Visa Ban: UAE Extorting Money from CBN and Nigeria.

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A poorly thought-out plan to blackmail the government and the Central Bank of Nigeria is being used by the United Arab Emirates to threaten to restrict travel for Nigerians. The threat was attributed to airline funds that were trapped in Nigeria; this is according to a statement from the NEYLC by Ohanaeze Secretary-General and head of its secretariat, Nwada Chiama.

The United Arab Emirates’ threat to impose a visa ban on Nigerians, is an ill-conceived scheme; this is to blackmail the government and the Central Bank of Nigeria.

In a statement, it claimed that the UAE’s threat was brought on by airline funds that were trapped in Nigeria. ‘We boldly assert that this action aims to devastate our economy and bring about forex instability in our beloved nation’.

In August, the CBN released $110 million to international airlines; and on October 31 it is scheduled to release another $120 million.

Punch.

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