- July 21, 2021
- Posted by: adminer
- Category: International, Trade and Industry
Nigeria in collaboration with the United Arab Emirates (UAE) has agreed to track huge illegal movement of gold from Nigeria to Dubai.
Mr Olamilekan Adegbite, Minister of Mines and Steel Development, announced Nigeria government is currently negotiating a bilateral agreement with the UAE to check every gold entering Dubai from Nigeria.
He noted that huge quantity of gold were being moved from Nigeria illegally on a daily basis to Dubai, adding that the gold passed through UAE police freely unknown to them that royalties were not paid to Nigeria.
“The UAE collect their own charges on gold that arrived in Dubai airport but Nigeria government has told UAE to ask anyone entering Dubai with Nigeria gold to present certificate of exportation got from Nigeria before allowing them to pass.