Aviation
SAHCOL’s Acquisition To Cost N10.4 bn
Pan Express Services, preferred bidder for the Sky Power Aviation Handling Company Limited (SAHCOL) has begun to shop for N10.4 billion to buy into the ground handling firm.
According to the Executive Director of Pan Express, Steve Mahonwu, the company had reached an agreement with its bankers that had agreed to form a consortium that would pay for the purchase.
He expressed appreciation to the Bureau for Public Enterprise for approving the company as the preferred bidder for SAHCOL maintaining that, “we are quite abreast of the total amount we are to pay which amounts to N10.4 billion, we wish to assure the public that we have made concerted arrangement with our bankers that have agreed to form a consortium of banks to pay this monetary obligation on our behalf”.
“We are not unaware of the present economic quagmire in the administration and management of banks in Nigeria but this is a straight forward and viable business desired by all banks and we have been assured by our bankers that they will rally round us to pay this money, without prejudice to the present economic problems being experienced by various banks,” he added.
On personnel, Mahonwu said Pan Express has qualified aviation technocrats, who would use their expertise to ensure that SAHCOL operates optimally.
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Aviation Professionals Want Agencies Boards’ Inauguration
As a measure to curb corruption and restore accountability, the Association of Nigeria Aviation Professionals (ANAP), has called on the Minister of Aviation and Aerospace Development, Festus Keyamo, to push for the urgent formation and inauguration of governing boards for all other aviation agencies.
ANAP’s Secretary General, AbdulRasaq Saidu, made this call at the weekend when interacting with aviation correspondents, in reaction to recent inauguration of Board of the Federal Airports Authority of Nigeria (FAAN).
Keyamo had recently inaugurated the FAAN board, more than six months after its members were appointed by President Bola Tinubu, where Dr. Umar Ganduje was named Board Chairman, with FAAN’s Managing Director, Olubunmi Kuku, as the Vice Chairman.
Other board members include representatives from the Ministries of Justice, Defence, Tourism, and Aviation, as well as professionals from the Nigerian College of Aviation Technology, and FAAN’s legal department.
The ANAP scribe there urged the aviation Minister not to stop at FAAN but to ensure that all aviation parastatals are given functional boards to restore order and credibility to the sector.
He, however, commended Keyamo for recently inaugurating the board of the Federal Airports Authority of Nigeria but stressed that more needed to be done.
Saidu also warned that the continued delay in constituting boards for other aviation agencies creates room for unchecked abuses, including illegal contracts, fraudulent employment practices, and mismanagement.
“The absence of governing boards violates the enabling Acts that established these agencies. Only properly constituted boards can enforce discipline, ensure due process in decision-making, and provide oversight to prevent corruption”, Saidu said.
He emphasised that the aviation unions, including ANAP, have consistently raised concerns about poor governance and lack of transparency within the aviation system.
He called on President Bola Tinubu to act swiftly by appointing board members for all relevant agencies, in the interest of fairness and aviation safety.
Saidu also tackled the former Minister of Aviation, Senator Hadi Sirika, for failing to inaugurate any boards during his eight-year tenure, despite appointments being made by former President Muhammadu Buhari.
“ANAP raised the alarm several times under Sirika’s leadership, but nothing changed. That lapse has continued under the current administration, and it must be addressed now”, Saidu stated.
By: Corlins Walter
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