Maritime Agencies
CVFF DISBURSEMENT: Despite NIMASA’s Ultimatum, No Ship Owner Qualifies Now, says Engr Greg Ogbeifun

By Izuchukwu Ozoemena
As NIMASA gives banks 72 hours to release modalities for the disbursement of the beleaguered Cabotage Vessel Finance Fund (CVFF), Falcon Watch Online recalls a recent caution by Engr Greg Ogbeifun, prominent ship owner and pioneer President, Ship-owners Association of Nigeria (SOAN) that for now, no ship owner can comfortably say he has a contract and this is the rate or the value of the contract, and ‘if I get money to build a ship, this is the opportunity I have to pay back’. No one can say that.”
Engr Greg Ogbeifun stated this, Monday, while sharing his thoughts on the current discussions by various ship-owner groups regarding the disbursement of the fund.
He spoke at the sidelines of the 9th edition of the African Shippers’ Day event hosted in Lagos by the Nigerian Shippers’ Council in collaboration with the Union of African Shippers Councils.
Engr Ogbeifun who is also the Chairman, Starzs Marine & Engineering Co Ltd and member, 2017 Ministerial Interim Management Committee that restructured and repositioned the Maritime Academy of Nigeria, Oron, was emphatic that for now, no ship owner is eligible to benefit from the CVFF if ever it is going to be disbursed.
Part of the requirements prescribed by the 2003 Cabotage Act, he told our correspondent, is that the ship owner working to qualify to draw from the Fund must have an existing contract and a viable credit history to convince all and sundry that he has capacity for repayment.
“No indigenous ship owner has valid contracts or is eligible for the fund, as many of them have gone bankrupt,” he disclosed.
On the talk of equity being canvased by various shipowner groups, he said that anyone talking about 15% equity to be provided by ship owners before accessing the fund is ignorant.
For now, there is no guideline in place as required by law, taking cognizance of the Treasury Single Account (TSA) policy of the Federal Government.
Ogbeifun said the current guideline on CVFF disbursement came into being during the tenure of Alhaji Idris Umar as Minister of Transportation. But as it stands now, the Federal Government’s Treasury Single Account regime makes it irrelevant.
Unless the Cabotage Act undergoes amendment in line with the requirements of the TSA regime and the Minister comes up with fresh guidelines for disbursement as per the Cabotage Act, anybody talking about disbursement will be breaking the law, Ogbeifun stated.
“I tell people that no company or ship owner is eligible to benefit from the CVFF.
“Starzs is not eligible too. This is because when I had a contract, and couldn’t get the money, a commercial bank funded the project and paid for the ship. The ship is working and I paid my rent. I don’t have a contract. It is like I want to go and borrow money to borrow a ship and almost all of us are in that situation.
“The new government came into place and says all monies of the commercial banks be moved to the TSA at the Central Bank of Nigeria (CBN). The ship owners are saying ‘our money is our private money and should not be in the TSA’.
“But it is there already. So, the government decided to lock it. Right now, no primary lending institution (PLI) or all those commercial banks they say they are nominating have the Cabotage fund with them to tell the government that they can now support and go by the terms of the government. So, if any bank is saying it is a PLI, it means they don’t understand what they’re getting into.
“Right now, there is no guideline in place as required by law by the current Minister taking cognizance of TSA. So now we have TSA, then how do we go about it? Anybody running around will be breaking the law, including the Minister. And those who are arguing to take the money and they don’t have contracts, how are they going to go about it?
“Maybe we should get to talk to ourselves and the only way forward is for the Honorable Minister to take the Act and understand what the Act says and form a small committee, bringing in banks, ship owners and industry players taking cognizance of the current situation and bringing up a guideline and changing the Act through the National Assembly. The conditions can be taken off and verified. Otherwise, government is going to take the money or they simply don’t know what they are doing”, Engr Ogbeifun said.
Maritime Agencies
B’ODOGWU TRADE PORTAL: Customs Consolidates, Pilots Form ‘M’ Processing.

By Izuchukwu Ozoemena
The Nigeria Customs Service (NCS) has pledged to continue to pursue strategic automation initiatives in order to deepen and consolidate her role in trade facilitation, revenue generation and national development.
The National Public Relations Officer (NPRO), Assistant Comptroller Abdullahi Maiwada stated this, Monday, while
announcing, on behalf of the Customs Comptroller-General,
Bashir Adewale Adeniyi, the
successful commencement of the pilot phase for processing Form M through the B’Odogwu (Unified Customs Management System) in all Commands of the Service.
“This initiative represents another bold step in the Service’s technology-driven reforms to modernise trade procedures and enhance operational efficiency”, the NPRO stated.
He explained that following the Service’s approval to integrate the Form M process into the B’Odogwu Trade Portal, preparatory activities commenced across three designated Customs Commands: Port and Terminal Multiservices Limited (PTML), Tin Can Island Port, and Apapa Area Command.
“These sites were selected to drive the pilot phase in a controlled and strategic environment, allowing for close monitoring, stakeholder engagement, and performance assessment.”
“During this period, a total of five hundred and forty-four (544) Form M entries were processed. Of these, 283 were successfully registered, 10 were validated, and 26 were stored for further action. Additionally, 41 entries were submitted, 120 were returned for corrections, 11 were queried, 14 had their PAARs locked, and 39 were recommended for approval.”
These figures, he said, reflect the robust testing and interactive learning across all participating commands.
Maiwada said a total of 37 Pre-Arrival Assessment Reports (PAARs) were generated from the processed Forms M out of which 7 were registered, 12 had their Single Goods Declarations (SGDs) processed, 2 were fully approved, 8 were recommended for further review. 4 were submitted for processing, and 4 were queried.
“This outcome confirms the operational capacity of the B’Odogwu system to support end-to-end trade documentation during live implementation”, the release said.
The successful implementation of the Form M pilot on the B’Odogwu platform signals the beginning of a nationwide transition that will streamline customs documentation, enhance transparency, and promote faster clearance timelines.
Consequently, to enhance trade facilitation and supply chain security in the ongoing pilot phase, NCS encourages all carriers (shipping lines and airlines) to commence transmission of manifests to the B’dogwu platform while ensuring that all key stakeholders, particularly the financial institutions and traders, are adequately engaged and prepared for full deployment.
Maritime Agencies
MARITIME SECURITY: 1723 Vessels Conducted ‘Dark Activities’ On Nigerian Waters, January To April, 2025, NIMASA’s C4i Reveals.

