If my FGN bond matures today, when will I receive the funds in my registered bank account?

Your FGN bond repayment is due on its maturity date. If that is today, you would normally expect payment today, but the exact time it appears in your registered bank account can depend on payment processing and your bank.

If the payment date falls on a weekend or public holiday, check the bond’s terms for the applicable working-day payment rule. I would not promise you a particular credit time or a fixed number of days without confirming the bond and how you hold it.

Think of it this way: Mama Ngozi lends money with an agreement that it will be returned on a particular date. That date is when repayment is due, but she still needs to check that the bank transfer has reached her account. The due date and the time the credit appears are related, but they are not always the same moment.

At maturity, what is due is the bond’s face value, meaning the amount stated for repayment, plus the final interest payment under its terms. If you bought the bond from another investor at a higher or lower price, that repayment amount may differ from what you paid.

For an FGN Savings Bond held directly in your name, payment should go to your registered bank account. If you invested through a broker or another custody arrangement, confirm whether the money goes directly to your bank or first into your investment cash account.

If you have not received it by the end of today, check your bank statement, not just your SMS alerts. Then contact your stockbroker or investment provider on the next working day. Give them the bond name, maturity date and your account reference, and ask them to confirm whether repayment has been processed and where it was sent. Do not share your PIN, password or OTP.

You should not need to sell the bond to receive repayment at maturity. If the delay remains unresolved, ask your provider for a payment trace and use the Debt Management Office’s official website, dmo.gov.ng, for the relevant enquiry contact.