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A Resolution to Add Signatory to Bank Account is a crucial corporate document required by Nigerian banks and regulatory authorities when companies need to modify their bank account signing arrangements. This document is typically needed when appointing new officers, replacing departing signatories, or restructuring financial controls. It must comply with the Banks and Other Financial Institutions Act (BOFIA) 2020, Companies and Allied Matters Act (CAMA) 2020, and specific bank requirements. The resolution includes comprehensive details about the company, the new signatory, specific banking powers granted, and relevant account information. It serves as the official record of the company's decision and provides banks with the necessary authorization to update their records.

1. Title and Company Details: Full legal name of the company, registration number, and registered address

2. Meeting Details: Date, time, location of the meeting, and type of meeting (Board/Shareholder)

3. Attendance and Quorum: List of directors/shareholders present and confirmation of meeting quorum

4. Background: Brief context explaining the need for adding a new signatory

5. Resolution Declaration: Formal statement that the resolution was duly passed

6. New Signatory Details: Full name, position, and identification details of the new signatory

7. Signing Authority Specifications: Clear description of the signing powers being granted (e.g., single/joint authority, transaction limits)

8. Bank Account Details: Specific bank account numbers and bank branch details affected by this resolution

9. Certification: Declaration by the company secretary or director certifying the resolution

10. Signatures: Space for required signatures of authorized officers (typically Chairman and/or Company Secretary)