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Over $700 Million Trapped as Foreign Airlines Accused FG of Blocking Repatriation

Foreign Airlines operators accused the Federal Government of blocking the repatriation of over $700 million from ticket sales

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Emirates Airlines

During a meeting with the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, Foreign Airlines operators accused the Federal Government of blocking the repatriation of over $700 million from ticket sales.

In an interactive session on Monday, Samson Fatokun, who spoke on behalf of foreign airlines, stated that the government must obey the international laws and treaties governing the aviation sector. 

He noted that under the BASA principle, the Nigerian government has an obligation to support the airlines to repatriate their funds in the US dollar.

“As of today, after the CBN intervention of August 29, we have about $700 million in blocked funds. This is astronomically high and it is the highest in the world.

There is no country in the world that has that amount of blocked funds. Nigeria accounts for 32% of the trapped funds in the world.” he said.

Investors King recalled that Emirate Airlines had planned to stop operations in Nigeria over $85 million trapped funds until the intervention by the Central Bank of Nigeria.

Similarly, the International Air Transport Association (IATA), had criticised the Nigerian Government for its failure to allow international airlines to repatriate their profits, warning that it may cause the country more damage.

In a statement on its official Twitter handle, IATA said it was “disappointed” that the Nigerian government did not heed its warnings to allow the timely repatriation of the funds.

Meanwhile, local operators who were at the meeting, however, disagreed with their foreign counterparts. 

Speaking on behalf of the local operators, the CEO of Airpeace, Allen Onyema said local operators are more patriotic and can perform better if given the opportunity. 

He noted that some countries like the United Kingdom and the United Arab Emirates are not reciprocating the bilateral agreement in the aviation sector. 

Furthermore, the founder of United Nigeria Airlines, Obiora Okonkwo noted that foreign airlines should use the Importer and Exporter I&E window to source for dollars instead of waiting for the CBN to give them dollars.

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Nigeria Immigration Service Launches New Passport Renewal Mobile App, Issues Registration Guidelines

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The Nigeria Immigration Service (NIS) said it has created a Mobile Application for individuals to renew their International Passports from the comfort of their homes without necessarily visiting its offices.

The agency, in a video information watched by Investors King, which it posted on its X handle on Thursday night, disclosed that those who applied for passport renewal online get them delivered to their homes and other addresses they have chosen.

The management of the agency stated that the digital innovation is part of its continued efforts to serve the Nigerian public more efficiently and create a functional system that meets global standards.

Tagged: “A New Contactless Passport Application and Issuance Process,” the Nigeria Immigration Service (NIS) said as from November 1st, 2024, individuals who apply to renew their international passport will be able to use the mobile app and carryout the registration and application procedures from the comfort of their homes without having to visit any NIS office.

“Simply visit Google Play Store on your Android, App Store on IOS, and Window Devices and check for Nigeria Immigration Service Mobile App, click on it and download. You can also visit www.passport.immigration.gov.ng on your web browser.

“After downloading the Nigeria Immigration Mobile App on your mobile device, login on to www.passport.immigration.gov.ng, on your web browser; only use the following steps to get registered and apply to renew your passport:

“Step 1: Create a profile using a valid email.

Step 2: Complete eligibility test.

Step 3: Input your NIN and current passport number

Step 4: Fill out your bio data and upload relevant supporting documents such as NIN slip, certificate of local government of origin, birth certificate, among others.

Step 5: Proceed to take your biometric using your mobile phone fingerprint.

Step 6: Review all your information.

Step 7: Then, make payments.

Step 8: Finally submit your application.

“Now wait for your passport to be available and it will be delivered to your chosen address within the stipulated timeline,” the information revealed.

The NIS further explained how the procedures for renewal would be done in phases, stating: Phase 1: Canada – Nov. 1
Phase 2: UK, USA, Italy – Nov. 15
Phase 3: Nigeria & the rest of the world – Dec. 1.”

It added, “Thanks to the renewed hope agenda of Bola Ahmed Tinubu that cares for every Nigerian where they live, work and play.

“The Nigeria Immigration Service (NIS) with the supervision of the Hon. Minister of Interior, Hon. Olubunmi Tunji-Ojo, the leadership of the Controller General, CGI Kemi Nanna Nandap, committed to improving passport application processes and making life easy for all Nigerians.

“Please note that this new application platform is for Passport Renewal Only.”

