Jimoh Ibrahim, UBA disagree over N120bn aviation fund

There was a mild drama at the investigative public hearing on the alleged mismanagement of N120bn Aviation Intervention Fund, organised by the Senate Committee on Aviation on Wednesday when the former Chairman of the defunct Air Nigeria, Mr. Jimoh Ibrahim, denied collecting N35.5bn from the Bank of Industry.

But members of the committee and other stakeholders watched with dismay as the Group General Counsel of the United Bank for Africa, Mr . Samuel Adikamkwu corroborated the position of a former Executive Director of Finance of Air Nigeria,  Mr. John Nnorom, and  insisted that Ibrahim actually applied and obtained the loan through the UBA.
Ibrahim’ s former employee,  Nnorom, had told the committee that he did due diligence on the loan and secured necessary documentation while in the employment of Air Nigeria before he decided to be servicing the loan with N228m monthly for nine months before the airline collapsed.http://www.punchng.com/n120bn-aviation-intervention-fund-jimoh-ibrahim-uba-disagree-senate-panel/