Bobomaigida:


Hi Joke,

The case seems simple, however, my suggestion on tackling it will be a gamble, which might work or not work depending on the provenance of the fund.

The good thing is that they have requested you to provide statement from a commercial bank.

Get a reference from the MFB stating that you are the owner of the fund and how long the funds have been fixed, also get a statement from them that is at least six months old. This letter should also state that you have access to the funds at all times. If possible, let them include their official email address for confirmation purposes.
Liquidate the funds and move it your commercial bank account where you will generate another statement to show the inflow of the funds.

Then write a detailed LOE to explain why you had to save the money in MFB - ie They pay higher interest rate on savings, ensuring the value of the fund is maximized.
Refer IRCC to the CBN regulations on MFB especially Section 3 (a) (permissible activities) and Section 12 (b) (sources of fund) where the former states that MFB can receive deposits from any individual not just poor persons, and that as a matter of fact you are considered a high NetWorth customer because of deposit you made into the bank, while the latter states that the sources of fund for MFBs amongst which is deposit from customers which can be anyone like you. Then state that because you have access to the fund you can make use of it anytime especially when you need to make foreign payments by moving the funds to your commercial bank like you have done presently.

Bobomaigida:


Hi Joke,

The case seems simple, however, my suggestion on tackling it will be a gamble, which might work or not work depending on the provenance of the fund.

The good thing is that they have requested you to provide statement from a commercial bank.

Get a reference from the MFB stating that you are the owner of the fund and how long the funds have been fixed, also get a statement from them that is at least six months old. This letter should also state that you have access to the funds at all times. If possible, let them include their official email address for confirmation purposes.
Liquidate the funds and move it your commercial bank account where you will generate another statement to show the inflow of the funds.

Then write a detailed LOE to explain why you had to save the money in MFB - ie They pay higher interest rate on savings, ensuring the value of the fund is maximized.
Refer IRCC to the CBN regulations on MFB especially Section 3 (a) (permissible activities) and Section 12 (b) (sources of fund) where the former states that MFB can receive deposits from any individual not just poor persons, and that as a matter of fact you are considered a high NetWorth customer because of deposit you made into the bank, while the latter states that the sources of fund for MFBs amongst which is deposit from customers which can be anyone like you. Then state that because you have access to the fund you can make use of it anytime especially when you need to make foreign payments by moving the funds to your commercial bank like you have done presently.

Bobomaigida:


What was the reason for the PFL?

If the reason is something that can be explained with evidence to show that the applicant is not guilty of what he/she has been accused of, then the best course of action will be to write a detailed structured letter addressing the subject and backing it up with evidence.

GeneralChuck:
7.6mil (lump sums paid internally from January this year and small deposits made gradually)
Not married
Own a company ( but did not deem it necessary to submit SOA, only submitted my personal savings account)
2 Landed property (one presently on rent, showed the tenancy agreement)
also submitted license for Pawn and Thrift gotten from my state government .

thanks for your response

Pinkygirly:
I tap into this testimony!!!! I will be applying for the 3rd time this December. the first application was refused due to purpose of visit which I tackled and the second was refused due to assets and finance.

Please if I make the money in my account up to 5m for one person, will be okay. I already paid one year tuition and my elder brother who is a UK-based pharmacist is my sponsor.

Am08020407288b:
My bvl don drop today but am yet to see the final decision
Hope is normal things
June 29 applicant
Am just scared

ManlikeDee:
Glory be to God in the highest!!! Long thread!!! 3rd time applicant.
TIMELINE
1st Application - Visit visa (2019)
Biometrics - 11th March, 2019
Don’t know much about it

2nd Application - Study visa
1. IELTS - 24th September, 2021 (Passed, but didn’t attach it)
2. Upfront medicals - 5th October, 2021
3. Application submitted - 13th October, 2021
4. Medicals passed - 25th October, 2021
5. BVL - 20th January, 2022
6. Application denied - 20th January, 2022
7. GCMS note - 5th March, 2022 (Taking the applicant's plan of studies into account, documents submitted show some funds seem available, but there are concerns that the modest funds would be sufficient and available for the whole course. I am not satisfied that the proposed studies would be a reasonable expense. Weighing the factors in this application. I am not satisfied that the applicant will depart Canada at the end of the period authorized fortheir stay. For the reasons above, I have refused this application).

3rd Application - Study visa
1. Reapplied - 23rd June, 2022
2. Medicals passed - 13th October, 2022 (didn’t even know), (later removed on the 17th/18th)
3. Eligibility - 16th October, 2022
4. BVL - 20th October, 2022
5. Application Denied - 21st October, 2022

Teemenzo:


Haba ha ha, why na?

Read his post very well. Kilode

makano:
Hello greeners

Honestly, there is no specific timeline for this..

I have seen applicants getting a final decision days after Eligibility started..

And also months after Eligiibity started..

But most of the Final decisions that came days(2-3 days) after Eligibilty started has been refusals..

This is just based on my observation though, as the operation of IRCC can't be 100% known..

Peace