Western Union Money transfer is a widely available international money transfer used in Nigeria. You can receive money from anywhere in the world by simply walking into a participating bank with your international passport or national ID.
I am just confirming right now that before you can receive money through Western Union you MUST have an account with any of the participating banks.
CBN was set to have issued the directive recently. While GTbank and UBA have confirmed this, I want to know if other banks have done same. The issue now is, how will CBN monitor compliance to this policy?
Do you think this directive will further reduce Cybercrime? Will it ease customers? Will banks (staffs) comply with this directive?