M-NAIRA AGENT REQUIREMENTS

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					M-NAIRA AGENT REQUIREMENTS
The following are the requirements to be a fully authorized M-NAIRA agent:

A) STANDARD REQUIREMENTS

I) Minimum Agent outlets
Prospective agent must be a Registered Business or LIMITED company or Micro finance banks or a widow
or Orphans or equivalent with at least 1 outlet ready to offer M-NAIRA
Under the company names. The company MUST have traded for a minimum period of 3 months

Agent outlets must be in at least 2 different provinces and shall be audited prior to commencement of
Business.

Only applications for outlets in opportunity areas will be considered
The outlets must be located in Nigeria with the exception of the Head Office

MANDATORY REQUIREMENTS

Copies of the documents below must be attached to the application forms provided.
i) Generic Documents
a) Copies of Memorandum and Articles of Association
b) Certified copies of VAT and certificate where applicable
c) A brief profile of the Company/Business plan/Strategy
d) List of Outlets
e) Certificate of Incorporation or equivalent
f) Form CR12 or an equivalent form current to 3 months
g) Copies of IDs and Passport photos of Directors or persons playing an equivalent role
h) Copies of IDS of Office Administrators and Primary Assistants as indicated in the application forms
i) Completed agent application forms
j) Business permits for each of the outlets
k) 3 months trading history- proof of 3 months company bank statement

SACCOS
a) By Laws
b) Certificate
c) A brief profile of the SACCO
d) List of Outlets
e) Certificate of Registration
f) Form r.14 / Annual Returns to the Commission of Co-operatives
g) Copies of IDs and Passport photos of Executive Committee members
h) Copies of IDs of Office Administrators and Primary Assistants as indicated in the application forms
i) Completed agent application forms
j) Business permits for the Head Office

ii) Minimum M-NAIRA Float
An agent should invest: -
1. NGN 20,000 per outlet

B) STAND ALONE AGENTS
Special categories of Agents have been identified who may not have the minimum number of outlets
required but would be beneficial to M-NAIRA as agents. These Categories are Banks, Forex Bureaus,
Hotels, Major Supermarkets, Petrol Stations, Hospitals, Clinics and SACCOs.

Copies of the generic documents mentioned above also apply to this category
i) Minimum outlets
1 outlet
ii) Minimum Float balance
NGN 200,000 floats deposit in the M-NAIRA head office.

iii) Other requirements
Bank statements (This does not apply to banks, SACCOs, Forex Bureaus)
C) SPECIAL CATEGORY
Circumstances of appointment of special agents:
a) Remote locations (a radius of 50-80km from an existing M-NAIRA agent)
b) Temporary agents for special purposes – to be approved from time to time.
c) Unique operations (Hospitals)
Copies of the generic documents mentioned above also apply to this category
i) Minimum outlets: 1 outlet
ii) Minimum float: NGN 200,000 per outlet

D) Networks Operator AIRTIME DEALERS
Dealers are required to provide the following documents:
• Certificate of incorporation
• Form CR12 or an equivalent form current to 3 months
• Copies of IDS of Office Administrators and Primary Assistants as indicated in the application forms
• Completed agent application forms

E) GENERAL REQUIREMENTS – FOR ALL PROSPECTIVE M-NAIRA AGENTS
i) Premises and their Maintenance
An M-NAIRA agent must conform to our branding and merchandising policy. The minimum branding
requirements will be supplied to you on commencement of business.
ii) Staff
The agent should preferably employ competent staff with minimum of WASSCE or NECO to handle the
service.
iii) Technical Requirements
The agent head office must have the following equipment to ensure that operations are conducted in a
professional manner:
(a) 1 Computer Internet Data Card, 2 mobile phone, and ancillary equipment approved by M-NAIRA.
(b) At least 2 people to handle head office operations on a day to day basis (not on a full time basis).
(c) Internet connectivity with good connection speeds
(d) 1 printer for printing downloaded reports.
(e) Any other items/equipment necessary to conduct the business like desks chairs, stationery, pens and a
pay point.
(f) A telephone line either landline or mobile for contact.
(g) Official E-mail contact.
(h) ETR Machine
F) OTHER REQUIREMENTS
This may be communicated from time to time.
Please send mail to m-naira@esoftng.net for any clarifications
N/B:
• Processing of the application will take 10 Days from the receipt date
• All documents MUST be bound
Material for Agents

   1.   Umbellera
   2.   Plate table and chairs
   3.   T-Shirts and Caps
   4.   Users guide



   Phone :+2348068134762
   email : m-naira@esoftng.net

				
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posted:5/18/2012
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