Areaboy2:


No.. the probate office issuing the LOA is the one taking this money. you pay it into their bank account, come with your receipt for them to process the letter.. it takes time ooo

I am processing one now at maitama Abuja they only told me to pay 16900 for everything I will going there with my lawyer on Thursday as I was told with the help of a lawyer they can process it less than 2 months

Don't involve any lawyer. You will pay lawyer and still get the letter of administration later. Go and get the letter of administration. Get an insider in the registry to help you bring down the cost or you pay what is legally required.

Officialgarri:
Meet Barrister Chris Elisha. He has practiced law for 15 years

And he posseses extra ordinary brain power which he activates and deactivates every morning with kai kai , aromatic schnap or brukutu.

Psalter:
Did your mum sign the mandate form? If yes, the implication is that your mum is a co-signatory to the account of your father whether dead or alive. She is therefore entitle to operate the account without any let or hindrance. The requirement for letter of administration becomes necessary upon the death of all the signatories to the account. I will be willing to handle this matter for you gratuitously (free of charge). Please oblige me with your number and i will place a call to you.

U are right, Unless if it is stated that both must sign to operate the a/c. But if the mandate stipulates that, both must sign, she must provide further legal documents, like death certificate and letter of admnistration if either party dies.

Adakintroy:
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?

Young man, hope you're fine?

I have been in this issue before. It was the same LETTER I GOT BEFORE I WAS ABLE TO GET MY LATE FATHER'S MONEY IN HIS ACCOUNT ..I will advice you to proceed to court to get the LETTER OF ADMINISTRATION... By getting it, you'll be able to access the money immediately... Do just that...
Call me here, I will advise you more.... 08064425362..
Forget the LAWYER STUFF..

homesteady:
What is the letter of administration supposed to achieve?

Threaten them that you will take them to court. What they are doing is nonsense.

That's the protocol.

Make I run go open joint account. Even if I no put all my money there, at least make something reasonable dey there. Just imagine if the money involve is the only money the man leave behind for his people.

ZKOSOSO:
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...!

If you like dance unclad. He has to follow due process.

MASTAkiLLAh:
they want you to go to court so they’ll lost you in the labyrinth of Nigeria’s judicial system

Mr labyrinth, longest time, how have you been

zuma4k:
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.

I am not a banker or a lawyer but I'm not sure if any bank will honor what you described as the express mandate. What would have helped is a co-signatory status with the mandate that "either may sign". This would have helped the wife.

The other thing that could have helped is a will. I guess, the wife will wait till the will is executed before having access to such money though.

My mandate to my wife is that if anything happens to me, she should move any and every money in the accounts to which I have made her co-signatory. Then she can relax and cry for as long as she wants. I trust my family but I just have to avoid stories or at least let her be in a comfortable position while the story is going on.

But the bank is funny oh. So they wanna eat out of the dead man money again No conscience at all.

zuma4k:
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.

Instead of you to let Nigerians help your family drag the yeye bank, you're there typing X Bank this this X Bank did that.

Let us help you drag them on twitter and see if the rubbish would not come your house to carry your mum in their official car to their Headquarters to sign the necessary documents and claim her husband sweat smoothly.

zuma4k:
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.

A fixed deposit is not a bank account.

A bank account must have signatures, valid ID cards and passport photographs of the signatory or signatories. And for your mother to be able to withdraw in your father's absence, the account mandate must be stated, EITHER SIGNATORY TO WITHDRAW. In which case you don't even need to tell the bank that your father is late.

Many bankers don't have conscience. Your daddy's account officer must have understood his request to make your mother a Co and Independent signatory in his absence but many bankers are not committed to their jobs.

A fixed deposit will always originate and terminate into a savings or current account which must have the full qualities of what I described above.

Perhaps your mother was never made an independent signatory in the originating account.

Jonakez:
I have been in this issue before. It was the same LETTER I GOT BEFORE I WAS ABLE TO GET MY LATE FATHER'S MONEY IN HIS ACCOUNT ..I will advice you to proceed to court to get the LETTER OF ADMINISTRATION... By getting it, you'll be able to access the money immediately... Do just that...
Call me here, I will advise you more.... 08064425362..
Forget the LAWYER STUFF..

aah you dropped your contact too quickly, you must be a good man, hope say no be express you wan carry am go.

Get an experienced lawyer.

zuma4k:
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.

The bank is correct. If the mandate is for both signatories to sign then I'm not sure the bank will agree.

Psalter:
Did your mum sign the mandate form? If yes, the implication is that your mum is a co-signatory to the account of your father whether dead or alive. She is therefore entitle to operate the account without any let or hindrance. The requirement for letter of administration becomes necessary upon the death of all the signatories to the account. I will be willing to handle this matter for you gratuitously (free of charge). Please oblige me with your number and i will place a call to you.

