Reps committee indicts FAAN of under-remitting N65billion to Federal Govt
The Chairman of the Committee, James Faleke, made the disclosure at an interactive meeting, which held in Abuja, National Assembly between the Committee on Finance and other federal government revenue generating agencies
He said, “from documents available to this committee by FAAN, we discovered that FAAN was supposed to have remitted the sum of N9.48billion but made remittance of N5billion for the year 2014 and similarly, in 2015 same FAAN under paid government over N7billion as it paid N1.145billion as reflected in the federation account but in your books before us, you stated that you paid N2.151billion.
“In 2018 you remitted N1.77billion instead of N14billion and in the year 2019 actual amount due to federal government was N15.49billion but you ended up paying N1.35billion. In defence of the agency, the Managing Director of FAAN Mr. Rabiu Hamisau Yadudu claimed that the agency is currently subsidizing over 18 airports in Nigeria.
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