Dana Air, owner of Sri Sai Vandana Foundation, a Non-Governmental Organisation (NGO) and WEMA Bank Nigeria may be prosecuted by the anti-graft agency for the airline’s inflight donation collected between 2014 and 2018 without following due process.
“The EFCC will take it up. We will investigate and prosecute the crime element once prima facie is established,” the acting spokesperson to the Economic and Financial Crimes Commission (EFCC), Tony Orilade said.
Dana started Nigeria’s Sri Sai Vandana Foundation in 1995 and commenced the inflight donation in partnership with the Sickle Cell Foundation of Nigeria. But after the airline suffered a major crash in Lagos in 2012 in which 153 persons died, it ceased the collaboration, ‘re-strategised’, and solely ran the inflight donations
The story first broke when ICIR reported how Dana through Sri Sai Vandana Foundation, got the inflight donations between January 2014 and October 2018, raking in millions of naira deposited into the Wema Bank account number 0121291839 without due registration with the Corporate Affairs Commission (CAC), a prerequisite for complying with the Special Control Unit against Money Laundering (SCUML) regulations.
When asked if it is the board or the organisations that would be sanctioned, “The company itself,” the EFCC official added.
“When there is a vacuum that is when we will lift the veil.”
He further explained what he meant by ‘Lifting the veil’: “The company cannot run without humans. So, it is when everyone denies being members of the company that we go after the individuals.”