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Demuren: N11.6 billion BASA fund idle at CBN

Sanya Adejokun & Samuel Ogidan, Abuja DIRECTOR—GENRAL of the Nigerian Civil Aviation Authority (NCAA), Dr. Harold Demuren, yesterday disclosed that N11.6 billion ($76.4 million) Bilateral Air Services Agreement (BASA) Fund has continued to lie idle at the Central Bank of Nigeria (CBN). At an interactive session between members of the Senate Committee on Aviation and officials of the Federal Ministry of Aviation and its parastatals, Permanent Secretary of the ministry, Ms. Ann Etta, also lamented ...
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Added February 01, 2011
from Nigerian Compass