Regulatory Alerts2014-02-27 | FPR/DIR/GEN/CIR/01/004Circular to All Banks and Other Financial Institutions: Uniform Account Opening Forms and Minimum Information Requirements for Three-Tiered KYC for Customers of Banks and Other Financial Institutions in Nigeria
This document is a checklist and account opening form for a corporate bank account in Nigeria. The form requires various pieces of information, including the company's details, the type of entity it is, its registration details, details of directors, shareholders, secretary, etc., and its banking requirements. It also requests certain supporting documents to verify the details provided in the form. Some sections of the document allow for multiple signatories. The form must be signed by authorized personnel from the company and may require additional authorization or waiver of some documents if necessary. Finally, it requires an address verification by a third party before account opening approval. The signature section is where these documents are physically signed.