In January 2023, the trapped funds of foreign airlines operating in Nigeria reached $662m. On Tuesday, the International Air Transport Association announced the funds had grown to $743,721,097.
A letter addressed to the Minister of Aviation, Hadi Sirika, and signed by the Area Manager for West and Central Africa, Dr Samson Fatokun, was obtained by our correspondent in Abuja.
According to the letter, IATA and the global airline community seek an invention from the minister for the resolution of airlines blocked funds issues in Nigeria.
“For over a year, Nigeria has been the country with the highest amount of airline-blocked funds in the world. Please find attached the comparative table of airlines’ blocked funds by country.
“Moreover, as of January 2023, airlines’ blocked funds in Nigeria have increased to $743.721.092 from $662m in January 2023 and $549m in December 2022.”
Details later…
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