FG threatens to scrap NIMASA over massive fraud

Hamilton Nwosa
Writer

Ad

FG launches December savings bonds with N1,000 minimum unit, offers up to 13.84% annual returns

By Obinna Uballa The Federal Government has opened subscriptions for its December Savings Bonds, the Debt Management Office (DMO) announced on Wednesday. The offers include a two-year FGN Savings Bond maturing on December 10, 2027, with an annual interest rate of 12.838%, and a three-year bond maturing on December 2028, offering 13.839% per annum. According…

Analysts weigh in as Putin threatens Europe with war amid Ukraine peace talks uncertainty

By Obinna Uballa Peace talks between the United States and Russia on Tuesday failed to produce a breakthrough, with Russian President Vladimir Putin doubling down on threats toward Europe and saying Russia is “ready” for war, even as diplomacy struggles to yield a resolution to the nearly four-year conflict in Ukraine. U.S. President Donald Trump’s…

Tinubu’s Administration is Not Negotiating with Terrorists– Presidency

By Abiola Olawale The Presidency has maintained that the Bola Ahmed Tinubu administration is against engaging in negotiations with terrorist groups and bandits plaguing the nation. Tinubu’s adviser on policy communication, Daniel Bwala, made this known while reacting to reports that the federal government allegedly negotiated with terrorists over the release of some students who…

Ad

The Federal Government on Tuesday said it might approach the National Assembly, to repeal the Act setting up the Nigerian Maritime Administration and Safety Agency, if its management failed to justify the judicious utilisation of the huge resources at its disposal.

Minister of Transportation,  Mr. Rotimi Amaechi, gave the hint in Abuja, when he appeared before the Senate Committee on Marine Transport, headed by Senator Ahmed Sani, to brief the senate panel on the activities of the agencies under his supervision.

The minister lamented that NIMASA had nothing to show for the N63bn revenue it generated last year and even cited an instance where he discovered that there was no equipment at the agency’s search and rescue unit meant to monitor movement of vessels and provide treatment for injured personnel.

He said, “Currently, the way NIMASA is, if you look at it very well, it was worse in the last administration. It was as if it was established just for the purpose of collecting money and nothing more. What we need to do is to ensure that NIMASA discharges its core responsibilities.

“If NIMASA failed to perform its core responsibility then it has no business existing. If it is just to collect money from individuals, anybody can do that. We can hire a tax collector to collect money from maritime operators on behalf of Federal Ministry of transport.

“So it is either NIMASA sit up and carry out its own responsibility or we come to the National Assembly to repeal the Act setting it up and allow the Department of marine security in the ministry of transportation, discharge the responsibility currently being discharged by NIMASA.

Ad

X whatsapp