Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Saturday, May 10, 2025
  • Home
  • About
  • Adverts
  • Contact
Facebook Instagram Twitter Youtube
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      editFutureMap Foundation

      FutureMap Foundation Unveils New Board of Directors to Drive Youth Empowerment…

      editFEC Meeting

      FEC Approves Nigeria’s Membership of Asian Infrastructure Bank

      editWale Edun, the Minister of Finance Arabia

      FG Tasks Economic Team on 7% Growth

      editFEC Meeting

      FEC Prioritises Local Industry Under ‘Nigeria First’ Policy

  • Business
    • editDollar Against Naira

      ‎Naira Holds Firm at ₦1,625/$ in Black Market

      editHeineken Lokpobiri

      Boost Oil Output by 2026, FG Tells NNPC

      editAliko Dangote deregulation

      NNPCL Plays Crucial Role in Our Business – Dangote

      editThe Comptroller General of the Nigeria Customs Service, NCS, Mr. Bashir Adewale Adeniyi

      Customs and OAGF: A Strategic Alliance for Nigeria’s Fiscal Stability, By Abdulsalam…

      editGas Pipeline

      UAE Joins $25bn Nigeria-Morocco Gas Pipeline Project

  • Features
    • AllInsightOpinion
      editPresident Bola Ahmed Tinubu

      Tinubu’s Tax Bills and the Issues Left Unresolved

      edit

      2025 UTME Results: Confronting the Reality We Deny, by Oladoja Mark…

      editSolar Grid

      N10bn Solar for Presidential Villa and Nothing for the People, by…

      editCentral Bank of Nigeria, CBN

      CBN’s 2024 Financial Statements as Indicators of Economic Recovery, by Rahma Olamide…

  • FAAC
    • editFAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      editFederal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      editFAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      editFAAC

      FAAC Revenue Declines by N303bn in December

      editcbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      editTinCan Island

      TinCan Customs Generates N145bn from Lagos Port in April 

      editInternational Monetary Fund, IMF loan

      IMF Verifies Nigeria’s $3.3bn Loan Repayment

      editThe World Bank

      Nigeria Secures Additional $215m Loan From World Bank

      editPresident Bola Ahmed Tinubu

      IMF, World Bank and the Recolonisation of Nigeria, by Umar Farouk…

  • Sidelines
    • editSaliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      edit

      Apple Data Breach: Marketing Strategy or Security Issue

      edit

      Dangote-BUA Sugar Scarcity Feud

      edit

      Google: Expanding 2-Step Verification Enrollment

      edit

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • editSambo Dasuki

      Polo, Politics, and the Dasuki Family

      editThe immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…

      edit

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      editCBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      editAisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • editPoint of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      edit

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      editGovernor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      editObamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      edithealth care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home Editors Pick Storm at Ports: NPA Rocked by $25m, N160m Scandals
  • Editors Pick

Storm at Ports: NPA Rocked by $25m, N160m Scandals

By
economic Confidential
-
May 10, 2025
Nigerian Ports Authority
Nigerian Ports Authority

Storm at Ports: NPA Rocked by $25m, N160m Scandals

Your browser does not support the video tag.

 

The Nigerian Ports Authority (NPA) has come under intense scrutiny following allegations detailing a deep-rooted culture of corruption, operational inefficiency, and political interference within the agency.

According to insider revelations obtained by Economic Confidential, senior officials at the NPA are allegedly benefiting from a ₦160 million monthly “tribute system” – a form of monetised extortion that includes inflated contracts and bribery facilitated by top-tier leadership. These practices, sources claim, have become entrenched and routine, bleeding the agency and driving up operational costs for stakeholders.

Economic Confidential reports that Nigeria’s ports—once a potential hub of trade efficiency—have become a logistical nightmare. Cargo dwell times reportedly exceed 45 days, while the cost of hauling containers has skyrocketed from ₦250,000 to a staggering ₦900,000. These developments have placed Nigerian ports among the most expensive in the West African sub-region, creating a competitive disadvantage and frustrating importers and exporters.

Read Also:

  • Nigerians Not Among Top Migrant Crime Offenders in UK – Verified by PRNigeria
  • Tinubu’s Tax Bills and the Issues Left Unresolved
  • 2025 UTME Results: Confronting the Reality We Deny, by Oladoja Mark Olamilekan

According to the sources, the agency is also enmeshed in all manners of appointment and selection scandals. Key officials allegedly maintain their positions without any qualifications due to their connections to a minister and a top aide of President Bola Ahmed Tinubu. This, sources claim, has stalled investigations and created a climate of impunity, with supervisory ministries turning a blind eye to mounting concerns.

