The Emirate Central Bank recently prohibited #Nigerians not working in the #UAE from possessing accounts in local, foreign banks. #Dubai
— Fidelis Mbah (@fidelisMbah) May 7, 2015
The United Aram Emirate, UAE Central bank this week enacted
a new policy prohibiting Nigerians who do not work in their country from
operating accounts in any of their local or foreign banks.
They stated that
this will prevent money laundering by Nigerian politicians which they claim has
become rampant.
They have reportedly closed accounts of all Nigerians not
working in the UAE and issued them cheques equivalent to the amount they have
in their accounts. All account holders reportedly have 5-working days to cash
their money..ooops
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