NISA suggests conversion of CVFF to maritime bank

  L-R;Assistant General Secretary of NISA, Saint Peters Ashinwo; Publicity Secretary, Engr. Emmanuel Ilori; General Secretary, Tunji Brown, who represented the Acting President, Aminu Umar; and the Welfare Officer, Gbolahan Adu during the NISA news briefing in Lagos.

says Labinjo no longer represents association
The Nigerian Shipowners Association (NISA) on Monday said that there were moves to convert the Cabotage Vessel Financing Fund (CVFF) into a Maritime bank.

The Acting President of NISA, Mr Aminu Umar, made the disclosure at a news conference held by the association in Lagos.
Umar, who was represented by the association's general secretary, Mr Tunji Brown, said the initiative would make more funds available for industry stakeholders and create more jobs.
``When this comes on stream, the CVFF will be so small compared to what the maritime bank will be able to achieve.
``It will also make the funds easily accessible by ship owners.
According to Umar, the NISA executive is focused on driving and achieving the goals set up when it was constituted.
He said that the primary focus was to ensure that the indigenous ship owners get back their jobs which had been taken over by foreigners.
He said that in line with that vision, NISA would ensure ``that members’ vessels are compliant with the international regulations that demanded that all single hull tankers be phased out’’.
He, however, thanked the Nigerian Maritime Administration and Safety Agency (NIMASA) for extending the phase out of single hull till 2020.
``We will, therefore, like to commend NIMASA for the unprecedented bold initiative to extend the operation of single hull tankers to year 2020.
``They have exercised these powers in line with IMO regulations that allow flag states to use their prerogatives.
``We will continue to work with NIMASA to create an enabling environment that will remove the obstacles on the way of profitable operation of indigenous shipping,’’ he said.
Also speaking, Capt. Emmanuel Ilori, the Publicity Secretary of NISA, confirmed that Capt. Dada Labinjo was asked to step aside as president of the association.
He said that Labinjo was not sacked but was asked to go and concentrate on resolving his alleged involvement in a case that involved the Economic and Financial Crimes Commission (EFCC).
Ilori said this became necessary to enable the association to move forward with its activities for the benefit of members and the economy at large.
He, however, said that while the matter had yet to be resolved, Labinjo was not permitted to represent the association in any official matters.
``However, as long as the investigation continues, he cannot represent the Nigerian Shipowners Association in any official capacity and no transaction should be entered into with him on behalf of the association ,’’ Ilori said.

The Exco members present at the briefing were the association’s General Secretary, Tunji Brown, who represented the Acting President, Aminu Umar; Publicity Secretary, Engr. Emmanuel Ilori; the Assistant General Secretary, Saint Peters Ashinwo; Financial Secretary, Dele Lanisa and the Welfare Officer, Gbolahan Adu.