• About
  • Contcat Us
Monday, March 20, 2023
No Result
View All Result
  • Login
  • Home
  • Politics
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • Maritime News
  • Home
  • Politics
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • Maritime News
No Result
View All Result
No Result
View All Result
Home Business

Nigeria Shippers Council, NPA express displeasure over PTOL increase in tarrif.

admin by admin
June 28, 2021
in Business
0
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Chinonye Anyatonwu.

 

READ ALSO

SIFAX ICT records 8,736 hours injury free In 2022

HMoT Implores NITT To Be SELF-SUSTAINING.

Port and Terminal Operators (Nig) Limited, PTOL has been called to order by the Nigerian Ports Authority and the Nigerian Shippers’ Council, (NSC)

PTOL was told that it’s arbitrary increase of charges without consultation with its landlord, the NPA and the Port Economic Regulator, NSC ran afoul of its lease agreement and government regulations. This was at a meeting of NPA, NSC and PTOL which took place at the head office of NSC in Apapa, Lagos.

The meeting was convened by the Acting Executive Secretary of the NSC, Ms. Ifeoma Ezedinma who said such acts will attract sanctions as the Shippers’ Council, through public notices, visits and correspondences is always advising regulated service providers to obey the law.

Citing Clause 5:5 of the lease agreement between NPA and PTOL, Mrs. Ugo Madubuike, NPA’s General Manager (Monitoring and Regulatory Service) said the increase in charges was in contradiction of the Contractual Agreement. Clause 5:5 states “The lessee shall not make any increase in the operation rate unless agreed to in writing by the parties and any required persons or governmental authority has been obtained”.

NSC and NPA advised PTOL to present their proposed increases for negotiation through official channels as soon as possible.

PTOL’s General Manager Macpherson Nwaukoni, apologized for the oversight while explaining that the action was taken due to losses the company has incurred in the course operations. These losses, according to him occurred as a result of the import ban on certain items resulting in the company’s inability to meet it’s obligation to the Lessor, particularly the rental debt they owe to NPA.

He also said the comparison of their rates with other terminals revealed that their own charges are much lower. All these, he said, made operations difficult leading them to increase their tariffs by 15% to 30%.

*He appealed for leniency, explaining that PTOL had not increased charges in 16 years and was currently running at a loss.

The Director, Legal Services Department of NSC Mr. Tahir Idris advised PTOL to obtain documents on NSC’s Legal Framework in order to acquaint itself with the regulatory procedures of tariff increase and to also be guided to ensure they follow right protocol.

The Director, Consumer Affairs, Chief Cajetan Agu insisted that they revert back to their old rates until due process is followed.

He stressed that their action contravened the contracts they signed upon the lease, and as such they violated the Lessor contract and NSC Act.

Related Posts

Business

SIFAX ICT records 8,736 hours injury free In 2022

January 19, 2023
HMoT Implores NITT To Be SELF-SUSTAINING.
Business

HMoT Implores NITT To Be SELF-SUSTAINING.

December 17, 2022
Sambo Charges NITT To Devise Strategies To Advance Transportation Sector.
Business

Sambo Charges NITT To Devise Strategies To Advance Transportation Sector.

December 17, 2022
SON, LUPAN To Streghten Collaboration On Enforcement Of Standard On Lubricants: Presents  3 FORD PICKUP VANS
Business

SON, LUPAN To Streghten Collaboration On Enforcement Of Standard On Lubricants: Presents  3 FORD PICKUP VANS

October 2, 2022
Transportation Minister Commends SIFAX Group, Assures Of FG Support
Business

Transportation Minister Commends SIFAX Group, Assures Of FG Support

August 17, 2022
SIFAX GROUP- Afolabi Identifies Courage, Solution-Oriented As Key To Success
Business

SIFAX GROUP- Afolabi Identifies Courage, Solution-Oriented As Key To Success

July 29, 2022
Next Post
Shippers’ Council seals APMDC office  over non- compliance, arbitrary charges amongst others

Shippers’ Council seals APMDC office  over non- compliance, arbitrary charges amongst others

Leave a Reply Cancel reply

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

POPULAR NEWS

We need strong leader like Kwankwaso to unite Nigeria -Dr.Aniebonam

We need strong leader like Kwankwaso to unite Nigeria -Dr.Aniebonam

June 8, 2022
PTML Collects #165,021,614,645.00 in Nine months.

PTML Collects #165,021,614,645.00 in Nine months.

October 12, 2021
Ondo First Lady Wants To Become Senator In Imo, Begins Consultations With Stakeholders

Ondo First Lady Wants To Become Senator In Imo, Begins Consultations With Stakeholders

March 28, 2022
HAMISU BAGS NUJ AWARD OF EXCELLENCE.  *For His Selfless Service to Humanity.

HAMISU BAGS NUJ AWARD OF EXCELLENCE. *For His Selfless Service to Humanity.

May 16, 2022
Man Impregnates Daughter, Invites Five Others To Sleep With Her For Money

Man Impregnates Daughter, Invites Five Others To Sleep With Her For Money

August 22, 2022

EDITOR'S PICK

Igbo Group Unveils ‘Igboezuo’, A New Socio- Cultural Union

Igbo Group Unveils ‘Igboezuo’, A New Socio- Cultural Union

December 19, 2022
Dr. Kayode, ANLCA Acting President Appraises VIN Valuation Regime

Dr. Kayode, ANLCA Acting President Appraises VIN Valuation Regime

June 28, 2022
SIFAX Off Dock- Boss Bags CILT Fellowship Award.

SIFAX Off Dock- Boss Bags CILT Fellowship Award.

October 22, 2022
*DC SHUAIBU: A PRAGMATIC GOAL – GETTER* *…He came, saw and conquered*

*DC SHUAIBU: A PRAGMATIC GOAL – GETTER* *…He came, saw and conquered*

April 30, 2022

About

Daily News

We bring you the latest breaking news and happenings around the globe. Visit our website often for latest news.

Follow us

Main Links

  • About
  • Contcat Us

Categories

  • Business
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • Maritime News
  • National
  • News
  • Politics
  • Science
  • Sport
  • Tech
  • Uncategorized
  • World

Recent Posts

  • Jamoh’s Three Years Of Leadership Scorecard At NIMASA
  • Sambo Grieves Over Train Mishap, Orders For Investigation
  • SIFAX GROUP: Ojeniyi Now Sky Capital GMD AS Omajuwa Becomes Strategy Director
  • Border Patrol Team Seizes Contraband Worth N176m Along Badagry Axis
No Result
View All Result
  • Home
  • Politics
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • Maritime News

© 2020 Emperor Global News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In