TRAPPED FUNDS: Emirates Airlines Suspends Flight Operations To Nigeria

Munachimso
Munachimso

By Munachimso Obienyi

Emirates Airlines has announced the suspension of flight operations to Nigeria over its inability to repatriate trapped funds in the country.

This is the second time in less than 2 months the airline will be halting flight operations in Nigeria over the difficulty in repatriating its funds.

According to a monitored report from NwafoLive, this disclosure is contained in a statement issued by Emirates Airline on Thursday, saying that the suspension took effect from October 29, 2022.

The airline said it has communicated its position to the federal government and the Central Bank of Nigeria (CBN).

Emirates, in the statement, said despite promises and encouragements from the CBN to address its foreign exchange requests, no allocation has been made to them.

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