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, Oyin Jolayemi Street, Lagos.