FOREIGN airlines’ funds trapped in Nigeria has risen to $143.8m, the International Air Transport Association has said.
The IATA said approximately $963m in airline funds are being blocked from repatriation in nearly 20 countries.
According to the association, four countries: Bangladesh ($146.1 million), Lebanon ($175.5 million), Nigeria ($143.8 million), and Zimbabwe ($142.7 million), account for over 60% of the total.
The association added that there had been positive progress in reducing blocked funds in Bangladesh and Zimbabwe of late.
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