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  4. Foreign Currency Draft Issue

A draft is a written order by a Bank irrevocably undertaking to pay on demand a specified sum of money to the order of a specified person. Presently our foreign currency drafts are drawn on Citibank New York for US Dollar drafts and Standard Chartered Bank London for Pound Sterling drafts.

Requirements

  • A funded domiciliary account in the currency of the draft required OR
  • A draft can be issued from a Naira account but requires additional documents in accordance with Nigerian foreign exchange regulations.
  • A properly written and duly signed customer instruction

Customers can submit a copy of their Foreign Currency draft request at any of our branches nationwide or send to our Funds Transfer Unit at Plural House, Plot 1669, Oyin Jolayemi Street, Victoria Island, Lagos