25/12/2020
Jaiz Bank has started receiving applications for the CBN non-interest interventions, and below are the bank's requirements.
Basic requirements:
a. Opening of bank account in any Branch of Jaiz Bank Plc. (if not having one already Individual Current/Sole Proprietor/Corporate)
b. Training with a CBN/NIRSAL MFB accredited EDI/EDC.
c. Submit a business case (application, detailed Business Plan/evidence of training - Certificate, other supporting documents CAC, License, etc)
d. Preferably Submit to Account officer or any Jaiz Bank Branch nearest to you (you will be required to defend/convince the bank of the business genuiety)
e. Collation/review for 1st batch ongoing for Submission to CBN
f. Request below 5 million requires Guarantors, Moveable Assets as collateral.
g. Request between 5 - 10 million requires landed property on simple deposit
h. Request between 10 - 50 million requires landed property on legal mortgage/perfection as the case may be
Best regards.
*Written by: Prof. A. A. Alaro*
_Source:_
_Prof. Alaro's Official Telegram Channel:_