Okorie Drags Zenith Bank to CBN over ‘Disappearance’ of $64.1 Million

Okorie Drags Zenith Bank to CBN over ‘Disappearance’ of $64.1 Million

Akanimo Sampson An alleged disappearance of over $64 million from the vaults of the Zenith Bank has landed the multinational financial services provider in trouble. Zenith bank is rated as a large financial service provider in Nigeria and Anglophone West Africa. As at the ending of 2016, her total assets were N4.7 trillion with shareholders’ equity of N616.3 billion….

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Nothing Must Be Left to Chance As Far As Securing the Ports Is Concerned – Port Security Experts

Nothing Must Be Left to Chance As Far As Securing the Ports Is Concerned – Port Security Experts

In the countdown to the 2019 general elections, security experts say adequate strategies and contingency plans to counter attack on seaport facilities by criminals must be put in place. Strategies must also be designed to contain cases of arson, fire, burglary and other disruptive activities that occur during national emergencies as experience shows that undesirable elements within the port…

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Warri Old Sea Port Concessioned For an Annual Lease Fee of 1.62 Million Dollars in 25 Years

Warri Old Sea Port Concessioned For an Annual Lease Fee of 1.62 Million Dollars in 25 Years

Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, says the Terminal ‘B’ Warri Old Port was concessioned for a period of 25 years at an annual lease fee of 1.62 million dollars. Okoh made this known at the official hand over of the Port to the concessionaire – Ocean and Cargo Terminal Services Ltd, in Warri, Delta state….

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NIMASA, Poised To Redress Lingering Policy Inconsistency: …Says Shipping Sector Capacity to Engage About 10 Million Nigerians.

...Says Shipping Sector Capacity to Engage About 10 Million Nigerians.

The Nigerian Maritime Administration and Safety Agency (NIMASA) is now poised to redress lingering policy inconsistency which has remained the bane of shipping development in Nigeria. It has identified lack of supportive institutional frameworks, neglected infrastructure as well as inadequate financing as major reasons Nigeria’s shipping potentials have not been fully exploited and maximized for the good of the…

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NIMASA ISSUES FRESH REGULATIONS TO FOREIGN OIL AND GAS FIRMS

NIMASA ISSUES FRESH REGULATIONS TO FOREIGN OIL AND GAS FIRMS

A fresh set of regulations to enhance enforcement of the Cabotage Act and stem its abuse by foreign oil and gas companies have been issued by the Nigerian Maritime Administration and Safety Agency (NIMASA). In a Marine Notice (New Cabotage Compliance Strategy – NCCS) issued last week, the agency requires all oil and gas operators and international oil companies…

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Nigeria’s Chief of Naval Staff Tasks Newly-promoted Officers on Maritime Challenges

Nigeria’s Chief of Naval Staff Tasks Newly-promoted Officers on Maritime Challenges

The Chief of Naval Staff, Vice Adm. Ibok-Ete Ibas, has charged newly-promoted Rear Admirals to further distinguish themselves in finding workable solutions to myriad of maritime challenges confronting the nation. Ibas gave the charge on Monday after decorating the 10 senior officers recently elevated to the rank of Rear Admirals. The new Admirals are D. Dogonyaro, Commandant Nigerian Navy…

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APC STALWART IN WARRI SOUTH WEST THREATENS TO SUE INEC OVER FALSE PUBLICATION: …Gives INEC Seven Days to Retract Publication

APC STALWART IN WARRI SOUTH WEST THREATENS TO SUE INEC OVER FASLE PUBLICATION

Piriye Kiyaramo A former aspirant for the Warri South West Seat in Delta State House of Assembly on the platform of the ruling All Progressives Congress (APC) and Coordinator of Warri South West local government area for Great Ogboru Governorship Campaign Organisation, Hon. Gbaboyor Akpodubakaye Jude has threatened to sue the Independent National Electoral Commission (INEC) for falsely publishing…

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I Will Reactivate All the Sea Ports in Delta State; Says Atiku Abubakar

I Will Reactivate All the Sea Ports in Delta State, Says Atiku Abubakar

Presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has promised to revive all the sea ports in Delta State and complete the second Niger Bridge when he emerges as President. Alhaji Abubakar gave the promise on Thursday during the Presidential Campaign rally of the party in Asaba. Thousands of Deltans took over all available space at…

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