Eromosele Abiodun

After about two years of bickering, the Nigerian Ports Authority (NPA) has terminated its boats pilotage monitoring and supervision agreement with Intels Nigeria Limited. Intels is a leading integrated logistics and facilities services provider in the maritime and oil and gas logistics sectors of the economy.

In a letter dated March 29, 2019, addressed to the Managing Director of Intels, which was obtained by THISDAY, NPA said the decision to revoke the contract was taken in line with Article 8 (C) of its agreement with Intels, dated February 11, 2011.


The letter signed by NPA’s Assistant General Manager, Legal Services, read in part, “We refer to the agreement dated 11th February, 2011 and 24th August, 2018 between the NPA and Intels Nigeria Limited for the monitoring and supervision of oil industry related activities in the compulsory pilotage districts of the authority (service boat operator).

“The NPA (the principal ) hereby serves on you Intels Nigeria Limited, (the Managing agent) notice of termination in line with article 8 (C) of its agreement with Intels, dated 11th February, 2011, which said notice shall expire three months from the date of this notice of termination.”

In a letter dated March 27, 2019, addressed to the Managing Director of NPA, Hadiza Bala-Usman, NPA’s Executive Director, Finance and Administration, Mohammed Bello-Koko, had accused Intels of non-compliance with the presidential directive and circular on implementation of Treasury Single Account (TSA) and Article 4.1 of the executed supplemental agreement by refusing to remit the sum of $145, 849,309.33 being outstanding service boat revenue generated from November 1, 2017 to October 31, 2018.

“In a letter dated March 6, 2019, Intels alluded to the following as defence for its refusal to comply with terms of executed agreement: that the outstanding revenue of $145. 84 million, which covers the period of November 1, 2017 to October 31, 2018, is not true, that its pledge to pay the sum of $55.70 million as revenue for period from November 1, 2017 to March 31, 2019 is predicated on authority’s payment of $19.67 million. And added that the authority’s fulfilment of the payment is a prerequisite for the reciprocity of rights and obligations of each party in executed agreement.

“That the unreconciled amount of $145. 84 million included revenue expected from both clients under Intels agency and other agents.”

On NPA’s reaction to Intels assertions, Bello-Koko said NPA and Intels had jointly reconciled service boats transactions covering the period of November 1, 2017 to July 31, 2019.

He said, “That the reconciled and jointly signed report covered November 1, 2017 to March 31, 2018 and the associated outstanding reconciled revenue is $55.702 million. However, Intels persistently refused to transfer the agreed amount to TSA, instead, it introduced the concept of reciprocity, which is alien to the executed agreement.

“That the jointly reconciled report for the period of April 1 to July 31, 2018 has been submitted to Intels for signature. That this has not been signed till date. And the outstanding revenue for the period is $49.008 million, which ought to have been transferred to TSA by Intels.”

He added, “That the period from August 1 to October 31, 2018 was reconciled by the authority and forwarded to Intels for review to enable joint agreement. However, Intels has not responded and this has held down further reconciliation. The supplemental agreement stipulates that reconciliation should be monthly but the apparent delay to speed up the exercise appears inconsistent with agreement.

“That the executed supplemental agreement does not provide that revenue transfer to TSA be dependent on conclusion of reconciliation, it is worrisome that an average of 80 percent of revenue is being withheld by Intels while a meagre 20 percent is being paid to TSA. The authority by its letter of March 1, 2019, has given Interls a Grace period of five days within which to remit the outstanding revenue to TSA. However, it is worrisome that about 20 days after no payment was made as requested.”

THISDAY exclusively gathered that it was on this ground that NPA decided to cancel the authority’s agreement with Intels Nigeria Limited.

This decision according a usually reliable source should have come much earlier but had wait to avoid giving the termination political colouration.

The source also admitted that NPA is owing Intels about $600 million which it intends to pay from the revenue source.

On how NPA intends to proceed with revenue collection going forward, the source stated that it was going to go through the process of engaging another company when the termination process is fully executed.

https://www.google.com/amp/s/www.thisdaylive.com/index.php/2019/05/19/npa-terminates-intels-pilotage-contract-over-failure-to-remit-145-84m/%3famp

Intels should sanwo.

Is this a political fight?

OP why not cut the long story short and say someone wants to steal $145million

kunleweb:
Is this a political fight?

