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ay Up Airlines’ Blocked Funds, Senate Asks CBN Governor


The Senate has asked President Muhammadu Buhari to direct the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to pay up blocked funds belonging to airlines operating in the country.

 

The Upper Chamber made the request after Senator Bala Na’allah presented a motion during plenary session on the inability of airlines to repatriate their funds from Nigeria to support their operations.

 

According to Na’allah, the consequences of these blocked funds are that cheap tickets are not available in Nigeria.

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