
$100m lost as NNPC gives bunkering service to foreigners, says SOAN
Shipowners Association of Nigeria (SOAN) has said that $100 million is lost to capital flight as the Nigerian National Petroleum Corporation (NNPC) recently contracted coastal and bunkering vessel services to a foreign shipping company, Messrs UNIBROS.
In a petition to the National Assembly and the Group Managing Director of NNPC, Mele Kyari, the group said UNIBROS operates under the guise of various foreign shell companies with 11 foreign-flagged coastal tanker vessels. The petition was signed by the President of SOAN, Dr. Mkgeorge Onyung.
The shipowners urged the lawmakers to carry out a thorough investigation into the contract. According to them, the action is in total breach of the Nigerian content laws, the Coastal and Inland Shipping Act (Cabotage Act) and the Presidential Exe...