Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
How Do I Fill an E-Mandate Form for Dividend Payments in Nigeria?
Filling an e-mandate form is usually straightforward, but it depends on the bank or investment platform you are using. Here’s a step-by-step guide that applies to most Nigerian banks and investment apps (Afrinvest, Stanbic, Bamboo, InvestNaija, etc.): 1. Understand What an e-Mandate Is e-Mandate = eRead more
Filling an e-mandate form is usually straightforward, but it depends on the bank or investment platform you are using. Here’s a step-by-step guide that applies to most Nigerian banks and investment apps (Afrinvest, Stanbic, Bamboo, InvestNaija, etc.):
1. Understand What an e-Mandate Is
e-Mandate = electronic authorization allowing automatic debit from your bank account for a specific purpose (investment, bill payment, savings, loan repayment).
It links your bank account to the company or investment platform.
2. Typical Sections on an e-Mandate Form
Section
What to Fill
Bank Name
Select your bank where funds will be debited
Account Name
Your full bank account name
Account Number
Your bank account number
Amount / Limit
Specify the amount per debit or “open” if variable
Frequency
One-time, daily, weekly, monthly (depending on your plan)
Purpose / Beneficiary
Name of the platform, company, or service (e.g., Afrinvest, Stanbic IBTC, InvestNaija)
Start Date
When the mandate should start
End Date
Optional; if left blank, it runs until cancelled
Signature / Consent
Sign or type your e-signature if digital
3. Steps to Fill & Submit
Download or Access Form
Most platforms provide a PDF or online form.
Example: Afrinvest, Bamboo, InvestNaija all allow download or online submission.
Fill Bank Details
Use the bank account from which funds will be debited.
Double-check account number and account name.
Specify Amount and Frequency
Example:
N10,000 monthly for ETF purchase
N5,000 weekly for mutual fund savings
Specify Beneficiary / Purpose
Clearly write the name of the investment platform.
Sign the Form
If digital, use e-signature or tick the consent box.
If physical, sign with your pen.
Submit Form
Submit online via the investment platform or physically at your bank branch.
Some banks require verification (OTP, email confirmation, or in-branch approval).
4. After Submission
You will receive confirmation from the bank or platform.
Test transaction may be debited to verify.
You can usually cancel anytime by contacting your bank or the platform.
5. Tips to Avoid Mistakes
Ensure account name matches exactly with bank record.
Confirm beneficiary name is correct.
Enter amount and frequency accurately to avoid overdraft.
Keep a copy of the filled form for reference.
See lessDo I Need to Fill an E-Mandate Form for Dividend Collection on Bamboo for Nigerian Stocks?
For your American stocks on Bamboo, yeah, dividends just hit your account automatically no forms needed, super smooth. But for Nigerian stocks, it's a bit different because dividends come from the company registrars (not directly from Bamboo). so here is what you have to do, identify the company's rRead more
For your American stocks on Bamboo, yeah, dividends just hit your account automatically no forms needed, super smooth.
But for Nigerian stocks, it’s a bit different because dividends come from the company registrars (not directly from Bamboo). so here is what you have to do,
identify the company’s registrar.
contact them for e dividend mandate form.
fill and submit either physically or on their website.
The next time the company pays dividend it comes straight to your acccount.
See lessCan I Use One E-Dividend Form for Different Companies?
For e dividend or e mandate, one form does not automatically cover all your investments just because the companies use the same registrar. Each company’s shares are tied to its own records, even if the registrar is the same. So when you fill the e mandate form, it is usually linked to a specific shaRead more
For e dividend or e mandate, one form does not automatically cover all your investments just because the companies use the same registrar.
Each company’s shares are tied to its own records, even if the registrar is the same. So when you fill the e mandate form, it is usually linked to a specific shareholder account and the registrar will match your bank details with the accounts of the companies you invested in.
In most cases, if you have already completed your e dividend mandate correctly with your personal details and bank account, it can apply across multiple companies under the same registrar, as long as your details match exactly.
For example, if Mama Ngozi has three different tomato farms but uses the same market agent to sell all her tomatoes, she only needs to give her payment details once to that agent, and the agent will use it to pay her from all the farms. But if her details are not correctly recorded for each farm, she may still need to confirm or update them.
One correctly completed e mandate can work for multiple companies with the same registrar, but your details must be consistent and properly linked to each investment.
See less