Maritime
CRFFN to start collecting transaction fees soon
Minister of Transport, Senator Idris Umar disclosed this yesterday at the formal opening of the CRFFN national secretariat named ‘Freight Forwarders Headquarters’ and flagging off of staff training and retreat in Apapa, Lagos.
Umar, who was represented by a deputy director in the Maritime Service department of the Ministry, said the embargo placed on the collection of the fees by the Federal Government would be lifted soon.
He said, “The process for lifting the suspension of the transaction fee is on and any moment from now, there will be release in that regard.”
The Minister lauded the management of CRFFN for moving its national headquarters to Apapa. “With the provision of this new office in Apapa, the hub of port and shipping business in Nigeria, the opportunity for development of a modern and globally competitive freight forwarding system and by extension achieving the core function of the council’s mandate is now significantly improved.”
He said, “Government is desirous of foisting a dynamic bureaucracy that would be in a position to contend with the emerging global challenges. It is for this reason that the Ministry of Transport has made staff training a culture.
“Undoubtedly, we will not only continue to pay adequate attention to staff training but would also demand reciprocity and improved service delivery from staff.”
Speaking earlier, Registrar of the Council, Sir Mike Jukwe had appealed to the Minister to lift the suspension of the transaction fee. 
“We are aware that the Minister was committed to lifting the suspension on the collection of transaction fee and we appeal that he does that as soon as it is possible.
“Inadequate funding to execute the numerous planned activities of the Council can be [solved] through the lifting of ban placed on the collection of internally generated revenue,” Jukwe stated.
Jukwe also said that training and retraining of the council workforce was for maximum and timely service delivery on the council’s mandate.
“This council can only have professionally qualified and dedicated workforce through training and retraining. We are committed to this that and this retreat is the third in the series but we also targeted on-the-job short and long term training programmes,” he said.
The Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola has deposited three Instruments of Accession to IMO Conventions signed by President Bola Ahmed Tinubu with the global body.
He did so on Tuesday, at the headquarters of the International Maritime Organization (IMO), which acts as the repository for these conventions.
This move, coming a few weeks after Nigeria declared its intention to contest election for a seat on the IMO Council, is expected to enhance Nigeria’s maritime governance and align its practices with international standards, promoting maritime safety, security, and environmental protection.
Shortly after the presentation ceremonies, Oyetola informed the IMO Secretary General, Arsenio Dominguez, of the President’s commitment to ensuring that Nigeria aligns with international maritime standards regarding maritime safety, security, and sustainable marine practices.
ALSO READ: NNPCL Launches Utapate Crude Oil Blend, Eyes Production Expansion In 2025
He also called on the IMO to extend technical support to Nigeria.
In his words, “These instruments, duly acceded by His Excellency, the President of the Federal Republic of Nigeria, signify Nigeria’s continued commitment to aligning with international maritime standards, ensuring maritime safety and security, and promoting sustainable marine practices.
“We hereby request tailored technical cooperation under the Integrated Technical Cooperation Programme (ITCP) to enhance Nigeria’s compliance with IMO conventions and improve our maritime governance and implementation of the instruments we submitted today.”
On his part, Dominguez, acknowledged with appreciation the formal deposition of the Instruments of Accession, stating that it underscores Nigeria’s steadfast commitment to aligning with global maritime standards.
“I congratulate Nigeria for its exceptional efforts in acceding to these six critical IMO instruments. I encourage continued momentum by securing presidential assent to additional key conventions. We at the IMO remains fully committed to supporting Nigeria through technical cooperation and capacity-building initiatives to ensure the successful implementation of these instruments,” he stated.
The instruments Oyetola handed over to Dominguez include the instrument of accession to the 2005 Protocol to the Convention for the Suppression of Unlawful Acts against the Safety of Fixed Platforms Located on the Continental Shelf (SUA Protocol 2005), the instrument of accession to the International Convention on Standards of Training, Certification, and Watchkeeping for Fishing Vessel Personnel (STCW-F), and the instrument of accession to the Protocol Relating to Intervention on the High Seas in Cases of Pollution by Substances Other Than Oil (Intervention Protocol 1973).
It was gathered that three other Instruments of Accession signed by President Tinubu are undergoing further steps to complete the processes for their deposit.
Funds accrued under the Cabotage Vessel Financing Fund (CVFF) are intact and currently held with the Central Bank of Nigeria (CBN) under the Single Treasury Account (TSA).
This assertion was made by the Nigerian Maritime Administration and Safety Agency (NIMASA), in a statement in Lagos on Tuesday.
The clarification became necessary to address “a misleading publication alleging that funds have disappeared from the CVFF account”.
ALSO READ: Okpebholo Hits Ground Running, Flags Off Edo’s 1st Flyover Bridge
The statement reads, in part, “The report of a missing money is both misleading and false.
“For the record, the Cabotage Vessel Financing Fund, securely held in the NIMASA account at the Central Bank of Nigeria (CBN), remains intact. There has been no disappearance of funds, and no illegal transactions, as the article suggests. This misinformation is a figment of the authors imagination, aimed at undermining NIMASA’s integrity, and mislead the public about the Agency’s operations.
“The Management of NIMASA will ensure that the CVFF is utilised in line with its statutory purpose. NIMASA Director General, Dr Mobereola has assured stakeholders of the safety of funds under the CVFF.”
The statement cited the DG thus, “Let us be clear that the CVFF account at the Central Bank of Nigeria is safe, intact, and secure. We at NIMASA will continue to manage it with the utmost responsibility, and there are no irregularities or illegal activities surrounding the funds. I urge the public to disregard this false narrative and to continue trusting the Agency’s ability to uphold the integrity of Nigeria’s maritime sector”.
It was gathered that the CVFF is a fund established under section 42 of the Coastal and Inland Shipping (Cabotage) Act 2003 to promote the development of indigenous ship acquisition capacity and to provide credit facilities to local maritime operators.
The NIMASA, assured of its commitment “to transparency, accountability, and the advancement of Nigeria’s maritime sector.”
Edo State Governor, Senator Monday Okpebholo appears eager to deliver the dividends of democracy to his constituents.
This is discernible from the frenzy of activities being witnessed in his first few days on the job, including dissolution of boards, constitution of investigative panels, flagging off of infrastructure projects, among others.
In the bid to address the perennial road traffic congestion negatively impacting economic and social activities in Benin City, the state capital, Gov Okpebholo on Wednesday flagged off the construction of a flyover bridge.
Biztellers reports that the flyover bridge around the popular Ramat Park in the city centre is the first of such in the history of Edo State.
ALSO READ: Tinubu Seeks ₦1.767tn Loan to Tackle 2024 Budget Deficit
The Edo State Government made the disclosure in its verified handle on micro-blogging site, X, on Wednesday.
It wrote, “Traffic decongestion: Gov Okpebholo flags off first flyover in Edo.
“Edo State Governor, Sen. Monday Okpebholo has flagged off the construction of a flyover bridge at Ramat Park, Benin City, the State Capital, as part of immediate efforts to reduce traffic congestion in the city.”
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Musa Joins Jaiz Bank As Ambassador
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
Fans Celebrate Davido As Nigerian Superstar Turns 32
CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools
Chelsea Handed Injury Boost As Omari Kellyman Nears Return
OSSG Raises Alarm Over Murder Plot By APC Chieftain
NCC, SMEDAN, NAICOM, SEC, Others Set for SUPERNEWS SMEs Conf June 13
Sahara’s Tonye Cole resigns from GPHCDA
Oando opens ultra-modern petrol station in Lagos
Niger Delta Avengers: President Buhari Reads riot Act …considers the carrot and stick option
