₦airaland Forum

Following reports that the Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs, foreign airlines, yesterday, questioned the claim.


President of Association of Foreign Airlines and Representatives in Nigeria, AFARN, Mr Kingsley Nwokeoma, who spoke to Vanguard, called for evidence of payment.


Nwokeoma said: “If they’ve paid, they should let us know how much has been paid. Where is the evidence of payment? They should show us evidence of payments and we will thank them because payment is what we want. The backlog of trapped funds made foreign airlines stop releasing low inventory tickets.”

Nwokeoma also said although foreign airlines have been told to get their funds from the banks using the rate of the I & E window, they refused because the current I & E window rate differed from what they used in selling tickets.

Last night, Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, in a statement, said CBN had concluded the payment of $1.5 billion to settle obligations to bank customers, effectively settling the residual balance of the FX backlog.

Ali stated: “The Central Bank of Nigeria has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the CBN Governor, Mr Olayemi Cardoso, to process an inherited backlog of $7bn in claims.

“Clearance of the foreign exchange transactions backlog is part of the overall strategy detailed in last month’s Monetary Policy Committee meeting to stabilise the exchange rate and thereby curb imported inflation, spurring confidence in the banking system and the economy.”

With $812.2 million, Nigeria tops the countries that account for 68.0 per cent of blocked funds. Others are Bangladesh ($214.1 million), Algeria ($196.3 million), Pakistan ($188.2 million) and Lebanon ($141.2 million).


https://www.vanguardngr.com/2024/03/fx-backlog-show-evidence-of-payment-foreign-airlines-tell-fg/amp/

The airlines money is with the commercial banks. Let them go and sort themselves out with the commercial banks.

Paraman:
The airlines money is with the commercial banks. Let them go and sort themselves out with the commercial banks.

And the government, through the CBN, cannot ensure that these airlines get their money before rushing to the media to dish out propaganda to avoid this kind of denial that embarrasses the country and its citizens.

Check the vagabond talking, he is a flat headed drug trafficker using aviation as cover up. Interpol will soon arrest him.

Ofunaofu:
And the government, through the CBN, cannot ensure that these airlines get their money before rushing to the media to dish out propaganda to avoid this kind of denial that embarrasses the country and its citizens.

Una go cry tire. Negativity is a generational curse

Ofunaofu:
And the government, through the CBN, cannot ensure that these airlines get their money before rushing to the media to dish out propaganda to avoid this kind of denial that embarrasses the country and its citizens.

See the way an adult is reasoning. You just want to wail, no matter what this government does.

We will put people like you to shame again in 2027, so be ready to wail till may 29 2031.

Paraman:
This is a dumb comment

Typical of an agbadorian minion

Ofunaofu:
Typical of an agbadorian minion

We will put people like you to shame again in 2027, so be ready to wail till may 29 2031.

Paraman:
See the way an adult is reasoning. You just want to wail, no matter what this government does.

We will put people like you to shame again in 2027, so be ready to wail till may 29 2031.

You have already been put to shame by Tinubu

Look at what you are defending, a government of propaganda

Ofunaofu:
You have already been put to shame by Tinubu

Look at what you are defending, a government of propaganda

Base on Tinubu reform to reposition the country, it's just a short term pain, there's a light at the end of the tunnel.

Things are already falling in shape bit by bit

Paraman:
We will put people like you to shame again in 2027, so be ready to wail till may 29 2031.

You are in shame already

Shamelessly defending a government dishing out calamitous economic policies and engaging in propaganda

Paraman:
Base on Tinubu reform to reposition the country, it's just a short term pain, there's a light at the end of the tunnel.

Things are already falling in shape bit by bit

You are such a clown

A shameless one

Ofunaofu:
You are in shame already

Shamelessly defending a government dishing out calamitous economic policies and engaging in propaganda

The government is not dishing out calamitous economic policies, only ignorant and bitter people like you and your fellow obidients will say such a thing.

Every sane person, experts in Nigeria and around the world and financial institutions in Nigeria and around the world knows Tinubu is doing fine and on the right path. Bitter and pained people like you can keep on wailing online.

