Regulatory Alerts2004-12-30 | TED/AD/01/2005Requirements for New Banking License
This letter is a notification sent to all authorized dealers regarding the 2005 Hajj Pilgrimage and the purchase of pilgrims' traveling allowance (PTA) in Saudi Riyads traveler's cheques. It provides an updated table of additional numbers of pilgrims from various states, along with their respective allocation for the PTA. The letter reiterates that all conditions on the sale of PTAs remain in effect and must be complied with accordingly. The Director of Trade & Exchange Department, O.O. Akanji (Mrs.), is signing off on this correspondence.
09 61637804 09 61637802 E-mail address:ted@cenbank.org Our Ref: TED/AD/149/2004 December 21, 2004 TO: ALL AUTHORISED DEALERS YEAR 2005 HAJJ PILGRIMAGE RE: PURCHASE OF PILGRIMS' TRAVELLING ALLOWANCE (PTA) IN SAUDI RIYADS TRAVELLERS' CHEQUES Further to our circular Ref: TED/AD/147/2004 of December 15, 2004 on the above subject, Authorised Dealers are hereby notified of additional number of Pilgrims from various states of the Federation as indicated in the Table below:
| 2005 HAJJ: STATES MUSLIM PILGRIMS WELFARE BOARDS/AGENCIES CHOICE OF BANKS FOR PILGRIMS TRAVELLING ALLOWANCE | |||||
|---|---|---|---|---|---|
| S/NO | STATE | ORIGINAL | NEW | DIFFERENCE | CHOICE |
| ALLOCATION | ALLOCATION | OF BANK | |||
| 1 | TARABA | 873 | 1,000 | 127 | BON |
| 2 | BAUCHI | 2,653 | 2,700 | 47 | BON |
| 3 | KOGI | 349 | 550 | 201 | FBN |
| 4 | NASARAWA | 970 | 1,500 | 530 | BON |
| 5 | OGUN | 1,500 | 2,000 | 500 | FCMB |
| 6 | OSUN | 441 | 1,000 | 559 | UBA |
| 7 | BAYELSA | 60 | 100 | 40 | STB |
| 8 | NIGER | 3,566 | 3,900 | 334 | BON |
| 9 | DPA Abuja | - | 650 | 650 | BON |
For the avoidance of doubt, Authorised Dealers are to note that all the conditions on the sale of Pilgrims Travelling Allowance as stated in our circular under reference are applicable. Please ensure compliance, accordingly.
O. O. AKANJI (Mrs.) DIRECTOR TRADE & EXCHANGE DEPARTMENT