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Do Nigeria Banks Have The Right To Retain 10% From A Deceased’s ? (40271 Views)
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peacenaija(m): 4:12pm On Sep 10, 2020 |
Dear Nairalanders, Trust we all keeping safe. I really need clarification from bankers and experienced persons in the house. A friend of my lost her father recently and they have started receiving their father’s entitlement which was paid into the domiciled with a Nigerian bank operated by the deceased. However, my friend’s mum lost their dad’s ATM, so they reported to the bank with the death certificate and requested for a new ATM or the money moved to another but the bank is now asking for a letter of istration and they will take 10% of the money left in the deceased . My grouse is not the letter of istration but the 10% they are asking on another person’s entitlement. Is there any law backing this? How can we go about it because the money is a substantial amount? I'd appreciate your advice and clarifications. Thanks 42 Likes 6 Shares |
weyreypey: 4:14pm On Sep 10, 2020 |
Midoda!! Dingbang All ye bankers Come and answer this question 7 Likes 1 Share |
NwaNimo1(m): 4:16pm On Sep 10, 2020 |
In Naija......aka the zoo/shiithole, anything goes! grab that moni whilst you can 39 Likes 2 Shares |
Re: Do Nigeria Banks Have The Right To Retain 10% From A Deceased’s ? by Nobody: 4:17pm On Sep 10, 2020 |
No, they don't. Write about it to the CBN, so far the deceased no owe dem any money. 183 Likes 13 Shares |
majamajic(m): 4:18pm On Sep 10, 2020 |
Mine was worst , not even 10% Let me sit here 8 Likes 1 Share |
peacenaija(m): 4:20pm On Sep 10, 2020 |
BabaOwen: I wonder oo, we will do as advised. Thanks 34 Likes 1 Share |
Omihanifa: 4:23pm On Sep 10, 2020 |
The percentage varies from 5% to 10% depending on the State and it's going to be paid to the state government where the letter of stration is made and approved
121 Likes 6 Shares |
peacenaija(m): 4:31pm On Sep 10, 2020 |
Omihanifa: Okay, so what's the charge actually for? Which service have the provided? I'm sure that they will pay for the letter of istration when it's time to get it 16 Likes 3 Shares |
BrighterMe: 4:41pm On Sep 10, 2020 |
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bolaayenimo: 4:42pm On Sep 10, 2020 |
Nigerian banks are thieves. So if N1b was left in the , they will received 10 per cent of it. For what?
51 Likes 5 Shares |
MalaikaEH(f): 4:54pm On Sep 10, 2020 |
Get the ninety percent first, then fight for the remainder if you really have the time, because the bank and state will surely make it a prolonged issue.
174 Likes 11 Shares |
dingbang(m): 5:22pm On Sep 10, 2020 |
Wonderful. The only thing that is being debited from a deceased is search report which is not even based on % basis. I am just hearing this for the first time.
38 Likes 6 Shares |
seniormallam(m): 5:35pm On Sep 10, 2020 |
Very true, going to the state government pox, Baba just thank God, some stingy father's won't even let you know they have with such money then they'll now die suddenly, it's either one bank staff move the money or after 10years the money get moved to CBN. Some men are stupid sha, how can you decide to dash government your life savings instead of disclosing your s to your wife or child even if they don't know the balance at least they have the number 132 Likes 9 Shares |
IamWonderful: 5:37pm On Sep 10, 2020 |
Nigeria is where the bizarre are norms
8 Likes 2 Shares |
AlfaSeltzer(m): 5:40pm On Sep 10, 2020 |
Lawyers need to pay rent. Get one.
9 Likes |
elchariotlp: 6:36pm On Sep 10, 2020 |
Either the Staff that advised you is ignorant or you did not understand the advise given. 10% of the money is payable as Estate Fee to the Government. The sum is usually paid by the s (survivors of the deceased) before the Letter of istration is issued while in some states, the Court directs the Bank to deduct the 10% and remit it to the state while the Balance is made available to the s. All that the Bank deducts averages 5k to 10k expanded in confirming the Letters of istration or Court Order from the Probate Registry or Court respectively. 220 Likes 28 Shares |
YorubaKinging: 8:13pm On Sep 10, 2020 |
The end is near
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Enn214(m): 8:14pm On Sep 10, 2020 |
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MorataFC: 8:14pm On Sep 10, 2020 |
Haaa
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daddytime(m): 8:14pm On Sep 10, 2020 |
elchariotlp Thanks for doing justice to the topic. 7 Likes |
Felajack: 8:14pm On Sep 10, 2020 |
Yes
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merieam16(f): 8:14pm On Sep 10, 2020 |
I av nothin to say...just ing by
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MorataFC: 8:15pm On Sep 10, 2020 |
dingbang:I'm hearing it for the first time too |
ednut1(m): 8:15pm On Sep 10, 2020 |
To be remitted to the government.
1 Like |
CalabarPikin: 8:16pm On Sep 10, 2020 |
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Dpsychologist: 8:16pm On Sep 10, 2020 |
Banks are the smartest thieves
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AFvckingAlpha(m): 8:16pm On Sep 10, 2020 |
The fvck Niggarr!! Nigerian banks and their plots to always subtly steal money from their customers. I will scatter any bank that try shit with me. They should go and ask the UBA in the Unilorin campus. I did shege for the female bank manager. 2 Likes |
alizma: 8:16pm On Sep 10, 2020 |
Pls when things like this happen, do us a favour by calling the bank's name in capital letter so that everyone will know which bank in Nigeria to avoid. Intact calling the bank name will help solve your problem than you think. The idea of keeping things in secret is one of the problems we have in this country. You are more of an accomplice than a victim by keeping the identity of an evil organisation or person in secrecy Just imagine suffering to save 10m and death struck, some set of thieves will sit under the acc to claim 1m that they didn't work for. Tomorrow they will declare profit as if they are hard working to have make such profit. Executive arm robbers 139 Likes 10 Shares |
Offpoint: 8:17pm On Sep 10, 2020 |
They tax all you all your lifetime and you still pay for dying ![]() Interesting country. 11 Likes 1 Share |
loadedvibes: 8:17pm On Sep 10, 2020 |
This is new
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LaIabobo: 8:17pm On Sep 10, 2020 |
Yes, seek more clarification. The money is not for the bank but the government.
17 Likes |
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