THE STUDY OF CREDIT MANAGEMENT, ANALYSIS AND COLLECTION IN THE NIGERIAN FINANCIAL SYSTEM WITH A CASE STUDY OF ANAMBRA STATE
THE STUDY OF CREDIT MANAGEMENT, ANALYSIS AND COLLECTION IN THE NIGERIAN FINANCIAL SYSTEM WITH A CASE STUDY OF ANAMBRA STATE
INTRODUCTION
References
References
RESEARCH DESIGN AND METHODOLOGY
References.
CHAPTER FOUR:
References
CHAPTER FIVE:
Bibliography
Appendices.
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
One of the unique features of our business system is that it operates of a large extent on promises, called credit. The emergence of credit, the might be helpful to point out, is not one of design rather, it is a product of necessity.
These have been many meanings to credit like the sale of a goods a services on the basis of deferred payment.
In banking, credit is held to refer to “an entry in the books of a bank showing its obligation to a customer, that is, for the deposits made by the customer”. In book – keeping, credit is an entry showing that the person named has a right to demand something but not necessary, money. Likewise, the term credit may refer to a credit instrument, that is a document which services to evidence the existence of a business transaction anchored on trust and so forth.
By definition, credit is the ability to obtain goods, services or money now in exchange for promise of payment in the future. The degree of this ability is either good risk or bad risk depending on the likelihood of payment. Credit may be secured or unsecured. For the purposes of this project work I am concentrating on a familiar type of credit finance involving a loan of money from a financial institution to an individual or a firm in return, the borrower agrees to make whole or regular payments until the principal and interest are paid. There are many other types of credit arrangements, the terms of which may specify on demand or by a certain date.
In this write up, however, I will be concerned primarily with financing through loans or issues of securities from financial institutions which oblige specified future payments in money and its possible effects on economic development of Nigeria that is it implies a movement from a given level of development to a more desired level of development.
1.2 STATEMENT OF THE STUDY
The use of credit especially in the business world is so common that by way of compliment, it is generally called as “the life – blood of business”. However, for the sake of emphasis, business entities and individuals find credit a distinct convenience. Credit, properly used of outstanding benefit to the society. As such, it helps increase total production, employment and consumption and moreso improves people’s standard of living.
“If you want to succeed in business”, said the now legendary successful business, “do not use your own money; this statement, true today as it was at the time it was first made, simple refers to the fact that most people, whether businessman or not tend to be more lax with their own money than with money entrusted to their care by others. Borrowed money, or money used by the businessman in a fiduciary capacity to excute a business venture, is generally handed with greater care. The sense of accountability is awakened, leading to the realization that the keeping of books of account, for instance is not an unnecessary burden and that the installation of good management control system is business is vital.
Anything that has advantage will also have disadvantage equally. But for the purposes of this research the disadvantage of credit will be of little interest to us.
The cost of using credit
It goes without saying that almost everyone who uses credit understandably has to pay for it. To use credit wisely it is necessary to know how much it costs. The cost of credit covers the following; interest, operating expenses and risk.
It is on the strgenth of the above reflections that I decided to investigate on the following.
1.3 OBJECTIVES OF THE STUDY
The Nigeria financial system involves the flow of funds within the economy. The competition for funds, the roles of the financial intermediaries including banks, the government and the provision of company finance. It also involves the workings of the stock exchange, the efficient market hypothesis share price evaluation, factors influencing the movement of share prices and interest rate, and on awareness of the differences that exist between the financial system of different countries.
For this study I am operating on bank credit. The reason for such regard is due to the volume of bank credit in use today. Bank credit, briefly stated, comprises the aggregate of all the funds advanced in various ways by banks to other members of community.
As is quite well known, banks furnish funds to borrower of every descriptions. Such types of loans vary from one bank to another which are generally based according to the purposes for which these banks ar established.
For instance the Nigeria industrial development bank (NIDB) which take care of extending loans for industrial developments, the Nigeria bank for commerce and industry, the Nigerian agriculture and co-operational bank (NACB), taking care of agricultural loans, the federal mortgage bank of Nigeria (FMBN) providing loans for housing and finally commercial banks e.g UBA, UNION, First bank of Nigeria Plc, Africa Bnak, UTB etc. the former are development bank that offer medium and long – term loans while the latter of short – term loan e.g working or floating or circulating capital, but they can sometimes extend loans to longer term but this is strictly based on government directives. There are other banks like the merchants banks etc.
