The Nigerian College of Aviation Technology (NCAT), located in Zaria, Kaduna State, has announced that it auctioned two helicopters for a total of 556,200,322USD (approximately N1.2 billion) due to their underutilization.
Capt. Alkali Modibbo, the Rector and Chief Executive Officer of the institution, informed journalists in Zaria on Sunday that the two Bell 206B – III model helicopters were disposed of after all necessary procedures were followed. The process involved the appointment of a Federal Government licensed auctioneer, Messrs Tresmo Nigeria Limited, who carried out the disposal based on approval and valuation reports obtained from the Federal Ministries of Aviation and Works, respectively.
The auctioneer made payments of $275,782,661.25 and $280,417,661.25 (totaling N1.2 billion) through FGN Remita receipts bearing reference numbers 3008-4333-3046 and 1008-4304-1098, respectively.
The decision to auction the helicopters came after the Nigerian Navy expressed interest in acquiring them due to their underutilization. The Navy’s request, which was conveyed via a letter dated December 13, 2022, prompted the college to take the necessary steps towards disposal.
To ensure proper procedures were followed, the appointment of the auctioneer, Mr. Adeyemi Apata from Tresmo Nigeria Limited, was requested through a letter dated March 3, 2023. Subsequently, the Federal Ministry of Aviation granted approval for the disposal of the helicopters on March 15, 2023, allowing the college to acquire Basic Trainer Helicopters.
Following due process, the valuation reports of the helicopters were obtained from the Federal Ministry of Works and Housing on March 30, 2023. The engagement of Messrs Tresmo as the auctioneer was finalized with a letter dated April 6, 2023.
On April 7, 2023, the auctioneer executed the disposal of the helicopters and remitted the proceeds of N1.2 billion into the Federal Government account. The NCAT Rector emphasized that thorough due diligence was followed throughout the auction process, with the aim of enhancing the college’s training capabilities.
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