The Bureau for Public Enterprises (BPE) has signed an agreement to concession terminal ‘B’ of the Warri Old Port to Ocean and Cargo Terminal Services Limited.

According to a statement signed by Alex Okoh, BPE director general on Tuesday, the concessionaire emerged the preferred bidder after submitting a technical and financial bid of $100.78 million.

“The NCP at its meeting held at its meeting held on 12 June 2018, approved the technical bid and the Finacial bid of $100,782,147.53 submitted by Ocean and Cargo Terminals Services Limited which emerged as the preferred bidder for the Terminal B Warri Old Port,” the statement read.

“Upon completion of the rehabilitation and reconstruction works, there was a need to concession the terminal to a private operator who would be responsible for the operation of the terminal and carrying out further development of its facilities in line with the Ports Concession Programme.

“Following the approval by the National Council on Privatisation (NCP), advertisements inviting Expressions of Interest (EOIs) from prospective concessionaires for the concession of the terminal were carried out by the Bureau.


“At the closing date for submission, 13 EOIs were received and subsequently evaluated. After the evaluation, seven firms achieved the minimum qualification mark and were prequalified for issuance of Requests for Proposals (RFP) and Information Memorandum.”

Speaking on the objective of the concession, Okoh said it will increase the Nigerian port efficiency, service delivery, reduction of cost of shipping and clearing of goods at the port across the country.

He urged the concessionaire to focus on the objectives as it performs the business, adding that as the federal government expects adherence to the terms of the concession agreements.

Source: https://www.mediahelm.com.ng/2019/01/federal-government-privatises-warri.html

Am sure another Fulani was dashed our property in waffi for being just a northern fulani moslem... and na with our oil money o

We need Revolution aswear.....

Very good.

isoright

Lol, is this a port or fishing enclave?

wanna dance sanku

Guess Who bought it?


Buhari through his cronies

Issa fraud ooooo

Tell us who u gave it to

TooMuchStuff:
Am sure another Fulani was dashed our property in waffi for being just a northern fulani moslem... and na with our oil money o

We need Revolution aswear.....

Who told you the concessionaire is a Fulani?

For all we know...the chap might be a Southerner.

The concession signing ceremony was witnessed by the Executive Vice Chairman/CEO of Sifax, Dr. Taiwo Afolabi; the CEO of Blueche Lomado, Jolomi Igbene; and the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman.

The owners are Southerners.

Next time...use Google...

Sauce


FURTHER MODIFICATION: Owner of Sifax,one of the onwers of the company

Dr. Taiwo Olayinka Afolabi
He graduated from the University of Lagos, Nigeria with a law degree. He is a seasoned businessman and investor with diverse interests in various sectors of the economy.

With a about three decades experience as an entrepreneur, he has successfully built the Sifax Group brand from a small freight forwarding firm to a group of companies that have investment in Maritime, Aviation, Haulage & Logistics, Oil & Gas, Hospitality, among others. Sifax Group, under his watch, currently has presence and investment in almost all the continents of the world.

He is a Fellow of the Nigerian Institute of Financial Management and Institute of Freight Forwarders of Nigeria. He is also a recipient of the national award, Member of the Niger (MON). Sifax grp website

I am sad that we get too many bigots in this country.

One day, we are going to put an end to bigotry in our Africa.

Hope FG hasn't sold Tompolo portions.

GEJ regime should be named the most fraudulent in the world

Ok

o

TooMuchStuff:
Am sure another Fulani was dashed our property in waffi for being just a northern fulani moslem... and na with our oil money o

We need Revolution aswear.....

Lol

E for good make u carry megaphone talk dis one for public.

I pray warri guys allow the concessionaire to work without issues. Warri as of today has comatose economy because companies have all fled from the town.

I thought they said Buhari will not privatetise? And who bought it? Hope it's not a Fulani group?

Hmm

jodeci:
I pray warri guys allow the concessionaire to work without issues. Warri as of today has comatose economy because companies have all fled from the town.

If it's Fulani group, it will surely die, because it's not in Good faith?

Pat4321:
I thought they said Buhari will not privatetise? And who bought it? Hope it's not a Fulani group?

Bureau of Public Enterprises (BPE) on Tuesday in Abuja formally signed the concession for Terminal ‘B’ Warri Old Port with Ocean & Cargo Terminal Services Limited.

The concession of the multipurpose terminal, worth $100.78 million, is for 25 years.

Ocean & Cargo is jointly owned by Sifax Group, Blueche Lomado and Creekline Nigeria Limited.

The concession signing ceremony was witnessed by the Executive Vice Chairman/CEO of Sifax, Dr. Taiwo Afolabi; the CEO of Blueche Lomado, Jolomi Igbene; and the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman.

Speaking at the event, the Director-General, Bureau of Public Enterprises (BPE), Alex Okoh, tasked Ocean & Cargo to focus on increased efficiency, improved service delivery and reduction in the cost of shipping and cargo clearing

.

Sauce

Honestly, I tire for some of you Nigerians. Even if na FUlani...we suppose focus on whether they are qualifed, not whether they are from the right tribe.

Sai Buhari!

Sai Baba

What our "Bloda" could not do, Buhari is doing it effortlessly.

Buhari can privatize but APC call privatization a scam

I am pleasantly surprised at this successful concession. This old port is just about 2km from the new port. With the dredging of the Warri River one wonders how the old lady will survive the competition from the new port

$100M is NOT equal to ₦100B!

Go and check your converstion againn

Nice

TooMuchStuff:
Am sure another Fulani was dashed our property in waffi for being just a northern fulani moslem... and na with our oil money o

We need Revolution aswear.....

Why didnt you bid on it if it was so important to you. Lol there's no revolution coming from your ilk. Btw you're wrong about owners being fulani muslim.

theoldpretender:


Honestly, I tire for some of you Nigerians. Even if na FUlani...we suppose focus on whether they are qualifed, not whether they are from the right tribe.

Lol they dont care about the port they just want rant. The concession was not done in secret.