Taking a cue from the two weeks ultimatum issued debtor airlines recently by the Nigerian Civil Aviation Authority, NCAA, the Federal Airports Authority of Nigeria, FAAN also issued a seven-day ultimatum to all its debtors.

The agency stated that the ultimatum was the Final Demand Notice, which would expire on Monday, August 24, 2015.

A statement by the spokesman of FAAN, Mr. Yakubu Dati stated that all affected debtors had earlier been communicated with details of their respective indebtedness to the agency.

Information gathered revealed that among the debtors were airlines, concessionaires and other service providers, at all airports across the country.

Dati did not however mention the amount involved, but a source close to FAAN said that the total debts may be around N22bn.

The source said the management had exhausted the entire avenues to recover the debts, adding that after the seven days ultimatum, the management might be forced to involve anti-graft agencies.

Dati emphasised that if the affected debtors where in doubt, they should liaise with the authority’s Credit Control Department at its headquarters in Lagos for reconciliation of their accounts within the period of the notice.

The statement added: “At the expiration of this notice, the authority would, pursuant to a Presidential directive, be compelled to take necessary measures to recover these debts. FAAN is self-sustaining and cannot meet its responsibilities within the burden of these huge debts.”

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