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Reps Probes N60bn Looted Nigeria Airways Fund

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he House of Representatives yesterday revealed plans to investigate the sum of N60 billion allegedly looted by some political officer holders and civil servants in Nigeria Airways Limited. This followed the adoption of a motion on the need to investigate Justice Obiora Nwazota Commission of Inquiry into the activities of the defunct Nigeria Airways Limited sponsored by Hon. James Faleke. In his lead debate, Faleke who noted the need for the White Paper to be released and the recommendations of Justice Nwazota Commission implemented, observed that the resolve of Federal Government to commence the payment of N22.6 billion outstanding entitlements of ex-workers of Nigeria Airways Limited being first tranche of installment payment should be scrutinized.   “The House notes that the federal government under president Muhammadu Buhari has commenced payment and offsetting of 50 percent of the outstanding entitlements of ex-workers of Nigeria Airways Limited in total sum of N22.6 billion only being the first tranche installment payment, while the other part payment of the balance of 50 percent in same amount is expected to be paid in 2019 due to paucity of funds”. “The House further notes that long before the advent of this administration, precisely in 2002, the Obasanjo-led federal government had established the Justice Obiora Nwazota judicial commission to probe into the operations of the company; “The House is aware that the commission turned in a report which revealed the mind-bogging corruption and looting to the tune of N60 billion;

“The White paper was approved by the Federal Government and further directed the Federal Ministry of Finance and the Police to recover the stone funds and prosecute the indicted culprits; “The House is worried that till date, nothing has been heard of the report and those indicted in the report are believed to be largely visible in the public arena, while the ex-workers continue to languish in abject poverty having being denied their rights to their entitlements, with many of them reportedly dead without receiving their entitlements. “The House is further concerned that those who have been identified to have looted this humongous sum of N60 billion in 2002, a sum whose value will no doubt be in the region of about N200 billion in present day might have been using the said fund to fight, destabilise the government and in some cases, may have bought their way out of prosecution and possible conviction”, Falake alleged. In adopting the motion, the House resolved to investigate, reveal and make public, the identities of those indicted in the White Paper report. The Ad-hoc Committee is expected to turn in its report back to the House, four weeks after it is constituted.



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