PLS READ CAREFULLY!
Inflow to any bank! Seller bank is FCMB.
Rate is 350/5
Minimum of $50m.
Seller accepts the following
> Bank endorsed cheque
> Blocked funds
Both seller and buyer sign memorandum of agreement,with full bank A/C cordinates and deposit in their banks.
Buyer blocks the entire naira equivalent t of USD in buyer A/C in favor of seller and send telex/pre-advice to seller for confirmation.
Seller confirms blockfund.
Seller bank credits buyer nominated dom A/C and send telex copy to buyer for confirmation.
Buyer confirms telex and credits seller naira A/C including beneficiaries.