Individual/Joint Clients

Account Opening Requirements for Individual Clients

The following are required:

  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of all signatories to the account.
  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of the settlor(s) (individual or joint), controllers and any other persons who are the providers of funds.
  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of the representatives of the settlor, if any.
  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of the beneficiaries.
  • For a beneficiary who is a minor, a Sighted, Notarised or Certified copy of his or her birth Certificate or age declaration would be required.
  • The Sighted, Notarised or Certified copy of the valid residence permit of a resident non-Nigerian signatory.
  • Duly completed and signed account opening form.
  • Two (2) clear passport-size photographs for each signatory and beneficiary, with names written on the reverse side.
  • Two (2) clear passport-size photographs of the designated representatives (if any), with names written on the reverse side.

Account Opening Requirements for Children Education Trust

The following are required:

  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of all signatories to the account.
  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of the settlor(s) (individual or joint), controllers and any other persons who are the providers of funds.
  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of the representatives of the settlor, if any.
  • The Sighted, Notarised or Certified copy of the means of identity and proof of residential address of the beneficiaries.
  • For a beneficiary who is a minor, a Sighted, Notarised or Certified copy of his or her birth Certificate or age declaration would be required.
  • The Sighted, Notarised or Certified copy of the valid residence permit of a resident non-Nigerian signatory.
  • Duly completed and signed account opening form.
  • Two (2) clear passport-size photographs for each signatory and beneficiary, with names written on the reverse side.
  • Two (2) clear passport-size photographs of the designated representatives (if any), with names written on the reverse side.

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