Tag Archives: Trapped funds in Nigeria

The Nigerian Aviation Handling Company Plc has declared a Profit After Tax ( PAT) of N3.842 Million for the Year End 2022, an increase of 315.4 percent over the N924.86 declared for the same period in 2021. This is just as the Chairman of the Board of ground handling company, Dr. Seinde Fadeni, has asked the Federal Government to release …

THE International Air Transportation Association (IATA) is downbeat and says foreign airlines’ funds being blocked in Nigeria increased to $464million in July from $450 million in May stating that the figure grew by $14 million .   The global airline body revealed this in a series of tweets on Thursday while stating that Nigeria’s position towards funds repatriation was disappointing. …