Travel agencies to storm National Assembly over $300m trapped fund | The Guardian Nigeria News - Nigeria and World News

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Worried by the chaotic status of international travels in the country, travel agencies, will next week, take complaints to the National Assembly to seek legislative intervention on the foreign airlines...

‘How govt’s negligence enhances foreign airlines’ exploitation of Nigerians’

The Guardian, yesterday, learnt that about two months after the CBN released $265 million out of the $464 million trapped in Nigeria, there has been no reprieve in the crisis. The Business Class variant sells at an average of N4 to N5 million – over 250 per cent spike from the rate sold in other parts of the world.

Travel expert, who also doubles as the Chairman of the Airlines and Passengers Joint Committee of the International Air Transport Association , Bankole Bernard, also blamed the government’s negligence for the worsening crisis. “Yet, while CBN is not giving dollars to airlines to repatriate their sales, the government’s aviation agencies keep collecting taxes and charges in dollars from the airlines.

 

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