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Reps Give FAAN Two Weeks Ultimatum To Remit N66bn

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The House of Representatives has issued an ultimatum to the Federal Airports Authority of Nigeria (FAAN) to remit the sum of N66 billion to the coffers of the Federal Government.

The House Committee on Finance gave the deadline on Wednesday and requested the company to clarify why it did not remit the stated sum out of the N75 billion it generated between 2014 and 2019.

It noticed that the figures offered by FAAN didn’t tally with these within the information of the Accountant-General of the Federation.

The committee additionally famous that the quantity was completely different from what the Auditor-General of the Federation had, including that the company remitted solely N9 billion to the federal government within the final 5 years.

It, subsequently, gave FAAN an ultimatum of two weeks to remit the stability of N66bn to the federal government coffers if it can not account for the non-remittance.

The ultimatum was issued after the administration of FAAN appeared earlier than members of the committee, as a part of its oversight on Ministries, Departments, and Agencies (MDAs).

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