THE Central Bank of Nigeria (CBN) Governor, Godwin Emeifile, says that the ongoing crisis about trapped funds belonging to foreign Airlines in the country will soon be over adding that no foreign airline will lose its funds.
He disclosed this at a meeting with Aviation industry stakeholders’ and the Speaker, House of Representatives Yesterday.
Emeifile said the country is going through difficult times and need not to be put under pressure or blackmailed to jeopardize the interest of the nation to satisfy the business interests of the foreign airlines.
The CBN Governor informed that, as part of the measures, the apex bank took a decision and $265 million was provided in trances and paid to the foreign airlines.
He however noted with dismay that despite the CBN’s efforts, the foreign airlines have reported to blackmail in order to portray the country in bad light.
According to the CBN governor, said that, it is not an obligation by law for the apex bank to sell dollars to Airlines, but their banks can source for them through the CBN or any other means.
He berated other countries like the United Kingdom, United Arab Emirates and others for not reciprocating the magnanimity shown to their entities by Nigeria by refusing to allow Nigeria’s airlines to operate to their countries.
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