The Public Accounts Committee of the House of Representatives has given a week ultimatum to all private Airline operators in the country within which to render justifiable evidence before it on how they expended the N4bn they collected from the Federal Government as COVID-19 intervention funds or refund the money to the government treasury.
This directive was handled down by the Chairman House Committee on Public Accounts Hon. Bamidele Salam on Friday at the resumed investigative hearing on the alleged mismanagement of the COVID-19 intervention funds by the Ministries Departments and Agencies MDAs of the Federal Government and others who benefited from the funds.
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The Committees decision came following the failure by most of the beneficiaries particularly airline operators and industry stakeholders which includes Aero Contractors, Azman, Newest and representative of the federal ministry of Aviation and Aerospace Development to provide satisfactory explanation on how the intervention funds was spent.
The Committee concluded that all private airlines that received the COVID-19 relief funds designated to support the aviation sector will refund the allocated funds to the federal government treasury, and if they fail to give justifiable evidence of how the money was judiciously spent within a week”
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The committee emphasized that it is determined to ensure accountability and transparency in the utilization of public funds going forward for the benefit of the Nigerian people.