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Banks in Nigeria go after indigenous ship-owners following cancellation of CVFF disbursement Maritime News 11/10/2021 FINDINGS have revealed that some commercial banks who had granted some indigenous ship owners various degree of loans, in anticipation of recouping their loans when the Federal Government disburses the Cabotage Vessel Financing Fund (CVFF), have suddenly started going after their… Continue reading

The recent announcement by the Minister of Transportation, Honourable Rotimi Amaechi, that the presidency had suspended disbursement of the N136.5bn Cabotage Vessel Financing Fund (CVFF) seems to have put Nigeria’s participation in the Transportation sector of the African Continental Free Trade Area (AfCFTA) in jeopardy. Recall that while flagging off the wreck removal exercise by… Continue reading