How can I link my CSCS and CHN to another broker in Nigeria?

Yes — you can link your CHN and CSCS to another broker. This is called Inter-Member Transfer (moving your shares from one broker to another without selling).
Let me explain clearly and simply 👇
🔹 First — Important Things to Know
Your CHN is permanent — it does not change even if you change brokers
You can use the same CHN with multiple brokers
Your CSCS number may change per broker, but your CHN stays the same
🔹 How To Link Your CHN & CSCS To Another Broker
Follow these steps:
Step 1 — Open Account With New Broker
Open account with the new broker you want to move to
Examples:
Meristem
Meritrade
CardinalStone
ARM Securities
Stanbic IBTC Stockbrokers
Step 2 — Request “Inter-Member Transfer Form”
Ask your new broker for:
Inter-member transfer form
Authority letter
Step 3 — Fill Required Information
You will provide:
Your CHN
Your CSCS number
Current broker name
New broker name
Stocks to transfer
Step 4 — Submit Documents
Attach:
Valid ID
Passport photograph
Utility bill
CSCS statement
Step 5 — Submit To Your Old Broker
Your old broker signs and stamps the form
Step 6 — Transfer Completed
CSCS processes transfer
Shares move to new broker
Usually takes 3–7 working days �
HappyInvest
🔹 Example (Simple Illustration)
You have:
CHN with Meritrade
You want to move to:
CardinalStone
You:
Open CardinalStone account
Fill transfer form
Submit to Meritrade
CSCS moves shares to CardinalStone
Done ✅
🔹 Alternative (Better Option — Recommended)
Instead of transferring, you can simply:
👉 Give your existing CHN to the new broker
You can then:
Buy with Broker A
Buy with Broker B
All tracked under same CHN
This is easier and safer.