The Nigerian Ports Authority (NPA) has denied the allegation that it operates secret foreign accounts which have been looted, describing the report as false, malicious and sponsored.
Responding to an online media report, NPA Director General in charge of Corporate and Strategic Communications Ibrahim Nasiru said the bogus report was sponsored as the organization is operating under the federal government directive. on the Treasury Single Account (TSA).
Nasiru said the agency’s two U.S. dollar-denominated domiciliary accounts have been approved by the federal government and are managed transparently in accordance with agreed safeguards put in place by the Accountant General’s Office through the Central Bank. of Nigeria (CBN).
Providing further clarification, Nasiru in a press release, stated that the opening of two accounts for the collection of service boat pilotage revenue was made to the Accountant General of the Federation in a letter dated August 26, 2016 and approval has been obtained to that effect.
Nasiru, who recounted NPA’s relationship with Integrated Logistics Services Limited (INTELS), a company involved in service boat operations with it, said that there was a management agency relationship between INTELS and NPA, which gave INTELS the responsibility of monitoring the operations of the service boats. and collect the revenues from these operations on its behalf.
The NPA spokesperson said that on a monthly basis, hundreds of payments for service boat operations were made directly to INTELS bank accounts, which was against government policy on TSA.
He added that on a periodic basis, INTELS remits part of the revenue collected to the NPA and keeps a significant portion in its safe deposit box, including the commission on revenue collection and the cost of the Phase 4B expansion project. ‘Onne by amortization.