Financial Data
Updated 15 Oct 2018


Nigeria

Related sections

Transactional requirements

Opening a Business Account:

Documentary requirements and general information

All types of legal entities
  • Original signed application form
  • Original signed signature card
  • CTC or sighted copy of valid means of identification and proof of address for individual shareholders with at least 5% interest
  • Extract of resolution of the board of directors to open an account and identification of those who have authority to operate the account
  • Proof of registered address
  • Two passport photos for each signatory
  • Tax identification number
  • Shareholders documents
  • Anti-Money Laundering (AML) questionnaire
  • Annual report.
Please note

All documents needs to either be originals or certified copies unless otherwise stated

Foreign companies
  • Notarised of sighted copy of the means of identification and proof of address of all signatories
  • Notarised and sighted copy of the means of identification and proof of address for two directors
  • Notarised or sighted copy of the incorporation documents of institutional/ corporate shareholders with at least 5% interest
  • Notarised or sighted copy of the incorporation documents of institutional/ corporate shareholders with at least 5% interest
  • Proof of business address
  • Extract of the resolution of the board of directors to open an account and identification of those who have authority to operate the account
  • Two passport photos for each signatory
  • Shareholders documents
  • Anti-Money Laundering (AML) questionnaire
  • Annual report
  • FATCA form
  • Business operating license (where applicable)
  • Email indemnity.
Please note

All documents needs to either be originals or certified copies unless otherwise stated

Shareholder documents
  • CTC, notarised or signed certificate of incorporation
  • CTC of the register of directors
  • CTC of the register of shareholders
  • Certification of the registered office
  • CTC of the memorandum and articles of association
  • Certificate of good standing for jurisdiction that provide this document
  • Contractual agreement document, if available
  • CTC of the banking/ other financial institution license of dealing with a bank of other financial institution.

Note: Business account opening: (all documents to either be originals or certified true copies (CTC) unless otherwise stated)

Please note

All documents needs to either be originals or certified copies unless otherwise stated

Contact us

For further information or assistance, contact [email protected] or our in-country Banking Heads

In-country contact 
Business Banking Head: Anya Duroha
[email protected]
Commercial Banking Head: Remy Osuagwu
[email protected]
Tel no: +234 422 7430
Address: Stanbic IBTC Bank Plc, IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos

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