Trapped Funds Belonging to Foreign Airlines Rise to 12.39 per cent

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The International Air Transport Association, IATA, has revealed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent in January 2023 from $662m in the corresponding period last year.

IATA made this known in a letter, signed by the Area Manager West and Central Africa, Samson Fatokun.

The letter urged the minister of aviation to intervene and ensure the resolution of the issue of airlines’ blocked funds in Nigeria.

Written by: Helen Obih

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