Travel Agents to Meet Tinubu Over Trapped Funds

The National Association of Nigerian Travel Agencies has written a letter to President Bola Tinubu, seeking to see him over the trapped funds of foreign airlines.

The President of the National Association of Nigerian Travel Agencies, Susan Akporiaye, disclosed this to newsmen in Abuja recently.

She stated that NANTA had written a letter seeking an audience with the President, though no time had been fixed for the meeting.

She clarified that the Nigerian government was not deliberately withholding funds from the airlines’ repatriation efforts.

According to the NANTA president, the scarcity of foreign currency, particularly dollars, is due to the reduced availability of such currency in government reserves.

She noted that most of the foreign currency is now in the hands of individuals rather than in the government reserves, which presents a challenge when it comes to addressing trapped funds.

According to NANTA President, the country cannot print dollars, because it is not its currency.

Meanwhile, the chairman of the Airlines and Passengers’ Joint Committee of the International Air Transport Association, Bernard Bankole, has argued that Nigerians are the ones bearing the burden of foreign airlines’ trapped funds.

Speaking with newsmen in Abuja on Friday, Bankole refuted claims of trapped funds within the aviation industry, declaring that such assertions were baseless