• Latest
  • Trending
  • All
Airlines are owing Nigerian government agencies billions

Wow! You wouldn’t Believe How Many Billions Airlines Are Owing

November 4, 2020
Wema Bank Boosts Tech Innovation with Hackaholics 6.0

Wema Bank Boosts Tech Innovation with Hackaholics 6.0

November 7, 2025
Senate Probes Ponzi Schemes In Nigeria, Loss Of N1.3trn To CBEX Crash

Senate Orders NAFDAC To Enforce Sachet Alcohol Ban

November 6, 2025
Mob kills chief Imam In Kwara

Mob kills chief Imam In Kwara

November 6, 2025
Emirates Soars with $3.3bn Profit, Sustains Global Airline Leadership

Emirates Soars with $3.3bn Profit, Sustains Global Airline Leadership

November 6, 2025
Senate Approves NCC Board, Olorunnimbe as Chairman

Senate Approves NCC Board, Olorunnimbe as Chairman

November 6, 2025
Popular Singer Slams Govt For Ignoring Nigerians Suffering

Popular Singer Slams Govt For Ignoring Nigerians Suffering

November 6, 2025
Agege LG chairman Resigns, Obasa’s Son To Finally Take Over

Agege LG chairman Resigns, Obasa’s Son To Finally Take Over

November 6, 2025
Rear Admiral Suleiman Ibrahim Assumes Leadership At Central Naval Command, Pledges to Deepen Maritime Security Efforts

Rear Admiral Suleiman Ibrahim Assumes Leadership At Central Naval Command, Pledges to Deepen Maritime Security Efforts

November 5, 2025
Runway Meets Enterprise: GTCO Fashion Weekend Returns With Global Designers, Bold Nigerian Creativity

Runway Meets Enterprise: GTCO Fashion Weekend Returns With Global Designers, Bold Nigerian Creativity

November 5, 2025
Embassy Debunks Claim of 1.5m Nigerians In Need Of Passports 

Immigration To Introduce Emergency Passport For Nigerians Abroad

November 5, 2025
CRC Credit Bureau Names Jelilat Kareem First Executive Director

CRC Credit Bureau Names Jelilat Kareem First Executive Director

November 5, 2025
3 Arrested For Raping Daughter, Minors In Osun

Amotekun Arrests 45-Year-Old Spy Linked To Ondo Kidnap Syndicate

November 5, 2025
United Nations Conference on Trade and Development’s (UNCTAD) flagship initiative, eTrade for Women

Whip Music Joins United Nation’s eTrade for Women Initiative

November 5, 2025
FirstHoldCo Sustains Growth With 17% Rise in Gross Earnings, Hits N2.6 Trillion Milestone

FirstHoldCo Sustains Growth With 17% Rise in Gross Earnings, Hits N2.6 Trillion Milestone

November 5, 2025
Sowore slams Tinubu’s Electoral Reforms, Urges Nigerians To Take Action Before Next Elections

Alleged Defamation: Sowore Escapes Arrest Warrant Over Absence In Court

November 5, 2025
UK Jails Nigerian Post Graduate Student For Rape

UK Jails Nigerian Post Graduate Student For Rape

November 4, 2025
Friday, November 7, 2025
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home Business

Wow! You wouldn’t Believe How Many Billions Airlines Are Owing

by TheConscience NG
November 4, 2020
in Business, Featured
0
Airlines are owing Nigerian government agencies billions
Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share

 

Wow! You wouldn’t Believe How Many Billions Airlines Are Owing

Airlines are owing Nigerian government agencies billions
Minister of Aviation, Hadi Sirika made a startling revelation on the humongous debts Nigerian airlines owe various aviation agencies.

