Good question—what you want to do is called an inter-member transfer (moving your shares from one stockbroker to another). In Nigeria, this is handled through the Central Securities Clearing System (CSCS), not directly inside apps like InvestNaija.
Let me break it down clearly for your exact situation (shares bought via Zenith Bank branch):
🔑 First thing to understand
Your shares are not really “with Zenith Bank”—they are stored electronically in CSCS under your CHN (Clearing House Number).
So what you’re doing is simply:
Changing the stockbroker managing your CSCS account.
✅ Step-by-step: Move from Zenith Bank → InvestNaija
1. Open/confirm your InvestNaija account
Make sure your InvestNaija account is fully verified
Confirm they have assigned you a CHN
If you already have one from Zenith, DO NOT create a new one
Use the same CHN
👉 Important: One investor should have only one CHN across brokers.
2. Tell InvestNaija you want to transfer shares
Contact InvestNaija support
Request for:
Inter-member transfer form
Or “Transfer of stock request form”
They will guide you and usually initiate the process for you.
3. Fill required documents
Typical documents required include:
Transfer request form
Valid ID (NIN, voter’s card, passport, etc.)
Utility bill
CSCS statement or proof of shares (if available)
Bank details (for dividends)
Signed authority letter to:
Zenith stockbroker
CSCS
InvestNaija

4. InvestNaija initiates the transfer
Your new broker (InvestNaija) submits everything to CSCS
CSCS processes and moves your shares electronically
👉 This is the standard system-wide process in Nigeria
5. Pay transfer fee (if applicable)
Usually around ₦2,000 – ₦5,000 depending on broker
6. Wait for completion
Timeline: 3 days to 2 weeks (sometimes longer depending on delays)
Once done:
Your shares will appear inside InvestNaija app
⚠️ Common mistakes to avoid
❌ Opening multiple CHNs (causes confusion and delays)
❌ Not updating your e-dividend details
❌ Not informing your current broker (Zenith)
💡 Pro tip (very important)
Since you bought through a bank branch, confirm:
The exact stockbroking arm used by Zenith (e.g. Zenith Securities or partner broker)
Because your shares are actually with that broker, not the bank itself.
🧭 Simple summary
Your shares are in CSCS
You’re just switching brokers
InvestNaija will handle most of the process
You only need to submit documents and authorize