What do I need to open a bank account with Lenco?

Incorporated Trustees

These are businesses that are registered with the CAC as incorporated trustees. These businesses have an RC/BN number. Examples of businesses with this registration type include NGOs, religious organizations, professional associations etc.

Documents required;

• Certificate of incorporation: This is the Incorporated Trustees certificate.
• RC/BN: This is the Registration number for Incorporated Trustees.
•  Form Co7: This contains the particulars of directors.
•  Form Co2: This contains allotment of shares. 
•  You will also need to provide information on at least two directors of your business and 2 beneficial owners of your business. (BVN, DOB, ID, signature, phone number, Next of kin and address)
•  Tax Identification Number: This is a unique identification number issued to taxpayers by the FIRS.
•  Utility bill of not more than 3 months
•  Passport photographs
•  Referee
•  SCUML: This is required depending on the kind of business

Incorporated Company

This is a business incorporated with the CAC with an RC number. They include Private and Public companies as well as companies Limited by guarantee.

Documents required

•  Memorandum and Articles of Association
•  RC Number: This is the registration number for an incorporated company.
•  Certificate of Incorporation: Certificate showing that the company is duly incorporated.
•  Tax Identification Number: This is a unique identification number issued to taxpayers by the FIRS.
•  You will also need to provide information on at least two directors of your business (BVN, DOB, ID, signature, phone number, Next of kin and address)
•  Form Co7: This contains the particulars of directors.
•  Form Co2: This contains allotment of shares. 
•  Utility bill of not more than 3 months
•  Passport photographs
•  Referee

Business Name Registration

These are businesses registered with the CAC as Business Names. They have a BN number and are typically sole proprietorship businesses.

Documents required

• Certificate of Business Name: This is the Certificate showing that the Business Name has been registered with the CAC.
•  BN Number: This is the Registration number for the Certificate of Business Name.
•  You will also need to provide the information of at least one owner of the business (BVN, DOB, ID, signature, phone number, Next of kin and address)
•  Utility bill of not more than 3 months
•  Passport photographs
•  Referee