The Central Bank of Nigeria (CBN), on February 28, 2021, released a list of approved international money transfer operators (IMTOs), having a total number of 47 operators approved for international money transfers.
Why these approved IMTOs?
The Central Bank of Nigeria (CBN), came up with a new policy to force IMTOs and Money Deposit Banks to pay recipients of remittances for foreign currencies, rather than the Naira.
It was observed that the IMTOs and banks were shortchanging remittances beneficiaries, as they were given less Niara equivalent of the foreign exchange sent to them from abroad. This was the reason the Central Bank of Nigeria released the approved list of companies to deal in foreign exchange home and abroad.
CBN Approved International Money Transfer Operators & their Office Addresses
| S/No | Approved International Money Transfer Operators | Their Office Addresses | Country |
|---|---|---|---|
| 1. | AFTAB CURRENCY EXCHANGE LIMITED | Pall Mall Court, 61-67 King Street, Manchester, M2 4PD, United Kingdom | United Kingdom |
| 2. | AZIMO LIMITED | 173 Upper Street London, NI IRG United Kingdom | United Kingdom |
| 3. | BELYFTED LIMITED | 44 Whalebone Lane South Dagenham, Essex RMB 1BB, United Kingdom | United Kingdom |
| 4. | CAPEREMIT UK LIMITED | 47 Stanley Road Stevenage Hertfordshire SG2 OEE United Kingdom | United Kingdom |
| 5. | CASHPOT LIMITED | 157, Deptford High Street SE8 3NU, London United Kingdom | United Kingdom |
| 6. | CENTREXCARD LIMITED | Unit 46, Dartford Business Park (Basepoint) Victoria Road, Dartford DA1 5FS, Kent, UK | United Kingdom |
| 7. | CHIME INC. | 239 East 5th Street Suite 4B New York, NY 10003 United States | United States of America |
| 8. | COLONY CAPITAL LIMITED | Plot 5 Chief Yesefu Abiodun Way Oniru, Victoria Island Lagos | Nigeria |
| 9. | CP EXPRESS LIMITED | 346 Barking Road London, E13 8HL | United Kingdom |
| 10. | DT&T CORPORATION LIMITED | 3 Harbour Exchange Square London E14 9GE | United Kingdom |
| 11. | eTRANZACT LIMITED | 4th & 5th Floors, Fortune Tower 27/29 Adeyemo Alakija Street Victoria Island Lagos | Nigeria |
| 12. | FIEM GROUP LLC DBA PING EXPRESS | 1327, Empire Central Drive St. 110-6 Dallas Texas | United States of America |
| 13. | FIRST APPLE INC. | 6492 Landover Road Suite A1 Landover MD20785 Cheverly, USA | United States of America |
| 14. | FLUTTERWAVE TECHNOLOGY SOLUTIONS LIMITED | 8 Providence Street, Lekki Phase 1 Lagos | Nigeria |
| 15. | FORTIFIED FRONTS LIMITED in Partnership with e-2-e PAY LIMITED | 15 Glover Road Ikoyi, Lagos | Nigeria |
| 16. | FUNDS & ELECTRONIC TRANSFER SOLUTION | No. 15, Cameron Road, Ikoyi, Lagos | Nigeria |
| 17. | FUNTECH GLOBAL COMMUNICATIONS LIMITED | Clarendon House 125 Shenley Road Borehamwood Heartshire WD6 1AG United Kingdom | United Kingdom |
| 18. | GLOBAL CURRENCY TRAVEL & TOURS LIMITED | 1280 Ashton Old Road Manchester, M11 1JJ United Kingdom | United Kingdom |
| 19. | HOMESEND S.C.R.L | Rue des Colonies 56, 6th Floor-B1000 Brussels Belgium | Belgium |
