Nation
IATA Appeals To FG On Airlines’ Blocked Funds
The International Air Transport Association (IATA) has appealed to the Federal Government of Nigeria on resolution of airlines’ blocked funds.
IATA’s Area Manager, West and Central Africa, Dr Samson Fatokun, made the appeal in Abuja, when he led a team to pay a courtesy visit on the Minister of Aviation, Sen. Hadi Sirika.
According to him, Nigeria has been the country with the highest amount of airline blocked funds in the world for over a year.
“We would like to thank you for your continuous support for the growth of air transport in Nigeria and for the actualisation of its role as catalyst for the growth of the Nigerian economy.
“IATA and global airline community will like to appeal for your special intervention for the resolution of airlines` blocked funds issue in Nigeria.
“As at January 2023, airlines `blocked funds in Nigeria have increased to $743, 721,097 from $662m in January 2023 and $549m in December 2022”, he said.
Fatokun said increasing backlog of international airlines blocked funds in Nigeria had sent a message against Foreign Direct Investment (FDI) in Nigeria.
According to him, potential investors are reading from the plight of airlines that they may not be able to repatriate their funds from Nigeria, at a time when Nigeria is expecting more investments.
“Foreign airlines fly into Nigeria within the legal framework of the Bilateral Air Service Agreement (BASA), signed between their countries and the Federal Republic of Nigeria.
“It is agreed in those BASAs that Nigeria will facilitate the repatriation of the funds of the other party`s airline. Nigeria flouts this contractual obligation by not facilitating enough the repatriation of airlines’ funds”, he said.
He said some airlines had decided to reduce number of their frequencies or seats made available for sale in the Nigerian market to mitigate increasing backlog of their funds in Nigeria and its impact on their cash flow.
He stated that this reduced person and cargo access to Nigeria, and e-commerce that relied on aviation for speedy delivery would be impacted in the country.
“Moreover, going by the law of demand and supply, the reduction of airline inventories in the Nigerian market will lead to ticket fare increase which would further burden average Nigerians and take air travel away from the reach of many Nigerians”, he stated.
On her part, the National President, National Association of Nigeria Travel Agencies (NANTA), Mrs Susan Akporiaye, also urged the minister to help facilitate resolution of airlines’ blocked funds.
“The downstream sector of aviation industry (Travel Agencies, Ground Handling Companies) rely heavily on airlines capacity to grow or remain in business.
“Should the airlines be compelled to further reduce their capacity, those businesses would be negatively impacted, leading to job loss.
“The negative indirect impact will also affect ground transportation (taxi, car hire), hotels and restaurants output”, she said.
Responding, the Minister of Aviation, Sen. Hadi Sirika, said he would use his office and personal relationship with President Muhammadu Buhari to ensure that airlines’ funds blocked in Nigeria were totally cleared.
He said efforts would be made to ensure clearance of the funds before the end of the current administration.
Sirika, however, frowned at reactions of some international airlines, regarding the blocked funds.
“We do know that we need your services as you also need our market. Things can be resolved by dialogues like this, which I think is better. “he said.
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Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
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