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									     SAPIDA
     MICROFINANCE BANK LTD.
     RC No. 168904




CORPORATE ACCOUNT
         Consumer products available at all our branches nationwide
                         SAPIDA SAVINGS PRODUCTS
1. SAPIDA Dream Savings Account
This account is meant for meeting a targeted financial need such as marriage,
Christmas,Ileya,Graduation,Freedom,etc.
The features include:
   A minimum regular savings of N3,000.00 per month or N100.00 per day
   There will be no withdrawal within 1 year
   Interest rate is negotiable
   Can be used as collateral for loan
2. SAPIDA Pocket Savings Account
   Initial deposit is N1,000.00
   Minimum limit amount that can be saved is N100.00
   The client can make savings on a daily/weekly/monthly basis
   Withdrawal can only be allowed after six months of opening the account subject
    to on month’s notice
   Interest rate is negotiable
3. SAPIDA Trust Savings Account
This product is meant for parents and guardians to save towards the future of their
children and wards.
The special features of the product include:
   A minimum opening deposit of N2,500.00
   Minimum monthly deposit of N2,000.00
   Minimum tenor of 2-5 years
   Interest rate is negotiable


4. SAPIDA “School Resumption made Easy” Account
This product is meant for parents who want to save towards the payment of their
children school fees.
   Minimum opening balance of N1,000.00
   Minimum average daily savings of N100.00
     Withdrawal to be made at the beginning of the school term
     Shortfall in saving to be loaned by the bank.


5. SAPIDA “MDC Account (Modified Daily Contribution)
    Save for thirty days and earn 2% interest p.a .Unlike the traditional Esusu, under our
MDC you earn a negotiable interest on your contribution. To qualify for this
interest,minimum tenor without withdrawal is 3 months and no interest will be added
in the month of withdrawal.
6. SAPIDA Hybrid savings Account
With our hybrid saving account, you can eat your cake and still have it. This account
allows you to pay in cheques and dividend warrants with the following feature:
* Opening balance:                                    Individual: N5, 000.00
                                            Enterprises: N10, 000.00
* Minimum account balance:                  Individual: N2, 000.00
                                            Enterprises: N5, 000.00
     This account enjoys Zero COT
     Two references will be taken
7. SAPIDA Current Account
Our “carry go anywhere” current account with all the features of convenience and
minimum opening balance of N5, 000.00 for individual and N10, 000.00 for
enterprises.
8. SAPIDA Greater Tomorrow Account
This is for parents to invest in the future of their children whether for educational or
business purposes. The features include:
-A minimum Daily contribution of N100.00
-Daily, weekly or monthly contributions
-Minimum tenor of 2-5 years
-interest at the normal savings rate.
                                     Loan Products
1. SAPIDA Asset Acquisition loan
For beneficiary to buy bicycles, tricycles, motorcycles, cars, and buses as well as
household goods either for personal or business use
2. SAPIDA L.P.O Financing
Available to fund L.P.O Transaction from blue chip and reputable organizations
3. SAPIDA Revolving Salary Advance
To bridge short term 30 days cash need of those in full time employment with
reputable organizations. Customers’ salary to be domiciled in the bank.
50% Salary Advance
4. SAPIDA Trading and Working Capital loans
Available as Short-term working capital for traders, businessmen and women and
micro businesses.
5. SAPIDA Project Financing
    This is designed primarily to encourage customers who intend to establish small
scale and to some extent medium scale agro allied and industrial ventures.
6. SAPIDA Association and Artisan Cooperatives
7. SAPIDA Housing/House repair loan/finance
-    Land purchase
-    Specific stage of construction of existing building project.
ACCOUNT OPENING INSTRUCTIONS: CORPORATE ACCOUNTS
Please complete all relevant portions of the application form and account opening
mandate and return this package along with the following documents.
ALL ACCOUNT TYPES
      One signature/mandate card completed by each signatory to the account (please
       find enclosed).
      One recent passport photograph of each signatory with their names written on the
       reverse side.
      Two independent and satisfactory references from corporate account holders
       (please find enclosed).
      A valid identification on (National Identity Card/International Passport/Drivers
       Licence) of each account signatory.
      Resident/work/business permit (where applicable)
LIMITED LIABILTY COMPANY
      Board Resolution authorizing the opening of the account. This must be executed
       under seal.
      A copy of Certificate of Incorporation.
      Certified True Copy of Memorandum and Article of Association.
      Certified True Copy of Particulars of Directors. (Form C07)
REGISTERED BUSINESS NAME/SOLE PROPRIETORSHIP
      Copy of application form for registration of business
      Copy of certificate of business name.


