manmustwac: So then what is corruption?

lacasa: Vote wisely in 2015


Shikenan!

manmustwac: So then what is corruption?

Frank-C:
The Senate Committee on Aviation, which first announced the debts accruing from the remodelling of airport projects, has inflated such by N26 billion from the actual debts of N148 billion to N174 billion.


Since 2011, the federal government embarked on the rehabilitation, expansion and restructuring of airport terminals, the building of 14 fresh cargo terminals, provision of equipment for the Accident Investigation Bureau and the Nigeria Meteorological Agency (NIMET).
Documents made available to THISDAY from the Federal Airports Authority of Nigeria (FAAN) disclosed that the projects are in three phases and the contract value of phase one is N12.81 billion. Total amount already paid is N11.22 billion, with an outstanding balance of N1.58 billion.


The contract value of phase two of the projects is put at N93.43 billion, while the total amount disbursed to the contractors is N53.97 billion, leaving a balance of N39.50 billion.


The third phase of the projects, which is still at infant stage, has contract value of N63.02 billion, while total amount already paid is N4.21 billion and outstanding payments in this phase is N58.81 billion.


The sub-total of the debts therefore is N99.85 billion, which when added to the debts already approved by the Federal Executive Council (FEC) at N48.37 billion brings the total outstanding debts to N148.23 billion. This amount from FAAN differs from the N174 billion that was declared by the Senate Committee on aviation by about N26 billion.


Meanwhile, former Minister of Aviation, Stella Oduah, in collaboration with the Ministry of Finance, the Central Bank of Nigeria (CBN) and with the consent and endorsement of the Senate and House Committees on Aviation made fiscal provisions for the funding of these projects, which was later abandoned by the Ministry of Aviation, hence the accrual of the debts.


The projects were being funded from three sources: accruals from the Bilateral Air Service Agreement (BASA), appropriations and internally generated revenue and this year there was plan to introduce other sources of funding which include airport development levy and security surcharge.


THISDAY learnt that funding came from approval for presidential priority projects on February 21, 2011 for the utilisation of the sun of $60 million in the BASA fund. This was submitted to the National Assembly for appropriation to be supplemented by a sum of N14.6 billion from the internally generated revenue (IGR) of FAAN.

http://www.thisdaylive.com/articles/senate-inflates-remodelling-projects-debts-by-n26bn/182168/

irun-obo:



WAIT MAKE I HELP YOU ASK GEJ

Frank-C:


I think you need to read the article again. Funding arrangements were made and the sources of funding are detailed in the article. What went wrong was that the projects were abandoned by the Ministry of Aviation, probably after the exit of the Minister and the the unwillingness of anybody to be accused of wrongdoing.

manmustwac: So then what is corruption?

redsun:

Nigerian populace is under unimaginable hypnotic spell,that is why they sitdownlook like zombies while their roofs are on fire.

prophet_one: Is it not the same senate that the beautiful Remi Tinubu accused of being partisan to the GJ's govt and was vilified for? After all he has clarified that stealing is not corruption so they are enjoying the fruits of a kleptocratic government.

Nigerians vote wisely next time.

REFUNDING the excess illegitimate multi-million salary & allowances she also collects monthly while general workers are paid a miserable N 18,000 monthly
Let her do that first and stop being a HYPOCRITE.

jay bee:

Why must all these common stealing be in billions geeez

anonimi:

Do you know if Remi Tinubu has been REFUNDING the excess illegitimate multi-million salary & allowances she also collects monthly while general workers are paid a miserable N 18,000 monthly
Let her do that first and stop being a HYPOCRITE.

HNosegbe: We need to hear from the Senate Committee how they arrived at N174 billion before we can make a conclusion.

manmustwac: So then what is corruption?

pmc01:

Call us ignorant, we hear you.

All we know be say this na use of technical jargons to justify another open secret misappropriation.

Contunu!

Meanwhile, former Minister of Aviation, Stella Oduah, in collaboration with the Ministry of Finance, the Central Bank of Nigeria (CBN) and with the consent and endorsement of the Senate and House Committees on Aviation made fiscal provisions for the funding of these projects, which was later abandoned by the Ministry of Aviation, hence the accrual of the debts.

prophet_one: Is it not the same senate that the beautiful Remi Tinubu accused of being partisan to the GJ's govt and was vilified for? After all he has clarified that stealing is not corruption so they are enjoying the fruits of a kleptocratic government.

Nigerians vote wisely next time.

seunfly:
You ve diagnosed Nigeria's problem, we are too hypocritic in nature and our leaders are not d problem but we the masses for allowing it to happen because of our tribalistic shallow mind. Imagine some defended what our past leaders has done, some silly people are still defending d present leaders while many will stand by d future leaders and the circle will continue.

irun-obo:
THERE IS NOTHING BAD SINCE THEY ONLY STOLE 26BILLION

STEALING IS NOT CORRUPTION---------GEJ

irun-obo:
THERE IS NOTHING BAD SINCE THEY ONLY STOLE 26BILLION

STEALING IS NOT CORRUPTION---------GEJ

Julie9093: .