Nigeria: APC Urges Nimasa to Explain N50 Billion Cabotage Fund

27 February 2015

As the 72-hour ultimatum given to the All Progressives Congress (APC) by the Nigerian Maritime Administration and Safety Agency (NIMASA) to retract partisanship allegations against it elapses, the opposition political party has dared the apex maritime regulatory agency to tell Nigerians what it has done with the Cabotage Vessels Financing Fund (CVFF).

The director, Media and Publicity of the APC Presidential Campaign Organisation (APCPCO), Mallam Garba Shehu, who put the current CVFF figure at $800 million (about N50 billion), argued that Nigerians deserve to know what happened to the money and that the agency should make public the list containing names of beneficiaries and amounts alloted them from the fund.

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