Repatriation Of Funds: Emirates Suspends Flight Operations In Nigeria

Emirates Airlines On Thursday Announced The Suspension Of Its Flight Operations In Nigeria From September 1, 2022.

It Said The Suspension Became Necessary Following Its Inability To Repatriate Its Funds From Nigeria.

International Carriers Operating In Nigeria Have Repeatedly Complained About Their Inability To Repatriate Funds To Their Home Countries.

They Have Raised This Concern On Many Occasions With Officials Of The Federal Ministry Of Aviation, As Well As Those At The Finance Ministry.

Blocked Funds Belonging To These Airlines Have Risen To About $600m, As This Is Due To The Inability Of The Central Bank Of Nigeria To Make The United States Dollar Available For The Carriers To Repatriate.