Sirika who made the disclosure in Abuja on Monday at the ongoing stakeholders and general public hearing on the repeal and enactment of civil aviation bills of all the aviation agencies put the staggering debts of airlines at $6, 993, 284 million and N19, 365, 374,336 billion as non remittance of Ticket Sales Charge (TSC) and (CSC) collected on behalf of the Nigeria Civil Aviation Authority (NCAA )

READ MORE:  Tijjani Borodo Advocates Competence, Youths Engagements at Book launch

This came amid call by counsel to AON, Chinasa Unaegbulam of Stream Sower & Kohn Chinasa Unaegbunam appealed to the Senate charged the Senate to repeal Clause 23 of the Civil Aviation Act asking for the reduction of the 5% TSC/CSC.

According to her, she said operators needed a lifeline and also asked that the governing board of the Nigerian Civil Aviation Authority (NCAA) must also consist a member of the AON stating that this would give the airlines a voice.

Read More: Alleged N3.1bn fraud: Ex-gov, commissioner on Trial

The Minister, who initiated a point of order, said that the monies being owed were not charges as erroneously stated by the learned lady but a charge collected on the NCAA’s behalf by the airlines to be remitted which was not done.

READ MORE:  Oyo Monarch, 14 Others Remanded over Alleged Land Grabbing

Read More: Babatunde Fowler: EFCC Explains Ex-FIRS Boss’ Arrest over Fraud

According to him, the AON currently owes US$6, 993, 284 million and N19, 365, 374,336 billion on the 5% currently shared by the regulator, the Nigeria Airspace Management Agency ( NAMA), Nigeria Meteorological Agency ( NIMET), Nigeria College of Aviation Technology ( NCAT) and the Accident zain estivation Bureau ( AIB).

Nigeria: Unremitted Ticket, Cargo Charges Over N10 Billion – NCAA

READ MORE:  Economists slam FG as debt servicing nears N10.43tn

Currently, there is a plan to change the dynamics of the sharing formula but as it stands the NCAA gets 56%, NAMA 22%, NiMET 9%, NCAT-7% and AIB 6%

Airlines are owing Nigerian government agencies billions

Group Captain John Ojikutu who also spoke accused the airlines of humongous debts stating that they are also part of the problem.

He also queried the sharing formulae of the 5% TSC/CSC asking for a review.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Airlines debt profile
ShareTweet
Previous Post

Alleged N3.1bn fraud: Ex-gov, commissioner on Trial

Next Post

How Popular Prophet Prophesied Trump’s Loss to Joe Biden (VIDEO)

TheConscience NG

TheConscience NG

Related Posts

Wema Bank Boosts Tech Innovation with Hackaholics 6.0
Business

Wema Bank Boosts Tech Innovation with Hackaholics 6.0

by TheConscience NG
November 7, 2025
Emirates Soars with $3.3bn Profit, Sustains Global Airline Leadership
Business

Emirates Soars with $3.3bn Profit, Sustains Global Airline Leadership

by TheConscience NG
November 6, 2025
CRC Credit Bureau Names Jelilat Kareem First Executive Director
Business

CRC Credit Bureau Names Jelilat Kareem First Executive Director

by TheConscience NG
November 5, 2025
FirstHoldCo Sustains Growth With 17% Rise in Gross Earnings, Hits N2.6 Trillion Milestone
Business

FirstHoldCo Sustains Growth With 17% Rise in Gross Earnings, Hits N2.6 Trillion Milestone

by TheConscience NG
November 5, 2025
CBN
Business

Report Urges CBN To Introduce N10k, N20k Notes

by Reporter theconscienceng
October 30, 2025
Fidelity Bank Resumes International Transactions on Naira Debit Cards
Business

Fidelity Bank Applauds Air Peace on Maiden Heathrow Flight

by TheConscience NG
October 29, 2025
Next Post
Donald Trump reelection clash with Joe Biden

How Popular Prophet Prophesied Trump’s Loss to Joe Biden (VIDEO)

No Result
View All Result

Recent Posts

  • Wema Bank Boosts Tech Innovation with Hackaholics 6.0
  • Senate Orders NAFDAC To Enforce Sachet Alcohol Ban
  • Mob kills chief Imam In Kwara
  • Emirates Soars with $3.3bn Profit, Sustains Global Airline Leadership
  • Senate Approves NCC Board, Olorunnimbe as Chairman

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d