The House of Representatives Committee on Public Assets has announced its plan to examine the alleged transaction involving the sale of two training helicopters by the Nigeria College of Aviation Technology, Zaria.
In a press release by the Chairman, Hon. Ademorin Kuye, on Monday, the Committee revealed that it became aware of the matter through media reports on Sunday, July 30, 2023. The reports suggested that 2 Bell 206L-3 helicopters, acquired as public assets for pilot training by the Nigeria College of Aviation Technology, Zaria, were allegedly sold for N1.2 billion under the pretext of being underutilized.
According to Kuye, this sale of helicopters represents a worrying trend of asset stripping across various sectors of the economy by all MDAs towards the end of the previous administration. Despite the Nigerian Navy’s offer to acquire the helicopters to address security challenges like oil pipeline vandalization and crude oil theft, they were allegedly sold off. The Committee also believes the Nigerian Police could have utilized these assets to combat banditry and insurgency.
The speed and timing of the sales and concessions of public assets during the last administration raise suspicions, especially regarding the approval process. The Committee emphasized the new regime’s need for transparency and involvement in completing the sale process to avoid any hidden agendas.
Consequently, the House Committee on Public Assets will thoroughly investigate to ensure that due process is followed and that the nation’s interests are safeguarded in this transaction.