PTOL’s General Manager Macpherson Nwaukoni, apologized for the oversight while explaining that the action was taken due to losses the company has incurred in the course operations. These losses, according to him occurred as a result of the import ban on certain items resulting in the company’s inability to meet it’s obligation to the Lessor, particularly the rental debt they owe to NPA. He also said the comparison of their rates with other terminals revealed that their own charges are much lower. All these, he said, made operations difficult leading them to increase their tariffs by 15% to 30%.
*He appealed for leniency, explaining that PTOL had not increased charges in 16 years and was currently running at a loss.
The Director, Legal Services Department of NSC Mr. Tahir Idris advised PTOL to obtain documents on NSC’s Legal Framework in order to acquaint itself with the regulatory procedures of tariff increase and to also be guided to ensure they follow right protocol.
The Director, Consumer Affairs, Chief Cajetan Agu insisted that they revert back to their old rates until due process is followed.
He stressed that their action contravened the contracts they signed upon the lease, and as such they violated the Lessor contract and NSC Act.