Banking · 5 min read
How to Open a Corporate Bank Account in Nigeria (Without Getting Rejected)
GTBank, Zenith, Access, UBA, Wema, Sterling, Stanbic - they all want the same documents. Miss one and your account sits in limbo for weeks.
A common pattern: founder finishes CAC, walks into a bank, fills the forms - and three weeks later the account is still 'pending'. Almost always it's a missing document or a SCUML gap.
The full 2026 documentation checklist
- CAC certificate + Status Report (or CTC of CO2, CO7)
- Memorandum & Articles of Association (LTD)
- TIN (FIRS) - banks pull it from FIRS but you must have activated it
- SCUML certificate (mandatory for DNFBPs - consulting, NGO, real estate, hotels, schools, jewellery, supermarkets, car dealers, etc.)
- Board resolution authorising account opening + signatories
- Two passport photos per signatory + valid government ID + NIN
- Utility bill of business address (≤ 3 months old)
- Two reference letters (often from existing corporate accounts)
- Specimen signatures
Common rejection reasons
- TIN auto-issued but never claimed → bank can't verify
- SCUML missing for a DNFBP business
- Director NIN mismatch with CAC record
- Utility bill in a different address from CAC record
- Mismatched name capitalisation between CAC and ID
AMG bundles it all
Done-For-You or Do-It-Yourself - AMG handles or guides every step. Call/WhatsApp 07038857441, 08103483669, 08158014880 or email growwithaccolade@gmail.com / theaccoladesmedia@gmail.com. Join the WhatsApp Channel: https://whatsapp.com/channel/0029VbBpOtL4IBhKWQtHSs3Z. Fees and timelines update through 2026 - confirm the latest with an AMG agent before paying.