INTELS, others owe NPA over N17 billion, says ministry official

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Despite collecting over $1.2 billion revenue at the ports in six years, the Integrated Logistic Facilities and Services (INTELS) is owing the Nigerian Ports Authority (NPA) about N4 billion.

A senior official of the Federal Ministry of Finance (FMoF) who pleaded not to be named said, INTELS officials may be invited by the Federal Executive Council (FEC) next week over the debt.

The official said some operators at Onne Port were also owing the NPA $7,931,247 (N3.9 billion) and N9,458,785,726. The debt, the official said, excluded what the Nigerian National Petroleum Corporation (NNPC) and other service providers were owing the government through NPA.

The ministry, the official said, is worried because the government needs money to fix the economy. INTELS collected the over $1 billion revenue from service boats between 2010 and last year, the official said.

INTELS, he said, collected $1.2 billion between January 2010 and September last year, and additional $41 million between October and December.

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