Indigenous shipowners have called for an independent forensic audit of the Cabotage Vessel Financing Fund (CVFF) following conflicting accounts by the Nigerian Maritime Administration and Safety Agency (NIMASA) and its former Director-General, Temisan Omatseye, over the fund’s management, currency denomination and financial status. The shipowners want NIMASA’s accounts audited from 2004 to date to establish the fund’s actual value, accumulated ...
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