A Nigerian man identified as Ustaz has taken to social media to provide insight on the deceitful practices of several Nigerian banks concerning the inheritance of cash from deceased bank account holders and the role of next of kin.
According to his revelations, the commonly held idea among Nigerians that the money in the deceased’s accounts immediately passes to the next of kin is false and deceptive.
Instead, he revealed specific Nigerian banks’ questionable activities, asking customers to be prudent and take proactive actions to safeguard their wealth for their loved ones.
Ustaz explained that when a bank account holder passes away, Nigerian banks do not simply hand over the money to the next of kin without proper verification.
He also valuable advice on how to outsmart the banks and ensure that their hard-earned money is rightfully inherited by their loved ones.
He wrote;
“BANKS ARE DUBIOUS, BE WISE!!
BE INFORNED!!
SO “NEXT OF KIN” IS USELESS IN THE BANK. THE REAL THING NEEDED IN THE BANK IS IF YOU DIE TODAY, YOUR “NEXT OF KIN” WILL NOT HAVE ANY ACCESS TO THE MONEY IN YOUR ACCOUNT!!!So Many Nigerians Think That Their Next Of Kin Is The Automatic Heir To Their Accounts. But The TRUTH Is That If Your Next Of Kin Is Not A Signatory To Your Account, And You Don’t Have A Written Will To Determine That Person’s Legitimacy, The Person Will Not Have Access To That MONEY At All. Your Bank Will Have To Go Through A Process Called A LEGAL PROBATE.
This Probate Period Helps Them Determine Who Gets The MONEY In Your Account. This Is A Very Very Lengthy And Expensive Process. Even After The Whole Process Is DONE, Your FAMILY Will Have To FORFEIT Some Very REASONABLE Amount Of The MONEY For LEGAL FEES.
But If You Want To Avoid This, Simply Request For Your Bank To Give You Something Called A POD Form. POD Stands For “PAYABLE ON DEATH”. The Name Of The Person You Fill In That POD Form Will Determine Who Will Get Your MONEY. All The Person Needs To Bring Is A Death Certificate To Get That MONEY Out.
With A POD Form, You Will Save Your FAMILY The Stress Of Going Through All That Lengthy Legal Process And Even Losing Some MONEY To The Law.
I Just Thought, I Should Let You Have Record Of This Important Information.
PLEASE BE WISE
MANY BANKERS WERE FEEDING ON YOUR HARD EARNED MONEY. Good morning everyone i thank God for today and always”
See his post below,
BANKS ARE DUBIOUS, BE WISE!!
BE INFORNED!!
SO "NEXT OF KIN" IS USELESS IN THE BANK.THE REAL THING NEEDED IN THE BANK IS
IF YOU DIE TODAY, YOUR "NEXT OF KIN" WILL NOT HAVE ANY ACCESS TO THE MONEY IN YOUR ACCOUNT!!!
👇👇
— Moderate's Textile (@moderate_ustaz) July 18, 2023
