(August 6, 2016) Stakeholders in the aviation industry have described as long over due, the decision by the Federal Airports Authority of Nigeria (FAAN) to set up an audit team to investigate financial transactions in the accounts and commercial departments of the agency.
This is coming on the heels of the recent discovery of an alleged N70 million fraud by one of its level six account officers currently being investigated by the Economic and Financial Crimes Commission, EFCC.
The alleged N70 million fraud was said to have been detected by the Information and Communications Technology (ICT) department earlier in the year and reported.
The accused, a female level six account officer, was said to have diverted the agency’s funds into different accounts of some staff and others using fictitious names.
According to FAAN, the management set up a committee, which investigated the major suspect who promptly named others involved in the fraud.
The main suspect according to the committee's report confessed that some of the monies were sent to her brother’s accounts.
While the Economic and Financial Crimes Commission, EFCC is currently investigating the matter, chairman, Air Transport Services Senior Staff Association, FAAN branch, Comrade Danjuma Ahmed and his second National president, Mrs Sarah Rimdans said the full weight of the law should be applied on anyone found culpable.
Comrade Abdulrazak Saidu said the development was rather unfortunate and called for the audit of the aviation agencies to unravel similar cases.
An aviation security expert, Retired Group Captain John Ojikutu said the recent fraud was a tip of the ice berg and therefore urged government to critically look at the revenue generation apparatus of the agencies.
The management of FAAN had said the objective of the audit is to block all loopholes in revenue sources and ensure that all the funds generated are captured and accounted for.
As the accused officer is currently on suspension, the management says, It hoped that the EFCC would unravel the details of the fraud, punish those involved and also work with management to forestall a recurrence.