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 .
