₦airaland Forum

texazzpete:
Why would you assume the family will not approach the courts for legal backing to trace accounts tied to the BVN?

And yes, people do approach the courts in many cases, especially when there's no will. The process could drag on, but it's not unending.

From experience and from other situations I have seen, most families do not approach the courts first when they want to get access to the funds in the account of the deceased. They first go straight to the bank where the deceased had his accounts.

When you have a bad wife, hiding your wealth is a sure way of living longer.

pesinfada:
please don't say what u don't know......next kin mearnt alot

Have you ever worked in a bank? w

You go girl! Hopefully, you're not giving him any of that money that you're hustling for. Tell him to get it from his side chick. The one that has his sons!!

needful:
My dear, the simply truth of the whole thing is, men in naija doesnt value women at all and these goes along way to show u the reason why they do not like female child, once only a female child is involved, they simply start pregnanting every girl on the street so as to have a male child. I took my time to go thru all the comments here and the only thing I figured out was the fact that this men married this ladies to give them kid. They do not value u one bit. Alot of women are suffering while their husbands are enjoying with their side chicks outside. I pity ladies who haven't realise this fact. I already knew about this fact, so even before I married, I let my hubby knew that am not in for any housewive, so I husssle to spend my own money as I do not care how much he has got. I had 3kids all girls and am not bothered. Even if he decides to marry 200% wives to have a male child, I do not care because I already knew my position and can comfortably take care of my pretty girls with or without any man. I blame ladies who rely on all this ass holes called men. Naija law will always favour them any time any day. Naija as a country will never ever get better because of the mentality of this men ruling us.

PrecisionFx:
Stop spreading ur ignorance online. Once a person dies, his next of kin takes the necessary steps from collecting Death certificate to collecting court affidavit and then they will fill out any necessary bank forms and then they get full access to the money.

No sir, the ignorance on this board is actually oozing from your end. I served as a corper in a bank, and I witnessed a lot of this stuff first hand. Most families do not come to the bank with any court affidavit or court papers, when they come to lay claim to the money in the account of the deceased.

Only very few even come in with the death certificate. And no bank in Nigeria, will release funds from a dead man's account to his next of kin based on just a death certificate and a court affidavit.

Go and check. They still need to bring letters of administration issued by the probate registry, or a duly executed will bearing all the legal stamps.

, I hope the ignorance in your mind will be duly cleared by this short explanation. Now buzz off....

Duggedised12:
so what if a person is not aware but only suspects their dead relative had money stashed up in the bank? How does a person go about it?

He needs to get a copy of the deceased's cheque book or passbook or any little document showing the deceased had an account with the bank. Then he can request for the account balance in that man's account.

With that info, the relative can approach the probate registry to get letters of administration. At this point, he might need a lawyer to assist with the filing of relevant documents.

The probate registry conduct their checks after the necessary fees have been paid, and then proceed to issue a letter of administration.

It is with this letter, that an application can then be made to the bank, to get funds released from the dead man's account, to either the next of kin or the deceased's beneficiaries, or the administrators of his estate.

1StopRudeness:
Why are u guys talking like the bank has automatic death notification on accounts...people leave money in banks for whateva reasons known to them...
The bank couldn’t have known the account owner is deceased....
so where is this “the bank bank Is keeping quiet about it” is coming from.

Until next or Kins or any other family come forward with solid proof of tie to the deceased there’s nothing the bank will do.....

Just to add:next of kin doesn’t mean anything to banks, it’s just protocol for account opening.
Becos pictures of next of kin are not submitted neither is the biometrics taken at point of opening.. so anyone can go and do valid ID in the name of that next of kin to claim money that’s not theirs.... so weda next of kin or any family member, they will need to proof beyond doubt they are the mans relative either nuclear or extended...

Thank you, o! I have been trying to explain this same thing to some clowns on this board, and they have been trying to insult me...