PARTNERSHIP
Copy of partnership deed (notarized)
Copy of certificate of registration
Partnership resolution authorizing the opening of the account and nominating signatories
to the account.


INCORPORATED TRUSTEES/UNINCORPORATED ASSOCIATIONS
Copy of Constitution (Certified true copy for incorporated trustees)
Copy of certificate of registration (for incorporated trustees)
Copy of particulars of trustees (where applicable)
Resoultion authorizing the opening of the account and nominating signatories to the
account.




                  All original documents must be presented for sighting.
                      BOARD RESOLUTION AND MANDATE
Pursuant to this application, a meeting of the Board of Director of
………………………………………………….
(hereinafter refer to as “the Company” was held on the ………….day of
………………………………. and it was resolved and declared that SFMB Ltd.
(hereinafter called “the Bank”) is hereby authorized to:
-Opening any or all of the account (s) indicated herein in our name and now any time
subsequently as we may direct.
-Honour all cheques or others which may be drawn on the said account (s) until the Bank
received any written notice to the contrary, provided such cheques or orders assigned by
the person(s) whose signature(s) is/are contained in the signature/mandate card delivered
to the Bank and to Debit such account(s) cheques or order(s) to the said account(s)
whether such account(s) be, for the time being ,in credit of overdrawn or may become
overdrawn in consequence of such Debit without prejudice to the bank’s right to refuse to
allow any overdraft or increase of overdraft in accordance with the signing instruction.
In consideration thereof, we agree:
-To assume full responsibility for the genuiness or correctness and validity of all
endorsement appearing on all cheques, orders, bills, notes, negotiable instruments,
receipts and/or other document deposited in or in respect of our account(s) with the bank.
-To be responsible for repayment of any overdraft with interest and to commonly and be
bound by the bank’s rule for the conduct of savings, current domiciliary and other
account(s) as may be determined by the bank from time to time.
-To free the bank from the irresponsibility for repayment for any loss of or diminution of
funds of damage to instruments or document deposited with the bank’s due to any
government order,law,levy,tax,embargo,moratium,exchange restriction and for all other
causes beyond the bank’s control.
-That our attention has been drawn to the necessity of safeguarding our chequebook so
that unauthorized person(s) are unable to gain access to it. Neglect of this precaution will
be a ground for any consequential loss being charged to our account.
-That the bank is under no obligation to honour any cheques drawn on the account(s)
unless there are sufficient and un-impaired funds in the account to cover the value of the
such cheques may be returned to as unpaid, out if paid, we are obligated to repay the
bank on demand. The principal amount together with the interest and or charges that the
bank may prescribe.
-To be bound by any notification of any changes in conditions governing the account
directed to our last known address and any notice or letter sent to our last known address
shall be considered as duly delivered and received three business days after dispatch of
same by ordinary the pre-paid post or on the date endorsed on the prove of delivery if
delivered by courier services/hand delivery.
-That no notice which may be given to the bank by us shall be binding upon the Bank
until it shall have been received by the Bank and sufficient time shall have elapsed
thereafter to permit the bank in due case and by such means the Bank may be deem
appropriate to notify the concerned/affected department offices, branches and
correspondent.
-That any disagreement, with the entries on our Bank Statement will be made in writing
by us within 30 days of the dispatch of the statement, failing which it will be considered
that the statement is correct.
-That if an entry is made in our account(s) in error, the bank is entitled to dishonoured
cheques drawn upon, such incorrect entry whether or not drawn in good faith and without
any notice of error and wether the error have been corrected or not, and the bank is
entitled to reverse such incorrect entry without any liability on its part.
-That the bank may at any time in its discretion close the account(s), and discharge all
liabilities with respect to the account(s) by hand delivery or by mailing to us by courier
service a bank draft in the currency of the account without recourse to the bank as a
drawer, payable to our order in amount of the credit balance in the account(s) less fees,
charges of commission to which you may be entitled by law or by any agreement
between us and the bank together with such other documents, if any , as may be
necessary in your so discretion, to transfer to us.
-We also agree that the bank will not be liable whatsoever for funds handed to members
of the staff outside banking house or outside the bank’s premises, unless by specific
agreement in writing with the bank.
-We also agree that in addition to any general lien or right to which the bank as bankers
may be entitled by law, the bank may at any time and without notice to us combine or
consolidate all or any of our account(s) without liability to you or set off or transfer any
sum or sums standing to our credit in anyone or more of such accounts or any other
credit, be it cash ,cheques,valuables,deposits,securities,negotiable instruments, or other
assets with the bank or in any other respect whether such liabilities be actual or
contingent, primary collateral and several or joint.
-We agree to indemnify the bank against any loss, damage, expense, or claim; it may be
occasioned on the account(s) or by reason of opening the said account(s) or by reasons of
the falsehood or inaccuracy or any statement information or representation made to the
bank except those loses, damages, expenses or claims resulting from the acts, default or
gross negligence of the bank.
-We affirm and undertake that all the documents used in opening the account(s) are
genuine and we will indemnify the bank if at any time it is shown otherwise and we will
be further liable for any wrong that may be occasioned thereby. This indemnity to you
shall be continuous and shall not be withdrawn by us so long as we maintain this account
with the bank.
-We agree that the operation of the account(s) is subject to laws and regulations at any
time existing in the Federal Republic of Nigeria, and to be bound by the terms and
conditions governing the operation of the account(s) as may be determined by the bank
from time to time.
We declare that all the information given for the purpose of opening the account(s) are
true and accurate and certify that the above particulars are correct and agree that they and
the information given herein and form the basis of banking relationship with SAPIDA
MICROFINANCE BANK LTD.
Name:----------------------------------- Date----------------------------------
Signature:--------------------------------
Designation:-----------------------------
Name:----------------------------------- Date----------------------------------
Signature:--------------------------------
Designation:-----------------------------         Company Seal
                          APPLICATION TO OPEN AN ACCOUNT
Company Name:
Bussiness Address:
Registration R/C No.                                           Date of Incorporation/Registration
Mailing address (if different from above):
Telephone Nos:
Fax Nos:                                                        Email Address
Statement Instruction                                            Mail hold


SIGNATORIES
Name                                Designation                         Phone No.
I.------------------------------ I.-------------------------------I--------------------
II.------------------------------II.-------------------------------II--------------------
III.------------------------------ III.-------------------------------III--------------------
ACCOUNT WITH OTHER BANKS IN NIGERIA
No.               Bank Name         Address           Account Nos
1.
2.


We request the opening of an account with Sapida Microfinance Bank Ltd. We certify
that the information contained in this form,together with the documents supplied,which
form the basis of opening this account are correct.


---------------------------                                    ----------------------------
         Signature                                                                  Date
                        TYPES OF ACCOUNT REQUIRED




Corporate Account (Please tick)


Partneship Account (Please tick)


Sole Proprietoship/Registered Business Name Account (Please tick)


Incorporation Trustees/Uincorporated/Associations Account (Please tick)


Government Ministry Parastatals
                         ACCOUNT SIGNATORY’S DATA FORM
                            (To be completed by account signatory)
Dear Customer,
The following personal information is required to enable us build a strong and lasting
relationship with you, and to provide excellent services. Each signatory, to an account is
required to complete this form.


Account Signatory’s Name-----------------------------------------------------------------------
                                  (First)          Middle           (Last)
Mr. Mrs. Others (please specify)


Nationality:------------------------------------- State of Origin:-----------------------------------
Business Address:----------------------------------------------------------------------------------
Business Telephone:------------------------------------------
Residental Address:------------------------------------------
Telephone Nos. Res.------------------------        Mobile:----------------------------
Email Address:------------------------------
Occupation:---------------------------------       Designation:------------------------
Marital Status: Single            Married                   Widowed                  Divorced
                         ACCOUNT SIGNATORY’S DATA FORM
                            (To be completed by account signatory)
Dear Customer,
The following personal information is required to enable us build a strong and lasting
relationship with you, and to provide excellent services. Each signatory, to an account is
required to complete this form.


