Individual/Joint Clients

Account Opening Requirements for Individual Clients

The following are required:

  • Duly completed and signed account opening form (all relevant fields must be completed)
  • Duly completed and signed specimen signature card, where required
  • Two (2) clear passport-size photographs each, with the client’s name written on the reverse side.
  • The Sighted, Notarised or Certified copy of the means of identity (evidence of identity) of the client
  • The Sighted, Notarised or Certified copy of the proof of residential address (evidence of residential address) of the client
  • The Sighted, Notarised or Certified copy of the valid residence permit of a resident non-Nigerian.
  • The Sighted, Notarised or Certified copy of the power of attorney (where applicable)
  • The tax identification number of the client, if available. The Sighted, Notarised or Certified copy of the tax certificate or tax card may also be provided, if available
  • Letter of introduction from the relevant Diplomatic Mission/International Organisation certifying the accredited status of the potential client
  • Two (2) independent and satisfactory references. (not required for Savings account)
  • The CTC of the Particulars of Directors or its equivalent.
  • The Sighted, Notarised or Certified copy of the proof of registered address of the company.

Account Opening Requirements for Joint Account Holders

The following are required:

  • Duly completed and signed account opening form (all relevant fields must be completed)
  • Duly completed and signed specimen signature card, where required
  • Two (2) clear passport-size photographs each, with the client’s name written on the reverse side.
  • The Sighted, Notarised or Certified copy of the means of identity (evidence of identity) of the client
  • The Sighted, Notarised or Certified copy of the proof of residential address (evidence of residential address) of the client
  • The Sighted, Notarised or Certified copy of the valid residence permit of a resident non-Nigerian.
  • The Sighted, Notarised or Certified copy of the power of attorney (where applicable)
  • The tax identification number of the client, if available. The Sighted, Notarised or Certified copy of the tax certificate or tax card may also be provided, if available
  • Letter of introduction from the relevant Diplomatic Mission/International Organisation certifying the accredited status of the potential client
  • Two (2) independent and satisfactory references. (not required for Savings account)
  • The CTC of the Particulars of Directors or its equivalent.
  • The Sighted, Notarised or Certified copy of the proof of registered address of the company

Institutional/Corporate Clients

Account Opening Requirements for Institutional/Corporate Clients

The following are required:

  • Duly completed and signed account opening form (all relevant fields must be completed)
  • Duly completed and signed specimen signature card(s), where required
  • Board or partnership resolution / mandate letter / approval letter (for public sector organisations).
  • Two (2) clear passport-size photographs of each signatory, with names written on the reverse side.
  • The sighted, notarised or certified copy of the certificate of registration
  • The sighted, notarised or certified copy of the partnership deed (partnership constitution), the club, society, association or charity’s constitution or its equivalent
  • The copy of the enabling act/decree (where applicable).
    The sighted, notarised or certified copy of the regulatory or supervisory license to operate, if any
  • The CTC of the memorandum & articles of association (memart) or its equivalent.
  • The CTC of the particulars of shareholders or its equivalent.
  • The CTC of the particulars of directors or its equivalent.
  • The sighted, notarised or certified copy of the proof of registered address of the company.
  • The sighted, notarised or certified copy of the means of identity and proof of address of all signatories to the account, at least two (2) directors and each individual shareholder with at least 5% interest, or partner as applicable
  • The sighted, notarised or certified copy of the incorporation documents of corporate shareholders with at least 5% interest.
  • The sighted, notarised or certified copy of the valid residence permit of a resident non-Nigerian signatory, director and/or shareholder with at least 5% interest
  • Two independent and satisfactory references
    Search report (where applicable)
  • Power of attorney
  • The sighted, notarised or certified copy of the certificate issued by the special control unit against money laundering (SCUML)
  • Tax Identification Number (TIN), if any
  • Duly completed KYC/AML questionnaire on the bank’s letterhead
  • Evidence of registration with Nigerian investment promotion council
  • Latest annual accounts and report of the company, if any