Reps vow to recoup $300million debt from 12 Shipping companies

OrderPaperToday – The House of Representatives Committee on Maritime Safety, Education and Administration has began full probe of about 12 shipping companies for allegedly owing the Federal Government $300 million as freight charges payable to the Nigeria Maritime Administration and Safety Agency NIMASA.
Speaking during its hearing on Thursday in Abuja, Chairman of the Committee Mr. Muhammad  Bago (APC, Niger) reiterated that the lawmakers will not relent in the investigation until the companies pay the debts they are owing the government.
He said the investigation is over revenue leakages and round tripping by the companies.
“We’ll invoke executive order six to revoke our money”, said Mr. Bago.
Some of the indebted companies and their debts to government as spelt out by Mr  Balgo are as follows: Gac Shipping Ltd $172m, Blue Sea Shipping Ltd $31.2m, Transoceanic Support Services $10m, Maersk Nigeria limited $5.7m, Arine Nig Ltd $5.5m, Joe Eboje Int’l Agencies $3.5m
Others include: Peak Shipping $2.58m, CMA CGM-DELMAS Nig Ltd $6.38m, Inchcape Shipping Services $6.618m, Daddo Marine Services $34.4m and Hull Blyth Shipping Ltd $3.6m totalling $300m.
Six out of these indebted companies who appeared at the hearing explained their position.
According to Gac Shipping company representative, Mr. Rafiu Adesola, what his company owes the government is $147m and not $172m as stated by the Committee.
Daddo Marine Service and Maersk Nigeria limited both admitted owing the federal government the said amounts.
The Balgo-led committee charged the indebted companies to provide all necessary documents on their debt profile and other documents to aid the investigation on Tuesday next week.

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