Borderless Ltd/Gte, a Nigerian content advocacy group, has called for a forensic audit of the Cabotage Vessel Financing Fund (CVFF) account, following discrepancies in the accrued funds as disclosed by the Federal Government .
As the year begins with a new government expected to come in May, stakeholders are expecting a positive, efficient and effective maritime sector in 2023.
FG Approves Immediate Disbursement of Cabotage Fund by Five Banks – THISDAYLIVE thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
President Muhammadu Buhari, GCFR, has approved the immediate disbursement of the Cabotage Vessel Financing Fund, CVFF, to qualified Nigerians as part of the Federal Government’s commitment to grow indigenous capacity of Nigerians to own vessels.
Director-General, NIMASA, Bashir JamohThe 10 pirates, each jailed 10 years with a fine of N200,000 last week by a Federal High Court sitting in Ikoyi for hijacking a merchant vessel, FV Hailufeng II, on May 15, 2020, bring to 20 the number of pirates that have so far been convicted under the Suppression of Piracy and Other Maritime Offences (SPOMO) Act of 2019. They were convicted on a three-count charge that borders on piracy in contravention of the provisions of sections 3, 10, and 12 of the Act.
Ten pirates had earlier been convicted by Federal High Courts in Lagos and Port Harcourt. The convicted pirates are some of the 27 that were arrested within Nigeria’s territorial waters last year by the Nigerian Navy and the Marine Wing of the Nigeria Police.