The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has said the 9th Senate of the Federal Republic of Nigeria is dissatisfied with the Aviation Ministry.
Sani expressed the Senate’s grievances while speaking at the Zuma Rock Resort in Niger State on Wednesday, December 1, 2021.
According to the Senator, the agency is stalling the operations of the Asset Management Corporation of Nigeria (AMCON), a government debt resolution agency that has completed all the legal hurdles to establish NG Eagle Airlines.
Sani explained that the new airline has been unable to obtain the final Air Operating Certificate (AOC) for the new airline to begin scheduled service.
The Senator said “This AMCON intervention in Arik and the frustration the agency is going through because of its proposal to set up NG Eagle as best option to recover its investment in the airlines is not supposed to be. I think we are about to lose billions of naira because of ego. The ministry is not being realistic with his proposal of a National Carrier and because of that frustrating the efforts of AMCON on NG Eagle.
“I say it is not realistic after we listened to the explanations of the ministry that the government will own only 5% of the new National Carrier, Nigerians will own 46% and yet to be named foreign interest will own 49%. So, I think the Executive arm of government will work together with the 9th Senate under this Committee to ensure that the right things are done to enable AMCON to recover this huge outstanding N4.4trillion debt.