The Authority Letter for Bank Statement is an essential document in Nigerian banking operations, required whenever an account holder needs to authorize their bank to release statement information, either for personal use or to third parties. This document becomes necessary in various situations, such as visa applications, audit purposes, loan applications, or business transactions. The letter must comply with Nigerian banking regulations, particularly the Banks and Other Financial Institutions Act (BOFIA) 2020 and the Nigeria Data Protection Regulation (NDPR) 2019, which govern the confidentiality and disclosure of banking information. The document typically includes comprehensive details about the account holder, specific account information, the period for which statements are required, and the purpose of the request, ensuring proper authorization while protecting the account holder's privacy rights under Nigerian law.

1. Letter Header: Including date, reference number, and formal letterhead if applicable

2. Bank Details: Full name and address of the bank branch where the account is held

3. Account Holder Information: Full name, address, and contact details of the account holder

4. Account Details: Account number(s) and type(s) of account(s) for which statements are requested

5. Statement Period: Specific time period for which the bank statements are required

6. Authorization Statement: Clear statement of authorization for the bank to release the specified information

7. Purpose Declaration: Statement indicating the purpose for which the bank statement is required

8. Signature Block: Space for account holder's signature, name, and date