*Moves to recover $585m debts
21 December 2016, Sweetcrude, Lagos – The Nigerian Ports Authority, NPA, has threatened legal action against some firms, including INTELS Nigeria Ltd, that collected money on behalf of the agency but failed to remit it through the Federal Government’s Treasury Single Account, TSA.
“No entity will stand in the way of the NPA in complying with the TSA. We have given INTELS a timeline to revert, to ensure that we collect the monies.
Besides, the managing director stated, there was additional debts of N10 billion, which NPA was equally aiming to recover.
Also, the Authority would be recovering the sum of N400 million belonging to it, which is trapped in Aso Savings, and another $19 million in Heritage Bank.
“We also have debts from lease agreements, tenancy payments that have accrued over the years,” she said, but hinted that debts from encumbered leases could be removed from the books.
“We have developed a framework on debt collection. We want to reconcile a proper position of what our indebtedness is,’’ she also said.
Usman said: “We have put in place the Standard Operating Procedures (SOPs) which we have communicated to leading players. We have given them timelines and we expect them to revert to us so that we can commence implementation.
“We have told them to begin to pay directly to the government”.