Nigeria Blocking Repatriation of U.S.$450 Million in Foreign Airline Revenue, IATA says

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[This Day] The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total amount of international carriers’ funds held back by central banks of many countries put at $1.6 billion by end of April, 2022.

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