$10bn annual remittance by
Nigerians in diaspora – Western
Union
December 20, 2010
By Gabriel Enogholase
OVER $10 billion is transferred to Nigeria annually
through First Bank / Western Union Money Transfer,
the Isekhure of Benin, Chief Nosakhare Isekhure has
disclosed in Benin.
The Chief Priest to the Benin Monarch who disclosed
this at a parley by Western Union Money Transfer to
flag-off this year ’s Igue Festival, disclosed that
outside Lagos, Benin accounts for the highest
volume of money transfer through Western Union.
He, however, denied the notion that such money
transferred was earned through illicit business of
prostitution by Benin women abroad. Chief Isekhure
explained that the bulk of the money transferred to
Benin through First Bank / Western Union Money
Transfer, comes from Benin professionals in
Diaspora. He said that the palace of the Oba of Benin
was happy that it has partnered with First Bank/
Western Union effectively with their promotion of the
annual Igue Festival without any breach of the rules
relating to the festival.

The Oba’s Chief priest commended First Bank /
Western Union for its consistent logistic support for
the Igue Festival, adding that there was confidence
among Benin people abroad that money transferred
through Western Union gets to destination safely.

He disclosed that no fewer than 3,000 Benins in the
Diaspora were in Benin to take parts in this year Igue
Festival. In his speech, First Bank ’s Head of Retail
Business, in charge of Asaba, Warri and Edo, Mr.
Columbus Ndefom said the bank was appreciative of
the patronage it receives from the Benins in the
diaspora hence the bank identifies with Igue.

Highlight was the visit of the First Bank/Western
Union Management team to the Oba Palace to
present gifts to the Benin Monarch in support of the
celebration of this year Igue festival.
Categories: News

www.vanguardngr.com/2010/12/10bn-annual-remittance-by-nigerians-in-diaspora-western-union/

Thespecialone:

He, however, denied the notion that such money
transferred was earned through illicit business of
prostitution by Benin women abroad. Chief Isekhure
explained that the bulk of the money transferred to
Benin through First Bank / Western Union Money
Transfer, comes from Benin professionals in
Diaspora.

Guilty conscience. Who asked him?