Account Signatory’s Name-----------------------------------------------------------------------
                                  (First)          Middle           (Last)
Mr. Mrs. Others (please specify)


Nationality:------------------------------------- State of Origin:-----------------------------------
Business Address:----------------------------------------------------------------------------------
Business Telephone:------------------------------------------
Residental Address:------------------------------------------
Telephone Nos. Res.------------------------        Mobile:----------------------------
Email Address:------------------------------
Occupation:---------------------------------       Designation:------------------------
Marital Status: Single            Married                   Widowed                  Divorced
Company Referees Information




Company Name
Company Address


Bank and Branch
(Where account is domiciled)




                    Account No.




Company Name
Company Address


Bank and Branch
(Where account is domiciled)




                                  Account No
                       CUSTOMER MANDATE ON CONFIRMATION
                                                               RC NO 168904
                                                      ------------------------------------------
                                                      ------------------------------------------
                                                      ------------------------------------------
                                                      Date-----------------------------------
To:SAPIDA MICROFINANCE BANK LTD.
-----------------------------------------------------------
-----------------------------------------------------------
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NON-CONFIRMATION OF CHEQUES
In furtherance of I/We…………………………..operating current account------------------
------------------------with SAPIDA MICROFINANCE BANK LTD. I/We hereby instruct
SMFB Ltd. According to all times honour instruments drawn on my/our accounts prior
confirmation me/any of the authorized signatories to the account or any other officer of
the company as the case may be.

We have given this standing instruction SMFB Ltd. As oath of the mandate for the
operation of my/our accounts with full knowledge of the implication probable
consequence non-confirmation of instrument prior to payment and irrespectively of the
amount involve.

In consideration of SMFB Ltd. Opening and allowing me/us to operate the account as
mandated herein. We hereby irrevocably undertake and covenant that we shall at all time
herewell and truly indemnify SFMB Ltd and keep SMFB Ltd fully indemnified against
all losses, Claims commands,liabilities,actions,proceeding,damage fees,xpenses which
may be occasioned to SMFB Ltd I consequence of so acting on my/our instruction given
hereto.
The forging shall be construed as a continuing indemnity and shall not be revoked by
me/us without prior notification to SMFB Ltd.
Yours faithfully,

---------------------------                     ------------------------
 Authorized Signature                                      Authorized Signature
Date:--------------------------------

                                                             Address:
                                                             ------------------------------------
                                                             ------------------------------------
                                                             ------------------------------------
                                                             ------------------------------------
To:
Sapida Microfinance Bank (Nig) Ltd.
P.O.Box 105
Ijebu Imusin

                                  LETTER OF SET-OFF
In consideration of your giving me/us financial and /or banking accommodation and other
facilities. I/We agreed that in addition to any other general lien or similar right which you
as bankers may be entitled by law you may at any time and without notice to me/us
combine or consolidate all or any of my/our accounts with liabilities to you and set-off or
transfer any sum or sums standing to the credit of any one or more of such accounts in or
towards satisfaction of any of my/our liabilities to you on any other account or in any
other respect whether such liabilities to you on any other account or in any other respect
whether such liabilities be actual or contingent primary or collateral and several or joint.


Authorized Signatory                                  Authorised Signatory
                              FOR BANK USE ONLY
                       SUBMITTED      DEFERRED DEFERRAL PERIOD
                     NOT APPLICABLE
Board Resolution
Reference Forms
Passport Photograph
Signature/Mandate Card
Memorandum & Article of Association
Certificate of Incorporation /Registration
Particulars of Directors (Form C07) Trustees
Partnership Deed
Application for registration of business
Constitution
Resident/Work/Business Permit (if required)
Customer’s Address Verification
Customer’s Address Verification
Customer’s Identification (if required)
Others (c/s specify)

I confirm that documents received for opening the account have been reviewed and found
to be in order.
Deferral/Waivers of Documents-----------------------------------------------------------------
                                     Name                      Signature                  Date

Reviewing Officer--------------------------------------------------------------------------------
                                        Name                       Signature                  Date

Account opening approved by--------------------------------------------------------------------
                                    Name                       Signature                  Date

								
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