The winning of these cases at the Appeal Court portend a light at the end of the tunnel for the embattled regulator, which has largely been seen as a toothless bulldog over the years. Going by the recent judgments by the law court, NSC purse may be swelled with additional N11trillion, being a refund expected to come from the terminal operators and the shipping companies. Shipping companies are expected to pay about N4trillion, while the Terminal operators are expected to pay about N7trillion. The latest was when Justice Chidi Nwaoma Uwa of the Appeal Court upheld the decision of the Federal Government to appoint the Nigerian Shippers Council as ports economic regulator. The Court of Appeal sitting in Lagos last week, also upheld the judgement of the Federal High Court between the Nigerian Shippers’ Council (NSC), and Seaports Terminal Operators Association of Nigeria (STOAN) over shipping charges.

Source: The Guardian January 24, 2018 03:00 UTC