By Izuchukwu Ozoemena
Between January 2024 and January 2025, 1,723 vessels conducted ‘dark activities’, including turning off their Automatic Identification System (AIS) while on Nigerian waters.

Dr Dayo Mobereola
The Command, Control, Communications, Computers and Intelligence (C4i) centre of the Nigerian Maritime Administration and Safety Agency ( NIMASA) says this alarming number of vessels probably decided to tamper with their AIS system to enable them carry out illicit activities within Nigeria’s Exclusive Economic Zone ( EEZ).
The C4i centre, a critical component of the Deep Blue project domiciled within NIMASA operates with contributions from various security agencies including the Nigerian Navy, Nigerian Air Force, Nigerian Army, the Nigerian Police and the Department of State Services.
It monitors vessels entering Nigerian waters using an intelligence system designed to detect any suspicious activity.
The supervisor of the C4i operation centre, Abdulrasak Lawal disclosed these findings recently during an oversight visit by the House Committee on Maritime Safety, Education and Administration to the Nigerian Maritime Resource Development Centre (NMRDC) in Lagos.
He explained that the system tracks the history of vessels, including their voyages and flags to determine any questionable activities for further investigation. The questionable activities include different types of sharp practices and the deliberate switching off of the AIS, among others.
Lawal said some of the vessels uncovered are suspected to have been engaged in illegal fishing, illegal bunkering, oil theft and dumping of harmful waste in the nation’s waters.
“These vessels, when they sail into our waters, turn off their transmission, and once they do that, you’re not able to track them. Once you are unable to track vessels operating on your waters, there are so many reasons associated with it. We have so many vessels coming for illegal bunkering, illegal fishing, dumping of harmful waste- they are part of the 1723 vessels conducting dark activities.
He added, “Immediately a vessel goes dark, we dispatch one of our aerial assets above that particular vessel to ascertain it’s activities at that moment. Because once a vessel goes dark, it is a crime on its own, and we even have the power to detain any vessel that is conducting dark activities.”
Lawal also highlighted the significant volume of maritime traffic within Nigeria’s waters, which he said accounts for 47 percent of vessel traffic in the Gulf of Guinea with 33,530 port calls recorded between January and April 2025.
This, he said, is against figures from countries within the Gulf of The Guinea (GoG) like Ghana with 4,969 port calls, Gabon- 2,753, Equatorial Guinea- 2,196, Benin- 996, Liberia- 711, and Gambia with 328 port calls within the review period.
The high volume of traffic, Lawal noted, increases the potential for illegal activities and attack on vessels adding that as a member of the GoG, Nigeria is accountable to the International Maritime Organization (IMO) for ensuring security of vessels in its maritime domain.
Lawal disclosed further that a total of 4,016 different vessels entered Nigeria’s EEZ between January and April 2025,
with 166 of them entering for the first time.
Despite the challenges posed by these dark activities, Lawal said the C4i centre of the deep blue project has been instrumental not only in identifying suspicious vessels but also in maintaining a record of zero piracy incidents in Nigeria waters for over one year.
Maritime Agencies
Nigeria – China Currency Swap Deal: Farinto, Olanrewaju Urge Maritime Stakeholders To Take Advantage of Opportunities.

By Izuchukwu Ozoemena
Chairman, Customs Consultative Council (CCC), Aare Hakeem Olanrewaju is optimistic that the currency swap agreement between Nigeria and China has the potential to address the challenges of inflation and other issues working against trade facilitation in the country.
Determined to relieve external funding pressures and ensure trade facilitation between Nigeria and China, both countries engaged in a series of negotiations for a bilateral currency swap framework.
Olanrewaju who chaired the recent breakfast meeting held in Lagos by the Maritime Reporters Association of Nigeria ( MARAN) recalled
a research of over ten years ago showing that prices of goods keep going up in Nigeria compared to other countries of the world.
” I believe the decision of MARAN to organise this breakfast meeting and bring stakeholders together will give us an insight into the benefits and challenges of the currency swap between Nigeria and China”, he said.
Statistics show that China is a strategic tool for trade efficiency and external sector diversification . It has the potentials to offer Nigeria’s maritime industry new trade opportunities with China, the country’s trading partner .
In his intervention, former Acting President, Association of Nigeria Licensed Customs Agents (ANLCA), Dr. Kayode Collins Farinto commended the Tinubu administration for courageous decisions being taken to move the country’s economy forward.
However , he wants Government to tackle the challenge of infrastructure which has been an impediment to trade facilitation so as to efficiently implement the currency swap deal.
Farinto also called for the construction of a functional rail system to make the Lekki Deep Sea port viable and disbursement of the Cabotage Vessel Financing Fund ( CVFF).
He urged the Federal Government to provide the financial support to MARAN to enable the pioneer maritime media association to lead in efforts to carry out needed sensitization on the implementation of the currency swap deal between the two countries.
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