WorldRemit backs CBN on new USD bank account opening process

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WorldRemit backs CBN on new USD bank account opening process

By Nkiruka NNorom

MONEY MARKET

WorldRemit, a cross-border digital payments service, has expressed support for directive of   the Central Bank of Nigeria’s (CBN)   mandating banks in Nigeria to facilitate money transfers by opening domiciliary accounts   for those who currently do not have one.

Commenting on this development,   Gbenga Okejimi, Country Manager, Nigeria and Ghana, at WorldRemit, said: “We are very pleased by the CBN’s decision to mandate Nigerian banks to help citizens who do not have a dollar account by automatically providing this facility on their behalf. This development will make all the difference to those who receive support from family and friends abroad.

“For our part, we are excited by the fact that we can continue to enable the transfer of remittances to more people across Nigeria while also supporting the Nigerian government in its efforts to strengthen the economy. 

When our…



Source: Vanguard Newspaper