{"id":8329,"date":"2016-06-21T13:30:34","date_gmt":"2016-06-21T11:30:34","guid":{"rendered":"http:\/\/www.faithirabor.com\/?p=8329"},"modified":"2016-06-21T13:35:32","modified_gmt":"2016-06-21T11:35:32","slug":"revealed-how-jimoh-ibrahim-diverted-n35b-aviation-intervention-fund-to-ghana","status":"publish","type":"post","link":"http:\/\/www.faithirabor.com\/?p=8329","title":{"rendered":"Revealed: How Jimoh Ibrahim Diverted N35b Aviation Intervention Fund To Ghana"},"content":{"rendered":"

The Joint Senate Committee on Aviation and Anti-corruption investigating the disbursement of N500 billion power and aviation fund has revealed that the N35 billion loan collected by the Chairman of the defunct Air Nigeria, Jimoh Ibrahim, was diverted to Ghana. The Federal Government in 2011 released N120 billion through the Central Bank of Nigeria to the aviation sector as intervention fund to rescue the sector from total collapse. At the investigative \u200ehearing by the Joint Senate Committee on Aviation and Anti-corruption on Monday, the Deputy Leader of House and also Vice Chairman of Aviation Committee, Senator Ibn Bala\u2019 Nallah, disclosed that the fund allocated to Virgin Nigeria was diverted to another project in Ghana by Ibrahim, who is the CEO of Energy Group. Confirming the diversion of the funds, a former Director of Finance and Accounts of Air Nigeria, John Nnorom, said \u200eIbrahim worked with a Nigerian bank on the project. Nnorom explained that prior to getting the funds, Ibrahim brought in the Bank as part of the Directors of Air Nigeria. He, however, said surprisingly, the very day the N35 billion hit the account of Air Nigeria domiciled with the Bank, it was also paid out. The Minister of Transportation, Rotimi Amaechi, while responding to questions, revealed that though the fund was released in the name of Aviation, it did not pass through the Ministry and there was no record anywhere to show the money was received by the Ministry. Amaechi said: \u201cDistinguished Committee Chairmen, members, my job here is to watch proceedings because I know nothing about it and there is no record showing how the funds was disbursed.\u201d The Committee also queried the Central Bank of Nigeria for its inability to provide the record of N120 billion loan disbursed to rescue airlines in Nigeria as the Committee mandated th\u200ee apex bank to provide the record within 24 hours. According to the Committee Chairman, Senator Hope Uzodinma: \u201cWe want the report of the disbursed fund with 24 hours. \u201cIf you are not able to account for it, we will hold you responsible for the fund.\u200e\u201d The Committee also asked for the \u200ecriteria used to shortlist airlines that benefited from the aviation intervention. Earlier, Uzodinma, in his welcome address, made a shocking revelation that most of the airlines that benefited from the N120 billion intervention fund have become moribund. He said: \u201cThat is why it is a very disturbing development to learn of allegations that monies were not properly utilized for the stated objectives. \u201cThese allegations are just absurd, but shocking. \u201cWe are here to ascertain the veracity or otherwise of such allegations of misappropriation or diversion of the said funds. As is normally the rule in any investigation, we hold nobody guilty unless it is proven beyond all reasonable doubts that he or she is guilty. \u201cCuriously however, from the list of beneficiaries \u200eof funds, some of the airlines have long folded up.\u201d \"image\"<\/a><\/p>\n

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The Joint Senate Committee on Aviation and Anti-corruption investigating the disbursement of N500 billion power and aviation fund has revealed that the N35 billion loan collected by the Chairman of the defunct Air Nigeria, Jimoh […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":8328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[3,34],"tags":[2059,232,183,2058,2057,214],"class_list":["post-8329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","category-pictures-gallery","tag-aviation-fund","tag-bukola-saraki","tag-efcc","tag-ekweremadu","tag-jimoh-ibrahim","tag-senate"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t