The Central Bank of Nigeria (CBN), Mr Godwin Emefiele has announced that the new CBN policy to improve the Diaspora remittances into the country takes effect on December 4.
Emefiele made this in his remarks on “Improving remittance Inflows into Nigeria” obtained from the apex bank’s official website, Friday.
He said that policy measures were designed to boost and facilitate an efficient flow of remittances sent home by Nigerians in the Diaspora.
“In an effort to liberalise, simplify and improve the receipt and administration of the Diaspora remittances into Nigeria, CBN wishes to announce as follows:
“Beneficiaries of Diaspora Remittances through International Money Transfer Operators (IMTOs) shall henceforth receive such inflows in foreign currency (U.S. Dollars) through the designated bank of their choice.
“Such recipients of remittances may have the option of receiving these funds in foreign currency cash (U.S. Dollars) or into their ordinary domiciliary accounts.
“These changes are necessary to deepen the foreign exchange market, provide more liquidity and create more transparency in the administration of Diaspora Remittances into Nigeria,” he said.
Emefiele said that the changes would help finance a future stream of investment opportunities for Nigerians in the Diaspora, while also guaranteeing that recipients of remittances would receive a market-reflective exchange rate for their inflows.
“All Authorised Dealers and the general public should note that beneficiaries shall have unfettered access and utilisation to such foreign currency proceeds either in FX cash and/or in their Domiciliary Accounts,” he said.
He, however, said that some of the stakeholders had tried to frustrate the new policy measures, adding that the apex bank would resort to stiffer measures to ensure its implementation.
“In the course of following up on the implementation of the aforementioned new policies, the CBN observed some pushback by some of the International Money Transfer Operators (IMTOs) who were bent on undermining the new policies.
“This was the reason the CBN had to insist that all DMBs must close all Naira General Ledgers through which the Naira remittances were hitherto being carried out.
“In an effort to enable smooth implementation of the policy, the CBN has engaged with the commercial banks and the IMTOs to ensure that recipients of remittance inflows are able to receive their funds in the designated foreign currency of their choice.
“As a result of these engagements, which took place with major IMTOs and the Deposit Money Banks (DMBs), the stakeholders have committed that they would deploy all the necessary tools to ensure that these measures become effective from Friday, December 4.
“I, therefore, seize this opportunity to announce to Nigerians both at home and in the Diaspora that the policy of recipients receiving their monies from abroad kicks off on Friday,” he said.
Emefiele said that the changes came as a result of the bank’s internal review of the operations of IMTOs and the potential impact improved flows could have on the economy.
He said that the IT systems of the IMTOs (Western Union, Moneygram and Ria services) and the DMBs had been configured to begin such remittances.
He said that the new policy measures would help in providing a more convenient channel for Nigerians in the Diaspora to remit funds back to Nigeria.
“We will also ensure that these funds can contribute to the overall development of our economy,” he assured.
Cleric Wants Review Of Retirement Age For Civil Servants To 70
Rev. Fr. Godfrey Gopep, Parish Priest of St. Finbarr’s Catholic Church, Rayfield, Jos, has appealed to the Federal Government to review the retirement age for civil servants from 60 to 70 years.
Gopep made the plea in his sermon yesterday in Jos, adding that such move would address some of the challenges that retirees in the country were currently facing.
The cleric, who decried the rising spate of unemployment in the country, added that the move would also reduce incidences of falsification of age by people in order to be employed.
He added that it would also enable those who would be employed late to enjoy some good years in service before retiring.
“Because of scarcity of jobs and high rate of unemployment in the country, most people get to be employed are in their 40s.
“So, I want to call on the Federal Government to review the retirement age of civil servants from 60 to 70 years.
“If this is done, those who get employed a bit late can also have a enough time to contribute their quota to the development of the nation.
“It will also curtail the act where people have to reduce their ages just so that they can get employed and also spend some good years in service,” he said.
Gopep called on government at all levels to create job opportunities in the country and an enabling environment for private sector to thrive so as to create jobs as well.
Lalong Seeks End To Divisive Actions Among Nigerians
Plateau State Governor, Simon Lalong, yesterday urged Nigerians to shun divisive actions such as hate speeches and fake news for the peace and unity of the country.
The governor made the call at an interdenominational church service in Jos to mark the 61st Independence of Nigeria.
He said such acts were inimical to the nation’s progress, adding: “we must come together and solve our problems because no one can build Nigeria for us.’’
He said the country’s challenges, especially insecurity, would be overcome and urged Nigerians to be grateful for the country’s progress so far in spite of the challenges.
“God has indeed been faithful to Nigeria and we must be grateful,’’ he said.
Governor Lalong said also that Nigeria was blessed with abundant human and natural resources, but required unity, tolerance, sincerity, loyalty and patriotism to maximise such resources for its development.
