The Nigerian Ports Authority (NPA) has said that its disagreement with Intels Nigeria Limited over the Treasury Single Account (TSA) of the Federal Government is now resolved.
Background: NPA and Intels have been engaged in a dispute over revenue sharing structure and payment procedure.
Eventually, Intels apologised, stating its readiness to comply with TSA.
As reported by Premium Times, NPA is, however, awaiting clearance from the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, for possible restoration of the contract seized from the logistics firm.
The Managing Director of NPA, Hadiza Bala-Usman sent a letter, dated November 10, informing the AGF of the resolution.
In the letter, Bala-Usman said Intels “has now tendered its unreserved apology and undertakes to totally comply with Treasury Single Account (TSA) of the Federal Government.”
She continued: “The Company has further stated its readiness to execute the Standard Operating Procedure (SOP), which was drawn by the Authority to bring the 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.”
“May I, therefore, seek your legal guidance on the above to enable me to respond to the request of Messrs. Intels Nigeria Limited accordingly,” Bala-Usman told the attorney-general.
Omoleye Omoruyi… an apprentice web/game developer, novelist, sensitive to happenings in the world. Meet him @Lord_rickie on Twitter/Instagram