Tag
TRAPPED FUNDS
Nigerian airlines operating regional and international routes have been consistent with the repatriation of their funds from foreign lands
Airline operators are yet to receive the needed encouragement from the FG on how the remaining over $300 million trapped funds would be repatriated from the country.
Stakeholders expect FG to adopt better communication strategies in dealing with both foreign and local airlines and win back its credibility as a credit-worthy nation.
The CBN has said that it has released the sum of $265 million with a portion of it going to settle trapped funds of foreign airlines.