Liquidity Multiplier Service (LMS)

The Kakawa LMS is a flexible investment opportunity which enables you to make withdrawals from your account when needed, and earn interest on your daily balances without any charges. We produce monthly statements on your account for ease of reconciliation and offer cheque pick-up services.    

Features/Benefits

1. The KAKAWA LMS assures you of an attractive interest rate on your daily balances.
2. The KAKAWA LMS assures you COT free withdrawals.
3. The KAKAWA LMS assures you earnings without withholding tax or VAT.
4. You will be issued with a chequebook.
5. You may make your withdrawals through NIBSS transfers, or upon receipt of your written instructions through Kakawa.
6. Minimum running balance applicable on the LMS Account is =N=100,000.00 (One Hundred Thousand Naira only).
7. Monthly account statements will be sent to you.
8. Funds would be transferred to/from any of your other accounts with us upon receipt of your written instructions.

How the LMS account Operates

1. You can deposit funds at any branch of Guaranty Trust Bank (GTB) or First Bank of Nigeria (FBN) Plc.
2. Our Guaranty Trust Bank Account Number is 150615-31550.
3. Account Name: Kakawa Discount House Limited.
4. Depositor: (PLEASE SPECIFY NAME)
5. At FBN the procedure is the same with different account numbers at different branches. You will be advised of the appropriate account numbers as soon as the FBN branches needed are identified.
6. Same day value will be given to all cash paid in, or transfers made with notice by 12 p.m daily.

 

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