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Okowa urges NDDC to emphasize more on BOQ
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From right; Delta Governor, Senator Dr. Ifeanyi Okowa; Justice Samuel Oseji and his wife, Dr. Mimi Oseji , during the Grand Reception by Idumuje-Unor Kingdom in honor of Justice Oseji on his Elevation as Justice of the Supreme Court of Nigeria. MONDAY
Delta State Governor Dr. Ifeanyi Okowa has urged the Niger Delta Development Commission (NDDC) to put more emphasis on its Bill of Quantitatities( BOQ), to enable its road projects to stand the test of time.
Okowa gave the urge on Monday at Idumuje-Unor, Aniocha North Local Government Area of the state at a grand reception in honour of Justice Samuel Chukwudumebi Oseji on his elevation as Justice of the Supreme Court.
By Babajide Komolafe
MONEY MAEKET
The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through International Money Transfer Operators (IMTOs), with a threat to revoke licences of defaulting firms.
The apex bank also directed Mobile Money Operators (MMOs) to disable wallets from receipt of funds from IMTOs.
The directives, according to CBN, were to ensure compliance with its recent policy which allows beneficiaries of diaspora remittances to receive the proceeds in foreign currency.
CBN gave these directives in a circular, yesterday, to IMTOs and Payment Service Providers (PSPs) titled, “Receipt of Diaspora Remittances: Additional Operational Guidelines”.