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Hello Nairalanders my mom just came accross her fathers expired atm and a simcard which she insert it and saw an alert of 234k naira, pls how can i take that money out of the account?? Or she need to involve a lawyer to help her with the procedure thanks.

Lalasticlala abeg help me move this thread to front page for more recommendation and suggestions

darkstar6971:
Hello Nairalanders my mom just came accross her fathers expired atm and a simcard which she insert it and saw an alert of 230k naira, pls how can i take that money out of the account?? Or she need to involve a lawyer to help her with the procedure thanks.

You are not his next of Kin. Go and hustle

But na my mom i wan assist in removing the money instead of leaving it for the bank bruh.

Northernblood5:
You are not his next of Kin. Go and hustle

Carry MadamVanessa to the bank, the banker seeing her alone will do all her bidings

Which bank and is the sim still active?

darkstar6971:
But na my mom i wan assist in removing the money instead of leaving it for the bank bruh.

Okay.

pocohantas:
Following the thread on unrecovered funds from a deceased's bank account
https://www.nairaland.com/5314151/how-banks-bankers-getting-richer

I noticed the reoccurring misconception of the next of kin. I will like to address some of these misconceptions and how to recover such funds (to the best of my knowledge).

THIS IS FOR PERSONS WHO DIED INTESTATE (WITHOUT LEAVING BEHIND A VALID WILL)


1: Who is a next of kin (NOK)?
The NOK is the closest living (mostly) blood relative to an individual. For some people, it could be their spouse, parent, siblings, children…even friends.

2: What is the NOK entitled to?
NOK is just a contact person, he/she is NOT AUTOMATICALLY ENTITLED TO THE DECEASED’S ESTATE. Emphasis on automatically because there are situations where the NOK would eventually double as the BENEFICIARY.

3: Who is a BENEFICIARY?
A beneficiary is someone who receives all or part of the deceased's estate.

4: What then is the NOK for?
You might be wondering, since the person won’t be given your funds without paperworks, why fill that space in your Account opening forms? Well, the NOK is that person to be contacted in event of emergencies or whenever the need arises. It shouldn't be a minor.


PROCEDURES TO RECOVER FUNDS FROM A DECEASED'S BANK ACCOUNT;

A:—The survivor(s) to the deceased should head to the Probate Registry in a High Court to apply for an administration of deceased estate/properties. This application must be accompanied by a DEATH CERTIFICATE and can be done IN PERSON OR THROUGH A LEGAL PRACTITIONER.

The process to get the LETTER OF ADMINISTRATION is very much the same across states, though there might be slight differences. Application must contain the following;

-Full names of deceased.
-Date of death of deceased.
-Last residence before death.
-Name of proposed administrators

You will be guided on every other form to fill or required documents and identification.

Persons that can apply for the letter of administration are generally called NOKs and are classified in this heirarchy;

– Surviving spouse(s) of the deceased
– Children of the deceased
– Parents of the deceased
– Brothers or sisters of the deceased of full blood or the children of such sibling.
– Brother or sister of the deceased of half-blood or the children of such sibling.
– Grandparents of the deceased
– Uncles and aunts of full blood or their children

B:—The Probate Registry would give you a letter of confirmation to be taken to banks, financial houses as well as stockbrokers the deceased shared business relationships with. This will enable them disclose the deceased's financial standing as of that date.

C:— Return the confirmation to the Probate Registry. They will add up the deceased’s balances and apply their charges. You will be required to make payments. After payments, the paperwork for you to be administrator would be concluded.

D:—Upon issuance of the Letter of Administration, it should be taken to all the (SUSPECTED) banks where the deceased had accounts for claims. The beneficiary can then decide to open an estate account to move the funds or take it cash. When he/she opts for the latter, the bank would issue a bank draft.


NOTE:
>>2 guarantors (preferably with landed properties) would be required to fill some documents, to support their application to the probate registry, before the letter of administration can be issued.

>>The process could take some time because publication would be made in the gazette or newspaper. This is to give any interested person the opportunity to object and file a caveat to the grant of letter of administration to the applicant.

>>Objection may be raised within specified period for filing a caveat. In the absence of any, the letters of administration would be granted.

>>There are various fees to be paid before its application is evaluated and approved.
However, once approved by the Probate Registry, an estate fee of 5-10% (depending on the state) of the estate's value is paid to the State Government where the Letter of Administration is made and approved.


>>Is there a statute of limitation on filing for the estate of a dead relative? If there is, how long is it?

No, there isn’t. Whenever the relatives are up to it, they would be given the funds upon presentation of necessary documents.

>>What happens when the relatives do not know all the deceased’s bank accounts?

In this era of BVN, the relatives can state this request at the Court. They would help with an order mandating the bank to make known all accounts linked to the deceased.

Use the bank code and the pin on the atm card with the acct no. to do a password reset then u can transfer the money to another acct.

Dm for fast recovery, and thank me later

Lol. beware of scammers

It's Gt bruh yes the line is still active.

eddy55:
Which bank and is the sim still active?

darkstar6971:
Hello Nairalanders my mom just came accross her fathers expired atm and a simcard which she insert it and saw an alert of 230k naira, pls how can i take that money out of the account?? Or she need to involve a lawyer to help her with the procedure thanks.

Purchase airtime with the registered SIM card and sell it off for cash to a vendor like bingpay or this guy https://www.nairaland.com/5610988/legit-airtime-buyer-here-exchange

But the debit card expired bruh

eddy55:
Use the bank code and the pin on the atm card with the acct no. to do a password reset then u can transfer the money to another acct.

Before you die. Carry your family along

Thank you nairalanders i have finally got a a to the mobile banking, thanks guys... make i first comot 50k enjoy cuz my mom expectation for the account na 234k

darkstar6971:
Lalasticlala abeg help me move this thread to front page for more recommendation and suggestions

Use the no. on the atm card to create a pin.

No atm put i manage to set am thanks.

eddy55:
Use the no. on the atm card to create a pin.

darkstar6971:
No atm put i manage to set am thanks.

How u take set am without atm

Plus u said gt bank im seeing unity bank

darkstar6971:
Thank you nairalanders i have finally got a a to the mobile banking, thanks guys... make i first comot 50k enjoy cuz my mom expectation for the account na 234k

Enjoy bro. Abeg wire me 2k sha 072 500 9340 access bank

Yes o naso they just pass me to otp side yess srry it is unity nt GT

kozmokaz:
How u take set am without atm

Plus u said gt bank im seeing unity bank

Ok

Thugnificent:
Enjoy bro. Abeg wire me 2k sha 072 500 9340 access bank

darkstar6971:
Thank you nairalanders i have finally got a a to the mobile banking, thanks guys... make i first comot 50k enjoy cuz my mom expectation for the account na 234k

Thief!

You have no scruples about stealing from your own mother.

You are part of everything that is wrong with Nigeria!

darkstar6971:
Ok

thanks bro

SavageResponse:
Thief!

You have no scruples about stealing from your own mother.

You are part of everything that is wrong with Nigeria!

Calm down. The man is his grand father.

Let him enjoy.

Karleb:
Calm down. The man is his grand father.

Let him enjoy.

Yes I agree the dead guy was his grandfather but he is not the Next of Kin.

To make matters worse he recovered the money and still went ahead to under-declare the amount to his mother, this makes him a thief!

SavageResponse:
Yes I agree the dead guy was his grandfather but he is not the Next of Kin.

To make matters worse he recovered the money and still went ahead to under-declare the amount to his mother, this makes him a thief!

Rest abeg