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A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! - Business (6) - Nairaland

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Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by CeterisXVII: 10:58pm On Sep 17, 2019
kopey:
The problem that most bank do face in most cases on deceased customer account is to discover that, it's polygamous family where other children brought letter from lawyer indicating he has other children. The bank will be reluctant to release such money because in most cases, the way letter of administration is done in Nigeria might not notify the family involved before such letter is issued.Kindly approach the bank operation manager and discuss with him to know the delay. I think is a small matter only the bank want to be careful in releasing such money if the deceased die intestate.
Do you know anything about the way banks operate? If the man is polygamous, it is NOT the bank's business.

All they need is the letter of administration issued by the probate registry. All the names of the administrators are listed there.

Any name that is not included, does not concern the bank. If the family likes, let them have 100 other children that were borne by the deceased.

E no concern di bank, o! They will only deal with those whose names are listed in the letter of administration. End of story.....

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Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by VajanahDischaj(f): 11:06pm On Sep 17, 2019
wabbyland:


forgive me for asking too much question. is it the bank office in Abuja or the court? forgive me once again for asking this question
U are free to ask cos me i go happy if u get justice, i believe there are people playing onnyour intel and trying to cheat you.

Visit the HUMAN RIGHTS RADIO ABUJA once u have tried all other alternatives. u cud google to read about the founder and how he has helped millions of people worldwide. You cud email the station directly, and in your mail copy the bank an other relevant authorities. drop your nos here let me chat u up.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by brightchiemeziem: 11:20pm On Sep 17, 2019
Bro listen very well, frgt lawyer, have you heard about a man called THE ORDINARY PRESIDENT by name Mr Ahmed, he ankor a program on air in HUMAN RIGHTs RADIO here in abuja, browse more about him, I bet you he is the only one that can help you recover this money you are talking abt...
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 6:07am On Sep 18, 2019
chigoziri2403:
do you know the details on the mandate card
Sorry for responding late as throughout monday I was @ the bank and also busy yesterday.
Please what is mandate card?
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 6:10am On Sep 18, 2019
Lexusgs430:

Do you know his closing balance?
The money keeps building monthly
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 6:15am On Sep 18, 2019
zubby4567:

my dear Go to brekete family radio for Abj 101.5 and complain u will recover your Dads money as soon as possible
I'm not based in Abuja.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 6:22am On Sep 18, 2019
The bank I'm talking about is UNION BANK, EKET, AKWA IBOM STATE.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 6:26am On Sep 18, 2019
EtihadAirways:
What about his Pension?
That is the money i'm talking about which is building every month.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by wabbyland(m): 6:44am On Sep 18, 2019
VajanahDischaj:
U are free to ask cos me i go happy if u get justice, i believe there are people playing onnyour intel and trying to cheat you.

Visit the HUMAN RIGHTS RADIO ABUJA once u have tried all other alternatives. u cud google to read about the founder and how he has helped millions of people worldwide. You cud email the station directly, and in your mail copy the bank an other relevant authorities. drop your nos here let me chat u up.

thank you for wanting to help. +2347085510075 is my number on WhatsApp. thank u once again
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by EtihadAirways(f): 6:48am On Sep 18, 2019
Pinkybush:
That is the money i'm talking about which is building every month.

Which PFA is that? I work with PFA also, the PFA have paid the money into his bank account?
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Lexusgs430: 6:49am On Sep 18, 2019
Pinkybush:
The money keeps building monthly

That's good.... So long no unauthorised withdrawals are happening. That's good news......
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by pacespot(m): 7:54am On Sep 18, 2019
Pinkybush:
Good morning Nairalanders.

Few months ago I sought for help from this forum in my post titled "I'm About To Lose My Dad's Contributory Pension Bankers/Lawers Help", of which I received good comments.

One of those comments was for me to approach the court for a "Letter Of Administration" if I'm the next of kin or the beneficiary to my dad's properties.

Hello, I've responded to your question if you check my previous post. I just want to ask:

Please, how much time did it take and cost to get your Letter Of Administration issued?

