Aviation Scandal: More Revelations As Senate, House of Reps Investigate

The Senate Committee on Aviation has revealed that the Federal Airport Authority of Nigeria, FAAN, purchased 202 vehicles.

The chairman of the committee, Senator Hope Uzodinma, who had a meeting with the Managing Director of the Federal Airport Authority of Nigeria (FAAN), Mr George Uriesi, said that the committee is investigating the purchases, which include 4 armoured cars.

He said the FAAN management confirmed to the committee that the vehicles were for operational use.

Meanwhile, as the House of Representatives continues to probe the controversial procurement of 2 armoured cars by the Nigerian Civil Aviation Authority (NCAA) the Nigerian Customs Service has stated that no duty was paid on the vehicles, as a duty waiver was obtained for the importation.

In his presentation to the House of Reps Committee on Aviation, Deputy Comptroller-General of the Customs Service, Manasseh Jatau, said the 1 year waiver was from the Ministry of Finance for the 2012 Eko Games, which had Lagos State Government as beneficiary.

The President of Coscharis Motors, Cosmos Maduka, also led a team to the hearing. They spoke on the procedure followed on the purchase of the cars and other issues raised by the committee and explained that every requirement by law was duly followed.

The committee has however given the Minister of Aviation, Stella Oduah, who was absent at the hearing, an ultimatum to appear before it unfailingly on Thursday.

 

Finance Minister is playing Anambra politics – Ifeanyi Uba

The Managing Director of Capital Oil and Gas, Ifeanyi Uba on Monday accused the Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala of using her position to engage in local politics.

Speaking as a guest on Channels Television’s programme, Sunrise Daily, Mr Uba said the Minister is also assuming the position of a god.

“She’s playing Anambra state politics with her job and reputation. She is assuming to be god; she’s not god,” he said.

Uba denies receiving help from Maduka; calls Cosharis group ‘pure water’ business

The Managing Director of Capital Oil and gas, Ifeanyi Uba on Monday denied claims by the Chief Executive Officer of Cosharis group, Cosmos Maduka that he offered him (Mr Uba) a lifeline when his business was in the brink of collapse.

“Is it by his pure water business that he’ll be able to come and help me,” Mr Uba, who was a guest on Channels Television’s breakfast programme, Sunrise Daily, asked.

Mr Uba said he believes politicians were influencing the Cosharis boss, whom he referred to as an uncle, to engage in the media war with him.

Mr Maduka had claimed that since Mr Uba and his company (Capital Oil and Gas) were labelled by most commercial banks in Nigeria as ‘unbankable’, he helped the oil merchant to obtain a loan of $180 million from Access Bank to finance the importation of Premium Motor Spirit (PMS).

The Cosharis boss also alleged that 10 letters of credit were opened and that of the 10 expected cargoes, only six were delivered.

Disputing Mr Maduka’s claims, Mr Ubah said “everything about that story is false.”

When asked if it was true that he is indebted to Access Bank to the tune of N21 billion, Mr Uba said ‘you can’t eat your cake and have it’.

He said the loan he obtained from the bank was what he used to import petrol of which his company is yet to receive subsidy payment. “The money is sitting in Access Bank,” he said.

“Access Bank is the consignee of all the vessels imported. Therefore, if they are accusing of fraud, then it is all of us together,” he added.