Emirates to suspend Nigeria flights over repatriating funds
- Date: 20-Aug-2022
- Source: Gulf Insider
- Sector:Financial Markets
- Country:UAE
Emirates to suspend Nigeria flights over repatriating funds
Emirates plans to suspend flights to Nigeria from next month, a decision the Gulf carrier said was linked to challenges in repatriating funds from the African nation.
The Dubai-based airline said it tried every avenue to address the transfer of funds from Nigeria and sought urgent intervention of authorities to help find a solution.
“Regrettable there has been no progress,” Emirates said in a statement. The airline said it will re‑evaluate the decision should there be any positive developments in the coming days on blocked finds.
Reuters reported earlier this month that Emirates had $85m stuck in the country as of July, a figure that had been rising by $10m per month.