Tuesday, July 23, 2024
Google search engine
HomeNewsForeign Airlines Challenge CBN's FX Backlog Settlement Claim as IATA Validates Success

Foreign Airlines Challenge CBN’s FX Backlog Settlement Claim as IATA Validates Success

#Zulum238Projects #Term2 Focus: Education (54 Projects) Zulum's 5th year in office, consolidating on sterling 4 years of the first tenure. “1,195 Projects and Counting.” Series on 238 projects in the first year of the second tenure of Governor Zulum.

Kingsley Nwokeoma, President, of the Association of Foreign Airlines and Representatives in Nigeria, (AFARN) told BusinessDay that as far as he is concerned, nothing has changed as regards clearing foreign airlines’ trapped funds.

Meanwhile, Bankole Bernard, chairman of the Airlines and Passengers’ Joint Committee (APJC) of the International Air Transport Association (IATA) told BusinessDay that CBN’s claim is true, adding that the airlines’ trapped funds have been cleared.

Google search engine
See also  Kaduna's FRCN Struggles as Power Cuts Threaten Vital Information Flow

According to him, the foreign airlines have been offered the option to get their funds from the banks using the rate of the I & E window but have refused because the current I &E window rate is not the same as they used to sell tickets.

About The Author



Please enter your comment!
Please enter your name here

Most Popular