Emirates A380
AviationBusinessFeaturedHighlightTrending Story

With its $85m trapped in Nigeria, Emirates Airline suspends flights to Nigeria

346

Following the non-repatriation of its $85 million funds from Nigeria, Emirates Airline says it will suspend flight operations in and out of the country.

The airline had announced few weeks ago that its trapped ticket sales fund had been trapped in Nigeria and could not repatriate it to the United Arab Emirates (UAE).

Persecondnews reports that the airline in a statement on Thursday said that it would suspend flights from Nigeria effective September 1, 2022.

At least, $600 million belonging to 20 foreign airlines has been blocked in Nigeria since the beginning of the year as a result of foreign exchange crisis.

Emirates had about two weeks ago said that out of the funds, about $85 million belongs to it.

The airline had on Monday cut its 11 weekly frequencies into Lagos Airport to just seven.

A statement by the media consultant to the airline in Nigeria alleged that all efforts to repatriate the funds had been unsuccessful and it was compelled to take the decision of suspending all flights into the country.

”Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.

”Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.

”We sincerely regret the inconvenience caused to our customers, however the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible.

”Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision.

“We remain keen to serve Nigeria, and our operations provide much needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai and to our broader network of over 130 destinations,”‘ the airline said.

Read Also: Nigeria’s inflation rate jumps to 19.64%

Leave a comment

Related Articles

Just in: For umpteenth time, national power grid collapses

Nigeria’s national power grid experienced another collapse on Tuesday, losing power generation...

CONUA to FG: Settle out withheld salaries, allowances, third-party deductions

The Congress of University Academics (CONUA) has called on the federal government...

Tinubu’s N200bln intervention fund seeks to eradicate poverty in Nigeria – Gov. Sani

Governor Uba Sani of Kaduna State has said that President Bola Tinubu...

Guardiola admits Manchester City’s struggle amid injury crisis

Manchester City manager Pep Guardiola has acknowledged that the club will struggle...

Pres.Tinubu Unveils Ambitious Plan to Revamp Nigeria’s Dilapidated Stadiums

The Chairman of the National Sports Commission, Mallam Shehu Dikko, has outlined...

Just in: 63-year-old Ekiti Chief Judge, Adeyeye, dies

Justice Oyewole Adeyeye, the Chief Judge of Ekiti State, has passed away....

Equatorial Guinea govt introduces CCTV in offices amid sextape scandal

Following sextape scandals, Equatorial Guinea’s Vice President, Teddy Nguema, has announced plans...

Election Day Showdown: Harris and Trump Hold Duelling Rallies as Polls Reach Dead Heat

Kamala Harris and Donald Trump held rival rallies on Monday, the final...

$26bln African Atlantic Gas Pipeline Project Gains Momentum

The federal government, in collaboration with the Economic Community of West African...

N1.3trn fraud: EFCC arrests, grills ex-Delta Gov. Okowa

A former Delta State Governor, Ifeanyi Okowa, has been apprehended by the...

Equatorial Guinea government official embroiled in sextape scandal

Mr. Baltasar Engonga, Director General of the National Financial Investigation Agency (ANIF)...

CAF ruling against Libya: Nigerian govt. promises to protect its citizens in Libya

Nigeria’s Ministry of Foreign Affairs has reaffirmed the federal government’s commitment to...

Polaris Bank wins “Best Mobile App” award at Digital Jurist Awards 2024

For its commitment to digital innovation and excellence, Polaris Bank has again...

Updated: After six years of injustice, Nigeria’s ex-Chief Justice, Onnoghen, finally gets justice

The Court of Appeal, Abuja Division, on Monday, overturned the conviction of...

Flood sacks 4 Anambra council areas as Soludo activates 27 IDP camps

By Emmanuel Ndukuba, Awka Floods have devastated four local government areas in...

Four-month salary: NASU, SSANU secure irrevocable commitment from FG, suspend strike

After a six-day strike, the Joint Action Committee (JAC) of non-teaching staff...

Three radio stations in Abia destroyed by mysterious fire

A mysterious fire has hit three radio stations in Abia in Abia...

Seven new ministers for inauguration on Monday, Nov. 4

President Bola Tinubu will preside over the oath-taking of seven new ministers...

Youth shot dead for playing football near VIP’s house

A 70-year-old man, Mr. Stephen Irobunda, has escaped a mob action in...

Renowned Nigerian filmmaker, director Dimeji Ajibola is dead

Dimeji Ajibola, the acclaimed Nigerian filmmaker behind the popular series Shanty Town,...