UAE government has enacted a new policy prohibiting
Nigerians who do not work in their country from operating in any of their local
or foreign banks. UAE government wants to prevent money laundering by Nigerian
politicians and scammers which the country claim has become rampant.
According to reports, Banks in Dubai have reportedly closed
accounts of Nigerians and issued cheques equivalent to the amount they have in
their accounts. Reports also have it that all account holders have 5 working days
to cash their money.
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