The Nigerian Ports Authority has written to the Attorney-General of the Federation, Abubakar Malami, on the resolution of its dispute with Intels Nigeria Limited.
Hadiza Bala-Usman, Managing Director of NPA, in her letter to Malami said Intels Nig. Ltd “has now tendered its unreserved apology and undertakes to totally comply with Treasury Single Account, TSA, of the Federal Government.”
“The Company has further stated its readiness to execute the Standard Operating Procedure (SOP), which was drawn by the Authority to bring implementation of Service Boats Agreement in line with extant regulation and Government directives.”
“Sir, the crux of the disagreement between the Authority and Messrs INTELS Nigeria Limited relates to the compliance with TSA policy of the Federal Government, which by the letter from the company is now resolved. There is currently no dispute between the parties on the basis of Service Boats Agreement,” the letter read.
The NPA, on October 5, terminated company’s contract with it over the latter’s reluctance to pay into the Treasury Single Account revenues collected on government’s behalf.