Ofunaofu:
You are such a clown

A shameless one

This is the only thing you know how to do... To wail bitterly because a Yoruba muslim is the president.

https://www.aljazeera.com/economy/2024/3/19/first-100-days-milei-falters-on-shock-therapy-for-argentinas-economy?traffic_source=rss


Tinubu is carrying out a more better reform compared to what Milei is presently doing in Argentina.

Paraman:
This is the only thing you know how to do... To wail bitterly because a Yoruba muslim is the president.

https://www.aljazeera.com/economy/2024/3/19/first-100-days-milei-falters-on-shock-therapy-for-argentinas-economy?traffic_source=rss


Tinubu is carrying out a more better reform compared to what Milei is presently doing in Argentina.

You are irredeemable.

I won't engage you further on this.

Paraman:
The government is not dishing out calamitous economic policies, only ignorant and bitter people like you and your fellow obidients will say such a thing.

Every sane person, experts in Nigeria and around the world and financial institutions in Nigeria and around the world knows Tinubu is doing fine and on the right path. Bitter and pained people like you can keep on wailing online.

Bros, even among shameless people, the will be ashamed of your shamelessness.

Paraman:
This is the only thing you know how to do... To wail bitterly because a Yoruba muslim is the president.

https://www.aljazeera.com/economy/2024/3/19/first-100-days-milei-falters-on-shock-therapy-for-argentinas-economy?traffic_source=rss


Tinubu is carrying out a more better reform compared to what Milei is presently doing in Argentina.

He's carrying out drug runs, not reforms.

successmatters:
Bros, even among shameless people, the will be ashamed of your shamelessness.

Bitter obidients will always disagree with financial experts, economist, facts on ground and financial institutions in Nigeria and around the world.

Paraman:
Bitter obidients will always disagree with financial experts, economist, facts on ground and financial institutions in Nigeria and around the world.

Obidients are the smart economists who continue to knock you into line every time, what does a drug dealer know about economics?

If they said they have cleared it then they have cleared it naw..

kokoA:
If they said they have cleared it then they have cleared it naw..

And if the people they are owing says they have not paid them, have they paid them??

Are you listening to a criminal like Thief'nubu? Nothing was cleared otherwise show us the receipts.

Agbado donkeys are the ones relying on propaganda to feel good. Idiots.

successmatters:
Obidients are the smart economists who continue to knock you into line every time, what does a drug dealer know about economics?

Imagine a notorious narcotics drug dealer caught pants down for engaging in budget padding to the tune of #3.7 trillion turning around to accuse someone of not understanding the arithmetic of budget.

The same drug dealer once said, "Na statistics, we go chop."

Believe Thiefņubu and you will
believe anything
.

Ofunaofu:
Imagine a notorious narcotics drug dealer caught pants down for engaging in budget padding to the tune of #3.7 trillion turning around to accuse someone of not understanding the arithmetic of budget.

The same drug dealer once said, "Na statistics, we go chop."

Peter Obi lost the erection

Ofunaofu:
Imagine a notorious narcotics drug dealer caught pants down for engaging in budget padding to the tune of #3.7 trillion turning around to accuse someone of not understanding the arithmetic of budget.

The same drug dealer once said, "Na statistics, we go chop."

Many Ibo people find it hard to accept the defeat of Peter Obi by President Tinubu

Peter Obis erection loss is very painful for many of them

Gajagojo:
Many Ibo people find it hard to accept the defeat of Peter Obi by President Tinubu

Peter Obis erection loss is very painful for many of them

While those who claim to have won the election have refused to move on and stop disturbing those they claimed to have defeated

Gajagojo:
Peter Obi lost the erection

Tinubu won

Ofunaofu:
Tinubu won

MOVE ON

Gajagojo:
MOVE ON

Move on, Tinubu won

Ofunaofu:
While those who claim to have won the election have refused to move on and stop disturbing those they claimed to have defeated

the Inconsolable Bitter Obidients cannot move on but will spend every day of the next 4 years hating and abusing Tinubu as if this will restore
erection to Peter Obi