Network Capital Limited - Estate Account Opening Form

Step 1 of 8

Estate Details

ESTATE ACCOUNT - STEP 1 OF 8

Estate Details and Legal Authority

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This account is for administering investments belonging to a deceased person’s estate. All administrators/executors must complete KYC, and probate documentation must be verified before activation.

Application Role and Estate Identity

Applicant Role*

Beneficiary

Administrator / Executor

Guardian

Application Date*

Names of Administrators / Executors*

Name of Client / Estate*

Full Name of Deceased*

Deceased Date of Birth

Date of Death*

Nationality / Nationalities

Probate / Legal Authority

Authority Document Type*

Letters of Administration

Probate / Last Will

Court Order

Probate / LA Reference Number*

Probate Registry / Court*

Date Issued*

Estate TIN / Tax ID

Upload Letters of Administration / Probate / Will*

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Click to upload or drag and drop

PDF/JPG/PNG · Probate document will be verified

Upload Death Certificate*

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Click to upload or drag and drop

Certified copy preferred

Upload Newspaper Publication / Obituary*

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Click to upload or drag and drop

Clear publication page or obituary notice

Letter appointing Network Capital as Stockbroker*

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Click to upload or drag and drop

Signed by all administrators/executors

Power of Attorney, if applicable

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Click to upload or drag and drop

Required where another person is authorised to manage the estate account

ESTATE ACCOUNT - STEP 2 OF 8

Administrator / Executor 1 Details

Personal Details

Title*

Surname*

Other Names*

Date of Birth*

Gender*

Male

Female

Marital Status

Nationality / Nationalities*

Place of Birth

State of Origin

LGA

Mother’s Maiden Name*

Spouse Name, if applicable

TIN

Contact and Identification

Residential Address (Not P.O. Box)*

Mailing Address

Home Telephone

Office Telephone

Mobile*

Email Address*

Residence Permit No. (if applicable)

ID Type*

International Passport

Driver's Licence

National ID Card

INEC Voter Card

ID Number*

Issue Date

Expiry Date

Place of Issue

Administrator 1 Passport Photograph*

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Click to upload or drag and drop

Current clear passport photo

Administrator 1 Valid ID*

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Click to upload or drag and drop

Front and back where applicable

Administrator 1 Proof of Address*

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Click to upload or drag and drop

Utility bill, bank statement or rental agreement

ESTATE ACCOUNT - STEP 3 OF 8

Administrator 1 Employment, Funds and Bank

Employment Details

Employment Status*

Employed

Self Employed

Unemployed

Retired

Other

Business / Occupation

Appointment Date

Business / Employer Name

Business / Employer Address

Approx. Annual Income

Currency

Source of Investment Funds*

Estate Assets

Employment

Business

Inheritance

Other

Estate Bank Account Details

⚠

Settlement proceeds should be paid only to the verified estate bank account or other account lawfully approved by the administrators and accepted by Compliance. Third-party payments are not permitted.

Bank Name*

Branch

Bank Account Number*

Nigerian bank account must be exactly 10 digits

Confirm Bank Account Number*

Bank Account Name*

Administrator 1 BVN*

BVN must be exactly 11 digits

Bank Sort Code

Bank Reference in the Name of the Estate*

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Click to upload or drag and drop

Bank reference letter or banker confirmation

ESTATE ACCOUNT - STEP 4 OF 8

Additional Administrators / Executors

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Where there is more than one claimant, administrator or executor, each person should provide KYC information, passport photograph, valid ID, proof of address and signature specimen.

Number of Administrators / Executors*

Administrator / Executor 2

Full Name

Mobile

Residential Address

BVN

TIN

ID Type

ID Number

Administrator 2 Passport Photograph*

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Click to upload or drag and drop

Current clear passport photo

Administrator 2 Valid ID

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Click to upload or drag and drop

Front and back where applicable

Administrator 2 Proof of Address

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Click to upload or drag and drop

Utility bill, bank statement or rental agreement

Other Administrators / Executors

Names and contact details of any additional administrators/executors

Additional Administrators KYC Pack

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Click to upload or drag and drop

Upload one consolidated PDF where available

Signature Specimens for All Administrators*

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Click to upload or drag and drop

Required for mandate setup

ESTATE ACCOUNT - STEP 5 OF 8

Signature Mandate and Authorisation

Signature Mandate

How should mandates be executed?*

Sole Signatory

Any Two Signatories

All Signatories

Custom Mandate

Mandate Wording*

Authorised Representatives

Representative 1 Name*

Designation

Rep 1 Signature Specimen*

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Click to upload or drag and drop

Signature image or signed specimen

Rep 1 Passport Photo

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Click to upload or drag and drop

Optional if already uploaded

Representative 2 Name

Designation

Rep 2 Signature Specimen

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Click to upload or drag and drop

Signature image or signed specimen

Rep 2 Passport Photo

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Click to upload or drag and drop

Optional if already uploaded

Attestation

Accuracy Attestation

I/We attest that all information provided in this Estate Account application is true, accurate and complete. I/We undertake to notify Network Capital Limited immediately where any change occurs, including changes to administrators, executors, authorised representatives, contact details, bank details, mandate or legal authority.

Name, signature and date will be captured at submission / execution stage.

ESTATE ACCOUNT - STEP 6 OF 8

PEP, Investment Profile and Source of Funds

PEP and Political Position Checks

Has any administrator/executor occupied a political position?*

Yes

Most recent political position occupied, dates and person involved

Have close relatives/associates of any administrator occupied a political position?*

Yes

If yes, provide names, relationship, position held and dates

Investment Profile

Proposed / Expected Use*

Estate Preservation

Dividend Collection

Long-Term Investment

Sale / Distribution

Other

Expected Initial Investment / Portfolio Value

Time Horizon

Risk Type

Would you like to create a NASD Account?