Daboomb:
If this is exactly as you wrote it, the bank can be charged to court for Negligence and even contributing to his death, if they can establish that his death was DIRECTLY CAUSED by the Bank refusing to make funds available, his own money, for his treatment.

We Nigerians take things for granted and refuse to TEST the limits of the law on all issues.

The bank cannot be charged with anything. The man did not make his wife a signatory to his account. So the bank was under no obligation, to allow any third party withdraw anything from his account.

Before the man went abroad for treatment, he should just have added his wife or another trusted family member, as a signatory to his account.

laudate:
The bank cannot be charged with anything. The man did not make his wife a signatory to his account. So the bank was under no obligation, to allow any third party withdraw anything from his account.

Before the man went abroad for treatment, he should just have added his wife or another trusted family member, as a signatory to his account.

You know Nigerians don't read those plenty forms they sign. They just tick "I agree", then add their signature with date sef

seanchuks:
that is where she is coming from...the banks don't inform them after d demise except dy come by dia self and claim...because in mose cases you fill the next of kin without inform d person he's ur next of kin

How will the banks know that the account holder is dead? Are they psychic?

laudate:
He needs to get a copy of the deceased's cheque book or passbook or any little document showing the deceased had an account with the bank. Then he can request for the account balance in that man's account.

With that info, the relative can approach the probate registry to get letters of administration. At this point, he might need a lawyer to assist with the filing of relevant documents.

The probate registry conduct their checks after the necessary fees have been paid, and then proceed to issue a letter of administration.

It is with this letter, that an application can then be made to the bank, to get funds released from the dead man's account, to either the next of kin or the deceased's beneficiaries, or the administrators of his estate.

OK ,thanks for your response. it means if nobody is aware of the money being stashed up in the bank, then its gone.

Duggedised12:
OK ,thanks for your response. it means if nobody is aware of the money, being stashed up in the bank, then its gone.

Unfortunately, yes.

laudate:
Unfortunately, yes.

too bad. But isn't banks supposed to contact the next of kin after the account is dormant for some time? . I ask this because access called me on one of my dormant account to find out why i wasn't funding the account anymore.

Duggedised12:
too bad. But isn't banks supposed to contact the next of kin after the account is dormant for some time? . I ask this because access called me on one of my dormant account to find out why i wasn't funding the account anymore.

No sir. There is no obligation on the part of the bank to contact you, if your account is dormant.

The only thing a few banks do, is to assign some dormant accounts to new recruits/ hires, in their quest for funds, or in their strategy to meet their targets.

Those new officers could then call you to reactivate your account, especially if that account was formerly witnessing a high turnover of funds, before it became dormant.

Secondly, if there was any suspicious activity on your dormant account like someone trying to make a withdrawal from it, this could prompt them to get in touch with you, to confirm if you were behind that activity.

But other than these reasons, no bank will contact you in respect of a dormant account in Nigeria

laudate:
Have you ever worked in a bank? w

is it only in d bank thy use next of kin?

pesinfada:
is it only in d bank thy use next of kin?

Now you are asking an irrelevant question. The topic of this thread, was solely related to banks.

Psoul:
If you are in a marriage where u keep too much secrets, things will always go wrong. Even when u die, ur face will look anguish.

I know all...infact, my wife told me about all her accounts. I know the ATM PINs. I know where her ATM cards are at any time. Sometimes she gave it to me to hold for her.

She as well know mine and their PINs. She knows where to locate them at any time. She knows my Mobile Bank details.
If eventually anything happens to me now, she won't have any difficulty getting my money out from bank.

Be nice to ur spouse. Live like one soul. Build trust and love and you will ever ready to do anything for ur spouse.

Husband acct balance ;30 billion naira
Wife acct balance;300 thousand

Husband give wife atm pin
Wife give husband atm pin

who come be scammer amongst the two

laudate:
No sir. There is no obligation on the part of the bank to contact you, if your account is dormant.