One of the sources who pleaded anonymity also alleged a collapse in internal governance. The Executive Director of Finance is said to be operating as the de facto Managing Director, sidelining due process and withholding over 1,000 official files. This concentration of power has reportedly led to unilateral decision-making and a breakdown in checks and balances within the NPA hierarchy.

Another source alleged that a $25 million dredging contract for Warri Port was awarded without the constitutionally required approval from the Federal Executive Council (FEC), in what appears to be a brazen violation of Nigeria’s procurement laws.

Efforts by Economic Confidential to obtain a response from NPA’s spokesperson, Ikechukwu Onyemekara, were unsuccessful. Despite alerting him to the specific allegations, he did not respond to multiple requests for comment.

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Ikechukwu Onyemekara
  • NPA
  • Scandal
  • Tinubu
Previous articleNigerians Not Among Top Migrant Crime Offenders in UK – Verified by PRNigeria
<a Href="https://economicconfidential.com/byline/economic-confidential/" Rel="tag">economic Confidential</a>
economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

editSenator Adamu Aliero and Alhaji Ahmadu Adamu Mu'azu
Editors Pick

Ex-Governors Donate N40m to Upgrade ABU Zaria, Laud FG’s Student Loan Scheme

editNew Naira Notes, Naira Scarcity, Cash Crunch, Naira Redesign
Editors Pick

‎Respect the Naira: CBN, EFCC’s Call for National Discipline, by Zekeri Idakwo Laruba

editCISLAC Drums Support For Whistle-blowers
Editors Pick

CISLAC/TI-Nigeria Drums Support for Whistle-blowers to Enhance Accountability in Defence and Security Sector

editSaudi Arabia's King, Mohammed Bin Salman..
Editors Pick

Saudi Arabia Performs Ear Surgeries on 28 Kenyan Children

editNoble Brains Academy Congratulates Newly Installed Otun Basorun Ijaye, Chief Ayodele Aremu
Editors Pick

Noble Brains Academy Congratulates Newly Installed Otun Basorun Ijaye, Chief Ayodele Aremu

editNITDA Trains Staff on Digital Efficiency and Workplace Productivity
Editors Pick

NITDA Trains Staff on Digital Efficiency, Workplace Productivity, by Fatimah Yusuf Usman

Recent Posts

  • Storm at Ports: NPA Rocked by $25m, N160m Scandals
  • Nigerians Not Among Top Migrant Crime Offenders in UK – Verified by PRNigeria
  • Tinubu’s Tax Bills and the Issues Left Unresolved
  • 2025 UTME Results: Confronting the Reality We Deny, by Oladoja Mark Olamilekan
  • N10bn Solar for Presidential Villa and Nothing for the People, by Tahir Ahmad

EDITOR PICKS

editA tiktoker

Nigerians Not Among Top Migrant Crime Offenders in UK – Verified...

Facts & Figures May 10, 2025
editPresident Bola Ahmed Tinubu

Tinubu’s Tax Bills and the Issues Left Unresolved

Featured Post May 10, 2025
edit

2025 UTME Results: Confronting the Reality We Deny, by Oladoja Mark...

Opinion May 10, 2025

POPULAR POSTS

editNigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020
edit

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
editMTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business13160
  • Monetary3020
  • News2862
  • Featured Post2749
  • Financial2711
  • Editors Pick2173
  • National News1955
  • Opinion1684
  • Features852
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
Facebook Instagram Twitter Youtube
© 2017 Economic Confidential . All Rights Reserved.
Latest News
Nigerians Not Among Top Migrant Crime Offenders in UK – Verified by PRNigeriaTinubu's Tax Bills and the Issues Left Unresolved2025 UTME Results: Confronting the Reality We Deny, by Oladoja Mark OlamilekanN10bn Solar for Presidential Villa and Nothing for the People, by Tahir Ahmad‎Naira Holds Firm at ₦1,625/$ in Black MarketEx-Governors Donate N40m to Upgrade ABU Zaria, Laud FG's Student Loan SchemeTinCan Customs Generates N145bn from Lagos Port in April Boost Oil Output by 2026, FG Tells NNPCNNPCL Plays Crucial Role in Our Business - DangoteCustoms and OAGF: A Strategic Alliance for Nigeria's Fiscal Stability, By Abdulsalam MahmudUAE Joins $25bn Nigeria-Morocco Gas Pipeline ProjectIMF Verifies Nigeria's $3.3bn Loan RepaymentFG Lauds Naira-for-Crude Deal MilestonesNGX Sees N240bn Gain as Market Ends in GreenMarketers Caution FG on Hasty Fuel Import Ban
X whatsapp
Javascript ES6 not supported
This feature is not available on this browser. Please use a browser that supports javascript ES6:
Chrome (v49+)
Firefox (v57+)
Safari (v11+)
IE Edge (v16+)
Edit with Live CSS
Save
Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete.