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  • Chidozie Uzoezie

NIGERIA: N300bn Aviation Fund Diverted To Ghana – Senate

Nigerian Senate says N300 billion aviation/power intervention funds were transferred to private accounts and diverted to purchase of properties in Ghana.

This comes as the aviation ministry has exonerated itself, saying it is not aware of the disbursement of the funds.

The revelation came to the fore on Monday at an investigative hearing on the disbursement and utilisation of N300 billion power and aviation intervention fund released by the Federal Government in 2011.

The 10 airlines that benefited from the funds include: Arik Airlines, Dana Airlines, Aero Helicopters, Kabo Air, Caverton Helicopter, Overland Airways, First Nation Airways, Chanchangi Airlines, Odenegene Air, and Air Nigeria.

Although Godwin Emefiele, CBN governor, explained that out of the 10 airlines that benefited from the fund, two of them: Air Nigeria and Chanchangi have become moribund, but failed to list how much each of the airlines collected.

Click here to read the full article.

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Comments (25)

Sep 21, 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!


Sep 30, 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.


Oct 24, 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.


Nov 10, 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..