CENTRAL BANK APPROVES 11 MORE INTERNATIONAL MONEY TRANSFER OPERATORS

The Central Bank of Nigeria CBN has approved 11 more international money transfer operators IMTOs to transfer funds into and out of Nigeria.

This is sequel to its recent warning issued to the public to beware of unlicensed IMTOs making inroads into Nigeria.

The new IMTOs, according to CBN:s acting director. Corporate Communications, Isaac Okorafor , are:

1. Transfer fast remittances LCC

2) Worldremit ltd

3) UAE exchange centre LCC

4) Wari ltd

5) Home send SCRI

6) Small world financial services group ltd

7) Weblink international ltd

8) Cashpot ltd

9) D T & T corporation Ltd

10) FIEM group LCC DBA ping express

11) C P express ltd.

Hitherto, following the panic that followed its warning about fake operators, the CBN had later assured that there was still room for the licensing of new IMTOs provided they meet long established criteria.

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