NPERA sets N20m corporate penalty for port infractions
The Nigerian Ports Economic Regulatory Agency (NPERA) has set a N20m maximum penalty for corporations committing infractions at Nigerian ports. Read More: https://punchng.com/npera-sets-n20m-corporate-penalty-for-port-infractions/
The Nigerian Ports Economic Regulatory Agency (NPERA), previously known as the Nigerian Shippers' Council, has announced a N20 million penalty for corporate infractions at ports, according to the agency's Director-General, Dr. Pius Akutah. Dr. Akutah stated that the agency now has more robust legal provisions to sanction offenders, unlike the previous regulatory framework under the Nigerian Shippers' Council.
The highest penalty for a corporation under the new law is N20 million, with penalties increasing for repeated infractions. Dr. Akutah emphasized that the aim is to create a deterrent regime through the provisions of the law, discouraging companies from violating regulations.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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