| 20. | IMMUEUBLE WARI LIMITED | 20 Rue Amadou Assane Ndoye 7 Etge BP 32 368 Dakar Dakar Senegal | Senegal |
| 21. | IDT PAYMENT SERVICES INC. | 520 Broad Street USA | United States of America |
| 22. | INTERSWITCH LIMITED | Plot 1648C Oko-Awo Close Victoria Island Lagos | Nigeria |
| 23. | MAKEBA INC. | 85, Broad Street, 18th FI New York, NY 10004 | United Kingdom |
| 24. | MONEYGRAM | Africa Re-Insurance Building 1679, Karimu Kotun Victoria Island, Lagos | Nigeria |
| 25. | NAIRA GRAM LLC operating in Nigeria as NGN GRAM LIMITED | 24b Femi Okunnu Phase 2, Lekki Lagos State | Nigeria |
| 26. | NIGERIAN POSTAL SERVICE (NIPOST) | P.M.B 12537, Garki Abuja | Nigeria |
| 27. | NOUVEAU MOBILE LIMITED | 31B Oyeleke Street Alausa Ikeja, Lagos | Nigeria |
| 28. | PAGATECH LIMITED | 176 Herbert Macaulay Way Yaba, Lagos | Nigeria |
| 29. | PAYCOM NIGERIA LIMITED | Plot 8, Dr. Nurudeen Olowopopo Avenue Alausa, Lagos | Nigeria |
| 30. | PAYPAL INC. | 2211 North First Street San Jose, CA95131 United States of America | United States of America |
| 31. | REMIT HUB CAFÉ LIMITED | 175 Chesterton Road Cambridge, CB4 1AF United Kingdom | United Kingdom |
| 32. | REMITLY INC. | 111 Third Avenue Suite 2100 Seattle, WA 98101 United States | United States of America |
| 33. | RIA FINANCIAL | 1 Allées Seydou Nourou TALL POINT E Dakar – Senegal | Senegal |
| 34. | SHIFT FINANCIAL SERVICES LIMITED | No.1 Goba Close (Suite 3), Off Monrovia Street Off Aminu Kano Crescent Wuse 2, Abuja | Nigeria |
| 35. | SIMPLIFY INTERNATIONAL SYNERGY LIMITED | No. 18, A-Close, 14 Road Gwarimpa, Abuja | Nigeria |
| 36. | SMALL WORLD FINANCIAL SERVICES GROUP LIMITED | Antonio Inesta Units 3&4 Sycamore Court Royal Oak Yard 168-170 Bermondsey Street SE1 3TQ, London | United Kingdom |
| 37. | TCF LIMITED | 2A Osborne Road Pees Galleria, Suite 4 Ikoyi, Lagos | Nigeria |
| 38. | RANS-FAST REMITTANCE LLC | 44 Wall Street, Suit 400 New York, NY10005 USA | United Kingdom |
| 39. | TRANSFERTO MOBILE FINANCIAL SERVICES LIMITED (THUNES) | London Iron House London SE1 1UN United Kingdom | United Kingdom |
| 40. | VENTURE GARDEN NIGERIA | Plot E, Ziatech Road Oregun, Ikeja Lagos | Nigeria |
| 41. | VOLOPA FINANCIAL SERVICES (SCOTLAND) LIMITED | Maclay Murray & Spens LLP 1 George Square, Glasgow, G2 1AL | United Kingdom |
| 42. | VTNETWORK LIMITED | No.5 Beckley Street, Off Adeyi Avenue Old Bodija, Ibadan Oyo State | Nigeria |
| 43. | WEBLINK INTERNATIONAL LIMITED | The Enterprise Centre (Unit 1) Hastings Road, Bromley Kent BR2 8NA, London | United Kingdom |
| 44. | WESTERN UNION | 7th Floor, Shore 13 1100 Boulevard Al Qods-Quartier Sidi Maarouf 20270 Casablanca Morocco | Morocco |
| 45. | WORLDREMIT LIMITED | 2nd Floor, 62 Buckingham Gate London SW1E 6AJ | United Kingdom |
| 46. | XPRESS MONEY SERVICES LIMITED | Office #426, 1 Olympic Way Wembley HA9 ONP London, UK | United Kingdom |
| 47. | XPRESS PAYMENT SOLUTIONS LIMITED | 23, Oba Akinjobi Way Ikeja GRA Lagos | Nigeria |
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