Senate Directs CBN To Recover N35.5bn Aviation Fund From Air Nigeria

Channels Television  
Updated January 29, 2013

The Senate on Tuesday directed the Central Bank of Nigeria (CBN) to recover the sum of N35.5billion Aviation Intervention Fund which was extended to Air Nigeria.

The chairman of the Senate Committee on Aviation said the committee during its investigations into the Dana Air plane crash discovered that the N35.5billion aviation intervention fund which was disbursed by UBA and extended to Air Nigeria was diverted by the management of Air Nigeria to other businesses.