Cross River ratifies shareholders’ agreement on Bakassi deep seaport

The Cross River State Executive Council has ratified the shareholders’ agreement governing the Bakassi Deep Seaport ownership and operations. The agreement mandates the restructuring of Bakassi Deep Seaport Ltd., the Special Purpose Vehicle (SPV) established for the project, as part of the state’s partnership with Arise IPP Ltd., a UAE-based firm specializing in port development. […]

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