brought down Afrijet!!

[AfricanEagle21]

A cursory look at the income & expenditure for Afrijet Airlines between the period in question, January 2008 to November 2009 shows the following:

Income

2008 N420,475,550

2009 N629,097,101

Total Income N1,249,57,2560


Expenditure

2008 N1,199,909,586

2009 N773,165,129

Total Income N1,882,074,715

Deficit N632, 502,155


FuelN700m

SalaryN471m

HotelN80m

CateringN90m

OthersN550m

CAS N1,125,000,000

*Figures from Afrijet Airlines Finance Department (verifiable)

One wonders why monies paid to the hotel (N80 million) which forms 4% for the both years, 2008 & 2009, for services rendered to Afrijet – for which some of the personnel which have been eating and sleeping in the hotel since May - form the main issue. Whereas the N1,125,000,000 removed by CAS owned by Vitalis Ibe, from the Afrijet system is concealed. It is clear that these are diversionary tactics to hoodwink staff and management from the actual truth.

If you subtract the deficit of N632,502,155 to the monies removed by Vitalis Ibe's CAS (N1,125,000,000), Afrijet would have a surplus of N4,924,978,845, not the debit balance of N1,757,502,155, which we have today occasioned by the removal of the N1.13 billion by CAS.

These diversionary tactics have been used by the perpetrators of these removals by employing the activities of Alhaji Mohammed Tukur, who has up till now has now not accounted for the $1.3million collected from Idah Cargo Abuja and the N15million that is still unaccounted for the military charters. Tukur's hasty exit Afrijet Airlines was a ploy to cover up these nefarious activities. Alhaji Mohammed Tukur and Vitalis Ibe have resulted sponsoring articles in Encomium and other tabloids – whose reporters collect brown envelopes in order publish their falsehoods as diversionary tactics from the real issues.

How can N80million (accounts for 4% expenditure) paid to Hillcrest Hotel in one year, be more relevant than the N1.2 billion removed by CAS (which forms 200% of the deficit)?