Frangible
26th Nov 2003, 19:42
Don't know which to be amazed at. What they did, or the fact they were indicted.
Anyone know who bought these planes?
From Allafrica.com
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Nigeria Airways: Panel Indicts Ex-Aviation Ministers, Directors
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Vanguard (Lagos)
November 24, 2003
Posted to the web November 24, 2003
Kenneth Ehigiator
THE Justice Obiora Nwasota-led panel report has exposed how former aviation ministers and managing directors of the airline looted Nigeria Airways' funds amounting separately to N54 billion and $300 million.
According to the report, the ministers, namely Rear Admiral Patrick Koshoni (rtd), Air Vice Marshal Anthony Okpere (rtd), and Alabo Tonye Graham Douglas in some cases sold aircraft belonging to the airline without retiring money into its coffers. For instance, Rear Admiral Koshoni in collaboration with the airline's managing director, Air Commodore Bernard Banfa, sold two of the airline's Boeing 727 aircraft for $17.625 million without crediting its account with the money.
The duo are also to account for the $35.25 million, being money taken for procurement of one A310 aircraft, which was not bought eventually.
Alabo Graham Douglas in collaboration with four others incurred a loss of $6.3 million for the airline, following the irregular renewal and termination of CES Travel contract.
For the managing directors, Alhaji Jani Ibrahim, according to reports, inflated figures to the tune of $4,052,234:50 during the Garuda maintenance and D-Check with Hak Air.
Alhaji Ibrahim also paid $928,895:25 to Hak Air as commission and handling charges, even though there was no need for third party arrangements at the time the payment was paid.
Capt. All-Well Brown in collaboration with Alhaji Ibrahim inflated the cost of IT service rendered by Swift and Hays to the tune of N3.25 milliom.
Another former managing director, Capt. Peter Gana, collaborated with five other persons to pay $1.4 million based on fake debit notes.
Another Nigeria Airways' boss, Capt. Benoni Briggs, is also to account for the sum of 807,000 pounds, being the difference of the open market value and forced sale value of 743,000 pounds of four of the airlines properties in London. For Air Vice Marshal Anthony Okpere, no trace of the $0.5 million deposit paid to the Boeing company for the botched purchase of one Boeing 737 aircraft had been found, as the airline's account does not reflect a refund of the money.
According to the panel report, several travelling agents, due to the failings of the managing directors, also swindled the airline of money ranging from N86,179 to N26 million.
Some of the agents which offices are at Tafawa Balewa Square (TBS) include Mrs. C.O. Awosika, Mrs. A.B. Adetoye and Mr. K. Omotegbe, amongst others, while those fingered in Jos, Plateau State, are Mr. D.A. Adebiyi and Deen Travels.
Anyone know who bought these planes?
From Allafrica.com
__
Nigeria Airways: Panel Indicts Ex-Aviation Ministers, Directors
_
Vanguard (Lagos)
November 24, 2003
Posted to the web November 24, 2003
Kenneth Ehigiator
THE Justice Obiora Nwasota-led panel report has exposed how former aviation ministers and managing directors of the airline looted Nigeria Airways' funds amounting separately to N54 billion and $300 million.
According to the report, the ministers, namely Rear Admiral Patrick Koshoni (rtd), Air Vice Marshal Anthony Okpere (rtd), and Alabo Tonye Graham Douglas in some cases sold aircraft belonging to the airline without retiring money into its coffers. For instance, Rear Admiral Koshoni in collaboration with the airline's managing director, Air Commodore Bernard Banfa, sold two of the airline's Boeing 727 aircraft for $17.625 million without crediting its account with the money.
The duo are also to account for the $35.25 million, being money taken for procurement of one A310 aircraft, which was not bought eventually.
Alabo Graham Douglas in collaboration with four others incurred a loss of $6.3 million for the airline, following the irregular renewal and termination of CES Travel contract.
For the managing directors, Alhaji Jani Ibrahim, according to reports, inflated figures to the tune of $4,052,234:50 during the Garuda maintenance and D-Check with Hak Air.
Alhaji Ibrahim also paid $928,895:25 to Hak Air as commission and handling charges, even though there was no need for third party arrangements at the time the payment was paid.
Capt. All-Well Brown in collaboration with Alhaji Ibrahim inflated the cost of IT service rendered by Swift and Hays to the tune of N3.25 milliom.
Another former managing director, Capt. Peter Gana, collaborated with five other persons to pay $1.4 million based on fake debit notes.
Another Nigeria Airways' boss, Capt. Benoni Briggs, is also to account for the sum of 807,000 pounds, being the difference of the open market value and forced sale value of 743,000 pounds of four of the airlines properties in London. For Air Vice Marshal Anthony Okpere, no trace of the $0.5 million deposit paid to the Boeing company for the botched purchase of one Boeing 737 aircraft had been found, as the airline's account does not reflect a refund of the money.
According to the panel report, several travelling agents, due to the failings of the managing directors, also swindled the airline of money ranging from N86,179 to N26 million.
Some of the agents which offices are at Tafawa Balewa Square (TBS) include Mrs. C.O. Awosika, Mrs. A.B. Adetoye and Mr. K. Omotegbe, amongst others, while those fingered in Jos, Plateau State, are Mr. D.A. Adebiyi and Deen Travels.