{"id":113824,"date":"2024-03-21T20:14:34","date_gmt":"2024-03-21T19:14:34","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped"},"modified":"2024-03-21T22:34:56","modified_gmt":"2024-03-21T21:34:56","slug":"fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped","title":{"rendered":"FX backlog: Foreign airlines fault CBN\u2019s settlement claim, insist $700m still trapped"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Foreign Airlines operating in the country have faulted the announcement by the Central Bank of Nigeria, CBN, that it has settled all outstanding backlog of valid foreign exchange claims.<\/p>\n

The CBN said it has cleared the balance of $7 million pending valid forex backlog.<\/p>\n

Also, in January this year, the apex bank disclosed that it had concluded the payment of all verified claims by foreign airlines with the payment of an additional $64.44 million to concerned airlines.<\/p>\n

However, the President of the Association of Foreign Airlines and Representatives in Nigeria, AFARN, Kingsley Nwokoma, in an interview with Leadership on Thursday stated that about $700 million belonging to foreign airlines was still trapped in the country.<\/p>\n

He challenged the CBN to show evidence of payment, if it truly cleared the backlog of FX belonging to the foreign airlines.<\/p>\n

\u201cThis statement is just like the same thing they said the last time.<\/p>\n

\u201cIf they say they cleared all forex backlog, and which include the foreign airlines\u2019 backlog, it\u2019s easy, it\u2019s just for them to show everyone evidence to see that the foreign airlines backlog has been paid.<\/p>\n

\u201cHowever, it\u2019s still the same amount they paid.<\/p>\n

\u201cThey paid twice and we all know that the foreign airlines are complaining that they are still being owed over $700 million.<\/p>\n

\u201cIf they say they have cleared it, then they should be transparent because transparency means showing how much they have paid to each sector, they should let us know,\u201d Nwokoma stated.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Foreign Airlines operating in the country have faulted the announcement by the Central Bank of Nigeria, CBN, that it has settled all outstanding backlog of valid foreign exchange claims. The CBN said it has cleared the balance of $7 million pending valid forex backlog. Also, in January this year, the apex bank […]<\/p>\n","protected":false},"author":84,"featured_media":113822,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,13052,254],"class_list":["post-113824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-fx-backlog","tag-nigeria"],"yoast_head":"\nFX backlog: Foreign airlines fault CBN\u2019s settlement claim, insist $700m still trapped - Nigeria<\/title>\n<meta name=\"description\" content=\"Foreign Airlines operating in the country have faulted the announcement by the Central Bank of Nigeria, CBN, that it has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX backlog: Foreign airlines fault CBN\u2019s settlement claim, insist $700m still trapped\" \/>\n<meta property=\"og:description\" content=\"Foreign Airlines operating in the country have faulted the announcement by the Central Bank of Nigeria, CBN, that it has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T19:14:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-21T21:34:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711040335.641281.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"415\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FX backlog: Foreign airlines fault CBN\u2019s settlement claim, insist $700m still trapped\",\"datePublished\":\"2024-03-21T19:14:34+00:00\",\"dateModified\":\"2024-03-21T21:34:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711040335.641281.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"FX backlog\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-backlog-foreign-airlines-fault-cbns-settlement-claim-insist-700m-still-trapped\",\"name\":\"FX backlog: Foreign airlines fault CBN\u2019s settlement claim, insist $700m still trapped - 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