The Management of Nigeria’s oil and gas logistics giant, Intels Nigeria Limited, has countered claims of the Nigerian Ports Authority (NPA) as it stated that they are not indebted to the agency but are owed more than $750 million.

The Management of Intels who stated that they are not indebted to the NPA but are rather owed more than US$750 million; added that while they are open to an amicable resolution of the contract dispute with NPA, they are also willing to proceed in all appropriate directions to protect its interests and its 5,000 employees. The statement issued on Tuesday which was in response to the termination of its boats pilotage monitoring and supervision agreement by NPA, reads in part; 

“Intels reiterates that, overall, it is not in any way indebted to NPA, but it is instead a creditor of NPA for an amount exceeding US$ 750 million against the financing granted by Intels and associated entities to NPA over time. Intels hopes that the undergoing amicable procedure with NPA may result in clarifications between the parties and a return to normal operations, but it also reaffirms its willingness to proceed in all appropriate directions to protect its own interests, in line with the contractual agreement, and all valid receivable claims against NPA, for the protection of its corporate interests, its 5,000 Nigerian employees and shareholders and those who have been operating in the Country for over 40 years.”


https://unclesuru.com/2019/05/22/intels-not-indebted-to-npa-we-are-owed-750-million-instead-management/

Ikeboboafri:

stop shining teeth

I don't even know what I am reading here.

Owed $750m yet your company has not folded up since? Easy with the lies abeg

Just imagine! Anyway it was open to sane minds. The propaganda power of this vindictive government is really nauseating.

We know say na witch hunt tay tay

MobilityExpress:
Owed $750m yet your company has not folded up since? Easy with the lies abeg

If u have worked in a port b4, you will know it's very possible.

Racoon:
Just imagine! Anyway it was open to sane minds. The propaganda power of this vindictive government is really nauseating.

Are you sure it's about that?

Intels belongs to Atiku and the FG should do the needful by withdrawing intels from our ports.

lomprico:


If u have worked in a port b4, you will know it's very possible.

Yes, I have worked in Apapa port before. In fact, I have even been to the Onne port like 3 times too. $750m = N270 billion. Intels can't survive on that kind of debt. This is pure exaggeration.

If this company is really co-owned by Alhaji Atiku, then I am really afraid for him. Because I heard that this company is his cash cow.

Actually NPA also admitted about owing them $600m in a previous report so I believe this.

Oga your license has been revoked. You can always proceed to whatever where you want as usual

okeyumez:

Intels belongs to Atiku and the FG should do the needful by withdrawing intels from our ports.

Y should d FG do that?

With this persecution of the opposition before the world, APC led govt will chase away serious potential investments from Nigeria.

MobilityExpress:


Yes, I have worked in Apapa port before. In fact, I have even been to the Onne port like 3 times too. $750m = N270 billion. Intels can't survive on that kind of debt. This is pure exaggeration.

And you think the whole money was owed them at once?

MobilityExpress:
Owed $750m yet your company has not folded up since? Easy with the lies abeg

Probably you dunno INTELS .... This company is the sole reason NPA Port Onne is functioning

okeyumez:

Intels belongs to Atiku and the FG should do the needful by withdrawing intels from our ports.

SMH..... Childish reasoning

APC/FG is just acting like a Jealous Woman... So childish.

okeyumez:

Intels belongs to Atiku and the FG should do the needful by withdrawing intels from our ports.

it's owned by an italian by name volpi and the company was formerly known as nicotes.

Let's see how the drama unfolds

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Racoon:
Just imagine! Anyway it was open to sane minds. The propaganda power of this vindictive government is really nauseating.

Sense borrowing is not a crime in nigeria

jaxxy:
Actually NPA also admitted about owing them $600m in a previous report so I believe this.

NPA never admitted such, it was a source in Intels, the sum admitted is about $50m according to the report.

OlujobaSamuel:

NPA never admitted such, it was a source in Intels, the sum admitted is about $50m according to the report.

NPA source actually and they said they will pay it gradually from their revenue. It was in same report where they claimed to terminat intels contract