7 hours Ago By Itodo Daniel Sule
By Itodo Daniel Sule The House of Representatives Committee on Public Assets has invited the Managing Director of Federal Airports Authority (FAAN), Mrs Bunmi Kuku over alleged irregularities in the operations of the agency’s partners in the Public Private Partnership (PPP) arrangement. The committee noted that despite the expiration of lease, concession agreements of some companies with FAAN, they continue to operate without any legal terms and evidence of payment to the concession account. Chairman of the House Committee on Public Assets, Ademorin Kuye, said the committee took the steps to carry out an investigation in the aviation industry in line with the committee’s mandate and public’s concern over alleged abuses of PPP arrangement.
The committee, during its meeting, directed FAAN’s Managing Director, Kuku to furnish the secretariat all the necessary documents regarding leases and concessions agreements with its partners on or before Thursday, 6th March 2025. The committee also mandated the managing director of FAAN and its management team to appear before it. According to the committee, some of the companies whose concessions have expired but are still operating include NAHCO, which was concessioned to operate as a handling company in all airports in Nigeria but has expired since December 2017.
Others include Infra Oil Ltd, leased for petrol station, Enugu but expired since November 2023; Jasmine Gardens, lease for recreational garden, Benin, but expired since April 2024; Sahara Energy Resources Ltd, lease for construction and operation of aviation fuel depot, Calabar, Owerri and Port Harcourt expired since June 2024 (Calabar and Owerri) while that of Port Harcourt expired in March 2023. Discover the latest trends on Temu! Shop mobile phones, fashion, beauty, home essentials & more. Start exploring now! Click here to learn how it works.
Unlock AI's potential! Get top prompts for content, blogs, social media, research, draft proposals and more. Boost creativity start using AI tools today! Click here to learn how it works. Start Affiliate Marketing Today! Learn step-by-step how to set up a blog, find programs, create links, and earn money—beginner-friendly guide inside! Click here to learn how it works.
Join our FREE WEBINAR! Discover the 3-step formula to turn WhatsApp into a cash-generating machine. Sign up now and start earning!" Click here to learn how it works. Master Facebook Ads! Learn to set up Business Manager, run campaigns, optimize budgets, and drive sales.
Start your journey to ad success today!" Click here to learn how it works. Unlock your confidence and attract the love you deserve! Learn how to become irresistible to women—start your transformation today!" Click here to learn how it works. Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
.
