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    MarketForces Africa » MarketForces News » Reps Demand NCAT Director, Auctioneer’s Arrest Over 2 Choppers Sale
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    Reps Demand NCAT Director, Auctioneer’s Arrest Over 2 Choppers Sale

    Olu AnisereBy Olu AnisereJune 26, 2024No Comments2 Mins Read
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    Reps Demand NCAT Director, Auctioneer’s Arrest Over 2 Choppers Sale
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    Reps Demand NCAT Director, Auctioneer’s Arrest Over 2 Choppers Sale

    The House of Representatives has demanded the arrest of an alleged unlicensed auctioneer and Director, Quality Control, Nigeria College of Aviation Technology (NCAT), Zaria, for providing false information on oath.

    The alleged false information was in respect of the sale of two helicopters for $1.2 million.

    The lawmakers want the duo to be arrested by the police in the National Assembly.

    Rep. Ademola Kuye, Chairman, Committee on Public Assets, said this was part of the resolutions of the committee after interacting with the management of NCAT and other relevant bodies in Abuja on Tuesday.

    He called on the Inspector-General of Police, Mr Kayode Egbetokun, to take over the investigation into the alleged illegal sale of the two choppers by NCAT.

    In December 2023, the House commenced an investigation into the state of public assets in the country.

    He said the committee’s mandate was to recover assets and moribund public assets within and outside Nigeria.

    This, he said, said the aircraft was sold without the approval of the Federal Executive Council.

    Kuye expressed worry that the two choppers bought at $2.4 billion were sold at $1.2 billion without following due process.

    “We requested documents of any kind of joint venture; there has been no response to that, whether you have one or not.

    “We requested a list of assets, including a comprehensive description and specification of all your listed assets, rented apartments, including acquisition dates and methods, and the current status and conditions of such assets.

    “We cannot specifically say that you have satisfied all of these requests. Though you tried to answer some of them, your responses are not adequate,” he said.

    The lawmakers also queried the use of an unlicensed auctioneer who failed to provide the needed response to inquiries.

    Mr Musa Alkali, Coordinator of Nigerian Army Aviation, said urged the recovery of the two helicopters. #Reps Demand NCAT Director, Auctioneer’s Arrest Over 2 Choppers Sale

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    House of Reps NCAT
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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