IMF - International Monetary Fund
700 19th Street Northwest Washington,
DC 20431, United States
To Strict Attention Of: The Beneficiary
Re: Immediate Irrevocable and Unconditional Part payment of US$36 Million:
This is to inform and confirm to you that because of constant report and complains from fund beneficiaries we have constraint The Central Bank of Nigeria (CBN) to commence the implementation of a new Real-Time Gross Settlement (RTGS) system which would bring it at par with best global payment standards and particularly help push its Payment System Vision 2020 (PVS2020). An RTGS is an inter-bank payment structure which facilitates the real-time (continuous) settlement of electronic funds transfer on gross
(individual), final and irrevocable basis.
After our meeting with the Nigerian Government with the full cooperation of
the World Bank delegate and that the above sum has been cleared through
The International Monetary Fund (IMF) International Draft, the SSSS Draft is a new initiative to issue, manage and settle government unclaimed fund with all bank in Nigeria and other money-market securities processed as electronic records in a Central Securities Depository (CSD) system.
The IMF' s goal is to assist in the reconstruction of the world' s international payment system, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world, which Central Bank Of Nigeria is a Signatory, I think unclaimed fund beneficiaries with Nigeria Government should be very happy about the RTGS because it is going to take-away all frustration and cost of banking transactions in Nigeria, The RTGS is basically for large volume payments and replaces the old one implemented some seven years ago as part of the then CBN transformation programme code-named Project Eagles.
You are advice to send the Draft to Mr. Nathan Spiewak of Wells Fargo bank as stated below so that he will inform you the best procedure to clear the draft for you
Contact Person: Mr. Nathan Spiewak
Private Wealth Management Wells-Fargo
PHONE: 1(804) 482 2126
Our objectives are to promote international economic co-operation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs. See attached my Group Photograph with the Nigerian Senior Officers. We are sure that with this you are duly notified and directed accordingly. You are hereby advice to send the copy of the draft as advice for Clearance
For Christine Lagarde
Managing Director of the International
Monetary Fund Washington,
DC 20431, United States