No... It's a spiritual battle!

kunleweb:
Is this a political fight?

must everything be about politics to you....!!??

this is business stuff....

you can politice it,if you want.....your choice....

simonlee:

No... It's a spiritual battle!

Keep off my mentions plz. Thx

simonlee:

No... It's a spiritual battle!

dont mind am...

tsdarkside:


must everything be about politics to you....!!??

this is business stuff....

you can politice it,if you want.....your choice....

Have you lost your sense of reasoning?



Now get lost since comprehension eludes you.

kunleweb:




Have you lost your sense of reasoning?



Now get lost since comprehension eludes you.

go and hug something already....anything would do....

kunleweb:




Have you lost your sense of reasoning?



Now get lost since comprehension eludes you.

look....dress up,go out,and hug the next police that you see....

Kid. I'll pass

The two guys above are engaged in a *spiritual* battle... let me settle them once and for all!

Ok

Stories to keep us talking this week

Abeg make i fry yellow plaintain jare

Hmmm

All I want is NwaAmaikpe to come back!!!

Atiku is grounded once and for all. It remains Intels destination inspection of all goods imported into the country. Once that one too is suspended, Atiku is buried. He can then go and increase the school fees of his American University in Adamawa, he can also face his pure water business and start hawking cold pure water in holdups. He will never ever get near Nigeria's treasury to loot again.

kunleweb:



Keep off my mentions plz. Thx

It's like i have your time today

simonlee:

It's like i have your time today

Off my car you schmuck

kunleweb:
Is this a political fight?

It is a political fight.
It is an economic fight.
It is a spiritual fight.
It is a physical fight.

48 Laws of Power
Law 15: Crush your Enemy Totally.

etrouble:
Atiku is grounded once and for all. It remains Intels destination inspection of all goods imported into the country. Once that one too is suspended, Atiku is buried. He can then go and increase the school fees of his American University in Adamawa, he can also face his pure water business and start hawking cold pure water in holdups. He will never ever get near Nigeria's treasury to loot again.

Sorry but how is handling a. Concessioning looting the treasury and how far apart is it from toll fee collection. Please educate me.

kunleweb:



Sorry but how is handling a. Concessioning looting the treasury and how far apart is it from toll fee collection. Please educate me.

Why is the Customs and Excise Department of the Ministry not doing it? Why should it be a private company owned by a serving VP at the time the fraudulent scheme was signed. Should Buhari too establish a private company to start collection of Personal and Company Tax in the country and render FIRS useless just as Tinubu is fraudulently doing with Alpha-Beta Consulting? Think my brethren, think.

etrouble:


Why is the Customs and Excise Department of the Ministry not doing it? Why should it be a private company owned by a serving VP at the time the fraudulent scheme was signed. Should Buhari too establish a private company to start collection Personal and Company Tax in the country and render FIRS useless just as Tinubu fraudulently doing with Alpha-Beta Consulting? Think my brethren, think.

I agree with you my Brotherly 100%. You're a prudent man that takes no side. I'm on the same side. Fraud everywhere in the country. Fraudsters marauding themselves in white cloths. All of them. I repeat all of them.

kunleweb:



I agree with you my Brotherly 100%. You're a prudent man that takes no side. I'm on the same side. Fraud everywhere in the country. Fraudsters marauding themselves in white cloths. All of them. I repeat all of them.

It saddening when you see semi literates like Atiku, educated treasury looters like Tinubu, Fashola, Wike, Obasanjo living like Sultans of oil rich Arab nations while millions are dying of hunger. Tinubu said he is richer than Osun State and he is right. Atiku with just a Diploma from ABU is richer than each of the states in Nigeria. imPatience Jonathan cannot even pronounce her account balance, the figures are too long for her comprehension. Atiku said that Obasanjo told him that he(Obasanjo) had only 20,000 bal in his account when he was released from prison after Abacha's death, yet today, Obasanjo is richer than any state in Nigeria. This is same for most of the heartless politicians across parties.

But, I know, one day, one very day, very very soon, the Nigerian people will revolt and take their country back from the generational looters in PDP, APC and all other mushroom party. Nigerian people will set themselves free one day.

Hello Atiku

Another company

Atiku don Los this one oo! POLITICS don chop him money.. Chai

$145.84million

Money wey eye can't see or touch.

Buhari, APC and vindictiveness , Atiku it's well..

They will sort themselves out.

Let them sort this out once and for all. You can't imagine the thousands of jobs lost as a result of the closure of Intel.