The need for short, medium and long – term finance arise whenever a company undertakes investment expenditure, that is a project or group of projects involving an outlay of resources in the present with a view of generating a profitable return in the future. To obtain the resources necessary for. This purpose the company must seek out finance providers – that is suppliers of capital who are wiling to forgo present use of their resources in exchange for a share of the profit which, all being well, will flow in from the investment expenditure which is undertaken.
Finance – provides are thus making a two fold sacrifice, they are exchanging present, certain resources for future uncertain returns. They understandably seek compensation for the sacrifice which they undertake in the form of a prospective return which exceeds in amount of present resources forgone.
After going through this project, one would be seen to be operating within the premise of the following objectives.
1.4 SIGNIFICANCE OF THE STUDY
This project work is intended to help a variety of people like the government in determine the amount of credits in circulation and how it is at located for proper budgetary controls, the loan seekers to know the best source to obtain and how to use them, the commercial bank and other banks to determine their performance in relation to others. Moreso it is intended to assist information seekers to know the volume of credits and its allocation. It also shows how credit can be felt in business not only as a mere assistance but as an economic catalyst. Just as developments with far reaching significance have been described in no less appropriate terms as commercial revolution, industrial revolution, technological so do credit.
This project work will also be of immense help to students and student alike who may like to know more on credit as regards to the future of man to credit. Large scale business and foreign business can be achieve by the use of credits.
Finally, it will also act as a boost to money and capital market in determining the effects of credits in the economic development as a whole.
1.5 HYPOTHESES
The hypotheses set forth in this project work as follows:
P (ΘG /AG) = (1 – P (ΘB /AG)
Where P (ΘG /AG) is the probability that the loan will be good, given that the analyst accepted the applicant i.e success rate.
P (ΘB /AG) is the probability that the loan will be bad, given that the analyst accepted the applicant i.e loss rate.
2) To determine the following
P (ΘGnAG) Л + P (ΘB nAG) < > o
P (AGn ΘB) = P (AG). P (ΘB /AG)
P (AGn ΘG) = P (AG) - P (AGn ΘB)
Where Л is profit
L is loss
P (ΘGnAG) is joint probability that the loan will be god and analyst will accept applicant i.e percentage of applicants correctly accepted for credit.
P (ΘG) is the probability that an applicant would repay as agreed i.e. good loan.
P (ΘB) is the probability that an applicant would not repay as agreed i.e bad loan.
P (AG) is the probability that the analyst will grant a loan to an applicant i.e. acceptance rate.
P (AB) is the probability that the analyst will reject an applicant i.e. rejection rate.
P (ΘBnAG) is joint probability that the loan will be bad and applicant is accepted by the analyst i.e percentage of applicants which are granted credit but don’t repay loans.
P (ΘBnAB) is joint probability that the loan would be paid is not granted by the analyst i.e percentage of applicants which are not granted credit, although they would repay as agreed.
P (ΘBnAB) is the joint probability that the loan would not be paid and analyst (correctly) rejects applicants i.e percentage of applicants correctly rejected.
1.6 SCOPE AND LIMITATIONS OF THE STUDY
The study of credit management, analysis and collection in the Nigerian financial system with a case study of Anambra state is intended to assess the adequacy or otherwise of the banks management efforts at minimizing losses arising from bad debts. I have however chosen few commercial bank whose credit data are within my reach. A five year period covering 2000. – 2004 will be studied. This study is confined to four major parts; credit economy, credit management, credit analysis and credit collection.
The major limitations to the study is the unwillingness by the commercial banks to disclose information. This un un-operative attitude of banks has made it virtually impossible for a meaningful comparative study of the organization within the banking industry. On the part of credit recipients, the major problem thy posed was that of illiteracy.
The present analysis was confronted with a number of problems. Firstly, one of the major difficulty is that absence of suitable times data which could be subjected to rigorous econometric analysis. In some cases, where data are available, they are so scattered that important problems are involved in lumping them together for the purpose of a comparative study.
Frequently, existing data, could only be after considerly processing. Secondly, the major surveys carried out in Anambra state are informative but unfortunately, on occasions, data available in different survey are not strictly comparable because of the changes in economic policies. Thirdly, little up – to – date information is available either on a time series basis or on a cross sectional basis about the nature of operations of indigenous financial agencies in the rural sector of the state. Finally, there is a great dearth of information about the flow of funds in the unorganized rural sector of the different local governments and although the study of the flow of funds would have been interesting no attempt is made here to undertake such an analysis.
1.7 DEFINITION OF TERMS:
The following are some of the terms used in the study.