Meanwhile, individuals who reacted to the new development commended the NIS for coming up with the mobile app for international passport renewal, saying it would contribute in making the process seamless and easier.

They however suggested that the NIS management expunge upload of  supporting documents such as certificate of local government of origin and birth certificate since they have been included in the bio data earlier supplied during initial application for the passport.

One of those who commented simply identified self as @Justice_Israell, wrote: “Nigeria Immigration officers won’t like this because now they can no longer extort from citizen as every financial transaction is done online.

“I love this initiative. Nigeria immigration office is like a market place and this corruption is deeply rooted even to the officials at the top.”

“Why requesting for Birth and Local Government certificates for passport renewal? How did the person get his passport in the first place? Did they not use all these documents for first passport? This is not necessary, except you make it optional. Thank you,” another X user identified as @femoscorpion131 remarked.

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Air Peace Denies Lagos-Abuja Fare Increase to ₦200,000 Amid Viral Reports

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Air Peace has denied plans to raise fares from Lagos to Abuja from N114,000 to N200,000 following a leaked viral report.

This report, published by numerous media outlets claimed that Air Peace would raise its one-way flight fare to ₦200,000 effective November 1, 2024.

This was confirmed by a senior airline staff member who wished to remain anonymous.

The source clarified that the memo was intended for private partners but was unintentionally leaked to the public.

“Our intention was for the memo to remain strictly within our network of private partners, but it unfortunately leaked.

“Indeed, the fare review will take effect from November 1, 2024,” Nairametrics quoted the anonymous source.

The memo reads in part, “This is to inform you that our domestic fares have been reviewed.

“The new fares are effective for flights from 1st November 2024. The previous fares remain available for flights up to 31st October 2024”.

However, a statement by the airline on Saturday, October 26, has laid the rumours to rest.

Refuting the viral claim, the airline said the report was false and not from the firm.

Air Peace emphasized that any adjustment regarding the firm’s pricing will be published via its verified handles and urged Nigerians to rely on these verified channels to avoid misinformation.

The statement read, “We would like to categorically state that this information is false and did not originate from Air Peace.

“We have not released any official statement regarding a fare increase as described, and any announcements regarding our pricing would only be made through our verified channels. We encourage our valued customers and clients to rely exclusively on these platforms for accurate updates and information on fares.”

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Kogi Govt Secures FG’s Approval For International Airport Project

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Kogi State under the leadership of Governor Usman Ododo has secured the approval of the Federal Ministry of Aviation and Aerospace Development to construct an international airport in the Zariagi area of the state.

This was made known in a statement on Friday by the State Commissioner for Information and Communications, Kingsley Fanwo.

Fanwo revealed that the approval for the Kogi State International Airport which is a top priority for Governor Ododo’s government was confirmed through a letter dated October 9, 2024.

He noted that besides the potential to boost the state’s economy, the project will tackle unemployment in the state with the creation of jobs and will also push the state to the global scene.

The statement revealed that the governor expressed thanks to President Bola Tinubu and the aviation minister for approving the project which has the capacity to develop the state.

He disclosed that the aviation team sent to inspect the location of the project were satisfied. They also approved the state government’s plan regarding the project.

The Commissioner stated, “The Ododo Administration has considered it a top priority for Kogi State to have an International Airport and join the league of the aviation hub. The strategic location of the state is no doubt, an invaluable advantage in harnessing the aviation service market as the centre of the nation.

“The project will not only boost the economy of the State, it will also create jobs and bring the potential of the state to the global scene.

“The Governor is determined to hire the best hands in the industry to make the project a huge success. As you are aware, aviation is an industry of trust and standards.

“We thank President Bola Ahmed Tinubu, GCFR and the Aviation Minister for the historic approval that will help to further develop Kogi State. We want to also say that the Airport will also have capacity for Cargo as that is one of our key focuses in the project.”

“Zariagi is a very strategic community that already boasts of an airstrip. The team from the Ministry of Aviation and Aerospace Development was satisfied with the location and the plans of the Kogi State Government on the project.”

In related news, the Kogi State government on Monday, October 7 announced an immediate salary increase for civil servants in the state.

According to the governor, the new wage of N72,500 aims to help civil servants in Kogi cope with the economic hardship in the country and support families in the state.

The Governor also announced a one-year suspension of the Pay-As-You-Earn (PAYE) tax.

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