How Jimoh Ibrahim Grounded AirNigeria – Nnorom

The Senate Committee on Aviation and Anti-Corruption was on Monday told how business mogul, Jimoh Ibrahim grounded the popular AirNigeria. Addressing the committee, the former Finance Director of the now collapsed AirNigeria, John Nnorom, said, “Diversion of the fund to other ventures led to the collapse of the airline. “The N34.5 billion drawn from the fund by the airline was diverted to other personal business by the owner of the Airline, Jimoh Ibrahim. “The very moment the N34.5 billion intervention fund was paid into the Airline’s account with United Bank for Africa, UBA, it disappeared into one of the private accounts of the owner without any amount from the fund injected into the airline, paving the way for its eventual collapse.”Â