REFERENCES
Agu C.C; Nigerian banking structure and performance (The banking system’s contribution to economic development). African – FEP Ltd, 1988.
Anreder Steven .S; Modern business corporation finance Alexander Hamiliton institute Inc. 1977
Cathcart Charles D; Money credit and economic activity Richard D. Irwin Inc. 1982.
Kohler Eric L A dictionary for accountants prentice – hall Inc. 1975.
Rosenbery Jerry M. Dictionary of banking and financial John Wiley and sons Inc. 1982.
Wortman Leon A,; A desk book of business management time (A division of American management association), 1979.
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ORDER NOW
COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
CHAPTER ONE
INTRODUCTION
- Background of study
- Statement of the study
- Objectives of the study
- Significance of the study
- Hypothesis
- Scope and limitations of the study
- Definitions of terms.
References
CHAPTER TWO
- Literature review
- The Nigeria financial system
- Credit Analysis and collection
References
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
- Source of data
- Interview question
- Sample used
- Methods of investigation
- Government credit guidelines
References.
CHAPTER FOUR:
DATA ANALYSIS
- Return of questionnaires
- Analysis of responses of loan beneficiares
- Analysis of responses of practicing bankers
- Test of hypothesis
- Analysis of banking system’s credit by using time series.
References
CHAPTER FIVE:
FINDING, RECOMMENDATION AND CONCLUSION
- Summary of findings
- Recommendation
- Conclusion
Bibliography
Appendices.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
One of the unique features of our business system is that it operates of a large extent on promises, called credit. The emergence of credit, the might be helpful to point out, is not one of design rather, it is a product of necessity.
These have been many meanings to credit like the sale of a goods a services on the basis of deferred payment.
In banking, credit is held to refer to “an entry in the books of a bank showing its obligation to a customer, that is, for the deposits made by the customer”. In book – keeping, credit is an entry showing that the person named has a right to demand something but not necessary, money. Likewise, the term credit may refer to a credit instrument, that is a document which services to evidence the existence of a business transaction anchored on trust and so forth.
By definition, credit is the ability to obtain goods, services or money now in exchange for promise of payment in the future. The degree of this ability is either good risk or bad risk depending on the likelihood of payment. Credit may be secured or unsecured. For the purposes of this project work I am concentrating on a familiar type of credit finance involving a loan of money from a financial institution to an individual or a firm in return, the borrower agrees to make whole or regular payments until the principal and interest are paid. There are many other types of credit arrangements, the terms of which may specify on demand or by a certain date.
In this write up, however, I will be concerned primarily with financing through loans or issues of securities from financial institutions which oblige specified future payments in money and its possible effects on economic development of Nigeria that is it implies a movement from a given level of development to a more desired level of development.
1.2 STATEMENT OF THE STUDY
The use of credit especially in the business world is so common that by way of compliment, it is generally called as “the life – blood of business”. However, for the sake of emphasis, business entities and individuals find credit a distinct convenience. Credit, properly used of outstanding benefit to the society. As such, it helps increase total production, employment and consumption and moreso improves people’s standard of living.
“If you want to succeed in business”, said the now legendary successful business, “do not use your own money; this statement, true today as it was at the time it was first made, simple refers to the fact that most people, whether businessman or not tend to be more lax with their own money than with money entrusted to their care by others. Borrowed money, or money used by the businessman in a fiduciary capacity to excute a business venture, is generally handed with greater care. The sense of accountability is awakened, leading to the realization that the keeping of books of account, for instance is not an unnecessary burden and that the installation of good management control system is business is vital.
ADVANTAGES OF CREDIT
- Credit facilitates and contribution of the increase in wealth by making funds available for productive purposes.
- Credit saves time and expense by providing a safer and more convenient means of completing transaction
- Credit helps expands the purchasing power of every member of the business community – from producer to the ultimate consumer.
- Credit enables immediate consumption of goods thereby providing for an increase in material well –being
- Credit help expand economic opportunities through education, job training, job creation
- Credit spreads progress to various sectors of the economy
- Credit makes possible the birth of new industries
- Credit helps buying become more convenient for customer.
Anything that has advantage will also have disadvantage equally. But for the purposes of this research the disadvantage of credit will be of little interest to us.
The cost of using credit
It goes without saying that almost everyone who uses credit understandably has to pay for it. To use credit wisely it is necessary to know how much it costs. The cost of credit covers the following; interest, operating expenses and risk.
It is on the strgenth of the above reflections that I decided to investigate on the following.
