The Nigerian Ports Authority (NPA) and Intels Nigeria Limited agreed that all revenues collected by the logistic company must be paid into the designated Treasury Single Account (TSA) of the NPA at the Central Bank of Nigeria, PREMIUM TIMES’ can report.
As part of the negotiation held to resolve the lingering conflict between the agency and the logistic company, both parties also agreed to a reduction of the agency commission on pilotage collections from 28% to a lower commission of 24.5%, court documents and other details of the reinstatement agreement seen by this newspaper showed.
In the immediate, the agreement ended the long-running battle between Intels and NPA.
