Atiku’s Intels fumes as Nigerian govt terminates multi-million dollars contract

Intels Nigeria Limited,

Intels Nigeria Limited, INL, on Wednesday kicked against the termination of its Pilotage Agency Agreement by the Nigerian Ports Authority, NPA.
In its reaction on Wednesday, the company described the action as “preposterous” and highly injurious to Nigeria.
The company was reacting to decision of the NPA to terminate the agreement between the agency and Intels, several months after both parties had disagreements over the company’s operations in Nigerian ports.

On June 27, PREMIUM TIMES exclusively reported how the Nigerian government was making moves against the operations of Intels, partly owned by former Nigerian vice-president and a chieftain of the ruling All Progressives Congress, APC, Atiku Abubakar.
The company was founded over three decades ago by Gabriele Volpi, an Italian national who also has Nigerian citizenship, and former Vice-President, Mr. Abubakar.
Earlier in April, President Muhammadu Buhari had approved the recommendations of the Attorney-General of the Federation, Abubakar Malami, breaking the near-monopoly of Mr. Atiku’s Intels in the handling of oil and gas cargoes in the country.

But on September 27, Mr. Malami, wrote to the Managing Director of NPA, Hadiza Bala-Usman, directing her to terminate the boats pilotage monitoring and supervision agreement that the agency had with Intels, saying that the contract was illegal.
According to THISDAY newspaper, Mr. Malami in the said letter had stated that the agreement which had allowed Intels to receive revenue on behalf of NPA for 17 years, was in contravention of the Nigerian Constitution, especially in view of the implementation of the Treasury Single Account (TSA) policy of government.

Read More At: https://www.premiumtimesng.com/news/headlines/245869-atikus-intels-fumes-nigerian-govt-terminates-multi-million-dollars-contract.html