The Presidential Campaign Organisation of the All Progressives Congress has challenged the Federal Government and the Nigerian Maritime Administration and Safety Agency to account for the $800 million and N50 billion of the Cabotage Vessel Finance Fund.

The APC campaign said NIMASA had control of the funds until recently when the “fund” became unaccounted for.

This was contained in a statement signed by the campaign’s Director of Media and Publicity, Malam Garba Shehu in Abuja, on Tuesday.

He explained that the “fund” was money derived as two per cent surcharge for all contracts under the Cabotage regime which came into force in 2004 by the virtue of the Coastal and Inland Shipping Act (Cabotage) 2003.

Shehu said the Cabotage Act, which was closely modelled after the United States of America’s Jones Act 1938, was to help develop the capacity and participation of indigenous ship owners in coastal inland trade which was largely dominated by foreigners.

He, however, said that till date the objective is yet to be achieved as seen in the depleted Indigenous Ship Owners Registry, the mass unemployed Nigerian Seafarers, and the prevalence of foreign interests in the Nigerian coastal waters.

The statement partly read “Instead, the Cabotage regime breeds corruption, ranging from request of inducement and gratification from foreign ship owners through their agents for waivers processing by NIMASA and approval of the Federal Ministry of Transport by some top workers of the agency to the disappearance of the CVFF Fund meant to be accessed by the Nigerian ship owners.

“The website of the Nigerian Ship Owners Association shows that 90 per cent of its 78 registered ship owners are on the brink of extinction as they are submerged in debts without the necessary CVFF to access.”

Shehu, also said that Nigerians deserve to know what happened to the money accumulated under the CVFF Fund amounting to some $800m and N50 billion respectively that the agency should make public the list containing names of beneficiaries and amounts from the “fund” if any.







http://www.punchng.com/politics/apc-asks-fg-to-account-for-800m-fund/

This administration stinks of corruption ordinary stealing.

How much is $800m that we should send people to jail ...GEJ.

Behold end of corruption ordinary stealing.


March4Buhari

More still coming up


Propaganda and lies

APC party of lies, ingrates and desperation

...Nigeria returned to democratic governance in 1999 and since then, the Peoples’ Democratic Party (PDP) has been in power at the center. Nigeria has had its ups and downs since that time but what is the experience of Nigerian citizens? The Web Pollster is starting another opinion poll to gauge the mood of #nigerians regarding how they’ve fared in the past 6 years?

Are you better off now than you were 6 years ago before President #jonathan was sworn in as president after the death of President Umaru Yaradua? If the economy of a country is getting better, the people feel it before they see official published statistics. Are Nigerians living a higher quality of life now than before because they have access to better, good paying jobs, better healthcare, better education and infrastructure, power or electricity that has removed the need to invest in diesel generators? What is your perception of corruption in the country? Do you feel opportunity is being expanded for all or most of the opportunities in the land is limited to a privilege few who are in government?

Follow links in my signature, NL is blocking any information that does not or may not favour the current government..

USELESS PEOPLE THEY'RE CHANGING TONE FROM BOKO HARAM TO ACCOUNT FOR MONEY, YOU PEOPLE WILL STILL TIRE (#WHEREISBUHARI) (#BRINGBACKBUHARI)

it is true! and please use the education u have, if any to investigate!

menesheh:
More still coming up


Propaganda and lies

APC party of lies, ingrates and desperation

Nope it seems you Nigerians are always in love with your oppressors....with money missing left right and centre...all you can type is this gibberish!

nzeadachie:
USELESS PEOPLE THEY'RE CHANGING TONE FROM BOKO HARAM TO ACCOUNT FOR MONEY, YOU PEOPLE WILL STILL TIRE (#WHEREISBUHARI) (#BRINGBACKBUHARI)

praxisnetworks:
it is true! and please use the education u have if any to investigate!

[size=15pt]please use the education u have if any [/size]

praxisnetworks:
Nope it seems you Nigerians are always in love with your oppressors....with money missing left right and centre...all you can type is this gibberish!

YOU BELIEVE THEM? WELL YOU'RE AMONG THEM YOU HAVE TO BELIEVE THEM, THEY'RE NOT CAMPAIGNING WITH BOKO HARAM AGAIN NOW IT'S ACCOUNT FOR MONEY

tunwumi:
This administration stinks of corruption ordinary stealing.

How much is $800m that we should send people to jail ...GEJ.

Behold end of corruption ordinary stealing.


March4Buhari

Some people sabi speak English wella especially GEJ's mata

the two of them are not saints but any opportunity that can make we citizens ask qyuestions should be embraced!
I saw you SURE-P peeps at Ikire and I wondered if Okonjo Iweala will be having a nice sleep if her children were among such "gainfully employed" youths in black!

nzeadachie:
YOU BELIEVE THEM? WELL YOU'RE AMONG THEM YOU HAVE TO BELIEVE THEM, THEY'RE NOT CAMPAIGNING WITH BOKO HARAM AGAIN NOW IT'S ACCOUNT FOR MONEY

Even if jonathan die today, he might not rest in peace. This guy has stolen so much and allowed others to steal even more.
Jonathan, may God destroy your membership card like obj did to his.

APC cannot do without lies and fabrications to deceive the youths of today who are online!

The present heat on boko haram is showing in the camp of apc and their boko.hari movement everywhere!!
APC Next move will be minister of agric ate all the farm produce for year 2013 and 2014!!

Yeye party and evil people.
Lie lie party and crooks, touts,arsonists!

this is big money oo...but it will only be justifiable if man can take it to heaven or bribe God.

y is jonah just tackling boko haram?

ZKOSOSO:
APC cannot do without lies and fabrications to deceive the youths of today who are online!

The present heat on boko haram is showing in the camp of apc and their boko.hari movement everywhere!!
APC Next move will be minister of agric ate all the farm produce for year 2013 and 2014!!

Yeye party and evil people.
Lie lie party and crooks, touts,arsonists!

How wil dey explain abeg o no explanation<stealing is nt corruption> dnt forget the PDP MOTO:

They'l want to close the case now. The money no be small o, make they account for it ASAP

I guess APC has run out of ideas.
I so much love this election postponement.
APC keep them lies coming Fayose is there to burst them.
In other news.
How you living Mr Ayo Fayose for exposing APC lies and propaganda?
Ans: In Mansion and Benzes giving headache to APC and it feels stupendous.
How you feeling Mr Femi Fani Kayode for dumping APC?
Ans: Am feeling good like never before.
APC is dead and is on the news.
How do you feel going back to PDP Mr Barcanista?
I feel at home.
Is been a long time coming and am glad am finally home.
Just like the biblical prodigal son i've realised my mistakes and gone back to PDP.
In Jonathan we have seen real and positive change.
Vote Wisely GEJ 2019

praxisnetworks:
Nope it seems you Nigerians are always in love with your oppressors....with money missing left right and centre...all you can type is this gibberish!

spot on Bro!. Most of them can never even have the opportunity to be in the same room with any child of these thieving politicians, yet they blindly support them while being robbed daily.

let them account for their loot in Lagos too. Pharisees

ook

The APC campaign said NIMASA had control of the funds until recently when the “fund” became unaccounted for.

Missing is our Official Language.

Our girls are missing

Our money is missing

Our oil is missing

Presently our government is missing the road.

We need Change

We need Buhari

All missing funds and girls will be discover.

This man just wan empty naija

This Goodluck's administration is just not it. We are not moving forward.

Intresting

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ok na

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