The only thing a few banks do, is to assign some dormant accounts to new recruits/ hires, in their quest for funds, or in their strategy to meet their targets.

Those new officers could then call you to reactivate your account, especially if that account was formerly witnessing a high turnover of funds, before it became dormant.

Secondly, if there was any suspicious activity on your dormant account like someone trying to make a withdrawal from it, this could prompt them to get in touch with you, to confirm if you were behind that activity.

But other than these reasons, no bank will contact you in respect of a dormant account in Nigeria

OK,that was actually because of the ATM i refused to claim as they did automatic renewal when the old one expired and had been debiting me for years,i was even shocked to get the call. And i am not a sir o.Thanks for your time.

drmikeadams:




Husband acct balance ;30 billion naira
Wife acct balance;300 thousand

Husband give wife atm pin
Wife give husband atm pin

who come be scammer amongst the two

You are not yet mentally matured to go into marriage or all your life, you have bn rolling with partners you never loved nor trusted.

My wife knows where my ATM cards are and their PINs. She has never attempted taking a dime out from my account. Well she may not even need it cos I have bn able to establish a good business for her where she use her money anyhow(though she never uses money anyhow cos she is a prudent spender). I keep cash at home. She cannot take even N100 without telling me. Same with me, I cannot take any money, either from her bank account or the one in her room without her consent.
Recently, our house rent got expired and we have to pay for school fees for our kids and the househelp. My wife one evening looked at me and felt I was worried. She said, "Honey, I want to believe that u are stressed cos of the financial loads of paying school fees and rent the same time. Don't worry, let me pay for the kid's school fees while u take care of the house rent". Can u imagine the relief?

So my brother, when u are able to live like this with ur spouse, u can never think of who is scamming who cos that will never arise. U will have unity of purpose. U will protect her and she will do the same cos anything that happens to her will also affect u.

Psoul:
You are not yet mentally matured to go into marriage or all your life, you have bn rolling with partners you never loved nor trusted.

My wife knows where my ATM cards are and their PINs. She has never attempted taking a dime out from my account. Well she may not even need it cos I have bn able to establish a good business for her where she use her money anyhow(though she never uses money anyhow cos she is a prudent spender). I keep cash at home. She cannot take even N100 without telling me. Same with me, I cannot take any money, either from her bank account or the one in her room without her consent.
Recently, our house rent got expired and we have to pay for school fees for our kids and the househelp. My wife one evening looked at me and felt I was worried. She said, "Honey, I want to believe that u are stressed cos of the financial loads of paying school fees and rent the same time. Don't worry, let me pay for the kid's school fees while u take care of the house rent". Can u imagine the relief?

So my brother, when u are able to live like this with ur spouse, u can never think of who is scamming who cos that will never arise. U will have unity of purpose. U will protect her and she will do the same cos anything that happens to her will also affect u.

who said I was gonna get married

drmikeadams:
who said I was gonna get married

May it be unto u according to ur words

PrecisionFx:
There are no certain laws, stop creating falsehood in ur head. It is the law worldwide to get an affidavit n death certificate before u access the funds of a dead person, it is a due process that must be followed and it is gross falsehood that u forfeit any money to the government. Stop spreading false information.

Are you sure about this? I haven't being in this situation personally, but I have seen relatives of deceased people complain about the rigours they had gone through to claim funds from the bank, sometimes even forfeiting the said money...perhaps they're doing something wrong?

