The Central Bank of Nigeria (CBN) Monday announced 47 International Money Transfer Operators (IMTOS) approved to carry out forex remittances business in Nigeria.
The listed include MoneyGram, Caperemit UK Limited, Centrexcard Limited, Colony Capital Limited, Cashpot Limited, eTransact Limited, Flutterwave Technology Solutions Limited, Funtech Global Communications Limited, Interswitch Limited, WorldRemit Limited, Ria Financial, among others.
The operators, it added, are to help Nigerians in Diaspora remit dollar home and boost dollar liquidity. It therefore cautioned Nigerians in Diaspora against patronising illegal money transfer operators in the interest of the economy.
The apex bank said it was aware of the increasing patronage of illegal IMTOs for the purpose of home remittances.
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