The FG is reportedly still owing foreign airlines about $29 million despite the recent report of the CBN clearing all outstanding foreign exchange backlog.

However, this is contrary to reports that the monies owed by the FG is $700 million.

According to reports, the $29 million falls under the category of unverified debts which the affected airlines could not present to CBN during the reconciliation of their accounts.

It has however been revealed that it is only the commercial banks of the airlines that are still holding on to the monies of the airlines even when the CBN had prevailed on the commercial banks to release the funds.

The leadership of the National Association of Nigerian Travel Agents (NANTA), Mrs Susan Akporiaye, said though she was aware that the government had almost defrayed its backlog debts to the foreign carriers except the one that could not be properly verified, she however said any debts the airlines are talking about now must be the ones with the commercial banks.