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    MarketForces Africa » MarketForces News » Reps Vow to Recover 2 Govt. Helicopters Sold to Private Individuals

    Reps Vow to Recover 2 Govt. Helicopters Sold to Private Individuals

    Julius AlagbeBy Julius AlagbeMarch 28, 2024 News No Comments3 Mins Read
    The House of Representatives has vowed that it will recover two Bell Helicopters, Bell 206L4 BZB and Bell M2061- L4, belonging to the Nigerian College of
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    Reps Vow to Recover 2 Govt. Helicopters Sold to Private Individuals

    The House of Representatives has vowed that it will recover two Bell Helicopters, Bell 206L4 BZB and Bell M2061- L4, belonging to the Nigerian College of Aviation Technology (NCAT), Zaria, sold to private individuals.

    Rep. Ademorin Kuye, the Chairman, House of Reps Committee on Public Assets, said this at the investigative hearing on the sale of the two helicopters in Abuja on Thursday.

    Kuye expressed concern over the sale of the two helicopters to private individuals, when the college was left with no helicopter for training.

    The committee also questioned the process leading to the sale of the helicopters as security agencies, including Nigerian Air Force, Navy and the Police, indicated interest to purchase them.

    The security agencies were, however, denied by the management of the NCAT.

    The three security agencies, according to various submissions, did not only indicate interest to purchase the helicopters by writing but also visited the college but were denied the opportunity to purchase them.

    Mr Shaka Imalighwe, Acting Rector, NCAT, said though he was the Deputy Rector of the college at the time the helicopters were sold, he was not part of the team/committee that facilitated the sales.

    Imalighwe said that he took over the management of the college in an acting capacity in January 2024.

    The Committee said in spite of initial appeals to NCAT to provide certain documents regarding the process that led to the sale of the helicopters in May 2023, they had not been able to provide it.

    This, according to him, was in respect of approval of Federal Executive Council (FEC) and the Ministry of Aviation as well as newspaper publication advertising the intention to sell the helicopters.

    Imalighwe told the committee that the helicopters were in service and being maintained by relevant aviation bodies when they were sold.

    The acting Rector of the college also confirmed to the lawmakers that at the moment, there was no single helicopter in the institution for training.

    The lawmakers argued that it was wrong for NCAT to have used an unlicensed auctioneer to sell the helicopters.

    The committee directed the immediate past and current Minister of Aviation to appear before it in the next investigative hearing.

    Also summoned was the Ministry of Works, Ministry of Finance Incorporated, MOFI, both immediate past and present Rectors of the College, among others. #Reps Vow to Recover 2 Govt. Helicopters Sold to Private Individuals

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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