₦airaland Forum

–Vessels laden under NNPC stranded on sea

–NPA insists on collecting payments in dollars

Nigerians face a fresh round of fuel scarcity as the Nigerian Ports Authority (NPA) is restraining berthing of ships contracted by Nigerian National Petroleum Corporation (NNPC) over a contentious N6 billion debt.

According to Saturday Sun’s report, a top NPA official said that the NNPC’s debt would have towered above the said amount if NPA had not granted the national oil company about 30 per cent rebate.

It was gathered that under an NNPC’s contract, some vessels laden with petroleum products are ‘stranded’ on the high seas.

Saturday Sun also reports that one of the affected vessels belongs to a shipping company owned by a former National Chairman of Peoples Democratic Party (PDP).

A source said: “The company owes the NPA a whopping $2 million. That money can help us achieve a lot. It’s not good to enjoy services and not pay for them”.

The NPA was also insisting on collecting its payments in dollars as against being paid in naira at any exchange rate which is not certain due to fluctuations in the foreign exchange market.

“Vessels owned by the PDP chieftain’s company and other ships laden with premium motor spirit are presently seeking berthing space at the Capital Oil Jetty in Ibafon Lagos. But we need to get our money. We’re not a charity organisation”, the source added.

The NPA official said he was aware that its insistence on collecting the monies before the vessels discharge may lead to fuel scarcity, but said it appears that is likely to spur the national oil giant to pay up.

READ ALSO: Sad: Fuel Scarcity Looms Airlines

The Hadiza Bala Usman-led NPA had repeatedly said it would not treat the issue of debts gently.

The new management team has commenced the recovery of debt aimed at addressing chains of indebtedness spanning between one to 10 years as their moves indicate.

Earlier on Thursday, August 11th, Hadiza Bala Usman, the Managing Director of NPA, told some terminal operators in Calabar that the authority will ensure maximum collection of all fees due to the government while urging them to stick to the terms of agreements entered with government.

As NPA insists that payments be made in United States dollars,Terminal operators who paid fees to NPA in naira in June 2016, have had their money returned.

Source Nawhere.ng Oil News http://oilnews.nawhere.ng/fuel-scarcity-looms-as-npa-nnpc-disagree-over-n6bn-debt/

They sha want to finish this country

alexiej:
They sha want to finish this country

I tire bro

They have been looking for ways to increase the price of petrol for some time now.

If this is true, then i ask why r they demanding dollars in Nigeria? Is dollar our official exchange medium? I knw where they are going- blaming GEJ instead of resolving their whatever problem.

Flyingngel:
If this is true, then i ask why r they demanding dollars in Nigeria? Is dollar our official exchange medium? I knw where they are going- blaming GEJ instead of resolving their whatever problem.

Probably because of the exchange rate.. Dollar will pay them more