News · CBN · 1 Dec 2015 · TED.FEM.FPC.GEN.01.034
The Central Bank of Nigeria has announced the commencement of the 2010 pilgrimage to Israel, allowing intending pilgrims to purchase a maximum US$1,000 Personal Travel Allowance (PTA) at a concessionary rate. Purchasable from authorized banks like Zenith Bank, Fidelity Bank, Diamond Bank, and more, these PTAs must be acquired in the form of Traveller's Cheques or foreign currency denominated in USD or Euros. This initiative is part of the country's ongoing efforts to facilitate travel for pilgrims while managing forex risks.
TRADE & EXCHANGE DEPARTMENT
09 46237825 09 46237809 Fax :.
E-mail address:ted@cenbank.org November 5, 2010 TED/FEM/FPC/GEN/01/034 TO: All Authorised Dealers/General Public YEAR 2010 CHRISTIAN PILGRIMAGE PURCHASE OF PILGRIMS TRAVELLING ALLOWANCE The following details are notified for the information of all Authorised Dealers and the general public.
The Federal Government has approved commencement of the 2010 pilgrimage to Israel. The Government has also approved the purchase of a maximum of US$1,000.00 (One thousand US Dollars only) at a concessionary rate of N135.0 to the US Dollar by each intending pilgrim as Personal Travel Allowance (PTA). The PTA can be purchased at any of the underlisted designated banks:
Zenith Bank Plc 1)
Fidelity Bank Plc 2)
3)
Bank PHB Plc Diamond Bank Plc 4)
FCMB Plc 5)
First Bank Plc 6)
UBA Plc 7)
Union Bank Plc 8)
Equitorial Trust Bank Ltd 9)
Tel :..
The designated banks are required to sell the permissible amount of the PTA in Travellers' Cheques to intending pilgrims, whose names and passport numbers are included in the pilgrims' master list.
No pilgrim should be denied the travel allowance on the ground that he/she has no Tax Clearance Certificate. In view of the time constraint associated with pilgrimage exercise, the Chairman or the Secretary of each State Pilgrims' Board, after due identification, may be allowed to sign for and collect the PTA on behalf of the intending pilgrims in his/her State on presentation of the approved list and valid passports of the pilgrims listed against his state.
In accordance with the Israeli and Italian Governments' Policies, visa shall only be issued to the pilgrims at the point of entry, that is, at Ben Gurion Airport, Tel Aviv, Israel and Fumichino Airport, Rome, Italy, on arrival. It should also be noted that the pilgrimage will be by chartered flights.
Therefore, in view of paragraph 4 above, air ticket and visa requirements for the purpose of procuring the stipulated PTA have been waived. However, an endorsed copy of each pilgrim's passport should be retained by the bank for record purposes.
The ten designated banks are advised to contact the Director, Banking &
Payment Systems Department, Central Bank of Nigeria, Abuja for details in respect of the purchase of Travellers' Cheques to cover their sales to intending Christian pilgrims.
The attached schedule shows the list of the States assigned to each of the designated banks for the purposes of procuring the PTA.
The said banks must render returns in respect of actual sales to the Director, Banking & Payment Systems Department, Central Bank of Nigeria, Abuja, within two (2) weeks from the end of the exercise (i.e. from the date of the last departure flight from Israel/Rome).
Finally, infractions of any requirement or abuse of any waiver shall attract the appropriate penalty.
for: DIRECT
TRADE & EXCHANGE DEPARTMENT
LIST OF STATES AND BANKS ASSIGNED TO THEM FOR THE PURCHASE OF PILGRIMS TRAVELLING ALLOWANCE (PTA) FOR THE YEAR 2010 CHRISTIAN PILGRIMAGE
| NO. OF | CHOICE OF | ||
|---|---|---|---|
| S/NO. | STATES | BANKS | |
| PILGRIMS | |||
| 500 | Union Bank | ||
| 1 | Abia | ||
| 2 | Adamawa | 350 | Zenith Bank |
| 3 | Akwa Ibom | 1,500 | UBA |
| 4 | Anambra | 750 | UBA |
| 5 | Bauchi | 500 | FCMB |
| 6 | Benue | 1,000 | Zenith Bank |
| 7 | Borno | 200 | Zenith Bank |
| 500 | First Bank | ||
| 8 | Cross River | ||
| 9 | Delta | 1,000 | Zenith Bank |
| 10 | Ebonyi | 750 | Union Bank |
| 200 | ETB | ||
| 11 | Edo | ||
| Ekiti | 500 | Zenith Bank | |
| 12 | |||
| 13 | Enugu | 700 | First Bank |
| 1,500 | Fidelity Bank | ||
| 14 | FCT | 500 | Fidelity Bank |
| 15 | Gombe | ||
| 16 | Imo | 500 | Zenith Bank |
| 17 | Kaduna | 1,500 | Zenith Bank |
| UBA | |||
| 18 | Kano | 200 | |
| 19 | Kebbi | 250 | Zenith Bank |
| 20 | Kogi | 500 | UBA |
| 21 | Kwara | 500 | UBA |
| 2,000 | UBA | ||
| 22 | Lagos | ||
| 23 | Nasarawa | 750 | Diamond Bank |
| 24 | Niger | 200 | Bank PHB |
| 25 | Ogun | 500 | Skye Bank |
| 500 | Zenith Bank | ||
| 26 | Ondo | ||
| 27 | Osun | 700 | First Bank |
| 28 | Oyo | 1,000 | UBA |
| Zenith Bank | |||
| 29 | Plateau | 2,000 | |
| 30 | Rivers | 3,000 | Skye Bank |
| 31 | Taraba | 700 | Zenith Bank |
| FCMB | |||
| 32 | Yobe | 350 |
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Source: Central Bank of Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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