In June 2008, the Economic and Financial Crimes Commission (EFCC) arrested Borishade his successor as Minister of Aviation Femi Fani-Kayode for their roles in the disbursement of the N19.5bn aviation intervention fund.
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After the ADC Airlines Flight 53 crash in October 2006, President of Nigeria Olusegun Obasanjo, faced with pressure to remove Borishade, transferred him to another department.
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He was replaced on 2 November 2006, four days after the crash of an ADC Airlines Boeing 737 passenger aircraft, and moved to the Culture and Tourism ministry, trading positions with Femi Fani-Kayode.