Nigerian shipowners are demanding answers over $300m said to be missing from the national Cabotage Vessels Financing Fund (CVFF).

The cash was paid in between 2008 and 2015.

This Day reported that the National Ship Owners Association (NISA) have voted to press the minister of transport, Rotimi Amaechi, and potentially take legal action.

They are also asking for $124m contributed by owners since 2015 to be paid out.