Report has it that the Central Bank of Nigerian (CBN) has forcefully halted all diaspora transfer to Nigeria.
This order was contained in an email WorldRemit, one of the renowned
online forex service company that helps Nigerians living abroad to send money
to family and friends. According to the financial services company, almost all
foreign money transfer operators are affected by this CBN directive.
Please read below the content of the email:
”Money transfer service to Nigeria suspended
Dear Client,
As you may have seen in the media, almost all international
money transfer operators have been forced to suspend transfers to Nigeria.
Unfortunately, WorldRemit is among them.
This has happened because of drastic and unforeseen action
taken by the Central Bank of Nigeria.
Our local partners have been told they can no longer process
transfers to bank accounts.
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There was no advance warning that this was going to happen
and the money transfer companies affected had no opportunity to appeal.
WorldRemit believes this action to be unfair and we are
currently contesting it.
In the mean-time, we are not able to accept new money
transfer requests to Nigeria.
We are working to complete all pending transfers. In the
limited number of cases where this is not possible, we will communicate with
you and arrange a refund.
Our mobile airtime service is unaffected.
If you have previously sent money to Nigeria with us, we
will provide updates on the situation by email.
Kind regards,
The WorldRemit team
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