House of Representatives Launches Probe into NCAT’s Sale of 2 Helicopters at 80% Discount

The House of Representatives has initiated a probe into the sale of two helicopters by the Nigerian College of Aviation Technology (NCAT) at an alleged 80% discount. The investigation aims to scrutinize the circumstances surrounding the sale and ascertain whether due process was followed in the transaction.

The decision to investigate the helicopter sale reflects the legislative body’s commitment to oversight functions and ensuring transparency in government transactions. The alleged 80% discount raises questions about the valuation process, approval procedures, and adherence to established guidelines for asset disposal by public institutions.

The probe may involve summoning relevant officials, scrutinizing documentation, and gathering testimonies to determine the facts surrounding the sale of the helicopters. The House of Representatives will likely seek to ensure accountability, adherence to regulatory frameworks, and the protection of public assets in the course of its investigation.

As Infostride News stays dedicated to providing comprehensive coverage of governmental activities and investigations, we will closely monitor the developments in the House of Representatives’ probe into the sale of helicopters by NCAT. Stay tuned for updates, in-depth analyses, and insights into the outcomes of the investigation and its implications for public asset management in Nigeria.