2008-01-24 | TED-FEM-FPC-GEN-01-009-08

Year 2007 Christian Pilgrimage: Purchase of Pilgrims Travelling Allowance

In January 2008, the Nigerian Central Bank announced that a maximum of 25,000 Christians would be permitted to undertake a holy pilgrimage to Israel in 2007. Each intending pilgrim was allowed to purchase a minimum of US$750 and a maximum of US$1,500 as personal travel allowance (PTA) at the prevailing market rate. Designated banks including Bank PHB, UBA, Zenith, FirstBank, Union, Skye, Unity, Fidelity, Oceanic, Afribank, GTBank, First Inland, Intercontinental, FCMB, provided PTA to pilgrims through specific branches assigned by the Nigerian government. The purchase of PTA had a two-week reporting deadline and no tax clearance certificate or international air ticket was required for purchasing PTA due to the charter flight arrangements.

Nigeria

Central Bank of Nigeria

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