President Issias Afwerqi has ordered his economy czar to pull all the money of Eritrean citizens and associations that is deposited under its account both in Europe and US and transfer it to Banka Nationale del Lavoro, an Italian bank, Eritrean nationals close to the regime disclosed. Sources in Asmara has also confirmed this indicating that the President has given this executive order in October last year but failed to implement it due to the resistance from his ambassadors. According to the same source, several ambassadors resisted the measure and advised the President to hold on the action for fear that it could raise a legal battle between their respective offices and Eritreans who would be losing their money under this scheme.

President Issias Afwerqi has ordered his economy czar to pull all the money of Eritrean citizens and associations that is deposited under its account both in Europe and US and transfer it to Banka Nationale del Lavoro, an Italian bank, Eritrean nationals close to the regime disclosed. Sources in Asmara has also confirmed this indicating that the President has given this executive order in October last year but failed to implement it due to the resistance from his ambassadors. According to the same source, several ambassadors resisted the measure and advised the President to hold on the action for fear that it could raise a legal battle between their respective offices and Eritreans who would be losing their money under this scheme.