The Nigerian Ports Authority (NPA), has ordered Intels Nigeria Limited (Intels) to pay an outstanding $48 million debt into the Treasury Single Account (TSA) of the agency within two weeks, Premium Times reports.
The Managing Director, NPA, Hadiza Usman, disclosed this during an interview with CNBC Africa Tuesday. Ms. Usman added that the NPA will execute the notice of termination on Intels if it does not pay the debt within the ultimatum.
“I am giving Intels a possible two-week window to provide payment, two weeks from now, following which the notice of termination will not be withdrawn. Intels’ notice of termination will stand if the company failed to settle its debt,” she said.
Speaking further, she noted it is important for the logistic firm to adhere to the rules governing its operations. “I think it’s important for all entities operating in an environment to adhere to the rules and regulations,” she said.