Nigerian Ports Authority (NPA) has explained why it terminated the services of Intels Nigeria Limited from the eastern ports of Calabar, Delta and Port Harcourt.

The company, co-owned by former Vice President Atiku Abubakar, provides comprehensive integrated logistics services for the Nigerian oil and gas industry and has 30 years of experience in port management and support services in shore bases across Nigeria.

The Managing Director of the NPA, Hajia Hadiza Bala Usman, told The Nation that the decision to terminate the services of Intels was informed by the latter’s inability to remit over $140 million to the federal government’s coffers, being the accumulated revenue it generated for a period of time.

“Intels was providing a service of collecting revenue for port operations and they were not remitting as and when due,” she said.

She recalled that after she came on board as NPA MD, she signed “a supplementary agreement which required all revenues generated to be paid into the single treasury account (TSA).”

Usman said Intels, however, reneged on the agreement it had with the NPA and the corporation was left with no option than to cancel the contract outright.

She said: “Following the agreement, Intels has been very difficult in making payments to us. They owe us over $140million that they have not remitted. So, we felt such non-compliance and such level of impunity should not be accepted, hence we issued a notice of termination to them.

“We are going to advertise for a replacement company that would offer such services at a cheaper cost because Intels is charging the Nigerian government 28 percent for revenue collection and typically such commissions are limited to 10-15 percent.

“You hardly see where an agency is charging 28 percent. So, we have issued a notice of termination and we are also going to court to ensure that those monies not credited by Intels are paid back”.



See more here https://thickmatch.com/intels-npa-explains-sack-atikus-company/

Atiku in APC ....They called him an asset and saint even though those companies existed.

Atiku in PDP.....They label him kwarupt and his companies are hounded and businesses threatened.


APC and their cronies are Shameless and Pathetic.

Spits!!

If this is done to reduce the service charge and increase income to the Government coffers, fine. However, if it's done to get back at the opposition without having a standard company that can handle NPA collections, the outcome would be a regret.

Without holding brief for any company or political party, I doubt if there is any maritime service provider in Nigeria that can match intels in all ramications.

Nigeria and witch-hunt politics 5&6

I smell fish!! Whatever your excuse is You are supposed to find a replacement first before terminating the contract...

We know what we know, you can tell us what you want to.
Just know who the fools are.

We are on a cause to block all the looting loopholes in which government loses money unnecessarily. If $140 millions sounds like nothing to you and you feel like this decision is for political reason, then you are the enemy of this Nation.

Akiara:
Atiku in APC ....They called him an asset.

Atiku in PDP.....His companies are hounded and businesses threatened.


APC and their cronies are Shameless...

Spits!!

So u re like this?

Good. The crook has been stealing from us for far too long

Akiara:
Atiku in APC ....They called him an asset.

Atiku in PDP.....His companies are hounded and businesses threatened.


APC and their cronies are Shameless...

Spits!!

Why not focus on the nitty gritty of the news instead of ranting like a lost sheep.

They will cook up lies against you...

Whatever. Thief catch thief. Like the remitted funds/ recovered loot has ever been fully accounted for.

Akiara:
Atiku in APC ....They called him an asset.

Atiku in PDP.....His companies are hounded and businesses threatened.


APC and their cronies are Shameless...

Spits!!

you failed to see the interest of Nigeria and Nigerians but you brought up APC and PDP. By 2023 if another party comes up let the likes of Buhari and co be hunted down too.....

All these people in government just think the citizens are fools...

When classifying news, is this good news or bad news? I'm just asking.

Akiara:
Atiku in APC ....They called him an asset.

Atiku in PDP.....His companies are hounded and businesses threatened.


APC and their cronies are Shameless...

Spits!!

oponu becuase he is in opposition he should be allowed to fleece the government.

Akiara:
Atiku in APC ....They called him an asset.

Atiku in PDP.....His companies are hounded and businesses threatened.


APC and their cronies are Shameless...

Spits!!

In APC or in PDP it dosen't change a thing. Atiku is a crook and I can't even imagine why some dolts want him as our president

Even Tinubu they call names dont get 28% of revenue collected. How can one collect 28% and still refused to remit 72%? Why did pdp government allowed it in the first instance? Why was it not done like lagos state where individual share of revenue is done at source and no one needs to settle the other. And this man wants to govern Nigeria - then, Obasanjo may be right on his comments regarding him

He has been uprooted, this is where he is getting money to bribe the judiciary.
Baba always fight the source.

If the reasons stated in the thread are as it happened, I support the termination

But if it's to get back at Atiku then I condemn it.

Vendetta for being a PDP member and contesting against Buhari.
Wetin be my gain who dem help.

Atiku and fraud are like bread and butter

Please when does this happens

Zs