Warehousing of $350m CVFF in TSA illegal — SOAN

Tribune Online
Warehousing of $350m CVFF in TSA illegal — SOAN

The Ship Owners Association of Nigeria (SOAN) has stated that warehousing the $350million Cabotage Vessel Financing Fund (CVFF) in the Treasury Single Account (TSA) of authorities is illegal and unconstitutional. Speaking with the Nigerian Tribune in Lagos, President of SOAN, Dr. Mkgeore Onyung defined that the regulation says that the funds must be warehoused in […]

Warehousing of $350m CVFF in TSA illegal — SOAN
Tribune Online