Skip to content
Sunday 27 September 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

House of Reps moves to recover $7 billion from foreign airlines

The FrontierThe FrontierMarch 3, 2026 1462 Minutes read0

•House of Representatives

The House of Representatives has commenced moves to recover over $7 billion allegedly owed to the Federation Account by some foreign airlines operating in the country since 2023.

The Chairman of the House Committee on Finance, Abiodun Faleke, disclosed this today in Abuja at the flag-off of the review of the 2023–2025 revenue monitoring exercise of the Federal Airports Authority of Nigeria, reports The PUNCH.

Faleke, who represents Ikeja Federal Constituency of Lagos State, expressed concern over the scale of indebtedness by both foreign and domestic airlines, following submissions made by FAAN’s Managing Director, Mrs Olubunmi Kuku.

Kuku told the committee that out of N25.86bn owed by airline operators in 2023, the agency recovered N8.08bn, representing 31.25 per cent, leaving an outstanding balance of N17.78bn. She did not provide details of recoveries made in 2025.

Documents submitted to the committee showed that out of an approved revenue target of N292.93bn for the period under review, FAAN generated N191.43bn, representing 65.35 per cent performance and a shortfall of N101.5bn.

The FAAN boss explained that the debts were owed by both foreign and domestic airlines, including moribund carriers. She added that the International Air Transport Association is responsible for remitting certain revenues accruing from foreign airlines, a process she said has contributed to delays in payments.

Lawmakers, however, expressed dissatisfaction with the explanations, especially against the backdrop of Nigeria’s rising public debt and continued foreign borrowing to finance the national budget. They also questioned the accounting framework used by the agency and pointed to inconsistencies in the revenue performance figures presented.

While reacting, Faleke said, “We are aware that when President Bola Tinubu took over, there was over $7bn owed in the international carriers. So, we want a full record of all your debts in 2023, 2024, and 2025. And when the call is made, those who are owing, we want to know them.

“The issue of passenger data is critical. Apart from this, we want to know how many airlines are actually coming to Nigeria. How many flights did you receive in 2023, 2024, and 2025? How many passengers? And I’m sure you have the manifests.”

He subsequently directed the FAAN management team to reappear before the committee with a comprehensive statement of indebtedness from 2023 to 2025, including detailed manifests of foreign and domestic airlines operating within the period under review.

Airlines operating in Nigeria are required to remit various statutory charges to the Federal Government through FAAN and other aviation agencies. These include landing and parking fees, passenger service charges, terminal navigation charges and other regulatory levies.

Over the years, however, concerns have persisted over delayed remittances and accumulation of debts by both local and international carriers.

Some domestic airlines that have ceased operations reportedly left behind significant unpaid obligations, while foreign airlines’ payments are often processed through international clearing systems coordinated by global aviation bodies.

The issue of outstanding payments has gained renewed attention amid intensified revenue oversight by the House Committee on Finance.

The committee has, in recent months, embarked on a broad revenue monitoring exercise targeting government agencies with a view to improving remittances into the Federation Account and reducing reliance on borrowing.

With Nigeria facing fiscal pressures and a widening budget deficit, lawmakers say plugging revenue leakages, including unpaid aviation charges, is critical to strengthening public finances and funding infrastructure development without resorting to excessive debt.

Tags
$7 billionForeign airlinesHouse of Reps
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Two men sentenced to death for killing groom
next post INSIDE AKWA IBOM TODAY: Gov Eno applauds peaceful, successful conduct of A’Ibom APC Congress •PHOTOS
Related posts
  • Related posts
  • More from author
Business & Economy

Air Peace gives reasons for Abuja flight disruptions

September 27, 20260
Business & Economy

Dangote Refinery shows what African govts, investors, financial institutions can do together — Kenya’s President Ruto

September 26, 20260
Business & Economy

Electricity: Distribution Companies collect ₦205 billion revenue as billing gap hits ₦83 billion

September 25, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
Opinion

How many men after 30 years of marriage still love their wives?, By Bunmi Sofola

September 27, 20260
Headlines

REVEALED: How bandits forced me into hiding – Church General Overseer

September 27, 20260
Politics

‘Fake’ Presidential Council: I never betrayed the president’s trust, says Tinubu’s chief of staff Gbajabiamila

September 27, 20260
Politics

Hardship: Apologise to Nigerians, then leave the stage — Former Vice President Atiku tells Tinubu

September 27, 20260
Crime

Fleeing suspect in Police net for allegedly killing varsity graduate

September 27, 20260
Business & Economy

Air Peace gives reasons for Abuja flight disruptions

September 27, 20260
Load more

inside the Hill top newspaper

February 9, 2025

How many men after 30 years of marriage still love their wives?, By Bunmi Sofola

September 27, 2026

REVEALED: How bandits forced me into hiding – Church General Overseer

September 27, 2026

‘Fake’ Presidential Council: I never betrayed the president’s trust, says Tinubu’s chief of staff Gbajabiamila

September 27, 2026

Hardship: Apologise to Nigerians, then leave the stage — Former Vice President Atiku tells Tinubu

September 27, 2026

Fleeing suspect in Police net for allegedly killing varsity graduate

September 27, 2026

inside the Hill top newspaper

0 Comments

How many men after 30 years of marriage still love their wives?, By Bunmi Sofola

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

inside the Hill top newspaper

February 9, 2025
2

Bulk fuel buyers dump middlemen for direct Dangote supply

September 22, 2025
3

Varsity lecturers to FG – Your appeal to suspend strike has come a little too late

October 9, 2025
4

5 Android phones selling below N100,000

May 27, 2025
5

Ground rent: Embassies of Russia, Korea, Ghana, Kenya, 30 others in Abuja risk closure tomorrow •FULL LIST

June 9, 2025
6

Police begin tinted glass permit enforcement

October 3, 2025
Popular
1

inside the Hill top newspaper

February 9, 2025
2

Abia now free from national grid collapse – Governor Otti declares

January 30, 2026
3

NNPP suspends Senator, 3 Reps over alleged anti-party activities

February 24, 2025
4

BREAKING: Former Vice President Atiku excited, welcomes Peter Obi to ADC

December 31, 2025
5

REVEALED: Why Power Minister’s plane crash-landed in Ibadan – Sources

November 5, 2023
6

Me sef wan follow do fasting

March 7, 2026

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

inside the Hill top newspaper

February 9, 2025

FG lists six free CNG vehicle conversion centres in Lagos

September 13, 2024

Tinubu nominates new INEC REC, national commissioner

November 5, 2024

FA Cup final to kick off as usual at 3pm

April 24, 2024

NECO warns schools against proxy enrolment

October 21, 2024
Top posts

Categories

  • News5070
  • Politics4771
  • Crime4554
  • International3158
  • Sports2556
  • Business & Economy2343
  • Headlines2253
  • Education1427
  • Matilda Showbiz1032
  • Health920
  • Entertainment854
  • Africa607
  • Religion493
  • Environment384
  • Special279
  • Info Tech256
  • Arts & Culture240
  • Inside Akwa Ibom Today224
  • Hunger protests in Nigeria224
  • Interview194
  • Opinion157
  • EyeCare with Dr Priscilia Imade135
  • World Cup 202695
  • Advert36
  • Trends24
  • Epistles of Anthony Kila19
  • Local News5
  • The Surge4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact