Wednesday, August 20, 2025
  • Who’sWho Africa AWARDS
  • About Time Africa Magazine
  • Contact Us
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
No Result
View All Result
  • Home
  • WHO’SWHO AWARDS
  • News
  • Magazine
  • World News

Home » News » Buhari’s Nigeria Air Project A Fraud – Keyamo

Buhari’s Nigeria Air Project A Fraud – Keyamo

May 27, 2024
in News
0
541
SHARES
4.5k
VIEWS
Share on FacebookShare on Twitter

Minister of Aviation and Aerospace Development, Festus Keyamo, has described the Nigeria Air project of the administration of former President Muhammadu Buhari as a fraud.

Keyamo said this during the Ministerial Sectorial update which held in Abuja, on Monday.

The immediate past Minister of Aviation, Hadi Sirika, is being probed by the Economic and Financial Crimes Commission (EFCC) for alleged money laundering in connection with the botched Nigeria Air project.

Keyamo, who was the Minister of State for Labour and Employment during the administration of Buhari, emphasised that the Nigeria Air project remained suspended.

He said: “It was never Air Nigeria, it was Ethiopia trying to flag our flag. It was not Air Nigeria. That is the truth. It was not Nigeria. It only printed Air Nigeria.

ReadAlso

Ibom Air: NBA Announces Free Legal Support for Comfort Emmanson, Asks Ibom Air to Apologise

Nigeria’s Aviation Minister vows to take action against release of indecent footage of passenger

“It was an Ethiopian airline trying to fly our flag. If it is so, why not allow our local people to fly our flag. Why bring a foreigner to fly our flag? So, nobody should deceive you that it was Air Nigeria.

“Air Nigeria must be indigenous, must be wholly Nigeria or must be for the full benefit of Nigerians, not that 60 per cent of the profit is given to another country. How does that benefit us? It remains suspended. It remains so.”

ADVERTISEMENT

He disclosed that it had been agreed that cargo flights between Nigeria and Saudi Arabia, which had been suspended for a long time, would be resumed.

He stated, “Guess what? Air cargo trade accounts for 35 per cent of the world trade deficit and air cargo trade according to the International Air Transport Association, IATA attracts about $6 trillion annually and we’re missing you know, within that sector we were missing in many routes around the world and we have achieved that.”

The minister also disclosed that all trapped funds of foreign airlines had been cleared.

“We all know this issue was the issue of trapped funds of the international airlines. Their funds were trapped here because of lack of liquidity on the part of Nigeria because of so many subsidies we pay with our foreign earnings.

“Also, foreign airlines were threatening to stop operating in Nigeria. Now, I must give credit to all those in the financial sector for this. We had to work closely with the CBN, with the Minister of Finance, with all of the ministers in the financial sector and by our persistence, we’re happy to announce that we’ve cleared all the trapped funds,” he said.

Tags: AviationBuhariFestus KeyamoNigeria Air
ADVERTISEMENT
Previous Post

Rishi Sunak To Revive Compulsory National Service in UK

Next Post

Nigerian professor becomes President of Association for the Promotion of African Studies

You MayAlso Like

News

Africa loses over $580 billion annually to corruption — AfDB President

August 19, 2025
News

Delta Governor Approves N10bn to Settle Pension Backlogs, Earns Praise from TUC Leadership

August 19, 2025
News

Bureau for State Pensions Boss, hails Gov Oborevwori’s approval of N10bn for pension backlogs

August 19, 2025
Carol Flore-Smereczniak, who hails from Mauritius, has worked for more than two decades in areas experiencing or recovering from conflict
News

Burkina Faso leader kicks out U.N. coordinator over ‘false’ report

August 19, 2025
News

The Pro-Chancellor’s Shadow: Behind the Power Struggle Tearing FUOYE Apart

August 19, 2025
An anti-Female Genital Mutilation (FGM) run in Kilgoris, Kenya, in 2007 (AP)
News

Three women charged over newborn’s death in female genital mutilation case

August 19, 2025
Next Post

Nigerian professor becomes President of Association for the Promotion of African Studies

