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
Regulatory Compliance: Bujeti is required to comply with Know Your Business (KYB) and Anti-Money Laundering (AML) regulations in Nigeria. Document verification ensures we meet these legal requirements.
Account Security: Verifying your business protects both you and Bujeti from fraud, unauthorized access, and financial crimes.
Feature Access: Different document sets unlock different account tiers with varying features and transaction limits.
Building Trust: Complete verification demonstrates your business legitimacy to partners, vendors, and clients who interact with your Bujeti account.
Document Requirements by Account Tier
Your verification level determines which Bujeti tier you qualify for:
Account Tier | Required Documents | Transaction Limits |
Tier 1 | Certificate of Incorporation and director's BVN | Up to ₦500,000 daily |
Tier 2 | Certificate + Memorandum + Status Report + Proof of Address + Director IDs | Up to ₦1,000,000 daily |
Tier 3 | All Tier 2 docs + Enhanced compliance documents (shareholder info, financial statements, board resolution) | Unlimited transactions |
Start with what you have: You can begin using Bujeti with just your Certificate of Incorporation (Tier 1), then upgrade as you gather additional documents.
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").
Additional Documents:
Shareholder Information
Complete shareholder register
Identification for shareholders owning 70% or more
Share certificate copies (if applicable)
Board Resolution for Non-Nigerian Directors
Official board resolution authorizing specific individuals to operate the Bujeti account in Nigeria providing their BVN and UBO's
Required for companies with parent companies outside Nigeria
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.