July 22, 2018

Travel agents protest loss of income to banks

Travel agents protest loss of income to banks

The National Association of Nigeria Travel Agencies (NANTA) has urged the Central Bank of Nigeria ( CBN) to direct commercial banks to stop the sale of tickets to the public.

Its National President, Alhaji Aminu Agoha, who made the plea last week, said the association has concluded plans to take appropriate steps to ensure that the banking regulator prevail on the lenders to desist from selling air tickets, adding that the banks’ action, constitute an infraction on the operations of travel agencies

He said it was wrong for commercial banks to veer off their core business into the sale of airline tickets.

He said travel agencies are  the only recognised bodies to sell tickets for airlines, noting that if the CBN fails to call the banks to order, it could push over 1,020 travel agencies and their 7,129 employees out of business.

Agoha said if the banks must sell airline tickets, they should set up travel  agency outfits and undergo relevant industry certification before going ahead with the business .

He lamented that travel agencies are facing challenges, including zero per cent commission from foreign carriers,  failure of airlines to get into the billing settlement plan, as well as failure on the part of airlines to close all ticket sales points outside the airport.

He said there is need for government to protect the interest of travel agents who contributed over $2.3 billion to the country’ Gross Domestic Product  last year alone from ticket sales and tour packages. Read more


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