Nigerian Ports Authority (NPA) has given Intels Nigeria limited (Intels) a two-week ultimatum to remit an outstanding $48 million that ought to have been paid into the maritime agency’s treasury single account (TSA) in 2017.
Speaking during an interview with CNBC Africa, Hadiza Bala Usman, Managing Director of the agency, said Intels’ notice of termination will stand if the company failed to settle its debt.
“I am giving Intels a possible two-week window to provide payment, two weeks from now, following which the notice of termination will not be withdrawn,” she said.
“One of the issues we have had with Intels is their non-compliance with the TSA.
As you are aware, the Nigerian government instituted the treasury single account which is the account that all revenues of government need to be paid into.
“Intels collects revenue on behalf of Nigeria Ports Authority and had refused to comply with TSA and kept retaining those revenues in their coffers.
“So we insisted that they must comply, no company is above the laws of the country and we went through the whole process.”
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