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Browsing: Illegal movement of gold from Nigeria
The United Arab Emirates (UAE) has partnered with the Federal Government of Nigeria to bring to an end the illegal gold trade.
The two countries have agreed to track the huge illegal movement of gold from Nigeria to Dubai.
Illegal movement of gold
Reports indicate that there has been illegal movement of huge quantities of gold from Nigeria to Dubai on a daily basis.
The gold, according to the reports, has been passing through UAE police freely and unknown to them that royalties have not been paid to Nigeria.
The disclosure on the partnership between UAE and Nigeria was made by the Minister of Mines and Steel Development, Mr Olamilekan Adegbite.
Bilateral agreement
According to Adegbite, the Nigerian government is currently negotiating a bilateral agreement with the UAE to check every gold entering Dubai from Nigeria.
The agreement made with the Midle East country will see any gold from Nigeria …