Home Maritime Shipowners kick Reps’ decision on Cabotage Fund disbursement

Shipowners kick Reps’ decision on Cabotage Fund disbursement

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The President of the Nigerian Indigenous Shipowners Association, Mr Sola Adewumi, has said the House of Representatives does not have the final say on the disbursement of the Cabotage Fund.

He said this in reaction to the recent development where the House of Representatives ordered an immediate halt to plans to disburse a sum of $700m by NIMASA.

According to him, some of the issues raised by the House of Representatives were not realistic.

He said, “I personally do not believe that the House of Reps has the final say on this. This is because some of the issues they raised are not realistic. I am a trained accountant how can you do such an audit and submit it in seven days? They should not bamboos us.”

He said it is the coming administration that has the right to say this since this current administration has a few days to go.

“This government only have some days to go and they are calling for audit for money that have been there for years and they said they should submit the report in the next seven days, how realistic is that? Let be sincere. Like I always tell people government is a continuous process.’’

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