IN FLOW
1.
Client (Investor) will complete Omas Inestment Limited's Account
Opening Forms;
2. Client will give Omas Investment Limited a Purchase Order;
3. In the format provided by Omas Investment Limited (Please contact
your account officer), the client will complete a fund transfer
form requesting his bank to transfer the funds to Omas Investment
Limited's Account with Zenith Bank Plc -Nigeria. (Zenith Bank -
Nigeria's correspondent bank is (CITIBANK NEW YORK). Client must
state clearly that the purpose of the transfer is for capital importation.
4. Zenith Bank will notify Omas Investment Limited upon the inflow
of the client's money into Omas Investment Limited Domiciliary account;
5. Omas Investment Limited will then write a letter to Zenith Bank
requesting them to issue a Certificate of Capital importation for
the Client;
6. Omas Investment Limited will authorize Zenith Bank to sell the
funds at the prevailing interbank rate and credit Omas Investment
Limited trading account accordingly on behalf of the client with
the naira equivalent;
7. The Client will be advised of how much has been credited into
his account by Omas Investment Limited;
8. The purchase will be effected and the contract notes sent to
the client; and
9. Our Bankers (Zenith Bank ) will not charge the client for the
transfer.
OUT FLOW
1.
Client (Investor) will give Omas Investment Limited a sales order
or in the case of a dividend or interest payment, the counterfoil
will suffice;
2. Omas Investment Limited will execute the Sales Order;
3. The proceeds of the sales, dividend and interest payment will
be remitted net of taxes by Omas Investment Limited to the client
through Zenith Bank uopn the presentation of the Certificate of
Capital Importation issued when the initial investment was made;
4. A charge of 1% of the total amount of money to be remitted is
charged by Zenith Bank for the transfer.
For more information, please contact us.
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PROCEDURE FOR TRANSFERING FUNDS TO NIGERIA FOR THE PURPOSE OF PORTFOLIO
INVESTMENTS IN EQUITIES AND BONDS QUOTED ON THE NIGERIAN STOCK EXCHANGE.