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Cooperators charge FAAN to facilitate remittance

By Daniel Eteghe

President of the Airport and Safety Co-operative Multipurpose Society Limited, Mr. Yusuf Lawal has urged the Federal Airport Authority of Nigeria (FAAN) to facilitate the remittance of its fund to the society in due time.

Speaking to newsmen in his office, Mr. Lawal explained that the management of FAAN fails to remit monies deducted from cooperators on time as was the practice in the past.

“In other organization other than FAAN, we have our quick remittance, but in FAAN it is delayed and we have the bulk of our members from FAAN and this has affected the operations of this society”

“We used to have management of FAAN that give us our remittance as at when due but we are now going through hard times and I can categorically say that, this is the major challenge that we have” he stressed.

Lawal, however, noted that he believes that the reason for the delay of FAAN in remitting the co-operative funds was tied to management issue.

“Well, I think it is management issue because we are supposed to have our remittance along with our salary but this is not the case any longer, whereas in other agencies, we have successfully gotten our remittance” Lawal stated.

Asked about the achievement and prospect of the Co-operative, Mr. Lawal said ”We have actually been registered to run a Micro Finance Bank, we are licensed already, we have what it takes to run it. In fact it is a multipurpose society so with the ministry of agric and co-operative, with their supervision we know that will take us to a greater height”.


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