How do I receive my money from FGN bonds after the maturity date?

When your FGN bond reaches maturity, repayment is normally processed automatically through the payment details linked to your investment. You usually do not need to sell the bond or find another buyer.

If you hold an FGN Savings Bond directly, the money should normally go into your registered bank account. If you bought through a bank, broker or investment platform, confirm whether repayment goes to your bank account or first enters your investment cash account.

Think of it this way: Mama Ngozi lends the government ₦100,000 through a bond bought at its face value. The government pays her interest on the agreed dates. When the borrowing period ends, it repays her ₦100,000, with the final interest payment due under the bond’s terms.

That repayment date is the maturity date. The amount repayable is called the face value. If you bought an existing bond from another investor at a higher or lower price, the face value may be different from the amount you paid.

Here is what to do:

1. Check the exact maturity date on your purchase confirmation or investment statement. Do not count only from the day you bought it, because you may have bought a bond that was already running.

2. Check your registered bank statement and, where relevant, your investment cash account for the repayment and final interest. Do not rely only on SMS alerts.

3. If the maturity date has passed and you have not received payment, contact the bank, broker or platform through which you invested. Ask them to confirm your payment details and trace the maturity repayment. Have your bond details, investment statement and CSCS number, if applicable, ready.

4. If they cannot resolve it, request a written explanation and payment reference. You can then contact the Debt Management Office through the official contact details on dmo.gov.ng for guidance on the appropriate payment enquiry channel.

You should not have to pay anyone a personal “release fee” to unlock your matured bond.

Which bank, broker or app did you use, and what maturity date appears on your statement? Please do not share your account number or other private details here.