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Billions at Stake: Keyamo Takes on Illicit Practices to Revamp Airport Revenue

March 14, 2025
in Aviation, News
Billions at Stake: Keyamo Takes on Illicit Practices to Revamp Airport Revenue
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By Emameh Gabriel

Private jets, those gleaming symbols of wealth and exclusivity, have become the Trojan horses of Nigeria’s economic and security woes. Last week, a task force appointed by the Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), submitted a report that reads like a thriller, a tale of illicit deals, smuggled contraband, and billions of naira vanishing into thin air. The findings are as staggering as they are damning: Nigeria has lost a staggering N120 billion to illegal private jet operators over the past decade.

The report, submitted by the committee chaired by Sanusi Ado, paints a picture of an industry riddled with loopholes, where private jet owners, licensed only for private use, have turned their aircraft into cash cows for illegal commercial activities. These operators, flying under the radar of proper regulation and oversight, have not only shortchanged the government but have also turned Abuja into a hub for criminal enterprises. From drug trafficking to money laundering, the skies above Nigeria have been turned a strange hub.

Private jets, once the preserve of the elite, have been hijacked by those who see them as tools for evading the law. The committee’s findings reveal a chilling reality: these aircraft are not just ferrying the wealthy from one meeting to another; they are transporting illicit drugs, laundered money, and, perhaps, even the nation’s dignity. Sanusi Ado’s words during the presentation of the report were as sharp as a pilot’s landing gear: “We estimate the revenue loss over a period of 10 years to be over N120 billion.” This figure, colossal as it is, only scratches the surface. The true cost of these illegal activities extends beyond financial losses. It undermines national security, tarnishes Nigeria’s reputation, and erodes public trust in the institutions meant to safeguard the nation.

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Billions at Stake: Keyamo Takes on Illicit Practices to Revamp Airport Revenue

The report identifies two key culprits in this saga: lack of regulation and inadequate oversight. These twin failures have created a breeding ground for illegal charters, where private jet operators flout the rules with impunity. The absence of stringent checks and balances has allowed these operators to operate in the shadows, evading taxes and engaging in activities that would make even the most seasoned crime novelist blush.

Festus Keyamo, in his response to the report, did not mince words. He described the situation as a “national security problem,” one that begins with illegal charters and spirals into money laundering, drug trafficking, and illegal entry and exit from the country. His tone was one of resolve, a refreshing departure from the usual political platitudes.

“If it means going to tell Mr. President that we want to touch some untouchables, we will do so,” he declared. This statement, laden with both promise and peril, suggests that the government is ready to take on the powerful figures who have long operated above the law.

Keyamo’s commitment to implementing the committee’s recommendations is a glimmer of hope in an otherwise murky landscape. He has promised to consult with stakeholders and take “very practical steps” to address the issue. This is no small task. The private jet industry is a world of high stakes and even higher egos, where the wealthy and well-connected often wield influence that transcends national borders. Tackling this issue will require not just regulatory reforms but also a willingness to confront entrenched interests.

The minister’s assurance that President Bola Ahmed Tinubu will support these efforts is significant. In a country where political will often falters in the face of powerful lobbies, Tinubu’s purported hands-off approach to ministerial decisions is a rare and encouraging sign. Keyamo’s confidence in the president’s backing suggests that this administration is serious about cleaning up the aviation sector, even if it means ruffling a few feathers, or clipping a few wings.

Beyond the numbers and the politics lies the human cost of this scandal. Every naira lost to illegal jet operators is a naira that could have been invested in education, healthcare, or infrastructure. Every drug smuggled through these private jets is a blow to the fight against substance abuse. Every dollar laundered through these channels is a theft from the Nigerian people. The committee’s report is a wake-up call, not just for the government but for all Nigerians. It is a reminder that corruption is not a victimless crime. It is a parasite that feeds on the nation’s resources, leaving behind a trail of broken dreams and unfulfilled potential. The private jet scandal is a microcosm of a larger problem, a system that allows the privileged few to exploit the many.

As Keyamo and his team prepare to implement the committee’s recommendations, it is expected that Nigerians join hands to help him salvage the sector. His bold reforms in the last 18 months are already yielding positive fruits, even as he continues to execute initiatives and transforming the nation’s aviation ecosystem. What is needed is a comprehensive overhaul of the regulatory framework, coupled with a commitment to transparency and accountability, as the Minister has suggested.

The task ahead is daunting, but not insurmountable. With the right policies and the political will to enforce them, Nigeria’s aviation sector can be transformed into a model of efficiency.

In the words of the minister, We will not come and then drop the ball. For the sake of Nigeria’s future, let us hope that this ball is carried across the finish line. The stakes are too high, and the cost of failure too great, for anything less than a full-throttle effort. The skies are watching, and so are we.

Emameh Gabriel is a media aide to the Honourable Minister of Aviation and Aerospace Development.
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