A
abujagirl
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An ongoing investigation by SaharaReporters has revealed how Aviation Minister Stella Oduah compelled the Federal Airports Authority of Nigeria (FAAN), a cash-strapped agency under her supervision, to borrow a huge amount from a commercial bank in order to buy her two bullet-proof cars.
The scandalous transaction, which is quite similar to the one that cost the Nigeria Civil Aviation Authority (NCAA) $1.6 million to purchase two armored BMW cars, was also hatched using a loan facility from the First Bank of Nigeria.
Several sources at FAAN and First Bank told SaharaReporters that George Uriesi, the Managing Director of FAAN, conspired with Ms. Oduah to obtain a loan of N1.3 billion from First Bank. Part of the loan was used to buy 205 cars for several staff members, directors as well as board members of FAAN.
In addition, however, four armored cars were purchased for the Minister of Aviation, Stella Oduah, and FAAN’s MD, Mr. Uriesi.
SOURCE: Sahara Reporters
Read more at http://saharareporters.com/news-pag...rrowed-n13-billion-aviation-minister’s-bullet
The scandalous transaction, which is quite similar to the one that cost the Nigeria Civil Aviation Authority (NCAA) $1.6 million to purchase two armored BMW cars, was also hatched using a loan facility from the First Bank of Nigeria.
Several sources at FAAN and First Bank told SaharaReporters that George Uriesi, the Managing Director of FAAN, conspired with Ms. Oduah to obtain a loan of N1.3 billion from First Bank. Part of the loan was used to buy 205 cars for several staff members, directors as well as board members of FAAN.
In addition, however, four armored cars were purchased for the Minister of Aviation, Stella Oduah, and FAAN’s MD, Mr. Uriesi.
SOURCE: Sahara Reporters
Read more at http://saharareporters.com/news-pag...rrowed-n13-billion-aviation-minister’s-bullet