Before your business can access full transaction limits on Bujeti, you must complete Know Your Business (KYB) verification. This compliance process protects all users, keeps the platform secure, and ensures we meet regulatory requirements. Once verified, your account is upgraded to the appropriate tier, giving you unlimited usage based on your plan.
Required Verification Documents
Depending on your business type and structure, you may need to provide some or all of the following documents:
Core Business Documents
1. Certificate of Incorporation
Official document proving your business is registered
Must be issued by the Corporate Affairs Commission (CAC)
Should clearly show your company's legal name and registration number
2. CAC Status Report
Recent status report from the Corporate Affairs Commission
Confirms your business is active and in good standing
Should be dated within the last 3-6 months
You can obtain a CAC status report online through the CAC portal.
3. Memorandum and Articles of Association (MEMAT)
Governing documents outlining your company's structure and operations
Issued during company registration
Must match your Certificate of Incorporation details
Identity Verification Documents
4. Valid ID of Directors
Government-issued photo identification for all company directors
Accepted IDs include:
National Identity Card (NIN slip)
International Passport
Driver's License
Voter's Card
BVN
5. Proof of Address (Utility Bill)
Recent utility bill showing business address
Must be dated within the last 3 months
Acceptable documents include:
Electricity bill
Water bill
Bank statement showing business address
Tenancy agreement or property lease
Ownership Information
6. Details of Major Shareholders
Information about shareholders with at least 70% ownership
Required details include:
Full legal names
Contact information
Percentage of ownership
Valid identification documents
Verification Status & Timeline
Status | What It Means | Typical Timeline |
Pending | Documents submitted and awaiting review | Immediately after submission |
Under Review | Compliance team is reviewing your documents | 1-3 business days |
Additional Info Required | More documents or clarification needed | Varies - act promptly when notified |
Approved | Verification complete - full access granted | 2-5 business days (total) |
Rejected | Documents didn't meet requirements - resubmit | Immediate notification with reason |
You can learn more about getting started and creating your Bujeti account here.
Note: Our compliance team will notify you if your business requires additional documentation based on your industry or business structure. If you need more help with verification, please email [email protected] and our support team will respond as soon as possible.