IKEJA- Debtors owing the Federal Airports Authority of Nigeria (FAAN) have been given two weeks of grace to pay up or face sanctions.
Their indebtedness is more than N8 billion.
The Managing Director of FAAN, Mr Richard Aisuebeogun told journalists in Lagos that the Authority was under a heavy debt burden owed by airlines, concessionaires and federal government agencies.
He said international and local airlines owed N5 billion while N3.8 billion was owed by concessionaires, government agencies, oil companies and handling companies.
“The rebuff and neglect of entreaties previously made to debtors of FAAN can no longer be tolerated,” he warned.
He said that the state of infrastructure and facilities at the nation’s airports would continue to slip further into decay if the debt profile was left to continue piling up.
Aisuebeogun stated that the debts had accrued over a 10-year period while letters of demand would be issued to all affected debtors within the next 48 hours.
He noted that some airlines were frustrating the bid to improve revenue generation through the Maervis project being used to collect revenue electronically.
He said that in order to give all debtors a chance, a 24-hour
reconciliation centre had been established at Murtala Muhammed International Airport (MMIA) and its commercial department.
Aisuebeogun said that apart from the huge debt, some airlines had refused to remit Passenger Service Charge (PSC) which they collected on its behalf.
He said the organisation’s bid to hit its N25 billion revenue target for this year was in jeopardy due to the action of the debtors.
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