Swiss banks now require proof of earned money before accepting deposits from Nigerians

The age of money laundering in Nigeria might be coming to an end with the emergence of Gen. Buhari as Nigeria’s President-elect and the support of the Swiss government.

The Swiss Ambassador to Nigeria, Mr Hans-Rudolf Hodel, said depositors will have to prove they earned any money they intend to deposit in any Swiss bank accounts.

Hodel stated this during an interaction with newsmen after paying a courtesy visit to the Nigerian President-elect, retired Maj.-Gen. Muhammadu Buhari, in Abuja on Monday.

 ``The situation in Switzerland has changed. The policy is no longer the same. In the past, people came to deposit money in Switzerland without too much controversy.

 ``Now, it is not possible to deposit money in Switzerland because of legality of its origin ...before you deposit money in a Swiss bank, you have to prove that you have earned that money legally.

 ``Also, no one can deposit huge amounts in Switzerland without legal proof.

 ``This is a long standing issue. Our laws are there to help all countries which are fighting corruption. We will help this government.

 ``If you are a wealthy businessman, you have money in billions legally.

 ``But if, for example, as a journalist, you come to Switzerland with two million dollars and say you earned it because you did a very good job, nobody will believe you.’’