The question is why should a non resident foreigner wants a bank account ?
For citizens in diaspora, this is very understandable, but for others a lot of negative meanings especially from someone like me from notorious Nigeria can be read into it.
As a long term investor in African markets, I need a foreign bank account to credit my dividends.
KenyaI Opened CDS account in 2004 but was only able to open a savings account for dividend payments after 4 years.
Opening a saving account even with sufficient evidence was as difficult as obtaining a US miltiple visa. So many questions ( sometimes embarrasing )and justification in terms of documentary evidence were required.
GhanaGhana is more foreigner friendly. Amal bank of Ghana have a special account for non resident foreigners, you are required to provide bank statement and proof of residence (utility bill) from your country of residence.
Uganda It was easy to open a savings accounts with proof of income and bank statement counbtry of residence and a convincing reason of the purpose of the account.. I believe it may be more difficult in years ahead
This is part of of the price that a non resident retail investor has to pay in African markets.
Unfortunately I do not know what it takes for a non residence foreigner to open a bank account
in Nigeria. I only know that Mzungus of different types with neither permanant residence
permit nor work permit have bank accounts.
For Advanced markets with online account, by default a nominee account is created so dividends are automatically credited to individual online trading account.
That makes it more easier.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .