- Stakeholders Express Concern Over Influx of Overtime Cargoes
Overtime cargoes have increased with the worsening traffic situation around the Lagos ports access roads and stakeholders are concerned about the trend.
Overtime cargoes are cargoes that have stayed at the port for longer than 28 days without being cleared according to Customs regulations.
The Coordinator, Save Nigeria Freight Forwarders, Chief Osita Chukwu, told our correspondent that many cargoes had fallen into the overtime category because the owners did not have money to clear them.
He said terminals were flooded with overtime cargoes such as Kirikiri Lighter Terminal, the SCOA terminal, Tin Can Island Container terminal, Five Star Logistics, and Ports and Cargo Terminal as well as bonded terminals across the state.
He suggested that the government should auction the cargoes so that the owners could have at least 50 per cent of the proceeds.
Another stakeholder and the Chairman, International Freight Forwarders Association, PTML Chapter, Sunny Nnebe, suggested that the cargoes be auctioned so that the life of the containers could be preserved, saying that containers that had been left idle for a period of up to one year would be subject to damage and constitute loss not only to the owners but the economy.
Overtime cargoes are also taken over by the Nigeria Customs Service after the owner fails to collect them from the shipping terminals.
Meanwhile, the NCS has expressed concern over its inability to move the overtime cargoes in its care to the government warehouse in Ikorodu.
According to the Apapa Area Command of the service, high cost of transportation has prevented the movement of overtime cargoes from the command to the government warehouse in Ikorodu.
The Public Relations Officer of the Command, Nkiru Nwala, was quoted by an online maritime news portal, Ships and Ports, as saying that it cost N550,000 to move a twenty-foot container from Apapa to Jibowu, a suburb of Lagos – a cost which the command could not afford.
Nwala said the Command’s Controller, Abubakar Bashir, was in talks with the Port Manager, Lagos Port Complex Apapa, Aisha Ali-Ibrahim, and terminal operators at the port to support it in moving the overtime cargoes out of the port to avoid port congestion.
She said, “To pick a container from Apapa port to Jibowu is N550,000; so for now, the modalities to get the containers out are being worked out.
“Using barges is not also cheap, some are using train and sometimes you will see that the train breaks down; it is a whole lot of challenges but talks are ongoing. Even for barges, where and where are the clear routes for barges to sail through?
“The controller has met with Nigerian Ports Authority port manager, but the question is who will foot the bill the containers have accumulated? There are some that have been here before the terminal was put on concession. We are gathering the figures on the number of overtime containers.”
Nwala said that compiling the list of overtime cargoes was a complicated issue, saying that there were some clearing agents with genuine cases who finished all necessary clearance but due to the bad road network could not take delivery of their containers.
She said, “We have had a meeting with the NPA. Overtime cargo means after 28 days, but for the past one year, you cannot finish clearing your cargo from the port and for a whole month, you will not get a truck to go in and move it out.”
BUA, Kainos Exploration to Drag Each Other to Court Over $20 Million Scandal
BUA Group on Monday threatened to drag Mr James Onyejekwe, the Managing Director of Kainos Exploration to court over a publication that claimed the Group was involved in a $20 million scandal.
BUA stated in a statement issued on Monday.
It stated that the publication engineered by Mr Onyejekwe was a “clear intent to impugn the integrity and reputation of BUA Group and its Chairman, Mr Abdul Samad Rabiu.”
“BUA takes its reputation seriously and we will continue to do everything to protect it from anyone and any entity who obstructs our mandate to conduct business in a proper, legal and socially-responsible manner.
“BUA will, therefore, utilise its legal and human resources to resist every campaign of defamation and distraction,” the statement further said.
The leading cement manufacturing company said its independent investigation showed Mr. Onyejekwe was behind the false story that went viral online.
“We have, therefore, instructed our legal team to immediately commence criminal defamation proceedings against the person of Mr James Onyejekwe who is the said originator of the malicious letter fraudulently attributed to Cavendish Petroleum against our person, with damages,” the statement seen by Investors King noted.
BUA explained that “We deem these actions necessary, in order to protect the name and reputation of BUA Group.”
“We see no reason why Mr James Onyejekwe of Kainos Exploration and Processing would single out BUA in a supposed business dispute which had no link to the BUA Group in its entirety.
“Therefore, BUA finds it absurd that Mr Onyejekwe or anyone else will decide to drag BUA into their issues and/or put out such a malicious and defamatory statement, fraudulently using the name of Cavendish/Mr Mai Deribe without recourse to the truth, facts, decorum or decency,” it added.
BUA Group described the story bordering on allegations of corruption as “false, malicious and spurious.”
Dangote Cement Emerges Best Performing Firm In Africa
The Kogi State Chamber of Commerce, Industry, Mines and Agriculture (KOCCIMA) has named the Dangote Cement Plc, Obajana Plant, as the best performing company in Africa.
The award was presented to the company in Lokoja at the weekend by the Deputy Governor of Kogi State, Chief Edward Onoja, who represented the State Governor, Alhaji Yahyah Adoza Bello, at the Annual General Meeting(AGM) of KOCCIMA.
Speaking at the occasion, the President of KOCCIMA, Mr. Victor Ibrahim, said the Dangote Cement emerged through a thorough screening process that involved 20 companies.
He said: “Our screening committee considered many criteria before Dangote Cement Plc was selected”.
According to him, the Chamber put into consideration Dangote Cement’s contributions to the state’s economy through Internally Generated Revenue(IGR), as well as its good relationship with KOCCIMA.
Mr. Ibrahim said another criterion that placed the Dangote Cement in good stead is that the company has been environmentally friendly.
“We’ve visited DCP Obajana Plant and we found it complying with global best practices when it comes to the environment. Your parking lot does not constitute any environmental danger. We also considered returns to investors, the welfare of staff, the 43km Obajana-Kabba concrete road, your good relationship with the host community and your positive image”.
He announced that the Chamber of Commerce was planning to host its Trade Fair by year-end and looking forward to collaborating with the Dangote Cement Plc.
The Deputy Governor Mr. Edward Onoja expressed the appreciation of the Kogi State Government, saying the contributions of KOCCIMA and the private sector were crucial to the development of the state.
Speaking to newsmen on the sideline of the event, representative of the Dangote Cement Plc Mr. Ademola Adeyemi said the company was elated and that the award will further spur it to continue its support to the state’s economy, KOCCIMA and Corporate Social Responsibility schemes.
MTN Appoints Chika Ekeji as Executive Lead for Strategy and Transformation
MTN Appoints Chika Ekeji, A Nigerian-American as Executive Lead for Strategy and Transformation
MTN Group has announced the appointment of Chika Ekeji, a Nigerian-American national as an executive to lead the strategy and transformation unit of the mobile network operator.
Chika has a Master of Engineering in Computer Science from Cornell University and an MBA from MIT.
He will be leaving from McKinsey & Company, where he led the West Africa Digital Practice and served telco, financial services, and public sector clients across Africa.
His appointment with Africa’s leading mobile operator will be effective on, 15th of March. In his new role, he will be based in SA.
“We are very pleased that Chika is joining us as we work to accelerate our strategic repositioning,” says MTN Group chief operating officer Jens Schulte-Bockum.
To support the execution of the repositioned strategy, Ekeji joins a group of other recent appointees, including the new group chief financial officer, Tsholofelo Molefe.
In recent weeks, MTN also made changes to the group’s regional structure and the executive committee.
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