- The need for credit facilities
- The importance of proper credit management
- What it takes to be credit worthy and benefits accruing
1.3 OBJECTIVES OF THE STUDY
The Nigeria financial system involves the flow of funds within the economy. The competition for funds, the roles of the financial intermediaries including banks, the government and the provision of company finance. It also involves the workings of the stock exchange, the efficient market hypothesis share price evaluation, factors influencing the movement of share prices and interest rate, and on awareness of the differences that exist between the financial system of different countries.
For this study I am operating on bank credit. The reason for such regard is due to the volume of bank credit in use today. Bank credit, briefly stated, comprises the aggregate of all the funds advanced in various ways by banks to other members of community.
As is quite well known, banks furnish funds to borrower of every descriptions. Such types of loans vary from one bank to another which are generally based according to the purposes for which these banks ar established.
For instance the Nigeria industrial development bank (NIDB) which take care of extending loans for industrial developments, the Nigeria bank for commerce and industry, the Nigerian agriculture and co-operational bank (NACB), taking care of agricultural loans, the federal mortgage bank of Nigeria (FMBN) providing loans for housing and finally commercial banks e.g UBA, UNION, First bank of Nigeria Plc, Africa Bnak, UTB etc. the former are development bank that offer medium and long – term loans while the latter of short – term loan e.g working or floating or circulating capital, but they can sometimes extend loans to longer term but this is strictly based on government directives. There are other banks like the merchants banks etc.
The need for short, medium and long – term finance arise whenever a company undertakes investment expenditure, that is a project or group of projects involving an outlay of resources in the present with a view of generating a profitable return in the future. To obtain the resources necessary for. This purpose the company must seek out finance providers – that is suppliers of capital who are wiling to forgo present use of their resources in exchange for a share of the profit which, all being well, will flow in from the investment expenditure which is undertaken.
Finance – provides are thus making a two fold sacrifice, they are exchanging present, certain resources for future uncertain returns. They understandably seek compensation for the sacrifice which they undertake in the form of a prospective return which exceeds in amount of present resources forgone.
After going through this project, one would be seen to be operating within the premise of the following objectives.
- To be to ascertain the effect of credit and its proper management results in economic development
- To known if credit are properly channeled in the state
- How far credit has helped in economic development in the state
- To ascertain the activities of financial institutions in credit disbursement.
- To determine the incidence of default rate
- To be able to adduce possible ways to limit default rate.
1.4 SIGNIFICANCE OF THE STUDY
This project work is intended to help a variety of people like the government in determine the amount of credits in circulation and how it is at located for proper budgetary controls, the loan seekers to know the best source to obtain and how to use them, the commercial bank and other banks to determine their performance in relation to others. Moreso it is intended to assist information seekers to know the volume of credits and its allocation. It also shows how credit can be felt in business not only as a mere assistance but as an economic catalyst. Just as developments with far reaching significance have been described in no less appropriate terms as commercial revolution, industrial revolution, technological so do credit.
This project work will also be of immense help to students and student alike who may like to know more on credit as regards to the future of man to credit. Large scale business and foreign business can be achieve by the use of credits.
Finally, it will also act as a boost to money and capital market in determining the effects of credits in the economic development as a whole.
1.5 HYPOTHESES
The hypotheses set forth in this project work as follows:
- Whether loan collection based on probabilistic tendencies.
P (ΘG /AG) = (1 – P (ΘB /AG)
Where P (ΘG /AG) is the probability that the loan will be good, given that the analyst accepted the applicant i.e success rate.
P (ΘB /AG) is the probability that the loan will be bad, given that the analyst accepted the applicant i.e loss rate.
2) To determine the following
P (ΘGnAG) Л + P (ΘB nAG) < > o
P (AGn ΘB) = P (AG). P (ΘB /AG)
P (AGn ΘG) = P (AG) - P (AGn ΘB)
Where Л is profit
L is loss
P (ΘGnAG) is joint probability that the loan will be god and analyst will accept applicant i.e percentage of applicants correctly accepted for credit.
P (ΘG) is the probability that an applicant would repay as agreed i.e. good loan.
P (ΘB) is the probability that an applicant would not repay as agreed i.e bad loan.
P (AG) is the probability that the analyst will grant a loan to an applicant i.e. acceptance rate.
P (AB) is the probability that the analyst will reject an applicant i.e. rejection rate.
P (ΘBnAG) is joint probability that the loan will be bad and applicant is accepted by the analyst i.e percentage of applicants which are granted credit but don’t repay loans.
