shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Jorothom takes over nacfa, commence operations …As Skye bank emerges coy. chairman

Jorothom takes over nacfa, commence operations …As Skye bank emerges coy. chairman

by Joshua
December 15, 2008
in Uncategorized

About two years after it won the bid for the National Clearing and Forwarding Agency (NACFA) Jorothom International Agency winner of the bid for the National Clearing has finally taken over the terminals of the company just as it announced commencement of container handling operations.
Formerly known as Government Coastal Agency, NACFA was established in 1954 as a wholly owned government agency in charge of clearance of government cargoes. It was sold in 2006 to Jorothom for =N=3.6Billion
Speaking at the commissioning ceremony which held recently in Lagos, the chairman of the new NACFA Mr Kehinde Durosinmi Etti lamented the state of the company’s facilities. According to him, the assets of the agency were dilapidated and run down, adding that a lot of work had to be done to bring its facilities to an appreciable level.
He assured that NACFA under the new management will run the company with full consciousness of the objective of concession programme of government, noting that it would partner with government agencies particularly the Nigeria Customs Service.
Mr Durosinmi Etti acknowledged that putting the structures and facilities in place has been a painful and slow process, but fruitful.
The chairman who also doubles as the deputy managing director of Skye bank also said that now that the facilities are ready, the agency will be run efficiently in a cost effective manner.
Speaking earlier, the managing director of the agency, Mr Rotimi Omotosho noted that many banks do not realize that the maritime industry is one of the most viable sectors of the economy and commended Skye bank for its initiative to partner with Jorothom in the acquisition of NACFA.
“Before your involvement in financing projects in the maritime industry, many banks did not realize that the industry is one of the viable sectors of the economy”, he stressed.
Commending Skye bank for the efforts, the company’s managing director added “indeed, you are an eye opener and a pacesetter in the banking industry as far as project financing is concerned in the maritime sector.
“We are bold to say that we have restructured, re-engineered and repositioned NACAF for full efficient and effective operation in terms of the materials, capital and human resources we have put in place”.

 


Related Posts

SHIPTALK: Basics About A Ship

SHIPTALK: Basics About A Ship

January 27, 2023
NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022
Shippers’ Council Collaborates With Institute On Training

Shippers’ Council Collaborates With Institute On Training

September 23, 2022

Discussion about this post

Latest News

“Anyone talking about 15% equity in CVFF is ignorant”

“Anyone talking about 15% equity in CVFF is ignorant”

January 27, 2023

Industry Advises Philippines on Training as EU Considers Crew Ban

SHIPTALK: Basics About A Ship

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

Beware Of Activities Against Aquatic Plants, Animals – Marine NGO Warns

The World Awaits Trial Of Crew Of Heroic Idun In A Nigerian Court

All Set For Obangame Express 2023 International Maritime Exercise

Our Real Fears About The CVFF Disbursement

VESSELS EXPECTED AT LAGOS PORTS AS AT 27TH JANUARY, 2023.

Media Crucial To Nation Building- Channels TV Boss

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition