The Nigerian Senate has confirmed that the N300 billion aviation/power intervention funds were transferred to private accounts and diverted to purchase properties in Ghana. The Aviation Ministry stated that it is not aware of the disbursement of the funds. The revelation came to light yesterday at an investigative hearing on the disbursement and utilisation of N300billion power and aviation intervention fund released by the Nigerian Federal Government in 2011. The 10 airlines that benefited from the funds include: Arik Airlines, Dana Airlines, Aero Helicopters, Kabo Air, Caverton Helicopter, Overland Airways, First Nation Airways, Chanchangi Airlines, Odenegene Air and Air Nigeria.

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