Intels explains $909.2m commitments as diversion of cargo threatens GMT target

The illegal diversion of cargo to non designated facilities is a direct threat to the Guaranteed Minimum Tonnage (GMT) target as provided in the Seaport concession agreement, the management of Integrated Logistcis Services (Intels) has said.
  Briefing the Board of Nigerian Ports Authority (NPA), Intels explained that private jetties are receiving and discharging cargoes from Ocean Going Vessel irrespective of a Presidential directive on enforcement of existing rules.
 According to Intels, diversion of Oil & Gas related cargoes entails loss of revenue to NPA, “Cargo Dues in Oil &Gas terminals are four times higher per tonne”.
    In his presentation, Intels General Manager (Operations), Chibuisi Onyebueke explained that apart from making a total of  $724,651.719, Intels between ‘2006 to date’ has  paid $184,604,352  fees  to NPA and the  Burea of Public Enterprises (BPE).
  Giving a breakdown of the $724,651,719 commitment, Onyebueke said Intels paid $ 10,300,000 for Commencement Fee, $ 253,859,051 for Lease Fee,
$ 305,201,534 for Throughput fee and $155,291,135 for Land Industrial area Fee.
  Breakdown of fees to NPA and BPE from 2006 to date include: Commencement fee to BPE ($10,300,000), lease fee to NPA ($ 68,492,622), Throughput fee to NPA ($ 35,740,369) and land Industrial area Fee to NPA ($70,071,361).
   Receiving members of Board who visited Intels office at Onne, Rivers State, Duputy Managing Director, Adamu Atiku Abubakar, explained in details the company’s expansion agenda and commitment to the Nigerian economy.
   In his response, the Chairman of NPA Board, Emmanuel Olajide Adesoye commended the Intels development initiatives especially in the area of employment opportunities, community relations and economic development.
 Other members of the Board who accompanied Adesoye are Suleiman Ibrahim Halilu, Constance Harry Mashal, Umar Shu’aibu and Charles Efe Emukowhate Sylvester.
    Apart from Onne, the Board members had visited Calabar and Port-Harcourt Seaports and are scheduled to leave today (Thursday) for Warri Seaport.