The Emirate Central bank has 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 say this is to prevent money laundering by Nigerian politicians which they claim has become rampant.
According to a twitter user, accounts of several Nigerians not working in the UAE has been closed and the account owners issued with cheques equivalent to the amount being deposited or left in the accounts.
All account holders reportedly have 5-working days to cash their money.
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
Some #Nigerian politicians have been hiding under the pretext of paying children school fees to smuggle millions of dollars into the #UAE.
— Fidelis Mbah (@fidelisMbah) May 7, 2015
JUST IN: #Dubai banks are reportedly closing accounts of #Nigerian politicians, students and business operators in #UAE.
— Fidelis Mbah (@fidelisMbah) May 7, 2015
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Go To Original Post Dubai Banks Closing Accounts Of Nigerian Politicians In The UAE Over Money Launderingvia 36NG | www.36ng.com.ng - Pop of Nigeria created by Segun and Lala
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