The 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. And now, they have 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 have 5-working days to cash their money.
Someone from the UAE Ministry of Finance said the move is to prevent money laundering by Nigerian politicians which they say is becoming rampant. See more tweets after the cut..
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