After a long process at the court, I was finally issued with the said letter. I then took the letter to the bank where my dad was operating after being advised to open an Estate Account.

I then applied for Estate Account, but up till today they (bank) have refused to open that account giving flimsy excuse always. I'm beginning to suspect foul play from the bank.

Can I open such account in another bank while presenting the bank my dad was operating with account number for the money to be transfered in or sue the bank while they pay for damages?

HELP!!!
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Nobody: 8:03am On Sep 18, 2019
Pinkybush:
The bank I'm talking about is UNION BANK, EKET, AKWA IBOM STATE.
Almost too late. Something you should have added when it was still hot. Do you know how many top officials visit here? Add it to the topic gangan or just open another thread more like an update and if it graces front page again make sure the bank is there. And see the way it’s paining me ehn. Since you’ve said the bank. Twitter is next. When you’re ready for that just mentions me. I’ll give you list of top influencers you’ll mention and some other banks you’ll tag. Those banks will cause small damage for them too
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by pacespot(m): 8:05am On Sep 18, 2019
Pinkybush:
Good morning Nairalanders.

Few months ago I sought for help from this forum in my post titled "I'm About To Lose My Dad's Contributory Pension Bankers/Lawers Help", of which I received good comments.

One of those comments was for me to approach the court for a "Letter Of Administration" if I'm the next of kin or the beneficiary to my dad's properties.

After a long process at the court, I was finally issued with the said letter. I then took the letter to the bank where my dad was operating after being advised to open an Estate Account.

I then applied for Estate Account, but up till today they (bank) have refused to open that account giving flimsy excuse always. I'm beginning to suspect foul play from the bank.

Can I open such account in another bank while presenting the bank my dad was operating with account number for the money to be transfered in or sue the bank while they pay for damages?

HELP!!!

Hello, I've responded to your question if you check my previous post. I just want to ask:


Please how much time did it take and cost to get your Letter Of Administration issued?
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 8:21am On Sep 18, 2019
EtihadAirways:


Which PFA is that? I work with PFA also, the PFA have paid the money into his bank account?
Please what do you mean by PFA?
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Pinkybush: 8:27am On Sep 18, 2019
pacespot:


Hello, I've responded to your question if you check my previous post. I just want to ask:


Please how much time did it take and cost to get your Letter Of Administration issued?
It took me almost 5 months. Partly because of how to raise funds to pay for some charges
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by EtihadAirways(f): 9:06am On Sep 18, 2019
Pinkybush:
Please what do you mean by PFA?

PENSION FUND ADMINISTRATOR. If the money you are talking about is Pension money it is easy
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by pacespot(m): 10:49am On Sep 18, 2019
Pinkybush:
It took me almost 5 months. Partly because of how to raise funds to pay for some charges

Thank you for your prompt reply.

Like how much are we talking about to collect the Letter Of Administration: what is the total cost?

I just need the estimate, thanks for your reply!
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by 1johnjohn(m): 10:55am On Sep 18, 2019
pacespot:


Thank you for your prompt reply.

Like how much are we talking about to collect the Letter Of Administration: what is the total cost?

I just need the estimate, thanks for your reply!




Depends on your fathers property and also the lawyer.
First you need to justice department to get a form which all your fathers properties would be listed.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by pacespot(m): 11:13am On Sep 18, 2019
1johnjohn:





Depends on your fathers property and also the lawyer.
First you need to justice department to get a form which all your fathers properties would be listed.

OK, I heard they charge a percentage (12% or so), not a fixed amount.

Do you need other siblings of your father to accent to the Letter of Administration or just the next-of-kin (which I'm)?
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Nobody: 12:01pm On Sep 18, 2019
galantjoe:


The poster did not specify whether his later father pension RSA or his bank account balances that they refuse him up access.

If iT is pension RSA then he needs not to open any estate account

The post is vague with limited details

Hmmm.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Nobody: 12:02pm On Sep 18, 2019
wabbyland:


I'm not ashamed of asking. kindly educate me on the differences between the two. I'm have the same problem with my late dad's pension as I've not even gone close to it for like 4-5 years after his death.

no need , it is forfeit.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by 1johnjohn(m): 1:35pm On Sep 18, 2019
pacespot:


OK, I heard they charge a percentage (12% or so), not a fixed amount.