P (ΘBnAB) is joint probability that the loan would be paid is not granted by the analyst i.e percentage of applicants which are not granted credit, although they would repay as agreed.
P (ΘBnAB) is the joint probability that the loan would not be paid and analyst (correctly) rejects applicants i.e percentage of applicants correctly rejected.
- The quantity of bad debts that can be written off
- The percentage of bad and good loan in various states.
1.6 SCOPE AND LIMITATIONS OF THE STUDY
The study of credit management, analysis and collection in the Nigerian financial system with a case study of Anambra state is intended to assess the adequacy or otherwise of the banks management efforts at minimizing losses arising from bad debts. I have however chosen few commercial bank whose credit data are within my reach. A five year period covering 2000. – 2004 will be studied. This study is confined to four major parts; credit economy, credit management, credit analysis and credit collection.
The major limitations to the study is the unwillingness by the commercial banks to disclose information. This un un-operative attitude of banks has made it virtually impossible for a meaningful comparative study of the organization within the banking industry. On the part of credit recipients, the major problem thy posed was that of illiteracy.
The present analysis was confronted with a number of problems. Firstly, one of the major difficulty is that absence of suitable times data which could be subjected to rigorous econometric analysis. In some cases, where data are available, they are so scattered that important problems are involved in lumping them together for the purpose of a comparative study.
Frequently, existing data, could only be after considerly processing. Secondly, the major surveys carried out in Anambra state are informative but unfortunately, on occasions, data available in different survey are not strictly comparable because of the changes in economic policies. Thirdly, little up – to – date information is available either on a time series basis or on a cross sectional basis about the nature of operations of indigenous financial agencies in the rural sector of the state. Finally, there is a great dearth of information about the flow of funds in the unorganized rural sector of the different local governments and although the study of the flow of funds would have been interesting no attempt is made here to undertake such an analysis.
1.7 DEFINITION OF TERMS:
The following are some of the terms used in the study.
- Bad debt: These are debts due to a business which it does no expect to collect.
- Bank credit: These is bank advance to a customer, whether by overdraft or loan account.
- Consumer credit: Borrowing by consumers for the purchase of goods and services. Hire purchase are personal bank loans are example of consumer credit.
- Credit instrument: A written or printed financial document that services either as a promise or an order to transfer funds from one person to another or from one firm to another. The principal credit instruments are banknotes, cheques, postal orders money orders and bills of exchange.
- Credit line: An agreement by a creditor, lender, or bank to extend credit or to make a loan up to a maximum specified amount, when needed by a customer usually informal and for an indefinite time period.
- Discount: An inducement offered by a creditor to debtors to pay promptly (cash discount) or deduction from the catalogue price of an article generally allow by a wholesaler to a retailer (trade discount)
- Economic activity: All activity that is primarily concerned with the generation and distribution of goods and services.
- Gearing: A term applied to the capital of a limited company to indicate the proportion between the various types of shares and debentures that has issued.
- Insolvency: A business or individual becomes insolvent when liabilities (except to the owners of the business) exceed the total value of the assets.
- Interest: A payment by a borrow for the use of a sum of money for a period of time.
- Management: The act of directing, controlling and carrying out the function of an organizer promoter or contractor, the conduct and control of a branch bank or department by its manager.
- Portfolio: The table securities holding of an industrial or organization, including all stocks, bonds, options, limited partnership shares and any other securities held, in a wider sense, all debts owned by others and all ownership equities.
- Promising note: A document stating that a person promises to pay another a specified sum of a certain rate.
- Questionnaire: A document used in a survey as, for example, in consumer research, comprising a series of questions aimed at elinting certain required information
- Security: A negotiable instrument such as a share or loan certificate. Protection of a loan by assets.
- Usury: The charging of illegally high rates of interest by lender, such rate are governed by state laws.
REFERENCES
Agu C.C; Nigerian banking structure and performance (The banking system’s contribution to economic development). African – FEP Ltd, 1988.
Anreder Steven .S; Modern business corporation finance Alexander Hamiliton institute Inc. 1977
Cathcart Charles D; Money credit and economic activity Richard D. Irwin Inc. 1982.
Kohler Eric L A dictionary for accountants prentice – hall Inc. 1975.
Rosenbery Jerry M. Dictionary of banking and financial John Wiley and sons Inc. 1982.
Wortman Leon A,; A desk book of business management time (A division of American management association), 1979.
Download our android mobile app for more materials
ORDER NOW
COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
MAKE YOUR PAYMENT INTO ANY OF THE FOLLOWING BANKS:
GTBANK
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ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
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