Business
FAAN Concessions Rents Collection
The Federal Airprots Authority of Nigeria (FAAN) may have concessioned the collection of its rent to Meavis Nigeria Limited.
The Tide gathered that areas concessioned by FAAN include electricity and service recovery charge.
The Managing Director of Meavis Nigeria, Mr Tunde Fagbemi explained that the Management of FAAN opted for the concession on account of lapses noticed in the handling of the charges.
Prior to the new arrangement, FAAN was directly responsible for the collectionof the rent and electricity charges from organisations that operate within the airports.
Sources hinted that the new arrangement with the concessionaire may not go down well with staff who claimed that Meavis had defaulted in the agreement it had with the authority.
The firm it would be recalled entered an agreement with FAAN last two years and was saddled with the responsibility of collecting landing and parking charges for the authority.
The firm was accused sometime for not remitting funds it collected on behalf of the authority as at when due.
The development sources disclose we caused the authority not to be able to pay workers salaries and other welfare packages to workers.
The current agreement, it was gathered, includes collection of rent, electricity both at the international and domestic wings of the airport and the conteroversial General Aviation Terminal (GAT) which was recently taken over by BI-country before the protest and resistance from workers across the nation.
Management source who does not want his name mentioned, said FAAN took the decision to boost its revenue collection amid concerns over leakage.
Prior to the agreement FAAn collects N5 million annually as rent from the Bureau De Change while it collects about N1 million as electricity charges.
Meanwhile efforts to locate the General Manager Public Affairs FAAN, Mr Akin Olakunle for comments were unsuccessful as he refused to pick his several calls.
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content

Business
Industry Leaders Defend Local Content, … Rally Behind NCDMB

Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP

-
Business1 day ago
Industry Leaders Defend Local Content, … Rally Behind NCDMB
-
Politics1 day ago
Nasarawa Speaker Advocates Conducive Executive/Legislature Relations
-
Niger Delta1 day ago
Delta Leverages On Extensive River Networks To Drive Blue Economy
-
News1 day ago
FG Renames University of Maiduguri After Buhari …As Tinubu Pours Encomiums On Late President
-
News1 day ago
PCRC Dismisses Claims Of Police Strike As Fake, Mischievous
-
News1 day ago
Rivers PDP Debunks Sale Of LGA Election Forms
-
Niger Delta1 day ago
Bishop Mocks Fake Prophecy Seekers … As Priests Relive Challenges At Ordination Ceremony
-
Rivers1 day ago
Macobarb CEO Cries Out, Says No Indigenous Contractor Can Win Case Against NLNG Or Oil Majors in Nigerian Courts …As Justice Nwogu Throws Out Macobarb’s N5.74bn Claim