Foreign airlines trapped funds in Nigeria increases to $743 million – IATA

The International Air Transport Association (IATA), the top global trade association of airlines, has appealed to the Nigerian government to allow international airlines repatriate their funds trapped in the country.

The association said the amount airlines have been unable to repatriate from the country rose to $743.7 million in January from $662 million it stood last December.

IATA raised the concerns on Tuesday during a courtesy visit to the Aviation minister, Hadi Sirika, in Abuja.

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