Nigerian banks have announced that international school fees and upkeep requests through Form A will now be processed within 120 days.The development comes amid the lingering forex scarcity in the country.
“PTA / BTA requests are now processed a maximum of twice annually per applicant to the tune of $2,000 per application where the request is within 14 days of the travel date. “All applications are processed and disbursed subject to FX availability, proper documentation, and provided the account to be debited is sufficiently funded to cover the Form A charge and other processing fees.
“Payment of school fees is subject to a maximum of $7,500 per semester and limited to 2 semesters per session.“A minimum of 16 weeks is required for processing school fees and upkeep/maintenance, after the submission of documents along with the approved Form A at the branch.”
Lol… 120 days… they should just make it 6 months so people can get the message clearly 😂🤣😂
Why not 5 years? Set of unscrupulous people!!