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Nairaland Forum / Nairaland / General / Business / Nigerian Bank Disobeying My Late Father's Directive. PLEASE HELP!!! (44763 Views)
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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: 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: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 |
.. |
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 164 Likes 5 Shares
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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. 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: 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(f): 4:01pm On Sep 01, 2020 |
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 15 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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