Former Vice-Chairman of Arik Air, Senator Anietie Okon has alleged that some interests in government had planned to take over Arik Air and sell it cheaply to themselves but this was forestalled by Asset Management Corporation of Nigeria (AMCON), which is currently managing the airline. Senator Okon said the interest group took advantage of the financial distress of the airline occasioned by the crash of Nigeria’s economy that forced it into recession and the plunge of the value of the Naira. This he said made it extremely difficult to obtain foreign exchange and run the airline, which has the largest fleet in the country, adding that the bad economy also affected some other companies in the country, which rely on forex to sustain their operations. Okon observed that currently no Nigerian airline is benefitting properly from the bilateral agreement Nigeria signed with other countries; rather government has given away all the routes...
By ANTHONY AWUNOR, Lagos - Except the Federal Government constitutes a Board of Directors for aviation parastatals , the ministry will continue to get it wrong in terms of employment, policies and resource management. This is the position of aviation professionals in the sector who have equally called on the Presidency to urgently constitute the Board of Directors for the aviation parastatals so that things can work smoothly. The aviation body-Association of Nigerian Aviation Professionals (ANAP) therefore, implored President Muhammadu Buhari to hearken to their voice and speedily save the industry from undue pressure from the aviation ministry. Speaking through its Secretary General, Comrade Abdulrazaq Saidu, the body made up of aviation professionals pointed out that, due to the fact that there is no Board of Directors on ground, the aviation ministry has been interfering on the day to day running of the parastatals which is not supposed to be so. According to Comrade...
BY ANTHONY AWUNOR, Lagos The Federal Ministry of Transportation, through the Ministry of Aviation has made some new appointments and postings in the Federal Airports Authority of Nigeria (FAAN) and Accident Investigation Bureau (AIB). The new development was communicated from the human resources management department yesterday to the management of FAAN via a letter titled “Staff Appointments and Posting” with reference number Ref: MCA/0146/S. 22/Vol T /91. In the letter dated 18th August, 2017, addressed to the managing director of FAAN, ngr Saleh Dunoma, the ministry stated “the Honourable Minister of State, Aviation has approved the following appointments and staff postings in FAAN as follows.” Mal Kabir A N Mohammed as general manager, accounts while Mr. Anozie Norris is now director (HRM) FAAN. Hajiya Salamatu Eluma, a director of (HRM) has been posted to AIB as director (HRM).” According to the official document, signed by director (HRM), S.U.D. Maigana on behalf of the...
By ANTHONY AWUNOR, Taxpayers in some states of the federation have started to express growing discontent over billions of money being spent on the construction of airports by many state governments even as they raised concerns over the viability of such airport projects. Apart from the 25 airports being managed by the Federal Airport Authority of Nigeria (FAAN), many state governments have since embraced airport projects both as a status symbol and a conduit pipe to syphon huge funds from the government’s purse. But not a few analysts view such efforts as a conduit and waste of public resources. LEADERSHIP findings have revealed that, about 20 states have cumulatively spent and budgeted about N350 billion on existing and proposed airport projects. The states that have either proposed or built airports are: Bauchi, Katsina, Akwa Ibom, Delta, Jigawa, Kebbi, Gombe and Taraba, even as Ekiti, Nasarawa, Osun, Ogun, Zamfara, Abia, Anambra, Oyo and Lagos...
The International Air Transport Association (IATA) has said that the Central Bank of Nigeria (CBN) has released $425 million out of $600 million trapped funds belonging to foreign airlines that flies into the country. The funds are accruing from ticket sales of foreign airlines which had since been repatriated to their home country. For two years, the problem had persisted due to paucity of foreign exchange. IATA’s area manager, South West, Dr. Samson Fatokun who disclosed this at a press conference in Lagos recently said the balance $ 175 million is still awaited from the CBN. He said the non-remittance of this funds was really affecting the operations of the airlines as the money was not their profit but covers their operational cost which include: aircraft maintenance, training, simulator, payment of staff among others. The IATA representative noted that this situation had forced many airlines in the past to terminate their operations into...