By Ayodele Oni
To further give room for investigation, the Federal Government has announced the indefinite suspension of the Air Nigeria Airline project.
Minister of Aviation and Aerospace, Festus Keyamo, disclosed this on Monday at the Ministerial briefing to celebrate the first year of the President Bola Tinubu administration.
According to him, the airline was never a Nigerian airline, but instead, an attempt to impersonate a foreign airline operating in Nigeria.
The development had elicited concerns among stakeholders nationwide over the ownership arrangement which gave Ethiopian Airlines a 49 percent equity stake.
The Federal Government had five percent equity, while a consortium of three Nigerian investors had 46 percent.
In 2023, the Ministry of Aviation, under Hadi Sirika, former Minister, unveiled Nigeria Air — three days before the end of former President Muhammadu Buhari’s administration.
Reacting to the deal in June 2023, the House of Representatives asked the Federal Government to suspend the operations of Nigeria Air, describing it as ‘a fraud’.
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