Emirates Airlines said it will suspend all flights in and out of Nigeria effective from first of next month.
At least, eight hundred million dollars of over 20 foreign airlines has been blocked in Nigeria since the beginning of the year.
Emirates had about two weeks ago said that out of these funds, it had about eighty five million dollars in Nigeria.
The airline had on Monday cut its eleven 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 proved abortive and it was compelled to take the decision.