Escrow Agency

As the escrow agency, we perform the third-party role and hold an asset or document on behalf of a first-party for delivery to a second-party or beneficiary upon the occurrence of a condition or event specified in the escrow agreement.

What it offers you:

As escrow agents, we offer the following services:

  • Opening off-shore escrow accounts where required to hedge against foreign exchange losses
  • Multi-currency account opening and maintenance
  • Adherence to instructions (payment of authorized invoices and request for information) issued by the principals and parties to the transaction in a timely manner
  • Investing idle funds via a daily sweep arrangement to ensure no investment benefit is lost
  • Prompt reconciliation
  • Handling the funds and/or documents in accordance with the instruction
  • Periodic reporting to stakeholders in line with transaction dynamics and agreement.
  • Closing the escrow in accordance to instructions when and where required.

 

To apply:

Contact us for a discussion, to determine what you need.

The Wealth House,
Plot 1678 Olakunle Bakare Close
Off Sanusi Fafunwa Street
Victoria Island, Lagos, Nigeria.
Tel: +234 1 280 1266 Ext 1033, 1016
E-mail: SITLAgency@stanbicibtc.com


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nigeriatrustees
+234 1 280 1266

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