12 Injured, 8 Hospitalized As Qatar Flight Hits Severe Turbulence

Discussion about this post

The Unexplained Professorship of Stella Ngozi Lemchi, Vice-Chancellor of Alvan Ikoku Federal University

Ibom Air: My side of the story, by Comfort Emmanson

PUBLIC ANNOUNCEMENT: The Resumed Impunity Of Violent And Unlawful Dispossession of Agidiasie People’s Ancestral Land Inheritance and Farmlands Under the Custodian of the Iyase Of Ogwashi-uku Kingdom By “HRH” Ifechkwude Okonjo

Degrees of Deceit? ASUU Confronts the Return of Alvan Ikoku Federal University Controversial Vice-Chancellor

Concerns, Criticisms Cast Shadow on Reinstatement of Professor Stella Ngozi Lemchi as Vice-Chancellor of Alvan Ikoku University

Adaora Umeoji Means Business

  • British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

    1240 shares
    Share 496 Tweet 310
  • Maids trafficked and sold to wealthy Saudis on black market

    1066 shares
    Share 426 Tweet 267
  • Flight Attendant Sees Late Husband On Plane

    970 shares
    Share 388 Tweet 243
  • ‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

    903 shares
    Share 361 Tweet 226
  • Crisis echoes, fears grow in Amechi Awkunanaw in Enugu State

    735 shares
    Share 294 Tweet 184
  • Trending
  • Comments
  • Latest

British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

April 13, 2023

Maids trafficked and sold to wealthy Saudis on black market

December 27, 2022
Flight Attendant Sees Late Husband On Plane

Flight Attendant Sees Late Husband On Plane

September 22, 2023
‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

March 21, 2023
Chief Mrs Ebelechukwu, wife of Willie Obiano, former governor of Anambra state

NIGERIA: No, wife of Biafran warlord, Bianca Ojukwu lied – Ebele Obiano:

0

SOUTH AFRICA: TO LEAVE OR NOT TO LEAVE?

0
kelechi iheanacho

TOP SCORER: IHEANACHA

0
Goodluck Ebele Jonathan

WHAT CAN’TBE TAKEN AWAY FROM JONATHAN

0

Africa loses over $580 billion annually to corruption — AfDB President

August 19, 2025

Russia pounds Ukraine with largest aerial bombardment in a month hours after Trump-Zelensky meeting

August 19, 2025

Delta Governor Approves N10bn to Settle Pension Backlogs, Earns Praise from TUC Leadership

August 19, 2025

Bureau for State Pensions Boss, hails Gov Oborevwori’s approval of N10bn for pension backlogs

August 19, 2025

ABOUT US

Time Africa Magazine

TIME AFRICA MAGAZINE is an African Magazine with a culture of excellence; a magazine without peer. Nearly a third of its readers hold advanced degrees and include novelists, … READ MORE >>

SECTIONS

  • Aviation
  • Column
  • Crime
  • Europe
  • Featured
  • Gallery
  • Health
  • Interviews
  • Israel-Hamas
  • Lifestyle
  • Magazine
  • Middle-East
  • News
  • Politics
  • Press Release
  • Russia-Ukraine
  • Science
  • Special Report
  • Sports
  • TV/Radio
  • UAE
  • UK
  • US
  • World News

Useful Links

  • AllAfrica
  • Channel Africa
  • El Khabar
  • The Guardian
  • Cairo Live
  • Le Republicain
  • Magazine: 9771144975608
  • Subscribe to TIME AFRICA biweekly news magazine

    Enjoy handpicked stories from around African continent,
    delivered anywhere in the world

    Subscribe

    • About Time Africa Magazine
    • Privacy Policy
    • Contact Us
    • WHO’SWHO AWARDS

    © 2025 Time Africa Magazine - All Right Reserved. Time Africa is a trademark of Times Associates, registered in the U.S, & Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    No Result
    View All Result
    • WHO’SWHO AWARDS
    • Politics
    • Column
    • Interviews
    • Gallery
    • Lifestyle
    • Special Report
    • Sports
    • TV/Radio
    • Aviation
    • Health
    • Science
    • World News

    © 2025 Time Africa Magazine - All Right Reserved. Time Africa is a trademark of Times Associates, registered in the U.S, & Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.