The House of Representatives on Tuesday uncovered various infractions in the revenue declared by the Federal Airport Authority of Nigeria (FAAN) worth N63.6 billion under remitted between 2014 and 2019.
Chairman, House Committee on Finance, Hon. Abiodun Faleke raised the alarm during an investigative hearing into the under-remittances by some government agencies, held in Abuja.
According to Hon. Faleke, out of a total sum of N9.48 billion expected revenue from FAAN, the agency remitted N500 million in 2014; remitted N2.15 billion out of N10.89 billion in 2015 and N1.565 billion remitted out of N11.6 billion expected revenue in 2016.
In the same vein, FAAN remitted total sums of N1.511 billion, N1.778 billion and N1.539 billion against N13.19 billion, N14 billion and N15.49 billion expected revenues for 2017, 2018 and 2019 fiscal years respectively.
