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Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! - Business - Nairaland

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Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by zuma4k(m): 5:16pm On Aug 31, 2020
Please fellow nairalanders, I need your opinions on this and if possible front page. It's quite personal and goes like this.
1. Mr Adam (my father) opens a fixed deposit account with X Bank. He subsequently submits his wife's details and makes her a co-signatory to the account with the *express mandate* that upon his demise, his wife exercises automatic access to the account and it's proceeds. Does this amount to a valid contract between him and the bank?.

2. Note that after his death the bank reneged on the primary provision of his directive, stating that a letter of administration must be procured (at an exorbitant cost).
Stated Reasons bothers on the fact that under banking laws and the principles of a valid contract, a contract between a depositor and the bank terminates upon the demise of the individual thus rendering the *mandate* unenforceable and invalid.
Please mods I need this on front page. Thanks.

34 Likes 5 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by SocialJustice: 5:23pm On Aug 31, 2020
Talk to a lawyer, don't waste your time here.

279 Likes 10 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by JBiden: 5:56pm On Aug 31, 2020
SocialJustice:
Talk to a lawyer, don't waste your time here.

Asin eh.

69 Likes 3 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by NwaafoNgwa: 6:22pm On Aug 31, 2020
Lalasticlala, mynd44, seun. Frontpage please, a nairalander is in need being saved from extortionists and needs legal advice from experienced persons in the field.

9 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by bigt2(m): 4:43am On Sep 01, 2020
You no get lawyer? How much did they tell you the Letter of Administration would cost that is exorbitant? Are they to do that for you?

21 Likes 1 Share

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Fheelzz(m): 8:04am On Sep 01, 2020
All these grammars sef i no jus understand

49 Likes 1 Share

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by homesteady(m): 8:16am On Sep 01, 2020
What is the letter of administration supposed to achieve?

Threaten them that you will take them to court. What they are doing is nonsense.

15 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by zuma4k(m): 2:42pm On Sep 01, 2020
homesteady:
What is the letter of administration supposed to achieve?

Threaten them that you will take them to court. What they are doing is nonsense.
Thanks for your response, they're trying to make us spend needless money. I need more suggestions apart from just routine advice on consulting a lawyer.

13 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Pearly255(f): 3:59pm On Sep 01, 2020
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Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Mindlog: 3:59pm On Sep 01, 2020
Go seek legal counsel.

4 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Officialgarri: 4:00pm On Sep 01, 2020
Meet Barrister Chris Elisha. He has practiced law for 15 years

163 Likes 5 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Afam4eva(m): 4:00pm On Sep 01, 2020
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Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by KINGJAJA888(m): 4:00pm On Sep 01, 2020
Mr man . Go See a lawyer asap nd Stop all this long talk. sad

6 Likes 1 Share

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by westlius(m): 4:00pm On Sep 01, 2020
Tell them u will go to court and treating them u will also use social media to claim you mandate.
Boom they will pay u when they hear social media

28 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Mindlog: 4:00pm On Sep 01, 2020
zuma4k:

Thanks for your response, they're trying to make us spend needless money. I need more suggestions apart from just routine advice on consulting a lawyer.

Do you want to consult a doctor for it?

56 Likes 2 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Sosorrymods(f): 4:01pm On Sep 01, 2020
The bank is right. My advice is to find all property including shares, other bank accounts etc and include all in the Letter of Administration.

4 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Blitzerz: 4:01pm On Sep 01, 2020
Get a lawyer sharply
Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by jacoik(m): 4:01pm On Sep 01, 2020
please what's the meaning of Nigeria bank because I just came back from Ghana and will be going to Togo tomorrow

17 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by MikeMicheal(m): 4:01pm On Sep 01, 2020
This is enormously incredulous and it is obviously a deliberate attempt to not relinquish the funds of the demised.

9 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by jamalnation(m): 4:01pm On Sep 01, 2020
i jst confuse
Go get a lawyer
Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Camos: 4:01pm On Sep 01, 2020
Hmm

1 Like

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Farki: 4:01pm On Sep 01, 2020
Scam bank, please which one is it so I can avoid them?

21 Likes 1 Share

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by GreenArrow1(m): 4:01pm On Sep 01, 2020
Hmmm. These banks can be annoying.
Anyway, a letter of administration will basically make you pay 10% of the amount in the bank to the registry at the judiciary. Very annoying in my own case as that 10% was huge.
I understand your pain OP.

57 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Greenishland: 4:01pm On Sep 01, 2020
sad
Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by daddytime(m): 4:01pm On Sep 01, 2020
My dear brother, I can understand how you feel about the entire bureaucracies but yes, the bank is right in their assertion.

A letter of administration or LOA is a standard requirement to enable a next of kin(s) to access a deceased's account.

It might seem stressful and expensive but its wholly legal the world over.

91 Likes 3 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by ladyF(f): 4:01pm On Sep 01, 2020
Why not just get the letter of administration.

7 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by AgentGoat: 4:02pm On Sep 01, 2020
Get a lawyer asap
Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by Adakintroy: 4:02pm On Sep 01, 2020
See how vain the church as an institution has become. The Pentecostal that profess the holy spirit could not perform roles of spirits.

Comfort! The great conforter..Mourn with those mourn. It's emphasy was on reopening. So I ask you very educated Christians. To what end is the a church?

1 Like 2 Shares

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by SailorUgo(m): 4:02pm On Sep 01, 2020
Carry the bank manager go one corner
Calmly tell am say u wan forget about the money
Say u dey carry ur papa dead body go deposit for one strong IJEBU shrine or OkIJA shrine

And u go only bury the corpse when dem pay u the money.


Nah dem go find you come!

Thieves angry angry

14 Likes

Re: Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! by ZKOSOSO(m): 4:02pm On Sep 01, 2020
Crase for dem.
Just demo a little gbege for dem in the banking hall.....!

Dem go soji Las Las.

Dem wan chop ya papa sweat...!

3 Likes

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