Thursday, 7 May 2015

Nigerian's bank account seized in United Arab Emirate



The UAE Central Bank this week passed a new rule barring Nigerians who do not work in their country from operating accounts in any of their local or foreign banks.
It was said that this is to avoid money laundering by Nigerian politicians who they claim has become widespread.

Now, they have supposedly closed accounts of all Nigerians not working in the UAE and delivered them cheques equal to the sum they have in their accounts.
All account holders reportedly have 5-working days to take their money.

If their intention is actually to stop money laundry, then good. My fear is that it could be another way to start telling Nigerians to go .

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