₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 1,963,555 members, 4,093,459 topics. Date: Tuesday, 20 February 2018 at 06:33 AM

Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers (4123 Views)

FG Approves N1.5bn Advert Bill To Drive $1bn Tax Revenue / CBN Introduces New Charges On Bank Deposits And Withdrawals / Skye Bank Takes Over Obat Oil Over N1.5bn Debt (1) (2) (3) (4)

(0) (Reply) (Go Down)

Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by eyesoflagostv: 3:57am On Feb 13
TERMINAL OPERATORS WAIVE N1.5BN CHARGES ON STRANDED TCN CONTAINERS
source: http://www.eyesoflagos.com/2018/02/terminal-operators-waive-n15bn-charges.html

Container terminal operators at Nigeria’s seaports have waived N1.5 billion on 500 containers carrying power equipment belonging to the Transmission Company of Nigeria (TCN). The terminal operators under the auspices of Seaport Terminal Operators Association of Nigeria (STOAN) said yesterday that they decided to waive the amount on the TCN containers in support of the federal government’s efforts to ensure steady supply of electricity in the country. STOAN’s spokesman, Bolaji Akinola said, “We are not unmindful of the fact that electricity is the most important commodity for national development. Stable electric power supply is an empowerment and an enabler for people to work from the domestic level and the cottage industries, through the small-scale and medium industries to employment in the large-scale manufacturing complexes. “We took this bold step in support of the government’s effort to ensure steady power supply and accelerate economic development. In April 2016, the office of the Vice President set up a committee comprising of the Ministers of Finance, Transport, Power, Works and Housing, along with the Comptroller-General of the Nigeria Customs Service to look into the stranded power equipment containers in the ports. “As a result, terminal operators and shipping lines were invited to a meeting on April 5, 2016 at the office of the Minister of Power, Works & Housing. We agreed at the meeting to a 50 percent storage waiver ending April 30th 2016 for the power projects while the shipping lines agreed to 75 per cent waiver on demurrage. “The government however could not make payments for the containers and storage continued to accrue and then, we were called again to a meeting on 1st September 2016. Because we are committed to the well being of Nigeria and Nigerians, we still went ahead to honour the April 2016 agreement. The implication of this was that we had to waive additional charges that accrued as storage over another one year period from April 2016 to when payment was made in March 2017”. The federal government confirmed in January 2017 that it had taken delivery of the 500 power equipment containers from the port. The Minster of Power, Works and Housing, Mr. Babatunde Fashola, made the announcement while receiving a 20-year Transmission Expansion Master Plan presented by the interim managing director of TCN, Usman Gur Mohammed, in Abuja. Fashola said the containers containing transmission equipment had been deployed to TCN sites, adding that the delivery of the containers was in line with a presidential mandate to improve the capacity of TCN to deliver service between power generating companies (GENCOs) and power distribution companies (DISCOs). Meanwhile, there are strong indications that Seaport Terminal Operators Association of Nigeria (STOAN) will not contest the Court of Appeal judgment asking the terminal operators to refund N1trillion in excess charges to the federal government. A Court of Appeal sitting in Lagos had upheld the judgment of the Federal High Court in the case between the Nigerian Shippers’ Council (NSC) and Seaports Terminal Operators Association of Nigeria (STOAN) over shipping charges. In her judgment, Justice Chidi Nwaoma Uwa of the Court of Appeal, Lagos dismissed the appeal of STOAN and upheld the counter claim of the second respondent, Shippers Association Lagos State (SALS). The dismissal of STOAN’s appeal by the appellate court means that the Progressive Storage Charge would reverse to the rate approved by the Transport Ministry in 2009 for the terminal operators. Also, container free Storage Period would increase from three days to seven days to compete favourably with neighbouring ports of Cotonou, Ghana, Gambia and Cameroun. The Container Demurrage-free days equally increased to 10 days while Container Deposit, which importers and freight forwarders complained about, would henceforth be refunded within 10 days after the empties had been returned to the shipping companies. EYES OF LAGOS findings shows that the terminal operators are ready to dialogue with the shippers and the Nigerian Shippers’ Council (NSC) on the N1trillion the court asked the operators to refund to the FG. A reliable source told our correspondent that there are plans by the terminal operators to dialogue with the shippers and the NSC because there is no fund on ground for the refund. The source who did not want his name in print urged the federal government to look into some challenges fueling increase in charges by terminal operators. “Where is the N1 trillion? There is no money anywhere to refund but we are hoping to discuss but it is when the discussion doesn’t go well that we will be looking at appealing the appellate court judgment but hopefully it will be sorted out. The money is supposed to go back to the shippers but government want to hijack it.

Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by ETHIX(m): 4:56am On Feb 13
God will help us
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by debolayinka(m): 5:07am On Feb 13
The problem is they will still divert the electricity to industries that can grease their palms, and send an insignificant portion to the populace.

Corruption don wear suit for this country.

2 Likes 2 Shares

Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by godG: 7:16am On Feb 13
Yet another move to widen the inequality gap.
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by NaijaMutant(f): 7:43am On Feb 13
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by pinnket: 7:44am On Feb 13
Coming from a government of transparency.. We can only hope and pray electricity gets better.

Buhari till 2050...


Hides head**

2 Likes

Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by Angelb4: 7:44am On Feb 13
Nice move. At least, the govt tried to be their shoes. Nice one.
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by Meajor(m): 7:48am On Feb 13
Booked
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by adioolayi(m): 7:48am On Feb 13
godG:
Yet another move to widen the inequality gap.

Can you explain these please grin

2 Likes

Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by Achillesdam500(m): 7:49am On Feb 13
Like for Psg share for Madrid..
It's too early to get involved in "Nigeria's" affairs
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by Meajor(m): 7:51am On Feb 13
Swahili...
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by lastempero: 7:51am On Feb 13
Anything that will bring about increase in power supply is welcomed.
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by mcstan01(m): 7:56am On Feb 13
Contact us for creative brand designs.
Logo, Business card, flyer, etc.
08175634771

Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by bettercreature(m): 8:22am On Feb 13
godG:
Yet another move to widen the inequality gap.
That is Nigeria for you grin grin grin
The rich will continue to get richer while the the poor will continue to get poorer.
Rich man will import goods worth 1.000.000.000.000 naira he will get a waiver
Poor man will import good worth 10.000 naira he will pay 3.500 naira duty

4 Likes 1 Share

Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by godG: 8:57am On Feb 13
adioolayi:


Can you explain these please grin

Bro, I will save you the economics. See @bettercreature post above. smiley
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by olahero(m): 9:12am On Feb 13
Very good. Thumb up for a working government.
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by tayorh(m): 10:08am On Feb 13
Omo na wa o
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by nemynely(m): 6:55pm On Feb 13
debolayinka:
The problem is they will still divert the electricity to industries that can grease their palms, and send an insignificant portion to the populace.

Corruption don wear suit for this country[/b].
@bolded portion - Na today?
Re: Terminal Operators Waive N1.5bn Charges On Stranded Tcn Containers by tk4rd: 7:40am On Feb 16
They would still pack up the equipments without putting them into use, and they would rot away just like that..
No be Nigeria we dey again?

(0) (Reply)

Free 3 Months Skills Acquisition Program In Conjunction With NDE / FG To Stop Rice Importation In 2015 / Annuity Funds Hit N170bn As 9 Insurers Resume Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2018 Oluwaseun Osewa. All rights reserved. See How To Advertise. 70
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.