CITING presidential order, the Nigerian Ports Authority (NPA) has directed the management of LADOL Integrated Logistics to relocate its ongoing $500million fabrication and integrated yards project in Takwa Bay within Apapa pilotage area in Lagos State to Aggey, Bayelsa State.
But the company’s management described the directive as “shocking’’ and out of tone with the agreement it entered into with its technical partners and the federal government.
The one paragraph letter was dated April 27, 2015, and signed by NPA’s General Manager (Capital Project), A.R. Mohammed, on behalf of the Managing Director.
It was titled: “Re: Joint Venture Partnership with Samsung Heavy Industries for the USD$500 Million development of fabrication and integration yards for EGINA and Future Projects”.
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