Intels: NPA Speaks On Termination Of Atiku’s Company
Managing Director of the NPA, Hadiza Usman

Nigerian Ports Authority (NPA) has disclosed the reason it eliminated the services of Intels Nigeria Limited from the eastern ports of Calabar, Delta and Port Harcourt.

Concise News understands that Intels, which is co-owned by former Vice President Atiku Abubakar, provides comprehensive integrated logistics services for the Nigerian oil and gas industry and has 30 years of experience in port management and support services inshore stations across Nigeria.

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Speaking with The Nation, the Managing Director of the NPA, Hadiza Bala Usman disclosed that the decision to terminate the services of Intels was ignited by the company’s inability to remit over $140 million to the federal government’s account, being the accumulated revenue it generated for a period of time.

Usman said: “Intels was providing a service of collecting revenue for port operations and they were not remitting as and when due.”

The Managing Director of NPA said Intels reneged on the agreement it had with the NPA and the corporation was left with no option than to cancel the contract outright.

The said agreement, according to Usman, is a supplementary agreement which required all revenues generated to be paid into the single treasury account (TSA).

Usaman said: “Following the agreement, Intels has been very difficult in making payments to us. They owe us over $140million that they have not remitted. So, we felt such non-compliance and such level of impunity should not be accepted, hence we issued a notice of termination to them.

“We are going to advertise for a replacement company that would offer such services at a cheaper cost because Intels is charging the Nigerian government 28 per cent for revenue collection and typically such commissions are limited to 10-15 per cent.

“You hardly see where an agency is charging 28 per cent. So, we have issued a notice of termination and we are also going to court to ensure that those monies not credited by Intels are paid back.”