This week, reports says Nigerians who do not work in the UAE have been prohibited from owning accounts in any of their local or foreign banks in the new policy enacted by The UAE Central Bank. Reason they say is to prevent money laundering which has become rampant by Nigerian politicians.
Informations say that accounts belonging to Nigerians not working there has been closed and cheques equivalent to the amount they have in their accounts issued.
All account holders reportedly have 5- working days to cash their money. See a screenshot of the tweets below:
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