Reps uncover N65bn non-remittance in FAAN

The House of Representatives Committee on Finance has uncovered over N65 billion unpaid revenue remittances from Federal Airports Authority of Nigeria (FAAN).

Chairman of the committee, Abiodun Faleke, made this known during an investigative public hearing with the leadership of FAAN led by the Managing Director, Rabiu Yadudu, on Tuesday.

Mr Faleke said the total sum of expected revenue remittance was N74.66 billion from FAAN from 2014 to 2019, but only N9 billion was remitted.

“We have given you information that 2014 we expected N9.48 billion from the actual money collected but you remitted ₦500 million.

“In 2015 we expected N10 .89 billion was expected but you remitted only N2.151 billion. This is according to your records. We are not even dealing with Accountant-General’s…

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