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Reps move to recover $7bn from foreign airlines

Naija News • 1h ago
Reps move to recover $7bn from foreign airlines
The House of Representatives has commenced moves to recover over $7bn allegedly owed to the Federation Account by some foreign airlines operating in the country since 2023. The Chairman of the House Committee on Finance, Abiodun Faleke, disclosed this on Tuesday in Abuja at the flag-off of the review of the 2023–2025 revenue monitoring exercise of the Federal Airports Authority of Nigeria. Faleke, who represents Ikeja Federal Constituency of Lagos State, expressed concern over the scale of indebtedness by both foreign and domestic airlines, following submissions made by FAAN’s Managing Director, Mrs Olubunmi Kuku. Kuku told the committee that out of N25.86bn owed by airline operators in 2023, the agency recovered N8.08bn, representing 31.25 per cent, leaving an outstanding balance of N1...
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