Airports: Concessioning To Wait Until N120bn Fund Probe Over – Reps

The House of Representatives has called on the minister of state for aviation, Sen. Hadi Sirika, to suspend plans on the proposed concession of airports until he is able to brief the House as well as Nigerians, the benefits of the concession as well as how it will tackle the challenges the aviation sector faces.

It also called for the probe of the former minister of aviation, Sen. Stella Oduah, over the diversion of the N120 billion aviation intervention fund provided by the Central Bank of Nigeria (CBN) in 2012.

These were part of recommendations of the report of the House Committee on Aviation on the investigation into how to rescue the airline industry from imminent collapse, which was considered yesterday.

The House is also to invite Sen. Sirika to brief it on his plans and programmes for the aviation sector, including the current status of the ongoing remodelling of international airports, the reasons behind the scope and design of the remodelling. He is also to provide detailed drawings and specifications of current design in order to enable the ascertainment of the action cost of ongoing work compared to the loan received.

The report’s recommendations include: “Urge the minister of state, aviation, to stay action on the proposed concession of airports until the minister has been able to brief the House and Nigerians on how the proposed concession will remedy the challenges facing the sector and benefit consumer.

“Refrain from taking any action on the concession agreement between FAAN, and Bi-Courtney till the case is determined by the Supreme Court.

“Invite the governor of Central Bank of Nigeria and airline operators (Domestic and International) to deliberate on the possibilities of CBN’s intervention in the crisis of foreign exchange for the airline industry.

“Call on the Economic and Financial Crimes Commission (EFCC) to investigate the diversion of the N120 billion aviation intervention fund provided by the CBN in 2012.

“Meet with the management of Aviation Regulatory Agencies (FAAN, NCAA, NAMA, AIB, etc) to deliberate on the possibilities of denominating the aviation sector in local currency (Naira).

“Urge the management of Arik Air to reconcile its accounts with FAAN with a view to paying off its debts”.

The committee also recommended that the House invite Asset Management of Nigeria (AMCON) to appear before the it and fully brief the House of its plan of action to resuscitate the airline, Aero Contractors.

It further urged the Nigerian National Petroleum Corporation (NNPC) to, as a matter of urgency, make aviation fuel available regularly at affordable prices and make effort  to refine aviation fuel (Jet 1) locally.

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Spanish Investors Wait For Buhari’s Cabinet

Mr Pablo Segrelles, the Economic Counsellor of the Embassy of Spain in Nigeria, on Thursday, said that Spanish companies were awaiting President Muhammadu Buhari’s cabinet to enable them to increase investments in Nigeria.

According to him, Spanish investors, who had “keenly’’ monitored the conduct of Nigeria’s elections were now expecting the announcement of a new cabinet.

“Spanish companies have always indicated interest in doing business in Nigeria, but the conduct of the 2015 elections resulted in a lot of standby decisions by these companies,” he said. “But shortly after the peaceful conduct of the elections, these companies are more than ready to come into Nigeria. They are now waiting for President Buhari to constitute a new cabinet. And as soon as he announces his cabinet, more Spanish companies will come to Nigeria.”

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APC Will Wait Till Eternity To Rule Bayelsa- Gov Dickson

The governor of Bayelsa State, Seriake Dickson, has dismissed the plot by the All Progressives Congress to win the 2016 governorship election in the state, saying the party will wait till eternity to actualize its dream.

He also said he inherited a whopping debt of N332.2 billion when he assumed office in 2012 and rejected the claim by the opposition party that the state has nothing to show for the federal allocations to it.

This is contained in a statement on Monday by the governor’s media aide, Daniel Iworiso-Markson.

The National Chairman of the APC, John Oyegun, lambasted the state government for poor performance, saying it could not account for the huge allocation from the federal government.

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