• Senate probes N20bn payments to defunct Albarka Airlines, others

    Senate probes N20bn payments to defunct Albarka Airlines, others

    It was gathered that the Senate is currently probing the payment of over N20bn “debts” to some Federal Government contractors between 2015 and 2016.

    The government also planned to pay a contractor for a job executed in 1974, it was learnt.

    One of the beneficiaries was Albarka Airlines, grounded by the Nigerian Civil Aviation Authority in December 2005, which was paid about N1bn in two installments in 2015.

    A document issued to the Senate Committee on Local and Foreign Debts by the Debt […]

  • I didn’t accuse Saraki of embezzling N20bn – Sen. Ibrahim

    I didn’t accuse Saraki of embezzling N20bn – Sen. Ibrahim

    According to reports, the Senator Representing Katsina South in the Senate, Abu Ibrahim, at the weekend denied accusing the Senate President, Bukola Saraki, of embezzling twenty billion naira, saying such reckless accusations are never associated with him.

    In a statement he issued in Abuja, Senator Ibrahim said at no time did he grant any interview to any media organisation on any matter as serious as the issue of embezzlement in the Senate.

    “I wish to state categorically that I have never granted […]

  • FG expects N20bn from sale of presidential jets

    FG expects N20bn from sale of presidential jets

    Not less than N20 billion (about $50 million) is expected by the Federal Government from the sale of two out of the 10 airplanes in the presidential fleet.

    The figure, according to sources, is based on “the current market value” of Falcon 7X and Hawker 4000, as well as their year of entry into service (still recent) and the short distance they have travelled till date.

    Aviation experts corroborated the valuation of the aircraft, with some telling the office of the National […]