Business

NAMA stops collection of cash from airlines

NAMA stops collection of cash from airlines

In other to fully comply with Federal Government’s cashless and TSA policies, the Nigerian Airspace Management Agency (NAMA) has said that it will no longer take cash for services rendered to stakeholders in the industry, especially non-scheduled flight operators.

The Managing Director of NAMA, Capt Fola Akinkuotu stated this on Monday at a sensitization forum with agents and representatives of operators of non scheduled flights.

According to Akinkuotu, there would be no going back on the Federal Government’s cashless policy and that it was an executive pronouncement that demanded total compliance from all stakeholders.

While appealing to non-scheduled operators to embrace the new initiative as the entire world was going cashless, the NAMA boss said the new system would yield positive results that would benefit the entire industry.

Read also: FG saves $550m weeding out Ghost workers, Buhari reveals

He said: “This is an innovation that would not only improve and sanitise the nation’s financial system but also ensure accountability and transparency in the long run. If we desire an aviation industry that is globally competitive, we have to imbibe global best practices.

“The associated risk and needless exposure associated with the old system of carrying cash around has ensured that it is no longer fashionable.”

Akinkuotu further disclosed that as contained in the Federal Government’s directive, all financial transactions with the agency must be done through monetary transfers only, and into the NAMA TSA account domiciled with the Central Bank of Nigeria.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!