Connect with us

Economy

20,000 Jobs at Risk as NPA, INTELS Rift Deepens

Published

on

Nigerian ports authority
  • 20,000 Jobs at Risk as NPA, INTELS Rift Deepens

No fewer than 20, 000 jobs in the oil and gas rich Niger Delta region are at risk as the rift between the Nigerian Ports Authority (NPA) and Nigeria’s premier concessionaire and logistics giant, INTELS Nigeria Limited deepens.

Decrying a situation where a simple matter between the two organisations would have resolved through dialogue was now degenerating into face-off with thousands of jobs at risk, importers under the auspices of the Nigerian Importers Integrity Association (NIIA) called for Acting President Yemi Osinbajo’s intervention.

President of NIIA, Mr. Godwin Onyekazi in a statement in Lagos said it was unfortunate that a simple business disagreement, which could have been amicably resolved “at the coffee table”, was allowed to degenerate to the point where more than 20,000 jobs are on the line.

His words: “INTELS is a major operator in oil and gas, maritime and real estate industries. It is one of the largest employers of labour in the country and in the Niger Delta region. It should therefore concern any well-meaning Nigerian that NPA is unable to amicably resolve and manage its differences with such organization. We have also read that INTELS is being persecuted because of its perceived links to a top politician in the country. This political dimension to the entire saga makes the intervention of His Excellency Acting President Yemi Osinbajo imperative.

“We do not think that companies operating in the country should be subjected to political persecution especially at this time when the Federal Government is pushing hard for peace to reign in the Niger Delta region. It is an exercise in delusion to think that there is any other facility in-country that can provide the type of services INTELS is providing to the oil and gas sector. The oil and gas majors will simply move to Angola, Sao Tome and Principe or South Africa to enjoy the kind of services they enjoy at INTELS if INTELS is no longer in position to provide such service. The implication of this is huge revenue loss to the country and loss of jobs in the Niger Delta region.”

According to NIIA President, the competition for oil and gas logistics is international and the loss of business by INTELS is the loss of business by Nigeria.

The group also called on the Federal Government to provide palliative measures to cushion the effect of Ijora-Wharf road closure for one year on port users.

While commending the government for deeming it fit to repair the road, which it said has been abandoned for several years, it said the same attention should be given to the Port Harcourt Port and Onne Port access roads.

Justice A. R. Mohammed of the Federal High Court, Abuja last month issued an interim order directing the NPA and four others to maintain the status quo in a suit filed by INTELS Nigeria Limited on the de-categorisation of terminals at the nation’s seaports.

INTELS, which filed the suit number FHC/ABJ/CS/417/2017 at the Federal High Court Abuja, is asking the court to, among other reliefs, issue an order stopping the NPA and other defendants from implementing the proposed policy review.

The defendants in the suit are the Federal Government, Attorney General of the Federation, NPA, Bureau of Public Enterprises and the Federal Ministry of Transport.

INTELS asked the court to make a declaration that the five lease agreements it entered into and executed with the 3rd, 4th and 5th defendants in respect of the Warri New Terminal, Warri Old Terminal, Federal Lighter Terminal B, Calabar Terminal A and Federal Ocean Terminal A, all dated October 24, 2005 for 25 years’ renewable leasehold were still subsisting.

The plaintiff, among other reliefs, also sought a declaration that the defendants were duty-bound to honour, perform and fulfil their contractual obligations as stated in the five lease agreements.

The plaintiff also requested the court to issue an order of perpetual injunction restraining all the defendants, their agents, representatives or privies from “doing, directing, carrying out, executing or implementing any policy, directives, or act, which are capable of diverting traffic, customers, sales, patronage or otherwise that would affect the spirit and intendment of the five lease agreements, revenue generation, profits, returns on investment and any other projection or projections of the plaintiff made pursuant to the five lease agreements all dated the 24th day of October, 2005.”

Justice Mohammed directed all parties in the suit to maintain the status quo ante regarding the subject matter pending the decision of the court on whether it had jurisdiction to entertain the suit or not.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Comments
Advertisement
Advertisement