Ship Owners Association attempt to Prevent Embezzlement by Advocacy

The Nigerian Ship-owners’ Association (NISA) has called on the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure that the procedure for the disbursement of the $124million Cabotage Vessel Finance Fund (CVFF) to Indigenous Ship-owners will be transparent and all encompassing.

Speaking when members of the steering committee of NISA paid a courtesy visit on the Director General of NIMASA, Dr Dakuku Peterside, a member of the committee, Taiwo Akinpelumi, said the pronouncement on the disbursement of the CVFF is important and game changing statement that will bring succor to indigenous Ship owners.

Akinpelumi, also told NIMASA that the association would present suggestion and position to the disbursement of the CVFF accordingly.

“Some policy pronouncements have been made as regards disbursement of CVFF. We view this as important and game changing statement, which will definitely bring succor to ship owners in Nigeria. We hope the modalities and the criteria for the selection and the guidelines to be deployed for the disbursement will be transparent and all encompassing. However, with full benefit of the genesis and ultimate start of the Cabotage regime, NISA will presents suggestions and position accordingly,” he said.

Also speaking, another member of the steering committee, Tunji Brown, complained about frustration in securing a provisional certificate for used vessels.

According to him, while it takes 48hours to secure a provisional certificate in other countries it has always become frustrating in Nigeria.

Responding to the Ship owners, the Director General of NIMASA, Peterside said the industry is excited about the end to the rift that engulfed the association for so many years.

Peterside, who was represented by an official of the agency, Mr. Anthony Ogadi, further stated that the faction in NISA had over the years been a nightmare to the agency and stakeholders in the industry.