KYC Requirements

Know Your Customer (KYC) Documentation Guidelines

In compliance with the regulatory standards of the Central Bank of Nigeria (CBN), all customers are required to complete the Know Your Customer (KYC) process before an account can be opened or financial services accessed.
These requirements help us:
• Verify customer identity
• Prevent fraud and financial crimes
• Ensure compliance with Anti-Money Laundering (AML) regulations
• Maintain a secure banking environment for all customers
Below are the documentation requirements for different account categories.

Individual Accounts

To open an individual account, customers must provide the following:

• Valid means of identification (National Identification Number (NIN) slip/card, Voter’s Card, Driver’s License, or International Passport)
• One recent passport photograph
• Proof of address (Utility bill, tenancy agreement, or verifiable residential/store/shop address)
• Bank Verification Number (BVN)
• Completed account opening form
All documents must be valid and verifiable. Our staff will assist you throughout the documentation and verification process to ensure a smooth onboarding experience.

Business / Corporate Accounts

For registered businesses, partnerships, and corporate entities, the following documents are required:

• Corporate Affairs Commission (CAC) Registration Documents (Certificate of Incorporation, Form CAC 1.1 or equivalent)
• Tax Identification Number (TIN)
• Valid means of identification for directors and authorized signatories
• Recent passport photographs of directors/signatories
• Board Resolution authorizing account opening (Where applicable)
• Proof of business address
• Bank Verification Number (BVN) of all authorized signatories
Additional documentation may be requested depending on the nature of the business or regulatory requirements.

Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT) Policy

We operate a zero-tolerance policy toward financial crimes.

In line with national and international AML/CFT regulations, we:
• Conduct strict Know Your Customer (KYC) verification
• Monitor transactions to detect suspicious activities
• Report required transactions to relevant regulatory authorities
• Train our staff regularly on compliance obligations
These measures help us maintain a safe, secure, and credible banking environment for all customers.

We are committed to making the KYC process efficient while ensuring full regulatory compliance.

If you require clarification on any document, our customer service team is always available to guide you.

Testimonials

What Our Clients Say

Banking with Multivest MFB Limited made growing my business so much fast. Their loans are quick to access, and flexible to repay.

Wale Adebayo

CEO, Adebayor Enterprises

Growing my business has been so stress-free with the loans I secure from Multivest Microfinance Bank - thank you!

Adamu Bello

Director at Dynamic Autos

With the financial support from Multivest MFB, I get loans loans to improve my food business. They're truly supportive.

Catherine Uche

Director at Chatheylicious Foods

OUR PARTNERS

Meet Our Partners

We are legally recognised by the Federal Government of Nigeria, regulated by the CBN, insured by NDIC and collaborate with Bankers Committee.

At Multivest Microfinance Bank, we are committed to empowering individuals, entrepreneurs, and businesses with accessible, innovative, and customer-focused financial solutions.