The House of Representatives Committee on Public Assets has accused the Federal Airports Authority of Nigeria (FAAN) and its private partners of abusing concession and public-private partnership (PPP) agreements, allegedly denying the government its due revenue.
At an investigative hearing, Committee Chairman Ademorin Kuye (APC, Lagos) revealed that some companies continue to operate despite the expiration of their lease and concession agreements with FAAN, without any legal backing or evidence of payment to the concession account.
As a result, the committee has summoned FAAN’s Managing Director, Mrs. Bunmi Kuku, to address the alleged irregularities in the agency’s PPP arrangements.
Kuye stated that the probe aligns with the committee’s mandate and public concerns regarding PPP abuses in the aviation sector. (TheNation)