How do I merge my investnaija CHN to zedcrest and mystocks app I registered with. Have they generated another CHN for me. If yes will it affect my redemption on investnaija app. If yes, what do I do
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How do I merge my investnaija CHN to zedcrest and mystocks app I registered with. Have they generated another CHN for me. If yes will it affect my redemption on investnaija app. If yes, what do I do
This is a very important question, and I’m glad you asked—because many Nigerian investors get this wrong and create problems for themselves. Let’s go straight to the truth and fix your situation properly. 🔴 First — The Core Rule (Don’t Miss This) You are supposed to have: 👉 ONLY ONE CHN (CSCS numberRead more
This is a very important question, and I’m glad you asked—because many Nigerian investors get this wrong and create problems for themselves.
See lessLet’s go straight to the truth and fix your situation properly.
🔴 First — The Core Rule (Don’t Miss This)
You are supposed to have:
👉 ONLY ONE CHN (CSCS number) in your lifetime
Issued by
Central Securities Clearing System
It is like:
BVN for banking
One identity across all brokers
✔ You can have many brokers
✔ But only one CHN
🟡 What Likely Happened in Your Case
You used:
InvestNaija
Zedcrest
MyStocks
👉 If you did NOT provide your existing CHN during registration, then:
❗ Each broker may have created:
A separate CSCS account
Possibly even another CHN (duplicate profile)
⚠️ Will This Affect Your Investment?
✔️ Your Money is NOT lost
Your shares are still safe because they are stored in CSCS.
❗ But you now have a problem:
Your investments are scattered
You may have:
Multiple CSCS account numbers
Possibly duplicate CHNs
👉 This can cause:
Confusion tracking your portfolio
Difficulty receiving dividends properly
Issues when transferring or selling
🔵 Can You “Merge” CHN Across Apps?
👉 You cannot merge apps directly
You must go through a formal process.
✅ The Correct Solution (Step-by-Step)
Step 1 — Identify Your Real CHN
Pick your main broker (e.g. InvestNaija).
Request:
Your CHN
Your CSCS statement
Step 2 — Check Other Brokers
Ask:
Zedcrest
MyStocks
👉 “Which CHN did you register for me?”
Step 3 — If You Have Multiple CHNs
You must request:
👉 CHN Consolidation (Merge)
This is done through:
Your stockbroker
CSCS approval
Process includes:
Written request
CSCS statement
Small processing fee
Step 4 — Link One CHN to All Brokers
Going forward:
👉 Always use the SAME CHN when opening new accounts
🟢 Important Clarification
You can have:
✔ One CHN (global identity)
✔ Multiple CSCS account numbers (per broker)
Think of it like:
CHN = BVN
CSCS accounts = different bank accounts
🔴 Will It Affect Your InvestNaija Redemption?
👉 No — your money there is safe
BUT:
If accounts are not aligned
Transfers or withdrawals may become complicated
🧠 What You Should Do Right Now (Practical Plan)
Stop opening new broker accounts
Choose ONE main broker
Request your:
CHN
CSCS statement
Contact the others and:
Link them to same CHN OR
Close unnecessary ones
If duplicates exist → request CHN merge
⚠️ Hard Truth (Important Advice)
Right now, your issue is not investing.
👉 Your issue is account structure and control
Fix this first before:
Buying stocks
Investing in bonds
✅ Bottom Line
You should have only one CHN
Multiple brokers = normal
Multiple CHNs = problem (but fixable)
No immediate loss, but needs correction