SENATE COMMITTEE ON AVIATION TO COMMENCE PUBLIC HEARING ON ALL CONCESSION AGREEMENTS ENTERED INTO BY FAAN

Public hearing is being organized by the Senate Committee on  Aviation into all the concessions entered into by  the Federal Airports Authority of Nigeria(FAAN),especially those concerning the collections of revenues from several of its revenue generating aspects of airports management business.

The public hearing expected to come up before the end of July,2010 is being planned by the committee in view of avalanche of protests by workers unions and some stakeholders alleging  the un-favourability of the various concession agreements to the revenue portfolio of the Authority.

Competent sources close to the Senate Committee informed the NigerianAviationNews that despite the fact that FAAN has more than twenty-six (26) companies on the list of its registered concessionaires, it was baffling and unimaginable that the Authority’s revenues has not appreciated reasonably beyond the period prior to the signing of the agreements with the private companies.

Apart from the invitations being extended to companies involved in collating and collection of revenues, companies that had agreement with FAAN on Airport Concessions are also to appear before the Senate Committee.

The aim of the public Hearing ,it was learnt was to verify which of the agreements needed to be reviewed or be cancelled outright on its being detrimental to the financial well-being of FAAN, more so when some companies who collected revenues on behalf of the Authority blatantly refused to remit such collections to the coffers of FAAN, thereby impoverishing the Authority more than they met it.   

The Director of Administration,  

Federal Airports Authority of Nigeria, 

Mr. Adeniyi Ajakaye, Managing Director,

Mr. Richard Aisuebeogun, and  Chairman 

Senate Committee on Aviation, Elder 

Anyim Ude during a visit by the  oversight

committee on the recent power outage at

the Murtala Muhammed International Airport,

in Lagos on Monday.