AfnewsAfnewsAfnews
  • Home
  • Latest
  • National News
  • Top Stories
  • Politics
  • State News
  • Entertainment
  • Crime
  • Society New
  • Sports
  • More
    • World News
    • Editorial
    • Business
    • News
    • Opinion
Reading: Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked
Share
Notification Show More
AfnewsAfnews
Search
  • Home
  • Latest
  • National News
  • Top Stories
  • Politics
  • State News
  • Entertainment
  • Crime
  • Society New
  • Sports
  • More
    • World News
    • Editorial
    • Business
    • News
    • Opinion
Follow US
Afnews > Blog > National News > Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked
National News

Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked

Afnews Editor
January 22, 2025
Share
Minister Festus Keyamo | Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked
Minister Festus Keyamo | Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked

Minister of Aviation, Festus Keyamo, has revoked the 2nd Abuja airport runway contract following a shocking N532bn variation request. The project, originally budgeted at N90bn, has now been opened for fresh bidding.

Minister Festus Keyamo | Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked
Minister Festus Keyamo | Fraud Uncovered: Read Why Abuja Airport Second Runway Contract Was Revoked

The Federal Government has taken decisive steps to address alleged financial misconduct in the aviation sector, specifically concerning the construction of the second runway at Nnamdi Azikiwe International Airport. Abuja. This was revealed by the Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, during a budget defense session before the Joint Senate and House of Representatives Committee on Aviation.

 

Keyamo disclosed that the Abuja Airport contract, initially valued at N90 billion, faced a shocking and unsubstantiated variation request of N532 billion from the contractor. The project had already received a payment of N30 billion, alongside a N3.4 billion consultancy fee, yet the contractor abandoned the site, citing the unresolved variation as the reason.

 

“This variation is nothing but fraud,” the minister declared, adding that all efforts to persuade the Abuja Airport contractor to resume work had proven futile. “We had no option but to revoke the contract and initiate a fresh bidding process to ensure accountability and value for money.”

 

The N532 billion demand for second Abuja Airport runway, more than five times the original contract sum, has raised significant concerns about due process and financial discipline in project execution.

 

The contractor reportedly worked with the Federal Capital Territory Administration (FCTA) to compensate settlers displaced by the second runway Abuja Airport project.

 

During the session, committee members queried the absence of N36 billion owed to pensioners of the defunct Nigeria Airways in the ministry’s 2025 budget. Addressing these concerns, Keyamo clarified that the payment responsibility had been shifted to the Ministry of Finance.

 

“The pensioners will soon receive their dues. We had discussions with union leaders last year, and they agreed to the arrangement put in place,” he said, emphasizing the government’s commitment to resolving the issue promptly.

 

In response to suggestions from some lawmakers to discontinue plans for establishing Aerospace Universities across the six geopolitical zones, Keyamo stood firm, highlighting the importance of decentralizing aviation education.

 

“Just as the Nigerian Law School has multiple campuses, aviation training should be accessible across the country. Expanding to other regions will foster inclusivity and capacity building,” he argued.

 

Keyamo presented a budget proposal of N71.13 billion for the Ministry of Aviation and Aerospace Development in 2025, broken down as follows:

 

N69.2 billion allocated for capital projects,

N1.147 billion for personnel costs, and

N745.7 million for overheads.

 

The proposed budget aims to prioritize impactful projects while addressing ongoing challenges in the aviation sector.

 

Senator Abdulfatai Buhari, Chairman of the Joint Committee on Aviation, emphasized the need for transparency and accountability in the ministry’s activities. He directed the minister to provide comprehensive details on the 124 ongoing projects under the ministry.

 

“Historical background and current status of all ongoing projects must be submitted by next week to ensure proper oversight and approval of the proposed budget,” Senator Buhari stated.

 

The cancellation of the controversial contract opens the door for new bidders, with the ministry vowing to ensure transparency in the fresh bidding process. Keyamo reaffirmed his commitment to prioritizing national interest and ensuring that funds are utilized judiciously to complete impactful projects.

Related

Listen to top Radio Stations in Abia State CLICK HERE

Support Afnews Independent Journalism

At Afnews, we are dedicated to providing accurate, insightful, and timely news coverage. Our commitment to journalistic integrity ensures that you receive trustworthy information, unfiltered and unbiased. To maintain our independence and continue delivering quality content, we rely on the support of our readers.

If you value the work we do, please consider making a contribution. Your support enables us to keep bringing you the stories that matter.

Donate today and help us keep independent journalism alive. Thank you for your support!

MAKE A DONATION
International Men’s Day: Chinasa Celebrates Abia Men, Says “Your Leadership Shapes Our Future”
Majority of Nigerians have not felt impact of Buhari’s govt – Osinbajo admits
BREAKING: NCDC confirms 49 new COVID-19 cases | SEE LOCATIONS
FRESH FACTS: How bribe seeking NSCDC officer killed commercial driver in Abia | PHOTOS
BREAKING: Acting MD of NDDC Walks Out On Reps During Investigation
TAGGED:Abuja Airportaerospace developmentaviation sectorcontract variationFestus KeyamoFraudNnamdi Azikiwe International Airportsecond runway
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram

RECENT EDITION

Recent Posts

  • 2027: Gov Fintiri gives reason for defecting to APC
  • Amupitan Appeals To NPC for Support To Rebuild Trust, Ensure Credible 2027 Elections –
  • Hope Uzodimma receives PDP defectors into APC in Imo
  • Fintiri declares self APC leader in Adamawa after defection
  • BREAKING: Protesters Storm U.S. Consulate Entrance in Karachi Over Iran Strikes, Security Forces Fire Tear Gas | WATCH VIDEO 
Popular News

Chelsea provides update on Pedro and Willian contract

chuks oti
chuks oti
June 24, 2020
Alleged N5.2bn Fraud: Why Court Granted Former JAMB Registrar Ojerinde Bail
DISASTER LOOMS: Hon. Lucky Johnson Raises Alarm Over Fallen High Tension Poles in Isuikwuato
Why Kalu’s Law Licence Is Under Fire: NYSC–Law School Overlap Petition Rocks Deputy Speaker | READ DETAILS
10th National Assembly Members To Receive N24bn Allowances | READ DETAILS
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
AfnewsAfnews
© Afnews Media. All Rights Reserved.
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?