Trapped $464m: More Airlines To Boycott Nigeria – IATA
August 20, 2022
2:54 am
The International Air Transport Association (IATA), has asserted that except Nigerian authorities facilitate the release $464million in revenue due to foreign airlines and trapped in the Central Bank of Nigeria (CBN), more airlines may suspend operations into Nigeria.
In a statement issued on Friday which was obtained by Africa Daily News, New York, the regional vice president, Africa, and Middle East, Kamil Alawadhi, disclosed that IATA was seriously disappointed that the amount of funds belonging to airlines, which were blocked from repatriation by the Nigerian government has now grown to $464 million in July.
According to him, the government should …
