Regulatory Alerts2011-11-04 | TED.FEM.FPC.GEN.01.026Year 2011 Christian Pilgrimage Purchase of Pilgrims Travelling Allowance
The Nigerian Central Bank notifies all authorized dealers and the general public that the Federal Government has approved commencement of the 2011 Christian pilgrimage to Israel and Rome. A concessionary rate of N135 per US dollar will be offered as Personal Travelling Allowance (PTA) for up to $750 for those traveling to Israel, and up to $1,000 for those traveling to Rome/Greece. The designated banks are required to sell this PTA in travelers' cheques to pilgrims whose names are included in the approved list and passport numbers. However, no tax clearance certificate is needed, and state pilgrim boards can collect PTA on behalf of their constituents upon presentation of the approved list and passports. Travel visas will only be issued at entry points, Ben Gurion Airport in Israel and Fiumichino Airport in Rome, and air ticket requirements have been waived. Infractions or abuses may attract appropriate penalties.