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New Lagos Traffic Law Threatens FG N1 Trillion Ports Revenue

AMATO has warned of imminent breakdown of port operations The Association of Maritime Truck Owners (AMATO) has warned of imminent breakdown of port operations, which will definitely lead to standstill in international trade and subsequent high prices of products, following the ban of truck operations in day time in Lagos.It also warned that the federal government might experience difficulty in earning income from tariffs if the new law is allowed to stay, as the port remains the second largest source of income for the federal government.The federal government aims to garner N1 trillion from the ports this year, but a new traffic law signed by the state governor, Babatunde Fashola, onThursday, which banned cargo truck movement into the metropolis in day time could deter the revenue target, AMATO warned.By the new Lagos State Road Traffic Law, with the exception of tankers and passenger trucks, trailers are not allowed to operate within the metropolis precisely between the hours of 6am and 9pm. Offenders risk six months' imprisonment or impoundment of vehicle and payment of N50,000 fine.Speaking with LEADERSHIP yesterday, the chairman of AMATO, Remi Ogungbemi, warned that such a law would not only cause congestion at the ports, but would also ...

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Police arrest man over attack on oil tanker crew

A member of a notorious sea pirate gan has been arrested by the police A member of a notorious sea pirate gang that had terrorised the Kirikiri Waterways in Lagos, has been arrested by the police.The suspect, identified as Keyinde Oteju, was arrested when he led other members of his gang to attack an oil tanker vessel that berthed at Earthmovers Jetty, Kirikiri Town, Lagos and unleashed mayhem on the crew aboard. The gang had stormed the oil vessel on board a speed boat before gaining entry through a ladder attached to the body of the vessel. It was learnt that the bandits held the crew hostage for hours and dispossessed them of cash and valuables.However, an alarm was raised by the crew after the bandits had left, following which a search conducted by members of the Joint Security Task Force, led to the arrest of a member of the gang.A task force member, Mr. Ade Ijagbomo, told that Oteju was arrested while trying to flee the community.He said: "We got a report from members of the crew onboard the vessel that they were attacked by hoodlums, who were in the habit to terrorising the waterways and we went after ...

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