How to open a business account in Nigerian Banks – Opening and operating a business account in Nigerian banks is different from running an individual account in terms of its requirements and documentations. To be able to own a business account, the business must be duly registered with Nigeria’s Corporate Affairs Commission (CAC) or by a relevant agency depending on the nature of business.
A business account generally falls under tier three KYC level and all its documentations must comply with the CBN policy on tier three accounts.
For easy understanding I’m going to divide the requirements into two, one for the account signatories and the other for the business itself.
REQUIREMENTS FOR INDIVIDUAL SIGNATORIES
The following are required from individual signatories of a business bank account in Nigeria:
- A valid primary ID card
- Means of address verification (utility bill, etc)
- Two passport photograph
- A duly filled and signed mandate form
- Tax identification number (TIN)
DOCUMENTS REQUIRED FOR THE BUSINESS
The following documents are required from the business before opening and operating the account:
- Documentary evidence of address
- 2 references
- 2 Passport photograph
- Valid ID of all signatories
- Residence Permit (Foreigners)
- Forms CO7 and CO2
- Certificate of Incorporation / Business Registration
- Memorandum and Article of Association
- Board resolution
- Search report
- Duly executed Terms & Conditions
Note that all these documents will be verified by the bank and as such ensure they all valid and authentic, the bank will also conduct a search report with your CAC certificate to verify the existence of the business with their legal unit which you will be required to pay a total sum of N5,000 for the search. As a checking account, you will be charged for your cheque booklet.
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*GOOD DAY MA/SIR*
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LAVITA PACKAGES
₦10,000——–₦20,000❌❌❌
₦20,000——–₦40,000
₦40,000——–₦80,000
₦50,000——–₦100,000
₦100,000——₦200,000
₦200,000——₦400,000
₦400,000——₦800,000
₦800,000——₦1,600,000
₦1,000,000—₦2,000,000
NOTE: we credit your account after 45min after registeration.
INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
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We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
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Note:you get credited in less than 45mins.
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NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem..
The open source to anayseis….
The open source to anayseis….
Thanks so much for this post. I can now open a business account.
Thanks so much for this post. I can now open a business account.