Corporate Client Risk Assessment Form.

Politically Exposed Persons (PEP) means: (1) a prominent public figure who is a natural person currently or formerly entrusted with a senior public role or function (e.g., a senior official in the executive, legislative, military, administrative, or judicial branches of government, traditional and/or royal title holders); (2) an immediate family member, which includes as the spouse/partner, parent, grandparent, sibling, child, step-child, or in-law of a prominent public figure; (3) a known close associate, which includes those individuals that are widely- and publicly-known to maintain a close relationship to the prominent public figure. These known close relationships can occur with anyone and in any capacity, but some examples include distant relatives, advisors, partners outside the family unit, employees, business associates and representatives/agents. (4) Prominent religious institutions and their leadership structure.

I hereby consent that my personal information may be processed to enable the company fulfil its obligations or perform services in operating my account. I assert that my personal information belongs to me and I can request for details on the information that was collected, to confirm or correct any inaccuracies. I agree and accept that where the need arises, my information may be shared or transferred to a third-party service provider of the Cordros group or affiliates who provide services in connection with the operation of the business. Cordros guarantees that any information to be shared or transferred shall be strictly confidential and will not be kept longer than necessary for the purpose it was collected, save and except where such information is required to be retained by law. Clients can also opt out of our services at any time by sending an email to [email protected].

1. Copy of CAC Certificate of Incorporation / Registration.
2. CAC Forms 2, 7, 1.1, CAC Status report
3. Board Resolution and authorized signature mandate.
4. Valid means of identification of Directors and Signatories / Contact persons (Data page of International Passport / Driver’s License / National ID Card).
5. Memorandum & Article of Association (Limited Liability Companies).
6. Utility bill of the organization and Directors.
7. Certificate of registration with Special Control Unit on Money Laundering (SCUML) (for Designated Non-Financial Banks & Persons only)

You agree that all transactions carried out on your account are subject to the provisions of the Money Laundering (Prohibition) Act 2022 of the Federal Republic of Nigeria and hereby agree to carry out your responsibilities under the Act. Furthermore, you agree that Cordros is required by regulation to report all suspicious transactions to the relevant regulatory bodies.

Cordros reserves the right to record any telephone conversations between you and any member of Cordros’ staff and you acknowledge that this is in line with international best practice and shall be done solely for the purpose of resolving any disputes which may arise concerning telephone advice or instructions.

The client agrees and authorizes Cordros without reservation to make third-party enquiries about his/her person and business now or at any time in future in order to satisfy all required Know your Customer (“KYC”) obligations statutorily imposed from time to time on Financial Institutions in the Federal Republic of Nigeria.

You permit us to issue notices required in relation to the operation of your account by making such notification available via our communication systems or sending such notification by email, SMS or similar future technologies.

In the unlikely event that you are dissatisfied with our services, you are to bring such dissatisfaction to our attention, and such complaints received by Cordros will be treated timeously in accordance with Cordros’ Client Complaint Management Policy and applicable rules and regulations.

Cordros shall take all reasonable precautions to preserve the integrity and prevent any unauthorized use or loss, damage or destruction of your data and information.

Cordros shall not be liable for any delay in performance attributable to a cause beyond its reasonable control, and it is agreed that force majeure shall mean acts of nature such as earthquake, floods, tornadoes, fire; actions or inaction of government; war, civil disturbance, insurrection, vandalism, sabotage; strikes or other industrial disputes; exchange or market rulings; any act neglect or default of the other Party, or any cause outside Cordros’ reasonable control.

You also agree to be bound by any review, changes or amendments made to the terms and conditions stated in this document, which may occur from time to time. Provided you receive written notification of such changes via your agreed means of communication.

You agree that all documents you provide are valid and authentic and Cordros is authorized to verify any or all of the information provided by you.

Cordros shall only honor instructions emanating/originating from the registered contact details/signatories of the client as at the creation of the account or via subsequent updates.

Email Indemnity (All Clients)

You hereby consent to the use of electronic communication (which includes communication by email or telephone or facsimile).

By this consent, you unequivocally agree that instructions transmitted by electronic communication be binding for all purposes, including for purposes of evidence. You irrevocably undertake and warrant that you shall not make any demand or claim, or institute any action against Cordros communication. You agree to indemnify and hold Cordros harmless against all claims, demands, actions and proceedings which may be made or instituted against Cordros; with, or arising as a result of your consent to electronic communication or Cordros’ reliance on electronic communication issued from your email account or other electronic communication account indicated herein or subsequently communicated to Cordros by you or your nominated investment adviser or any other person you authorize to manage your account.

You acknowledge that there are certain risks associated with conveying instructions via electronic means, including, but not limited to the risk of delay, non-receipt (due to technical malfunction, disruption, connectivity issues, etc. of your system or Cordros’ system or any other reason), third party interception/interference, data corruption, etc., and hereby fully waive, discharge and indemnify Cordros in respect of any loss or damages resulting from any of the risks identified above/from the use of electronic communication with respect to your account.