According to him, commitment from the leadership and followership was critical to achieve the feat.
“There is no nation which is great today that has refused to embrace diversity, tolerance, excellence, good work ethics, and a national philosophy that is based on honesty, reward for hard work and punishment for deviance,’’ he said.
He added that Nigerians were known as a highly religious people which should be demonstrated by showing love to all irrespective of ethnic, religious or political differences.
“We must stop being religious and start being godly,’’ the governor stressed.
He noted that the security challenges were setbacks Plateau’s Progress and assured the people that he was determined to put an end to them while calling for the cooperation of residents especially religious and community leaders to achieve the objective.
“I call on you to play your part in securing your immediate community and giving prompt information to security agencies to be able to act appropriately,’’ he said.
He also called on Nigerians to intensify prayers and vigilance as security agencies and government worked towards defeating perpetrators and sponsors of crises.
Governor Lalong assured Plateau people that the Oct. 9 local council polls in the state would be conducted peacefully.
In his homily, the Deputy Chaplain of Government House Chapel, Rev. Ezekiel Dewan, admonished Nigerians to shun negative narratives as there is power in the tongue.
He called for prayers for God’s intervention and mercy on Plateau and on Nigeria, as God instructs his people to not only pray for their leaders, but also for the cities they live in.
Special prayers were conducted for leaders, governments and the nation at the service.
Why I Shunned APGA Guber Campaign Flag-Off-Bianca Ojukwu
Mrs Bianca Ojukwu said in Awka yesterday that she shunned Saturday’s flag-off of APGA governorship campaign to protest “post-mortem disrespect’’ to her deceased husband.
She laid the blame of the “post-mortem disrespect’’ to Dim Chukwuemeka Ojukwu on the doorstep of APGA’s leadership.
Prof. Chukwuma Soludo and Dr Ifeanyi Ibezim, APGA’s governorship and deputy governorship candidates, respectively, kick-started their 2021 campaign at on Saturday.
Bianca was conspicuously absent at the event unlike previous mega political activities held by APGA, a party that branded late Ojukwu as the spiritual leader of the party.
Another obvious sign which made some political observers note that there was serious crack in the party was the removal of Ojukwu’s image on the customised uniform of APGA worn by people at the event.
Some party faithful, however, wore the old uniform bearing the image of the Eze Igbo Gburugburu, Dim Ojukwu, to the event.
Bianca described as an affront, the treatments to her late husband by the present leadership of APGA.
“It is an irony that today Governor Willie Obiano has resuscitated Dim Ojukwu’s pictures for use in campaigning for the upcoming elections in Anambra.
“This is the height of opportunism and hypocrisy. Is Ojukwu not the same man Obiano once described as a dead man who was no longer relevant to the party?
“Why should I permit him to keep trampling on the legacy of my late husband who put his heart and soul into this party?
“Ojukwu should not be like a light switch to be turned on for party campaign, and turned off once the election is won,’’ she said.
The former Nigerian ambassador to Spain, expressed displeasure at the decision of APGA’s leadership to expunge her husband’s image from APGA uniform and other insignia of the party.
“It is most unfortunate that Gov. Obiano decided to remove the picture of Ojukwu and replace same with his picture just to drive home his statement that `he would no longer tie the fate and fortunes of APGA to the memory of a dead man’, obviously in reference to my husband,’’ Bianca said.
She listed other ill-treatments meted to her and the deceased husband and maintained that her presence at Saturday’s flag-off would have been an endorsement to the defrauding of scores of aspirants by the party during the party’s primary in the year 2018.
“It is unfortunate that the same APGA election managers that were responsible for the disastrous 2018 party primaries which resulted in severe damage to the party’s brand were also left to handle APGA’s campaign flag-off.
“Any political party that consistently robs its own members will not endure, APGA inclusive,’’ she noted.
She also lamented that the report of the Sen. Victor Umeh-led Peace and Reconciliation Committee that visited her in Enugu few weeks ago which pointed the way forward for APGA, had been discarded by the governor and the party leadership.
Bianca, however, indicated that she remained hopeful that in spite of APGA’s current travails that the party has a fair chance of producing the next governor of the state.
She described the party as presently constituted as a field of ‘sorrow’ for so many walking wounded…from aggrieved aspirants, party members at the grassroots, as well as party stakeholders.
Reacting to Bianca’s charges, Mr C-Don Adinuba, Director Media, Soludo Governorship Campaign Organisation, said that the omission of Ojukwu’s image on APGA uniform was not a ploy to insult late Ojukwu and his family.
“It was a mistake by the person who handled the recent uniform the party printed,’’ he said.
Adinuba who is also Anambra Commissioner for Information said he was confident that Bianca had nothing against Prof. Soludo as APGA’s candidate.
“I am sure that in the next couple of days Bianca will join the campaign tour of Prof. Soludo,’’ he said.
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