Political office holders in the country, especially governors and
ministers have embraced a new way of flying in state-of-the-art private jets to
destinations within the country and overseas without necessarily owning them,
findings have shown.
The new private jet ownership model called time-share lease, which is
fast gaining ground among the political elites, has seen over 30 private jets
in the country, carrying mostly ministers, governors and some top government
and private sector shots.
Investigations revealed that some European companies and a few Nigerian
private jet firms were behind the time-share private jet lease business model.
It was learnt they introduced the model to the country to enable
them make money from the political class.
Time-share private jet lease, also called fractional jet ownership,
provides individuals, companies and corporations a way of enjoying the benefits
of a private jet anytime they want it, according to Wikipedia.
Time-share ownership comes in various models. Some come as a way of
making use of the jets for certain number of hours in a month without
necessarily owning it. Others may involve joint ownership with others, Wikipedia
notes.
It was gathered that the fear of scandal and fraud allegation as a
result of the outright ownership of private jets had made some serving
ministers and governors to embrace the time-share lease arrangement.
A top aviation official explained, “What European companies
and some few Nigerian private jet companies are doing now is to engage in
time-share private jet lease agreement with members of the political class,
especially minister and governors.
“Through this time-share lease arrangement, many ministers and governors
now have access to the use of private jets, as much as they want without
necessarily buying or owning them. It is a smarter way to save them from
scandals and fraud allegations that may greet the outright purchase of a jet by
political office holders.”
The official further said, “Some of them buy as much as 15 hours or more
in a month. For example, some buy 15 hours a month for six months; this equals
to 90 hours. They make that payment at once. In a year, some pay as much as
$500,000 or $1m.
“The companies ask for their schedule and make the jets available to
them regularly. This is the kind of deal the private jet companies are
closing with some ministers and governors to enable them make use of the
private jets regularly without actually owning them.”
Sources said the private jets firm had been making millions of dollars
from ministers, governors and other top political actors in the country on
annual basis through this arrangement.
The revelation came on the heels of recent reports that a serving
minister, who is believed to be close to the Presidency, had spent millions of
dollars in the last two years flying a Bombardier Challenger 850 plane.
An aviation group, whose contacts are yet to be ascertained, had carried
out a newspaper advertorial alleging that the Challenger 850 plane, with
registration number OE-IRA, had been used to fly the minister in question to
several destinations since 2012 when the jet came into the country.
Further investigations revealed that the plane was registered in
Austria.
A top aviation official disclosed that over 30 foreign registered planes
were currently flying in the country, carrying some serving ministers,
governors and top political figures.
Apart from the Bombardier Challenger 850 in question, aviation officials
listed other brand of private jets being flown by members of the political
class in the country as Cessna Citation Jet 3, Cessna Citation Sovereign,
Embrear Legacy Jet and Hawker Sidley.
According to the officials, most of the jets being flown by members of
the political class came through the time-share lease arrangement.
It was learnt that the jets had foreign registration to allow the
ministers, governors and other users easy flight access across Europe and other
parts of the world since there would not be any need to get flight clearances
for each European country whenever they needed to fly across continents.
According to industry stakeholders and aviation experts, time-share
lease agreement for private jets was introduced by a company owned by Warren
Buffet some years ago.
The model is said to be popular in the Middle East as most wealthy Arabs
who do not want to own private jets make use of the arrangement.
The model is gradually gaining ground in Africa, particularly among the
political class in Nigeria.
The Chief Executive, Finum Aviation Consultancy, Mr. Sheri Kyari, said
public office holders in the country had for long been doing things that were
detrimental to the development of the aviation industry and the economy in
general.
He said, “They are many things that these our government officials are
doing that are harmful to our economy; that is why we see a situation where a
lot of projects are left undone, or left midway without completion.
“For instance, the number of private jets operating in the country is
too much, and the maintenance of these jets is biting deep into the nation’s
purse.
“The fact is that if these government officials are leasing these planes
from foreigners and are using their personal funds to maintain them, it is bad
for the economy; and if they are using government’s money, then it means they
are depriving the citizens of the country and using it for their pleasure.”
“There are a lot of things that our government should focus on; for
instance, we do not have the capacity to meet up with the needs of the citizens
in various areas yet, our government officials are engaging in activities that
drain the economy, it is rather unfortunate.”
Experts, however, say under the time-share lease arrangement, the
governors or ministers do not need to pay for the maintenance of the aircraft
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Society
I wonder d kind of heart our leaders hs, vry wicked and unreasonable. D jt focus on killing d country economy wit der sefish desire, hw much do we need to fully bring bk d railway bk to live in dis country? D re payn 4a private jets as if is a cloth.I jt pity der end.
ReplyDeleteI jst knw d kind of prayer we shld being praying 4diz pple. Pls God dnt forsake us in d hands of our wicked leaders.4d past hw many wks nw we dnt hv lite I mean no electricity.
ReplyDelete