News
Visa Ban: You cannot blackmail Nigeria – Emefiele tells UAE
By Adeleye Kunle
The Central Bank Governor, Godwin Emefiele has said the United Arab Emirates is threatening visa ban due to the funds of airlines trapped in Nigeria.
Mr Emefiele during an interactive session organized by the Speaker of the House of Representatives, Femi Gbajabiamila, said the CBN released $110 million to the foreign airlines in August and is due to release another $120 million on 31st of October.
It would be recalled that the gulf country has reportedly stopped issuing visas to Nigerians in the past couple of weeks.
Also recall that Emirates is owned by the government of UAE.
The CBN governor said Nigeria has over the years prioritized the foreign airlines in allocation of Fx, adding that instead of bearing with the country, some countries are threatening to ban Nigerians
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