Foreign airlines operating in Nigeria have said the Central Bank of Nigeria (CBN) was inaccurate in claiming it had cleared all foreign exchange (FX) obligations.
Kingsley Nwokeoma, the Association of Foreign Airlines and Representatives in Nigeria (AFARN) president, told BusinessDay that the bank was yet to clear foreign airlines’ trapped funds.
This came 24 hours after Hakama Ali, acting director of CBN’s corporate communications, issued a statement saying the bank made $1.5 billion payments to settle a residual FX backlog balance.
On Thursday, Nwokeoma said, “If they say they have cleared the trapped funds, they should show us figures. They should tell us how much has been cleared. The last I checked, the status quo still remained the same.”
Foreign airlines operating in Nigeria have said the Central Bank of Nigeria (CBN) was inaccurate in claiming it had cleared all foreign exchange (FX) obligations.
Kingsley Nwokeoma, the Association of Foreign Airlines and Representatives in Nigeria (AFARN) president, told BusinessDay that the bank was yet to clear foreign airlines’ trapped funds.
This came 24 hours after Hakama Ali, acting director of CBN’s corporate communications, issued a statement saying the bank made $1.5 billion payments to settle a residual FX backlog balance.
On Thursday, Nwokeoma said, “If they say they have cleared the trapped funds, they should show us figures. They should tell us how much has been cleared. The last I checked, the status quo still remained the same.”