February was designated as the period for the special launch of a sales initiative during the general meeting of Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHACCIMA), in Port Harcourt, Rivers State, Nigeria.
According to the Managing Director of Franklyn Financial Nigeria Limited, Stanley Idatonye Brown, the CIP is being promoted to top business executives as an opportunity for Nigerians to become holders of St Kitts and Nevis citizenship, which would give them the opportunity “to travel visa-free to 139 countries including the United States, United Kingdom, Canada, Schengen European countries and most of the British Commonwealth countries.”
However, while no visas are required by Kittitians and Nevisians to travel to European nations, such is not the case for entry into the United States, which does in fact make it mandatory to first obtain a US visa.
A report in BusinessDay stated that “an opportunity to acquire a citizenship status has opened in the Caribbean Islands, as the federation of St Kitts and Nevis has thrown its doors open, especially for the Nigerian business class, to invest up to US $400,000 and earn an automatic citizenship for life.”
The Managing Director was quoted as saying, “The truth about the whole thing is that if you buy a property in this island, you qualify not just (for) you, your children’s children, and your parents for citizenship in this country, and you qualify for a Visa free entry into 139 countries.
“There is an advantage for our children. I encourage well-meaning Nigerians to take advantage of this citizenship by investment programme; if you invest, you start earning interest from day one. So, as you pay in your money, it goes into a trust-worthy bank and the interest goes up every year,” added Brown, who was seeking to create awareness about the launch of the sales programme in Nigeria this month.
He said, “For me, it is a win-win situation and besides, we have a financial package, an arrangement with a local financial company that gives you a little bit of mortgage or encouragement to help you buy into the project.”
BusinessDay said it also gathered that Park Hyatt St Kitts is the designated and approved project by the citizenship by investment unit of the government of St Kitts and Nevis, which a prospectus applicant is required to invest in to enable him get full citizenship.
Since November, 2012, after a visit to Nigeria by the Prime Minister of St. Kitts and Nevis, Dr. Denzil Douglas, and the visit here in 2013 for independence, by the Governor of the Nigerian state of Akwa Ibom, Chief Godswill Akpobio, stronger efforts have been ongoing to attract investment from the African nation, to help in the development of the small twin-island Caribbean nation, St. Kitts and Nevis.