Intels accuses NPA of frustrating TSA resolution attempts

Intels Nigeria Limited on Monday said the Nigerian Ports Authority deliberately frustrated attempts to address issues raised by introduction of the Treasury Single Account in the execution of its pilotage agency agreement.

The NPA had in a statement on Saturday said it had relied on the advice of the Attorney General of the Federation and Minister of Justice, Abubakar Malami, in terminating the pilotage contract after more than one year of attempts to get Intels to comply with the Federal Government’s directive on the TSA.

The Managing Director of the NPA, Hadiza Bala-Usman, on Monday during an interactive session with journalists in Lagos, alleged that the logistics giant wanted to deduct 28 per cent commission and refused to pay through the NPA accounts.

But Intels in a Monday statement accused the NPA of deliberately frustrating several attempts to resolve the issues raised by introduction of the TSA in the execution of the pilotage agency agreement.

It said the issues arose because the pilotage agency agreement, signed in 2010, did not envisage the TSA, and as such did not factor it into its implementation.

The company said it borrowed $1.4bn (N428.4bn) from banks to execute the agreement with the understanding that the debt would be offset from money realised from the pilotage services paid directly to the banks.

The statement quoted the spokesman for Intels, Bolaji Akinola as saying that series of meetings held, letters and proposals written on how to resolve the TSA imbroglio were rebuffed by Usman.

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