Do you need other siblings of your father to accent to the Letter of Administration or just the next-of-kin (which I'm)?


Yes Government has a fixed amount...every thing would be calculated depending on what you put in d form


Yes you need atleast you and one other of siblings.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by wabbyland(m): 2:20pm On Sep 18, 2019
quentin06:

no need , it is forfeit.
I don't get you. why is a forfeit? is there no other way to get it again?
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by chines4(m): 3:41pm On Sep 18, 2019
Pinkybush:
That is the money i'm talking about which is building every month.
Bank don't handle pension, they can only transfer your fathers balance to the estate account. Its the pension fund administrators that handles the pension fund
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by chines4(m): 3:45pm On Sep 18, 2019
pacespot:


OK, I heard they charge a percentage (12% or so), not a fixed amount.

Do you need other siblings of your father to accent to the Letter of Administration or just the next-of-kin (which I'm)?
You need all your siblings concent and that of your Mother who is his spouse
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by famouscargo4u: 3:47pm On Sep 18, 2019
OlaSammie:
Take this to twitter, tag the bank, CBN and if you don't have plenty followers, you can tag popular twitter figures.

This is the best way to get quickest response. put it on twitter. copy the bank, CBN, NIBBS and other popular people. DO NOT ACCEPT ANY LAWYER (simply because they will claim percentage on the money). Apparently, the branch MD having being notified that the your parent is late might want to invest the money in short term investment(like TBILLS) to make profit before remiting same into the estate account.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by SURElee(f): 11:09am On Sep 19, 2019
Pinkybush:
Please for the sensitivity of the issue I won't mention the bank's name. The only thing left is for that bank to open an estate account and transfer in the money, which they are frustrating

For the sensitivity you will not name the bank? Then you are not ready to get that money. Haven't you realized in Nigeria except some banks and some service providing companies are called out openly and on social media, they don't act and do their job fast?

Okay be doing sensitivity there. When you are tired of their Bleep up, you by yourself with your wide mouth will call them out.

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Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Nobody: 12:02pm On Sep 19, 2019
wabbyland:


I don't get you. why is a forfeit? is there no other way to get it again?

you can try using a lawyer, I dont know why you had to for 4years after his death, they ought to have been notified immediately after his death so that they can start processing claims.
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by Dangrace01: 2:56pm On Sep 19, 2019
stnkembu:
When did u submit the LOA to the bank?
What is the exact excuse your bankers are giving you?
Usually, your bank will send the LOA to their legal department to confirm its authenticity.
The time frame for such verification varies and may run into weeks, depending on how fast/slow the lawyer handling is.


I HAve a similar issue. the legal team told me to bring an account number belonging to my dad who died 20 years ago. i have done everything you said above.

i wanted to open an estate account for transfer of shares

1 Like

Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by elchariotlp: 7:04pm On Sep 19, 2019
CeterisXVII:

Do you know anything about the way banks operate? If the man is polygamous, it is NOT the bank's business.

All they need is the letter of administration issued by the probate registry. All the names of the administrators are listed there.

Any name that is not included, does not concern the bank. If the family likes, let them have 100 other children that were borne by the deceased.

E no concern di bank, o! They will only deal with those whose names are listed in the letter of administration. End of story.....

You are absolutely correct but law isn't technical. Once there is an objection against a valid LA, the Bank may be reluctant to release the money.

The reason is that it is better to hold the money while the family sort their differences rather than release the money and be directed by Court to pay to another party.

Mind you, once there is a protest letter against a Letter of Admin, it's safer to thread with caution as they may likely end up in court
Re: A Bank Is Frustrating Our Efforts To Recover Our Late Dad's Money. Help!!! by 1johnjohn(m): 7:04pm On Sep 20, 2019
Dangrace01:



I HAve a similar issue. the legal team told me to bring an account number belonging to my dad who died 20 years ago. i have done everything you said above.

i wanted to open an estate account for transfer of shares




May the.lord.help me...thats what I want to use it for...

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