Nigerian journalist, Fidelis Mbah, just reported that a new policy
has been enacted by UAE Central Bank prohibiting Nigerians not working
in their country from operating accounts in any of their local or
foreign banks. It’s said to be a move to
prevent money laundering by Nigerian politicians which, according to them, is on the astronomical rise lately.
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Accounts of Nigerians not working in UAE have now been closed with
cheques that must be cashed within 5-working days issued to account
owners.
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