisions for the country and explain them away with even more ludicrous explanations.

Na wao . .so Tom Polo is this wealthy . . .Miltancy does pay in this country . . . Damn !!

Hmm, one minute you are shelling and bombing his (ekpemupolo's) camp and he is returning back the compliment and the next minute he's an astute business man winning government contracts, my teacher's who taught me that "crime doesn't pay have been proven SO WRONG!

ex-militants, ex-kidnappers and ex-boko harams for FG contracts encouraging those of us who are yet to get involved to make up their minds.
it is a shame that loyalists and law abiding citizens are the real losers in this jungle called nigeria.

This is mindless and insulting to Nigerians, nuff said.

okay.

It's called touting on the waterways...

jmaine: Na wao . .so Tom Polo is this wealthy . . .Miltancy does pay in this country . . . Damn !!

why u think say dem start in the first place. na their pocket every man dey fight for o !

[quote author=maclatunji]What previous expertise and experience does this company have? What are its capital sources? It is pathetic that government officials in Nigeria think they can take the most negative decisions for the country and explain them away with even more ludicrous explanations. [/quote my brother you've said it all .... I voted for jonathan not pdp. b..a..s..t..a..r..d..sthis is All he knows best rocking LIFE

S@NNiE:
vanguardngr.com/2012/03/why-we-awarded-waterways-contract-to-tompolo-fg/

His words: “Under the MIMASA (Nigerian Maritime Administration and Safety
Agency) Act it is empowered to take charge of administration and the safety
of our waters.
“And under the same Act, NIMASA has been empowered to carry out its
functions, duties and responsibilities under the Act either by itself or through
any institution of the government or any agency of government or in
partnership with any institution of government or in partnership with any
agency of government or through or in partnership with any natural person
on limited liability company like the Global Ways Limited which has now
entered into partnership with NIMASA.

Translation: NIMASA will work with whoever the heck we want to. We don't don't give a hoot want you guys think.

“The company’s fee is to enable it recoup its investment because they are
going to invest about $103 million. Government is not going to give them
this money. They are to realise the money from collection of fees under the
NIMASA Act.

Translation: Waterway users had better pay up, these militants are the going to be taxing your butts.

They are encouraged to work for higher collection because the more they
collect, the more they get. So they are encouraged and they are challenged.

Translation: They aren't playing, pay up!!

In effect the explanation given by the minister is complete hogwash. Anyhow he cuts it, it appears Tompolo and his gang will be running the waterways.

Fresh Air

It is their resources!

On the other hand, what happens to other law abiding ND citizens

dis guys would make over $100m and still make another $150mil for himself, he knows wats up and thats how our country works, wen u threaten and do gragra, govt go bow.

i wish dem luck

See what i always tell all those brainless people from the ND that come here and praise the MEND criminals?

While you people remain stuck in your poverty, ask yourselves how Tompolo came up with the $103 million to invest in this business. That's 16.4 billion naira.

ignorant children whining "it is their oil" and "they are fighting a just battle". Pathetic

Nothing but reinforcement of vices. God take control pls

Most educated country in the world..also the only place where a criminal can easily become a leader.

People are therefore advised to form ruthless gangs here and there as this is a sure way of partaking in the national cake.

2014 you see him contesting for the governorship election. I dey laugh wit my yansh.

kholis: People are therefore advised to form ruthless gangs here and there as this is a sure way of partaking in the national cake.

On nairaland?

This is only dumb president on earth.

It all depends on how you see urself, Life is not based on what we see, but we should think more on what we dont see, Keep doing the right stuff, let the evil keep doing the wrong stuff, there is no peace for the wicked, and moni cant buy peace, if you get close to these guys, they dont have peace, i mean you wont trade your peace for their dough......unfortunately is our moni......Time is running out for them...i rather have my peace than get their kind of moni.

Veri soon this guy wud be contesting 4 governoship in Delta state,don't be suprise he wud sure win.we r at it.rogue 2 rogue.we in trouble .

I think the badbelle on this thread is getting out of hand. People are jealous of Tompolo a hardworking gentleman with business sagacity to pull 103 USD transaction with the goodluck regime.

The President promised fresh air and it has gone the way of Goverment Ekemopolo. One need be shrewd and astute enough like bro Goverment for him to have Fresh Airy.

I make a formal call on my fellow Nairalander this day. Let us all come together and form the Nairalan Resistance Army. Everybody carry you hammer, cutlass, bow and arrow, bomb, gun, knife etc. Lets cause confusion on Nigerian cyber space for 3 months, FG go call us make we negotiate, den we gp hammer billions of naira plus contract to monitor cyber crime in Naija. I don talk my own. A word is enough for the wise! lwkmd 4 my country o.

Akpaamu: It all depends on how you see urself, Life is not based on what we see, but we should think more on what we dont see, Keep doing the right stuff, let the evil keep doing the wrong stuff, there is no peace for the wicked, and moni cant buy peace, if you get close to these guys, they dont have peace, i mean you wont trade your peace for their dough......unfortunately is our moni......Time is running out for them...i rather have my peace than get their kind of moni.

Eyah! the tin pain dis guy no be small o. See as him go spiritual. Bros no worry ur time dey come ..

Akpaamu: It all depends on how you see urself, Life is not based on what we see, but we should think more on what we dont see, Keep doing the right stuff, let the evil keep doing the wrong stuff, there is no peace for the wicked, and moni cant buy peace, if you get close to these guys, they dont have peace, i mean you wont trade your peace for their dough......unfortunately is our moni......Time is running out for them...i rather have my peace than get their kind of moni.

Peace to buy fuel for gen, employ your Police stationed at the gate, be afried the Police will extort you and leave the criminal alone and have you water supply.

Peace on bad roads, unstable school programs and have to hear such sickening news every now and then.

That is not the peace you pray and want.

kokoA: I make a formal call on my fellow Nairalander this day. Let us all come together and form the Nairalan Resistance Army. Everybody carry you hammer, cutlass, bow and arrow, bomb, gun, knife etc. Lets cause confusion on Nigerian cyber space for 3 months, FG go call us make we negotiate, den we gp hammer billions of naira plus contract to monitor cyber crime in Naija. I don talk my own. A word is enough for the wise! lwkmd 4 my country o.

Name, address, occupation, place of birth, girl/boyfriend, wife or loved ones address must be disclosed before we start. Starting from you.