Home > Breaking News > Intels apologises to NPA, Nigerian govt

Intels apologises to NPA, Nigerian govt


Intels has apologized to the Nigeria Ports Authority, NPA, and the federal government, following its contract termination.

In an interview with ThisDay newspaper, Mr Volpi who co-founded Intels with former vice president, Atiku Abubakar, explained that he was not involved in the botched negotiation between Intels and the NPA and pledged that his company would transfer all the revenue collected from the boat monitoring and supervision services to the Treasury Single Account (TSA) as the NPA had demanded.

“We want to apologise to the federal government and NPA over this disagreement with Intels. I was not personally involved in the negotiations with NPA, but we apologise for what has happened.

Also Read This:  Morocco Moves to ‘influence’ West Africa economy, Nigeria risks

“We intend to comply with the directive of government and transfer all the revenue to the TSA because we are a law-abiding company,” Mr. Volpi was quoted as saying.

He said Intels will cooperate with the federal government and the NPA in the development of Nigeria’s maritime sector, including the construction of the Badagry deep seaport in Lagos State.

Following the revocation of its pilotage contract, Intels had threatened to walk away from its multi-billion dollars investment at the Badagry deep seaport in Lagos.

Also Read This:  Osun Govt Announces Death of Gov. Aregbesola's Mother

“We are committed to co-operating with the government and NPA in the development of Nigeria’s maritime sector and this includes the Badagry deep seaport.

“The Badagry deep seaport is a massive undertaking which will cost billions of dollars and will be the biggest in Africa and would turn Nigeria into a regional hub for ships bringing goods to the continent.

“It will also help to move a lot of shipping activities at the Apapa and Tin-can Island ports and help to decongest Apapa, so we are serious about our investments in Nigeria,” Mr. Volpi said.

Also Read This:  New IMF Prediction Puts Nigeria's Economic Growth Ahead South Africa's in 2018

The NPA said they relied on advice from the Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami, to terminate the contract.

Intels has earlier, faulted the termination, saying it would challenge it in court.

Share Button

Leave a Reply

Your email address will not be published. Required fields are marked *