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Reps order withdrawal of Nigerdock licence

…probe N1.72bn privatisation proceeds

By Tordue Salem

ABUJA – The House of Representatives yesterday directed the Federal Ministry of Commerce to withdraw the NEPZA licence granted to SIMCO Free Zone company ( Formerly Niger Dock Free Zone Enterprises ) in the “economic interest of the country”.

The Green Chamber has also embarked on the investigation of N1.72billion proceeds allegedly paid by Niger Dock as core investor in the acquisition of the dry dock yard.

The House passed a resolution yesterday  mandating its ad-hoc Committee on Nigerdock to investigate, whether or not the alleged payment of N1.72 billion by Nigerdock have been remitted by the Bureau of Public Enterprises (BPE) to the Privatization Proceeds Account in the Central Bank of Nigeria (CBN).

The ad-hoc committee made up of the House leadership, it will be recalled was directed to investigate the alleged threats to national security and economic interests of Nigeria at Nigerdock premises, which was alleged to have been used for the manufacture and storage of imported arms.

Adopting the recommendations while considering the report of the committee yesterday, the House has also called for the sustenance of the Presidential order on the stoppage of midstream discharge of cargo, and closure of all private jetties nationwide by all stakeholders of ports operation.

Consequently, the House has urged the Federal Government to identify and prosecute those who actually violated the Presidential order on the closure of the jetties, as well as make the names of such violators public as a deterrent to other operators of private jetties in the country.

Other recommendations adopted are “That the first and second share purchase agreement transferring 51 and 29 percent shares of the Federal Government of Nigeria in the Nigerdock PLC to GEC and GCE Shipyards and Marine Contractor (Africa) should be reviewed to conform to the first schedule of the Public Enterprise Privatization and Commercialization Act, 1999.


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