Yes

NIN for NASD setup

Source of Funds / Estate Assets Explanation

ESTATE ACCOUNT - STEP 7 OF 8

Legal Disclosures, Indemnity, Terms and Charges

Declarations and Agreements

1. Risk Disclosure Statement

Investment in securities carries risk. The value of securities may rise or fall and an investor may lose part or all of the investment. Transactions are executed on a best-efforts basis and at prevailing market conditions, not at a guaranteed price.

Network Capital Limited acts as an execution-only stockbroker and does not provide investment advice unless expressly agreed in writing. Administrators/executors should consider whether each mandate is suitable for the estate, beneficiaries and applicable legal authority.

I/We confirm that I/we have read, understood and accept the Risk Disclosure Statement.

2. Email Indemnity and Electronic Instruction Mandate

I/We consent to the use of email, phone or other approved electronic communication for instructions, confirmations and evidence. I/We understand the risks of delay, non-receipt, third-party interception, unauthorised access, data corruption and technical failure.

I/We authorise Network Capital Limited to act on instructions from authorised representatives and agree to indemnify Network Capital Limited from losses arising from genuine instructions received through approved channels, except where caused by proven fraud, negligence or wilful misconduct by the firm.

I/We accept the electronic instruction and email indemnity terms.

3. Terms and Conditions

Mandates: Mandates must show the estate/client name, CSCS account number, date, security, quantity, price limit where applicable and authorised signature/approval.

Deadline: Mandates should reach Network Capital by 8:00 AM on the intended trading day. Late mandates may be processed on the next business day.

Funding and Settlement: Purchase mandates require sufficient cleared funds. Sale proceeds are paid only to the verified estate account or approved account details on record. No third-party payment instructions will be honoured.

Regulatory Compliance: All transactions are subject to applicable SEC, NGX, CSCS, AML/CFT and Nigerian law requirements. Network Capital may request additional documents, verify probate documents and report suspicious transactions where required.

Termination / Dormancy: The relationship may be closed where insufficient KYC is provided, the estate transfers to another broker, or in accordance with applicable law and agreement terms.

I/We agree to be bound by the Estate Account Terms and Conditions.

4. Data Processing Consent

I/We consent to Network Capital Limited collecting, verifying, storing and processing personal data, estate documents and KYC information for account opening, regulatory compliance, CSCS/NASD processing, mandate execution, reporting, fraud prevention and client service purposes.

I/We understand that documents may be verified with probate registries, banks, regulators, identity-verification providers and other lawful third parties as required.

I/We consent to lawful processing and verification of the information provided.

Applicable Charges

Applicable Charges - Equity Sales

Fee	Rate	Type
NGX Fee	0.3% of Consideration	STATUTORY
Brokerage Fee	Max 1.35% of Consideration	MAXIMUM
Stamp Duty	0.075% of Consideration	STATUTORY
CSCS Fee	0.3% of Consideration	STATUTORY
VAT on Brokerage	7.5% of Brokerage Fee	STATUTORY
VAT on NGX Fee	7.5% of NGX Fee	STATUTORY
VAT on CSCS Fee	7.5% of CSCS Fee	STATUTORY

Applicable Charges - Equity Purchases

Fee	Rate	Type
SEC Fee	0.3% of Consideration	STATUTORY
Brokerage Fee	Max 1.35% of Consideration	MAXIMUM
Stamp Duty	0.075% of Consideration	STATUTORY
VAT on Brokerage	7.5% of Brokerage Fee	STATUTORY
VAT on SEC Fee	7.5% of SEC Fee	STATUTORY
VAT on CSCS Fee	7.5% of CSCS Fee	STATUTORY

Charges are subject to statutory/regulatory changes and will be reflected on the contract note. Brokerage fee shown is the maximum permitted rate.

Administrator / Executor Signatures

Administrator / Executor 1

Full Name*

Date*

Sign here

Administrator / Executor 2

Full Name*

Date*

Sign here

Administrator / Executor 3

Full Name*

Date*

Sign here

Administrator / Executor 4

Full Name*

Date*

Sign here

ESTATE ACCOUNT - STEP 8 OF 8

CSCS, Document Checklist and Internal Review

CSCS Direct Settlement Account Setup

Pre-filled from estate and administrator details where available. Compliance should verify before submission to CSCS.

Account Name / Estate Name*

Date of Birth / Date of Death

Address*

Phone 1

BVN

Bank Name

Bank Account Number

Bank Branch

Stockbroking Firm

Member Code

Estate Account Document Checklist

Core Estate Documents

Duly completed and executed Estate Account Opening Form signed by all administrators/executors
Valid Letters of Administration / Probate / Last Will from the probate registry or court
Death Certificate of the deceased
Newspaper publication / obituary notice
Letter appointing Network Capital Limited as stockbroker for the estate
Bank reference in the name of the Estate

For Each Administrator / Executor

Valid means of identification: National ID Card, International Passport, Driver's Licence or INEC Voter Card
Proof of address: utility bill, bank statement or rental agreement
Current passport photograph
BVN and TIN where applicable
Signature specimen and mandate instruction
Residence permit where applicable

Where Authority is Delegated

Duly registered Power of Attorney signed/sealed by all administrators or the delegating administrator
KYC documentation of the attorney/authorised person

For Official Use Only

Document Status Complete IncompleteRisk Rating: Low / Medium / High

CSO Name

CSCS A/C No.

Clearing House Number

Relationship Officer

Signature and Date

Compliance Approval

Signature and Date

Approving Officer

Signature and Date

Step 1 of 8