Thursday, 14 January 2016

SENATE TO PROBE $40 MILLION LOAN TO AVIATION INDUSTRY

PIC.23. SENATE CHAMBER DURING THE INAUGURATION OF THE 8TH NATIONAL ASSEMBLY IN ABUJA ON TUESDAY (9/6/15). 3023/9/6/2015/CH/BJO/NAN


The Senate has mandated its committees on aviation and anti-corruption to commence investigation into alleged disbursement of 40 million dollars ($40m) loan for rehabilitation and development of infrastructure in the aviation industry.

The mandate is part of a 15-point recommendation adopted while considering report of the Ad Hoc Committee on Aviation on the poor state of the aviation industry in Nigeria.

The report was presented by the Chairman of the Committee, Sen. Rabiu Kwankwaso (APC Kano Central).

The committees were also mandated to probe a N33.55 billion alleged to have been released by the Federal Government in 2011 for the same purpose.



The upper chamber recommended that only qualified and properly trained personnel should be employed, in view of the delicate nature of the aviation industry, while capacity building should be given priority.

The Senate also recommended that abandoned aircraft in custody of the Nigeria Civil Aviation Authority (NCAA) should be resuscitated, while the Federal Government should develop a financial programme as a bailout.

The bailout, according to the upper chamber, should be tailored toward growing airlines in the country.

“The framework of this financial programme can take into consideration funds for acquisition of new equipment”, it said.

Source: vanguard

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