Aftermath of EFCC raid: Vacating NAHCO MD rushes back to Nigeria

Aftermath of EFCC raid: Vacating NAHCO MD rushes back to Nigeria

 The vacating Managing Director/Chief Executive Officer, of the Nigerian Aviation Handling Company (NAHCO), Nobert Bielderman, who was on vacation when the Economic and Financial Crimes Commission (EFCC) Raiders the country has return, TRANSPORT & MARITIME ONLINE can report.
Recall that operatives of the EFCC had last week stormed NAHCO’s office at the Murtala Muhammed International Airport Lagos, and interrogated some senior members of staff.
Although no documents were taken, some of its key officers were told to report to the EFCC’s office for further investigation.

But, in a statement by the company, it said the MD had since returned to the country and is back in the company saying “We ask for the understanding of all stakeholders at this time.”
However, the NAHCO has said it is still awaiting details of the investigation being carried out by EFCC, following a raid on its office in Lagos last Monday.

“While we await details from the investigating authorities as it is the practice worldwide so as to ensure the protection of both local and international investors’ interests, the event of the past week have been properly managed as to have little or minimal impact on operations and business continuity.

It also assured investors, regulators and other stakeholders that it was doing all within its powers to resolve the issue.

It said, “As a publicly quoted company, NAHCO is guided by its apex regulator, the Securities and Exchange Commission, Nigerian Stock Exchange and the listing rules.

“We are also aware of our shareholder rights as enshrined in the Constitution of the Federal Republic of Nigeria, extant rules and the mutual investment protection treaty covering European strategic investors on our board. As such, this information update has become necessary.”

It further pointed out that as a regulated and listed business entity with strong international corporate governance credentials, NAHCO believes that SEC and the NSE should be aware of any petition and were in the best position to provide guidance, proper feedback and/or even sanctions regarding any alleged infractions by a regulated entity.

As part of the ongoing hajj operations, NAHCO also said it would handle an estimated 204 flights from 10 airports around the country

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