Breaking News
Translate

Intels remits N100bn to govt in 6 yrs

TOP logistics service provider in the oil and gas and maritime industries, Intels Nigeria Limited, said that it paid more than N100 billion into the coffers of the Nigerian Ports Authority, NPA, between 2010 and 2016. This is the largest singular remittance by any organisation in the maritime industry.

Some industry stakeholders have decried recent media reports that alleged the company was owing the government on remittances, but noted that considering Intels’ huge investment portfolio and huge remittances to government, the allegations were unfair. One of the stakeholders stated: “Before the present regime at the Nigerian Ports Authority, NPA, Intels has had very good and cordial relationships with successive NPA managements in more than 30 years.”

On alleged indebtedness to NPA, a source at Intels, who does not want to be identified because she was not authorised to speak on behalf of the company, said the company has written several letters to NPA seeking reconciliation of disputed areas in the account. According to her, “Intels has written about four letters to NPA. The figures are in dispute and there is need for reconciliation but the requests were ignored.”

She said the alleged indebtedness of Intels to NPA was incorrect. “They should reconcile the account. I think that is the starting point. There should be a joint committee to look into the accounts and reconcile disputed areas. You cannot reach any conclusion before the reconciliation,” the source stated. She, however, said that the working relationship between Intels and NPA remain cordial despite the “temporary dispute”.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.