Customer’s Name………………………

Address………………………

Date………………………………

Phone Number ……………………

The Manager,
Parallex Bank Limited
……………………….
Victoria Island
Lagos

Dear Sir/Ma,

Letter of Lien Placement

In consideration of ………….Borrower’s name……. crediting my Parallex Bank account

No………………………………. with the sum of N……………….
(………………………………………………………………… only),
I, ………………………………………………………………………. hereby authorize Parallex Bank
Limited to place lien in the sum of N……………. (…………………………….
……………………………) in my above referenced account number domiciled with the Bank in respect
to the above credit entry.

Please find below my account details;

Account Name

Account Number

I hereby grant to the Bank all my rights in the above stated account and deposit by way of continuing
security, and I fully understand and hereby agree that the funds deposited in the said account under the
Bank’s lien will not be released to me or be withdrawn in anyway whatsoever until receipt of a letter of
discharge from ……...Name of Borrower………

This letter of lien shall be binding on me. I hereby agree and undertake to indemnify Parallex Bank
Limited on account of the said lien in the event of a dispute, wrong or incorrect revocation of lien.

Yours faithfully,
…………………….

Customer’s Name / Signature.

Name……………….

Address………………
 Date………………………

Phone Number ……………

The Manager
Parallex Bank Limited
…………………….
Victoria Island
Lagos

RE: RELEASE OF LIEN AND TRANSFER OF FUNDS

Further to my instruction, the Bank had placed a lien on my account number ………………….. in favour
of ……….name of Borrower…...

Kindly take this instruction as your authority to remove the lien on my account and transfer the sum of
N………………. (…………………………………………………….only) to …………name of
Borrower…….

Please find below my account details:

Account Name

Account Number

Please find below account details of ………..name of Borrower………:

Account Name

Account Number

Thank you.

Yours faithfully,

………………………………
Customer’s Name / Signature.