Onboarding with Bujeti is designed to be straightforward and efficient, ensuring your company has the financial tools it needs to thrive. To complete the onboarding process, specific documents are required to verify and activate your account. These documents allow us to comply with regulatory standards, protect your business, and grant you full access to our platform's features.
Why Document Verification Matters
Bujeti is regulated under Nigerian financial laws and must comply with Know Your Business (KYB) and Anti-Money Laundering (AML) requirements. Submitting verified documents allows us to:
Meet our legal obligations as a regulated financial platform
Protect your business from fraud and unauthorized access
Unlock the right account tier and transaction limits for your needs
Establish a trusted financial identity with your partners and vendors
Document Requirements by Account Tier
Tier | Documents Required | Daily Limit |
Tier 1 | Certificate of Incorporation + Director's BVN | ₦500,000 / day |
Tier 2 | Tier 1 docs + MEMART + CAC Status Report + Proof of Address + Director IDs | ₦1,000,000 / day |
Tier 3 | Tier 2 docs + Shareholder info + Share certs + Board Resolution (if applicable) | Unlimited |
Start now, upgrade later: You can activate your Bujeti account and start transacting with just your Certificate of Incorporation. Submit additional documents when you're ready.
Required Documents for Onboarding
Certificate of Incorporation:
The Certificate of Incorporation is a legal document provided by the Corporate Affairs Commission (CAC) that formally registers your business. This document proves that your business is a recognized legal entity and is essential for setting up your Bujeti account.
Memorandum and Articles of Association:
This document outlines your company’s scope, objectives, and internal regulations. By submitting your Memorandum and Articles of Association, you allow Bujeti to understand your business’s structure, enhancing the tailored services we can provide.
Company Information: CAC Status Report/Form CAC 1.1, CAC 2, 3, or 7 (if applicable)
A CAC Status Report or forms such as CAC 1.1, CAC 2, CAC 3, or CAC 7 provide up-to-date information on your company’s registered address, shareholders, and directors. This information confirms the details of your organization’s key members and verifies compliance with local laws.
Note: Submitting the latest CAC report ensures Bujeti has accurate information, simplifying future interactions and support.
Proof of Address for Business or Beneficial Owner:
Proof of address confirms the physical location associated with your company or a beneficial owner, aiding in business verification. Accepted documents include:
Utility bill (waste, water, internet, or electricity)
Rental agreement
Bank account statement
Important: Ensure the document is no older than 3 months and includes the name of the business or beneficial owner. Please note that POS-generated utility bills are not acceptable.
Valid Identification of Owners or Directors:
To further verify the key stakeholders in your business, we require a valid means of identification for owners or directors. Accepted IDs include:
National ID
International passport
Driver’s license
Providing a clear, valid ID for each owner or director is essential for ensuring the security and authenticity of your account.
If you have multiple directors, prepare all IDs at once to avoid verification delays. Upload them in a single submission if possible, clearly labeled (e.g., "Director1_NationalID.pdf," "Director2_Passport.pdf").
Document Submission Checklist
| Document | Required For |
☐ | Certificate of Incorporation | Tier 1, 2, 3 |
☐ | Director's BVN | Tier 1, 2, 3 |
☐ | Memorandum and Articles of Association | Tier 2, 3 |
☐ | CAC Status Report / Form CAC 1.1, 2, 3, or 7 | Tier 2, 3 |
☐ | Proof of Business Address (< 3 months old) | Tier 2, 3 |
☐ | Valid ID for all Directors | Tier 2, 3 |
☐ | Shareholder Register + IDs (for ≥70% shareholders) | Tier 3 |
☐ | Board Resolution (non-Nigerian directors only) | Tier 3* |
By providing the necessary documents, you help us establish a secure and compliant business relationship, ensuring you can fully utilize the Bujeti platform. In the case you do not have all these documents you can see what you can access with our tier 1 account here.