Non-governmental Organizations are non-profit organizations whose activities are usually towards charity. They get most of their funding from donations and government grants. As a result of the nature of the NGO, operating a bank account makes it easy to accept donations and perform their duties financially.
NGOs maybe registered before operating a bank account in Nigeria, this class of account is a tier three account and it is a current account.
The following requirements are needed before opening an account for NGOs in Nigeria:
- Duly completed Account Opening Form Mandate Cards
- Certified True Copy of Certificate of Registration Operating Instruction
- 2 Passport Photograph of each Signatory
- Valid Identification of Signatories
- Valid Utility bill-Not exceeding 3 months (PHCN, LAWMA, Water Corporation, tenancy agreement, tenement rate)
- Constitution of the club/society
- Resident Permit(for Non-Nigerians)
- Minutes of meeting which specify where the Account should be opened
- Certified True Copy of Particulars of Trustees(If Applicable)
- Bio Data form: Know Your Customer Requirement
- Board of Trustees Resolution to open account
- 2 Reference Forms Power of Attorney (where applicable)
- Search Report (If Registered- conducted by the bank)
- Evidence of SCUML registration (where applicable)