To verify your Nigerian business account, you will need to provide the following documents:
Certificate of Incorporation: A copy of the official document issued by the Corporate Affairs Commission (CAC) confirming the legal existence of your business.
CAC 2 and CAC 7 or Status Report from CAC: These documents provide information about the directors and shareholders of the company.
Certified MEMART (Memorandum and Articles of Association): This document outlines the rules and regulations governing your company's operation and structure.
Directors' IDs & BVN (Bank Verification Number): Copies of valid identification documents (such as National Identity Card, Driver's License, or International Passport) for all directors of the company, along with their BVN.
Corporate Bank Account Statement: A recent statement from your company's corporate bank account, verifying its existence and financial activities.
Operational Business Address: A document confirming the physical address of your company's operations.
Verifiable Website URL showing business activities : If your business has an online presence, provide the URL of your website showcasing your business activities.
Operating License (where business is regulated): If your business requires a specific operating license issued by a regulatory authority, include a copy of this license.
Estimated Monthly Sales: Provide an estimation of your business's monthly sales or financial turnover.
Why is business verification necessary?
Business verification is a crucial step to ensure compliance with regulatory requirements and to maintain the security and integrity of our FX trading platform. By verifying businesses, we can mitigate risks associated with fraudulent activities, money laundering, and unauthorized transactions, creating a safer trading environment for all our clients.
How to submit the verification documents?
Once you have gathered all the necessary documents, log in to your account on our website and navigate to the verification section. Follow the step-by-step instructions to upload the required documents securely. Our team will review the submitted documents, and you will be notified of the verification status through your registered email address.
How long does the verification process take?
The verification process usually takes between 2 to 5 business days, depending on the volume of verification requests received. However, we strive to complete the process as quickly as possible to minimize any inconvenience to our valued clients.
If you have any further questions or need assistance with the verification process, please don't hesitate to contact our customer support team. We are here to help you every step of the way on your FX trading journey!