Regulatory Alerts2006-11-29 | TED-FEM-GEN-FPC-01-08Year 2007 Hajj Pilgrimage - Re: Purchase of Pilgrims' Travelling Allowance (PTA) in Saudi Riyal Travellers' Cheques.
The Central Bank of Nigeria has notified the following details for the year 2007 Hajj pilgrimage: a maximum of 65,000 Muslims are allowed to perform the pilgrimage, each with an individual PTA (Pilgrims' Travelling Allowance) between US$500 and US$1,000 at an exchange rate of SR3.75 per US$. The president has approved a concessionary exchange rate of N120 to US$1 for PTA. Saudi Arabia Travelers Cheques will be used as payment method. Authorized commercial banks have been allocated specific numbers of pilgrims and respective banks responsible for each state are also mentioned."
Tel: 09-61637804 Fax: 09-61637802 November 22, 2006 Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja E-mail address:ted@cenbank.org TED/FEM/GEN/FPC/01/06 TO: ALL AUTHORISED DEALERS YEAR 2007 HAJJ PILGRIMAGE RE: PURCHASE OF PILGRIMS' TRAVELLING ALLOWANCE (PTA) IN SAUDI RIYAL TRAVELLERS' CHEQUES The following details are notified for the information of all Authorised Dealers in respect of the 2007 Hajj Operations.
-
The Federal Government has fixed the number of Muslims including officials, who are allowed to perform the Hajj pilgrimage in 2007 at 65,000 (Sixty five thousand).
-
Each pilgrim is entitled to a minimum of Five hundred United States Dollars (US$500.00) and a maximum of One thousand United States Dollars (US$1,000.00) at an exchange rate of SR3.75 per US$1 as PTA.
The president has also approved a concessionary exchange rate of N120.00 to US$1 for PTA.
-
The CBN will issue Saudi Travellers' Cheques (TCs) to the participating banks two weeks before the commencement of the Hajj Operations and thereafter debit the accounts of the banks with the value of the TCs issued immediately after the first airlift of pilgrims to Saudi Arabia.
-
Each of the designated banks must submit a report on the 2007 Hajj transactions to the Director, Trade and Exchange Department, Central Bank of Nigeria, Abuja, not later than one month after the conclusion of the Hajj Operations.
Accordingly, the schedule below has been approved for the conduct of year 2006/07 Hajj pilgrimage.
| ALLOCATION OF SEATS | |||
|---|---|---|---|
| S/N | STATE | ALLOCATION | DESIGNATED BANKS |
| 1 | Abia | 25 | Union Bank of Nigeria PLC |
| 2 | Abuja | 2,150 | Unity Bank PLC |
| 3 | Adamawa | 2,207 | Unity Bank PLC |
| 4 | Akwa Ibom | 36 | United Bank for Africa PLC |
| 5 | Anambra | 31 | First Bank of Nigeria PLC |
| 6 | Bauchi | 3,064 | Unity Bank PLC |
| 7 | Bayelsa | 139 | United Bank for Africa PLC |
| 8 | Benue | 303 | Unity Bank PLC |
| 9 | Borno | 2,660 | Union Bank of Nigeria PLC |
| 10 | C/River | 12 | First Bank of Nigeria PLC |
| 11 | Delta | 44 | First Inland Bank PLC |
| 12 | Ebonyi | 81 | Union Bank of Nigeria PLC |
| 13 | Edo | 270 | United Bank for Africa PLC |
| 14 | Ekiti | 105 | Union Bank of Nigeria PLC |
| 15 | Enugu | 19 | United Bank for Africa PLC |
| 16 | Gombe | 2,139 | Unity Bank PLC |
| 17 | Imo | 23 | United Bank for Africa PLC |
| 18 | Jigawa | 2,119 | Zenith Bank Plc |
| 19 | Kaduna | 6,137 | Unity Bank PLC |
| 20 | Kano | 7,000 | Unity Bank PLC |
| 21 | Katsina | 4,768 | i) Platinum Habib Bank Plc ii) United Bank for Africa Plc |
| 22 | Kebbi | 4,100 | Unity Bank PLC |
| 23 | Kogi | 648 | Unity Bank PLC |
| 24 | Kwara | 1,372 | Unity Bank PLC |
| 25 | Lagos | 3,500 | Union Bank of Nigeria |
| 26 | Nasarawa | 1,279 | i) Unity Bank Plc ii) First Inland Bank Plc |
| 27 | Niger | 4,236 | Unity Bank PLC |
| 28 | Ogun | 1,315 | First City Monument Bank Plc |
| 29 | Ondo | 188 | Unity Bank PLC |
| 30 | Osun | 711 | United Bank for Africa PLC |
| 31 | Oyo | 1,500 | i) Union Bank of Nigeria Plc |
| 3 | |||
|---|---|---|---|
| ii) Wema Bank Plc | |||
| 32 | Plateau | 436 | Unity Bank PLC |
| 33 | Rivers | 3 | Guaranty Trust Bank Plc |
| 34 | Taraba | 1,197 | i)Zenith Bank Plc ii) Unity Bank Plc |
| 35 | Sokoto | 5,064 | Oceanic Bank Plc |
| 36 | Yobe | 1,608 | Unity Bank PLC |
| 37 | Zamfara | 4,193 | Unity Bank PLC |
| 38 | Armed Forces | 300 | Unity Bank PLC |
| TOTAL | 64,983 |
O. O. AKANJI (MRS.) DIRECTOR TRADE & EXCHANGE DEPARTMENT