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Nigeria blocking repatriation of $450 million foreign airline revenue, IATA says
Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world's largest airlines association said on Sunday. Africa's largest economy has restricted access to foreign currency for imports and for investors seeking to repatriate their profits as the nation tackles a severe dollar shortage. The International Air Transport Association's Vice President for Africa and the Middle East, Kamal Al Awadhi, described… (www.msn.com) Más...
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Freeze any of their assets and aircraft around the world.
Humbly, as a former expat having operated throughout twenty-two countries on the Dark Continent with my last five years based out of Nigeria, I can easily advise you on how to recover the money. Collins Aerospace, give me a call and we will get the process rolling.
I seem to remember that Venezuela did this a few years back, which resulted in some airlines dropping their services in and out of the country.
