The Nigerian Civil Aviation Authority has warned all defaulting
airlines to desist from selling airline tickets in foreign currencies
with immediate effect. In a statement released by the Acting General
of public relations unit, Sam Adurogboye, he said that this illegal
act by the airlines which had recently been brought to their notice
was contravening the decreed guidelines of the Central Bank of
Nigeria(CBN) on purchase of goods and services in Nigeria.
On April 17,2015 via a circular the CBN decreed that all pricing
and purchase of any product shall continue to be in Naira only and it
is illegal to denominate or state the pricing of any product in any
foreign currency.
The Acting General said that the aviation regulatory authority is
disturbed by reports of airlines refusing to accept naira as payment
for services. Only accepting payment in just foreign currency.
The statement also disclosed that such activities by the airlines
contravened the stated rules and provisions of the Bilateral Air
Service Agreement (BASA) between Nigerian and countries in articles
8(4) . Standing on this, the statement read that all airlines are
hereby ordered to desist from from such illegal activities and heed to
the provisions of BASA and CBN rules. In other words, airlines are not
allowed to sell their tickets to customers in foreign currency but
only in naira.
Mr. Sam also said that letters of warning had also been
dispatched and read to all the airlines. The letters expressly read:
"Sales of tickets and services should henceforth
be offered to air travellers in naira without further
delay,".
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airlines to desist from selling airline tickets in foreign currencies
with immediate effect. In a statement released by the Acting General
of public relations unit, Sam Adurogboye, he said that this illegal
act by the airlines which had recently been brought to their notice
was contravening the decreed guidelines of the Central Bank of
Nigeria(CBN) on purchase of goods and services in Nigeria.
On April 17,2015 via a circular the CBN decreed that all pricing
and purchase of any product shall continue to be in Naira only and it
is illegal to denominate or state the pricing of any product in any
foreign currency.
The Acting General said that the aviation regulatory authority is
disturbed by reports of airlines refusing to accept naira as payment
for services. Only accepting payment in just foreign currency.
The statement also disclosed that such activities by the airlines
contravened the stated rules and provisions of the Bilateral Air
Service Agreement (BASA) between Nigerian and countries in articles
8(4) . Standing on this, the statement read that all airlines are
hereby ordered to desist from from such illegal activities and heed to
the provisions of BASA and CBN rules. In other words, airlines are not
allowed to sell their tickets to customers in foreign currency but
only in naira.
Mr. Sam also said that letters of warning had also been
dispatched and read to all the airlines. The letters expressly read:
"Sales of tickets and services should henceforth
be offered to air travellers in naira without further
delay,".
Follow us @ twitter.com/topntrending
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