Monday, April 25, 2011

FUEL SURCHARGE: EFCC’S INVITATION TO BRITISH CARRIERS

Its kudos to the Economic and Financial Crime Commission (EFCC) for inviting te management of these airlines with respect to refunding fuel surcharge collected sometime ago on the Nigerian route just as they have done on some other routes.
I expect the NCAA to provide the commission with the needed support and information not just harassing domestic carriers that impose such charges.
Corporate travel managers, travel agents, stakeholders and the consumers themselves should coordinate and support the agency with necessary information.
The Central Bank of Nigeria (CBN) should also, look at the remittance history of these carriers if it conforms to the country’s foreign exchange management laws or start a process stifling the remittance process.
We should wake up and understand that, it’s not the passengers demand alone that attracts the request for extra frequencies by the foreign carriers but the ease at which they remit and ferry ticket sales and associated surcharges out of the country. If we cannot protect our carriers, we should at least protect the passengers and the economy.

The reserve bank of India an equivalent of CBN recently advised the foreign airlines to discontinue immediately the practice of using overseas banks for settlement of India rupee transactions on account of sale of air tickets in India, while the Venezuelan government strict remittance policy has discouraged request for extra currency.
It’s another wake up call for the government and relevant agencies

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