ERAD

BREAKING: The UAE has begun canceling residency visas for all Iranian nationals currently outside the country, including golden visa holders who own property and companies. Iranian schools closed. The Iranian hospital in Dubai shuttered. The consulate ordered to reduce to minimum staff. Repatriation running through Afghanistan via Herat. Iran International confirmed March 28. The IranianUAE portal verified the scope expanded March 27 to include property owners and company registrants with ten-year golden visas. Here is the insight nobody has written. For thirty years, Dubai was Iran’s back door to the global financial system. When sanctions locked Tehran out of SWIFT, Iranian money flowed through Dubai’s free zones, currency exchanges, and shadow companies to access dollars Washington denied. The WSJ reported March 5 that the UAE is exploring freezing billions in Iranian-held assets in these structures. Not the $530 billion Tehran Times claimed in propaganda inflation. Billions. Targeted. The arteries of a parallel financial system that kept the Islamic Republic liquid for decades. The UAE is now cauterising those arteries with visa cancellations and asset freezes. Iran built two financial operating systems. The first was the Dubai back door: dollar-denominated, SWIFT-adjacent, running through free zones and golden visa holders who served as nodes in a sanctions-evasion network. The second is the Hormuz front door: yuan-denominated, CIPS-routed, running through the Larak toll regime being codified into law. The war is destroying the first and accelerating the second simultaneously. The dollar back door is closing. Schools shut. Hospital shuttered. Consulate downsized. Visas canceled. Assets frozen. Every currency exchange that processed dollar transactions for sanctioned entities is a target. Every golden visa holder who served as beneficial owner for a shell company is stateless outside the country. The yuan front door is opening. The Larak toll booth collects in yuan via CIPS. The legislation advances. The IRGC escorts approved vessels. The system does not require Dubai. The system does not require dollars. The system requires only Iranian control of 21 miles of water. Iran’s financial centre of gravity is migrating from Dubai to Hormuz. From free zones to a chokepoint. From SWIFT-adjacent dollar flows to CIPS-routed yuan flows. From an architecture requiring Emirati hospitality to one requiring only territorial control over water. The UAE did not intend to accelerate de-dollarisation. It intended to punish Iran. But the punishment eliminates the dollar back door while the war builds the yuan front door. Iran’s financial system is being forcibly migrated from one currency to another by the combined actions of its enemies. Read this against the intercept count. The UAE has engaged 398 ballistic missiles and 1,872 drones since February 28. The nation absorbing those strikes is dismantling the financial infrastructure its attacker used to survive sanctions for thirty years. The flag of the Islamic Republic has been physically removed from the Iranian hospital building in Dubai. This is not a visa policy. This is the severing of a financial umbilical cord. And the severing happens at the exact moment Iran is building a replacement cord that runs on yuan through a chokepoint instead of dollars through a free zone. The financial geography of the Middle East is being redrawn. The kinetic war destroys military targets. The financial war destroys the infrastructure that kept Iran connected to dollars. The replacement, built from necessity at Larak, runs on a different currency entirely. Dubai was the dollar door. Hormuz is the yuan door. The war closed one and opened the other. Neither side planned it that way. open.substack.com/pub/shanakaans…

@SirJarus ….but remember that whatever is prepared by PWC or/and KPMG only serves as evidence for Templar and UUBO 😊

I personally will trust a tax advice from a KPMG or a PwC than a tax advice from a Templars or UUBO if I have both on my table. But I know KPMG or PwC cannot represent me in court in a tax matter, but I will get their advice first before approaching a law firm.

@ChelseaFC 75% is said to be covered with water but Kante covers the rest on the football pitch.Congrats & happy birthday,Mate

Happy birthday, N'Golo Kante! 💙

@SirJarus You should be worried if they are making huge profit!

1. I'm not a taxman. Tax man is usually used for tax authorities (ie government workers in tax agencies). I am a tax professional. 2. That said, am I, who do not work in ICAN and do not see their records, expected to say they don't make losses if they say they do? 3. What is ICAN selling that it will make profits? Is it a business or a non-profit professional body?

@asemota How come you ‘walked away’ from tech after doing so much heavy lifting?

This integration took us almost a year at the time, and the client saw it as very strategic, but shortly afterwards, WU became irrelevant in Africa. I remember arguing stupidly with someone here that Western Union would win big after this integration. DNA, sadly, is everything, and startups do it better. Fintech has changed Africa in many ways we don't realize. I was talking to someone opening up a new remittance corridor earlier this week, and I told him not to waste time because things change very rapidly.

@docneto …’agbero’ ni won 😊!

Why is a pilot hanging out of the cockpit of a commercial jet?

@ChiefPEPESU @SirJarus Okay

@OSAMO1 @SirJarus Sometimes it won't, like he STATED, a "decent" appointment - which is, it comes from criteria of what you've achieved outside politics.

1. I don't have the money you think I have. Forget Twitter. 2. Money doesn't stop people from stealing. Matter of fact, most politicians had money before they joined politics. Diezani, for example, was an Executive Director in Shell. 3. I don't think I will go into politics. I don't think I have the energy. I may however take a decent political appointment. But running around for elections and elective politics, not sure I have that energy.

@NaijaFlyingDr Is Herbert the UBO?

The primary reason Herbert Wigwe appeared on this list is a matter of structure, not necessarily total wealth. It is really rare for a billionaire to acquire 106 individual properties in this manner.

@Rufyb 😂

This is not how we will build a $1trn economy sha if people won’t have light for weeks because of gas shortage/outage. Gbogbo ounje lo ti b’aje.

@asemota 👏🏿

@OSAMO1 Ah! The Nimbus 2026!!

My friend is having his wedding in Egypt during this precarious period. I have done permutations and combinations of the best routes and airlines, but my family says I should sit my ass at home. 😭🥴🥴

@HonShield …another dimension!

What if all those properties linked to Wigwe in the UK were held in trust by him for our politicians? 🤔

BREAKING: Air Peace will resume monthly direct flights from Lagos to Barbados via Antigua, beginning May 24, 2026

@gkbalogs Greed and Conspiracy!

What's the story behind your worst business failure?

@FinPlanKaluAja1 Scenario building won !

Saudi Arabia deserves an award for strategic planning One strait closes, one pipeline opens.

How does the swearing in of a new govt and removal of subsidy rendered useless the data you gathered ? Are there no scenarios built into your study? What are the peculiar industry or sectoral blackswan that rendered your study useless? My asking is to help others avoid similar pitfall.

Morris, I was working as the Southwest Operations Officer (Regional Manager) for Journeyman. An online transport company that provides transport details across Nigeria. We gathered data from all transport companies & motor parks in over 10 states, to begin operations.

@MIKassim Maybe ,NEPA is just a ‘Demon’!

First class Acconting Ican Cibn Team lead PWC First Atlantic bank fincon and chief inspector Standard chartered regional head First bank ED NIBBS chairman FIRS board Amcon board NIRSAL board NSPMC board Cbn deputy governor All this reduced to a failure and face of darkness

@MasterBolaji I think there is more to it.Crude availability is a limiting factor , and when you are dealing with a finite constraint,rationing becomes inevitable .Let us wait and hear from other parties.

There’s a serious problem between NNPC and Dangote Refinery. Since October last year, Dangote hasn’t received enough crude from NNPC, while NNPC continues to sell oil abroad. This shortfall has hurt the refinery, which has been struggling to operate at full capacity ever since.

@FinPlanKaluAja1 For Frontier economy like Nigeria,most leading EXIMs will require sovereign or sub-national guarantees before commitment.

Government will give you contract Government will borrow money for you to do contract Government will guarantee the borrowing