The height of stupidity - cutting of ur nose to spite your face , typical of Nigerian men - too much ego too little sense ! as if ur children won’t suffer for it

kelvine:
Many are not happy in their marriage so they wonder.
Why will this woman inherit my hard labour and still roll with a strange man

Omudia11:
And men are very prudent in going around sleeping with little girls old enough to be their daughters and maltreating their wives. Can't eat your cake and have it.

what has maltreating wives has to do with been financially prudent as a man

lefulefu:
u refering to slayqueens and slaymamas. There have been cases of a number of widows who use the proceeds left by their late husbands to see the kids through school. Some with little or nothing left by the late husband deny themselves of the good things of life just to see the best of the children.

these widows you mention are women of the past generation, who hare focused and will do everything for their children not women of the present, anyway, i pity for many children that the slay mama and queens will give birth to, when their husband is dead, the suffering of left behind children begins all because of lazy wife.

kentoski:
Are you sure about this? I haven't being in this situation personally, but I have seen relatives of deceased people complain about the rigours they had gone through to claim funds from the bank, sometimes even forfeiting the said money...perhaps they're doing something wrong?

Everything in Nigeria is rigorous, that's expected in this case as well. As soon as the required documents are collected, the money is released to the family of the diseased

PrecisionFx:
Everything in Nigeria is rigorous, that's expected in this case as well. As soon as the required documents are collected, the money is released to the family of the diseased

You're not sure, judging by the attitude of Nigerian financial institutions towards your money while yourey still alive, to compare with when the person is now deceased.

breezeng:
Unfortunately, the court official also do collude with unscrupulous bank officials. But the time you finish all the court processes which take a long time, you may be confronted with an already looted account. Nothing you can do since no-one knows the account details. By then, you would have paid all the official fees while the govt will also be waiting at a corner to deduct another percentage of the money. At times up to 30 %. It's a bad situation. Am aware that the Nigeria Senate knows about this and they promised taking action on the issue but none yet. Its pathetic.

But before applying to the probate registry, try as much as possible to get the last bank statement of the deceased, or his account balance to know how much is left there.

Involve the police & lawyers, if you have to, as the banks do not like giving this information out easily, to anyone except the account holder

The charges to be paid in the probate registry, is usually a percentage of the value of the deceased's assets, and the funds he left behind.

klufs:
In this day and age, no one can keep a secret account any more, everything is connected to the BVN. Unless the fund is illicit then the owner would have to take deliberate steps to keep it unconnected to his/her BVN.
Once your BVN or even one account is known at any bank, all the accounts connected to the owner will be known.
Also, next of kin has nothing to do with who gets the money, it is the administrators on the letter of administration or Executors as stated in the will.
This thing your saying used to happen, but BVN solved it.
It can only happen when the family is not exposed at all.
Some people have valid reasons for hiding their money from their spouses. Some wives will give you their family Bill. I'm not married, but from experience with girlfriends, I see valid reasons to keep money away.

I am curious. Even if you know the BVN of a deceased person, how does that give you info about his account balance, if you do not work inside his bank where the account is domiciled, and you do not have his debit card, cheque book or ATM pin? Just asking.

I believe only hackers can get access to funds in an account without going through the account holders' bank, once they know his BVN.

okpurukata:
Next of kin does not work in Nigeria my brother. It is who submits a letter of administration first. The best bet is to make your partner a signatory. Even if the man or woman dies, then the partner can access the funds directly. Any outsider bringing a letter of administration will no longer hold water.
Its good to know these things.

I Applaud u for this great piece of Information.

pocohantas:
Banks have always been making mad money from dormant accounts. Starting from the ones who never told their families of such accounts or the ones whose relatives were oblivious on how to claim the funds.

I see someone talking of NOK. I can't state it enough, the NOK isn't automatically the beneficiary to an estate. There are so many things that could be done with the NOK details, like tracking you in event of fraudulent transactions ...but automatically transferring your funds to their accounts isn't one of them.

From experience, women most times have someone (asides their husband) who knows their debit card and account details. A grown up child or sibling. Maybe because they can act pretty clueless on banking procedures.

Men are always faster to mention their brother or child's name. Women will most times say "who else? My husband. Or my child".

Also, the woman's family are not usually so quick to come for whatever money they presume she has, like the man's side do.

I would never understand why people would even marry someone they can't trust with their money. But since it happens everyday, they should at least make provision for their kids. That is my own...

you spoke my mind to be honest