Sunday, May 13, 2012

US Banks Freeze Nigerian Embassy Accounts Over Suspicious Use Of $3.6million

Two American banks have reportedly placed an embargo on accounts belonging to Nigeria missions in New York and Washington D.C., according to a report yesterday by, a web-site news publication. According to sources familiar with on-going investigations initiated by two leading American banks, Bank of America and Wells Fago, the Nigerian missions, the country’s Embassy In Washington D.C and the permanent mission to the United Nations had their accounts frozen following the failure of Nigerian diplomatic officials to satisfactorily explain suspicious use of a total of $3.6 million sums, wired through separate accounts with the two banks.

Sources familiar with the “critical investigations” that the officials of the two banks suspected that accounts belonging to the two missions might have been used as conduits for laundering and other unscrupulous activities.

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