[ ON LETTERHEADED PAPER OF COMPANY ]

THE FEDERAL REPUBLIC OF NIGERIA

THE COMPANIES AND ALLIED MATTERS ACT, CAP C20 LFN 2004

PRIVATE COMPANY LIMITED BY SHARES

BOARD RESOLUTION OF [ NAME OF COMPANY ]

(RC NO ________)

ATTENDANCE:
1. ……………………. Chairman
2. ……………………. Director
3. ……………………. Director

At the Meeting of the Board of Directors of [ NAME OF COMPANY ], a company

duly organized and existing under the Laws of the Federal Republic of Nigeria, whose
address is [ ADDRESS OF COMPANY ] (“the Company”), held at the above stated
address on the ____day of ___________, 2017, the following resolutions were duly
passed in accordance with the provisions of the Company’s Articles of Association:

1. THAT the Company be and is hereby authorized to open and operate a Naira account
(hereinafter referred to as the “Account”) with Guaranty Trust Bank Plc (”the Bank”);

2. THAT the following Signatories be and are hereby authorized to jointly or severally
operate the account on behalf of the Company:

NAME SIGNATORY CATEGORY

i. [ name of signatory ] [ category of signatory ]
ii. [ name of signatory ] [ category of signatory ]
iii. [ name of signatory ] [ category of signatory ];

3. THAT the following be and is hereby authorized as the Mandate for operating the
Account:

i. [ e.g. Signatory “A” signing alone ]

ii. [ e.g. Signatory “A” and “B” signing together ]
iii. [ e.g. Signatory “B” and “B” signing together for ……….amount ];

Dated this ____ day of ______________, 2017.

The Common Seal of the Company,

[ NAME OF COMPANY ]
was hereunto affixed in the presence of:

__________________ __________________
DIRECTOR DIRECTOR / SECRETARY