Please fellow nairalanders, I need your opinions on this and if possible front page. It's quite personal and goes like this.
1. Mr Adam (my father) opens a fixed deposit account with X Bank. He subsequently submits his wife's details and makes her a co-signatory to the account with the *express mandate* that upon his demise, his wife exercises automatic access to the account and it's proceeds. Does this amount to a valid contract between him and the bank?.

2. Note that after his death the bank reneged on the primary provision of his directive, stating that a letter of administration must be procured (at an exorbitant cost).
Stated Reasons bothers on the fact that under banking laws and the principles of a valid contract, a contract between a depositor and the bank terminates upon the demise of the individual thus rendering the *mandate* unenforceable and invalid.
Please mods I need this on front page. Thanks.

Talk to a lawyer, don't waste your time here.

SocialJustice:
Talk to a lawyer, don't waste your time here.

Asin eh.

Lalasticlala, mynd44, seun. Frontpage please, a nairalander is in need being saved from extortionists and needs legal advice from experienced persons in the field.

You no get lawyer? How much did they tell you the Letter of Administration would cost that is exorbitant? Are they to do that for you?

All these grammars sef i no jus understand

What is the letter of administration supposed to achieve?

Threaten them that you will take them to court. What they are doing is nonsense.

homesteady:
What is the letter of administration supposed to achieve?

Threaten them that you will take them to court. What they are doing is nonsense.

Thanks for your response, they're trying to make us spend needless money. I need more suggestions apart from just routine advice on consulting a lawyer.

..

Go seek legal counsel.

Meet Barrister Chris Elisha. He has practiced law for 15 years

.

Mr man . Go See a lawyer asap nd Stop all this long talk.

Tell them u will go to court and treating them u will also use social media to claim you mandate.
Boom they will pay u when they hear social media

zuma4k:

Thanks for your response, they're trying to make us spend needless money. I need more suggestions apart from just routine advice on consulting a lawyer.

Do you want to consult a doctor for it?

The bank is right. My advice is to find all property including shares, other bank accounts etc and include all in the Letter of Administration.

Get a lawyer sharply

please what's the meaning of Nigeria bank because I just came back from Ghana and will be going to Togo tomorrow

This is enormously incredulous and it is obviously a deliberate attempt to not relinquish the funds of the demised.

i jst confuse
Go get a lawyer

Hmm

Scam bank, please which one is it so I can avoid them?

Hmmm. These banks can be annoying.
Anyway, a letter of administration will basically make you pay 10% of the amount in the bank to the registry at the judiciary. Very annoying in my own case as that 10% was huge.
I understand your pain OP.

My dear brother, I can understand how you feel about the entire bureaucracies but yes, the bank is right in their assertion.

A letter of administration or LOA is a standard requirement to enable a next of kin(s) to access a deceased's account.

It might seem stressful and expensive but its wholly legal the world over.

Why not just get the letter of administration.

Get a lawyer asap

See how vain the church as an institution has become. The Pentecostal that profess the holy spirit could not perform roles of spirits.

Comfort! The great conforter..Mourn with those mourn. It's emphasy was on reopening. So I ask you very educated Christians. To what end is the a church?

Crase for dem.
Just demo a little gbege for dem in the banking hall.....!

Dem go soji Las Las.

Dem wan chop ya papa sweat...!