OP don't waste time and money...go to the High Court and get the LOA. No lawyer can help you bypass the LOA. A lawyer is suppose to know that the moment a bank request for a LOA, it means the mandate is both to sign, if it's for either to sign, they won't ask for LOA except if the staff that attend to you didn't check well. All you need to do is go to another branch of the bank, if you are told the same thing. Jejely go and get the LOA...only the probate Court will get you the money. Good luck

[quote author=zuma4k post=93429908]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. [/quote

It's simple. Just get a letter of administration from a court and tender it to the bank alongside the death certificate. You can get a lawyer to help you on this as the lawyer together with the court rep are the ones to tender the documents on your behalf to the bank. That was the case with me though. Wish you the best.

zuma4k:
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.

Nigerian law stipulates that once a person dies, his or her assets can only be accessed through his assets administrators which can only happen through a letter of administration processed through the court.

You the son, your mother, any of his brothers or parents must be included as the administrators.


And government will collect a percentage to issue the letter.


The bank is only obeying the law

This is not joint account

Your father added her.

Please you need letter of Administration and death certificate

I'm a Banker

Fheelzz:
All these grammars sef i no jus understand

my blodaaa i tire oooh

homesteady:
What is the letter of administration supposed to achieve?

Threaten them that you will take them to court. What they are doing is nonsense.

Letter of administration is usually granted by the probate registry in a situation where a man or woman dies intestate I.e without a will. The letter of Administration grants the beneficiary the access to the deceased estate. In law estate could be both movable and immovable asset. And also liquid asset.

kolagbemi:


OP don't waste time and money...go to the High Court and get the LOA. No lawyer can help you bypass the LOA. A lawyer is suppose to know that the moment a bank request for a LOA, it means the mandate is both to sign, if it's for either to sign, they won't ask for LOA except if the staff that attend to you didn't check well. All you need to do is go to another branch of the bank, if you are told the same thing. Jejely go and get the LOA...only the probate Court will get you the money. Good luck

Don't mind them.


LOA is a must to have access to any late person in Nigeria under Nigerian law.

Nobody can bypass LOA!


Lawyers know the truth but some wicked ones won't tell the op until they have collected enough money from his lean pocket lol

SailorUgo:
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

E no go work.

Bank workers fear prison pass okija shrine.

Na law requirements, mek im go do the letter of admin and collect im papa's money.

No letter of admin no money.

zuma4k:
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.

May your dad's soul rest in peace, but please he made a big mistake by not including your money as co-owner of the money. Why will she wait until his demise to have access to the money? Are they not one again. men need to learn.
I just lost my mum but I used SMS code to withdraw her ,oney shrp sharp.

I feel your pain,Young man but you see there is something called procedure unfortunately at this time which you must follow.There must be a letter from goverment to prove that you father is dead and that truly the will and not Bank agreement gives you permission to stand up on his behalf,more importantly that goverments share of your fathers estate is not cornered by your family alone.

what i am saying is that you must pay your tithe to govermnet by the way of Letter of Adminisrator.

Oya quickly go and meet your lawyer they will educate you more and leave childish exuberance alone.

zuma4k:
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.

You need a letter of administration. Our dad died last November and we are currently processing ours. We started June and we are the stage where we have to bring two sureties. Our law- firm helping us have been very fast and before November, we will get funds.

Openbusiness:
But the bank is funny oh. So they wanna eat out of the dead man money again No conscience at all.

The contract was between the man and the bank.
The man is late, contract is now void.

The wife ceased to be a co-signatory the day the man.

15 wetin? This lawyer looks hungry and unkept after 15yrs.

Officialgarri:
Meet Barrister Chris Elisha. He has practiced law for 15 years

cnandy:
This is not joint account

Your father added her.

Please you need letter of Administration and death certificate

I'm a Banker

last last he will still get the LOA if not he has enriched the bank by whatever amount his late father had with the bank lol.


If his father had a will, then there may not be need for LOA.



Only a will can override LOA, though I am not too sure a will override a LOA, but it should.


So op go and process a letter of administration to have access to all your late father's estate.

SocialJustice:
Self medication is not the right way to treat yourself. Most times, it works but the day it will fail you, you could lose your life. No use your life do kalo kalo. Besides, how much does it cost to visit general hospital? Awoof dey run belle.

It's not everyone that can afford hospital bill.There was a time I had some painful boil at my back.I was bursting them until it started hurting me like I was poured hot palm oil.I visited a private hospital but I couldn't afford a bill of #13k.I walked straight to a pharmacy shop.After the pharmacist exermined the affected area I was given some antibiotics for as low as #1k,not becham.When I swallowed them for 3 days the affected areas dried up and I was relieved.