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The following documents will be required to complete the online investment account opening

Open an investment account online or Download an investment account opening form

Individuals

  • Bank Verification Number (BVN)
  • Valid Utility Bill (must reflect client’s full names, current place of residence and signature)
  • Valid Means of Identification

Foreign Clients (in addition to the above – not conclusive)

  • Written confirmation from the customer’s bank attesting to his identity and account relationship history (bank reference)
  • Proof of source of funds (e.g. three months salary pay slip; or employer’s letter showing their remuneration; or six (6) months bank statement)

Corporate

  • Incorporation documents (Memorandum and Articles of Association, Form CAC 2 (Particulars of Directors, Form CAC 7 (Statement of Share Capital), Certificate of Incorporation/Business name certificate
  • Bank reference/ Bank Verification Number (BVN)
  • Valid means of identification for Directors/partners and Signatories
  • Passport pictures (directors and signatories)
  • Valid Utility Bill for the company (must reflect the company’s registered address)
  • Resolution appointing Cordros as stockbrokers and also appointing signatories.
  • Letter authorizing Cordros to open a stockbroking account on behalf of the company.
  • Letter appointing Cordros to act stockbrokers for the business name and also appointing signatories (Letter must be on their letterhead)

Estate Account

  • Valid Letters of Administration from the probate registry (to be verified at the probate registry).
  • KYC documentation for all the administrators (valid utility bill and means of identification).
  • Passport pictures (administrators)
  • If a person other than the administrators is being vested with authority to manage the account, such person must provide:
    • Registered Power of Attorney appointing such person(s) (signed and sealed)
    • The Power of Attorney must be signed by all the administrators
  • Bank reference in the name of the Estate.
  • Bank Verification Number (BVN) for each of the administrators
  • Death certificate
  • Newspaper publication (obituary)
  • Letter of appointment from the administrators appointing Cordros Capital Limited as the Stockbroker.

Clubs, Societies, NGOs, Trustees and Associations

  • Copy of certificate of registration certified by CAC
  • Charter/constitution of the club/society/NGO/Association
  • Valid means of identification of each of the Trustees
  • Valid means of identification of each authorized signatory
  • Valid utility bill issued in the last three months
  • Resolution appointing the signatories
  • Signature mandate duly executed by the signatories
  • Passport pictures (signatories and trustees)

Please ensure you have these documents saved for upload.
File formats allowed: PDF, TIF, DOC

Please note:

  1. If you are an existing investor with online access, please click here to login and access your account
  2. If you are an existing investor but do not have online access, please click here to register
  3. In order to sign the completed forms, we suggest you have access to a printer, fax or scanner
  4. You will also need Adobe Reader installed on your computer. Click here to download
  5. If you need further assistance, please contact us

Open an investment account online or Download an investment account opening form