 The central bank of Nigeria, Sibian, has extended indefinitely its Nira $4 scheme earlier scheduled to end on May 8, 2021. It disclosed this on Thursday in a circular to all deposit money banks, international money transfer operators, and the general public on its Nira $4 scheme for desperate remittances. In March, as part of its reform step was the inflow of foreign currency in the country, the Sibian introduced as an incentive of five Nira for every one dollar of fund remitted to Nigeria through international money transfer organizations in its Forex policy. Now, DMBs have continued to woo customers with the Sibian's policy to boost remittances since it was introduced. A former President Association of National Accountants of Nigeria Anand, Dr Sam Zekwe, said it would encourage people to patronize government-licensed money transfer operators. While observing that a lot of money was coming from abroad but not going through their government-licensed operators, he said it would also ensure that more Forex was remitted into the country.