The International Air Transport Association (IATA) has revealed that Nigeria tops the list of countries with the highest airlines funds blocked from repatriation.
According to media reports on Monday, airlines’ funds blocked from repatriation hit $2.27 billion in April 2023, up from $1.55 billion in April last year.
IATA said airlines cannot continue to offer services in countries like Nigeria, Bangladesh, Algeria, Pakistan and Lebanon, all of which account for 68% of the total blocked funds worldwide.
